The binary signals results for this week are below and are based on the parameters setup in the strategy, which are:

  • Price is at an ATR
  • Entry is using an ATM with risk less than $45 (achievable by using limit orders)
  • Exit is generated by one of the following:
    • On the currencies that have a four pip strike width, price needs to move two strikes above the ATM (eight pips)
    • On the currencies that have a ten pip strike width, price needs to move one strike above the ATM
    • Price does not reach the profit target as described above and either expires ITM or OTM

Binary Signals Results for Week

In this video, Gail Mercer, founder of TradersHelpDesk, reviews the binary signals results for week ending April 27, 2018. There were a total of 106 signals, of which 76 met the exit criteria and 30 lost. The win ratio based on the above was 71.70% for the week.  (Please review the DISCLAIMER below.)

Gail also shows what the profit or loss would be if trading one contract and using a $30 profit target, a $40 profit target, or allowing the trade to expire ITM ($55 profit).  This week roughly about 80% were able to expire ITM but that would leave 20% that would incur full losses if a trader’s approach was All or Nothing, meaning either it expired ITM or OTM.

Additionally, especially with the currencies that have a ten pip strike width, profit will vary according to how much time is remaining for the binary.  If there is a lot of time remaining, then the profit would only be about 1/2 as much ($20 versus $40) or if it is right at expiration, then price may simply be five pips above the strike to achieve the $45 profit goal.  (Premiums are constantly changing on the binaries.)

Of course it also probably helped that there were fewer market reports this week.  The market reports this week were:

Binary Signals Results - Market Reports 42718

The market reports for next week are:

Market Reports week of May 1st

Notice on Sunday there is a holiday in Japan, Tuesday is a holiday in Europe, followed by Wed. and Thursday holidays in Japan.  Plus, there is the Aussie Cash Rate on Tuesday, FOMC on Wednesday, and Non-Farm Employment on Friday.

The binary signals results do show the power of the TradersHelpDesk indicators, especially when the filters that Gail recommends are used (these are programmed into the strategies that generate the signals).  However, traders should always monitor their trades and never risk more than they are comfortable with.

Some of the signals did go into profit and then turned against the position (quite a few missed the target by a one or two pips).  So the question then is whether to allow the trade to go against you or at least turn the trade into a breakeven trade.  These are decisions that traders must make.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.