The forex results for the binary signals is posted below. Today was also a losing day.
Forex Results Using Binary Signals for this Week
There were a total of eleven trade signals – 5 winners and six losers for a winning percentage of 45.45%. There were no trade signals during Asia, four during London (all 4 lost), and seven during the US session (five winners and two losers).
Although today was a losing day, according to the rules, the winning percentage for the week so far is 60% (40 trades, 24 winners and 16 losers). Plus, 75% of the trades have expired in the money (18 out of 24).
Trading may be very slow tomorrow as Monday is Memorial Day and some will be taking off for a four day weekend. Therefore, we could have another losing day. However, not every week can be a winning week.
Also, remember the forex results are based on an automatic strategy and the trader should follow the rules below:
- Always use a two-hour binary option that has a minimum of six 15-minute bars remaining (an hour and a half), although some of the signals will only have five bars, they are still measured in the results.
- When the signal is sent, choose the ATM binary and set a limit order of $45 for longs or $55 for shorts.
- On the EURUSD, USDJPY, AUDUSD, GBPUSD, and USDCHF, if price moves two strikes in your favor, then consider taking profits (strategy takes profit).
- On the EURGBP, GBPJPY, and EURJPY, if price moves one strike in your favor, then consider taking profits (strategy takes profit).
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.