The weekly signals results are below, as well as the cumulative weekly results. Additionally, the Bank of Canada Rate Statement will be issued on Wednesday at 10am EDT and there are several speeches by the ECB. The BOJ Gov Kuroda speaks on Sunday at 8:30 pm EDT and the BOK Gov Carney will be speaking at 11:35 am EDT on Wednesday. The only USD major reports will be on Thursday at 8:30 am EDT and Friday is a clear day with no announcements scheduled.
Weekly Signals and the Week Ahead
The ATM OTM Strategy produced 56 trade signals this week. Out of the 56 weekly signals, there were 33 profitable signals and 23 losing signals for an overall profitable rate of 58.93%. The worst day of the week was Tuesday, the day before a major holiday.
The binary signals results do use the following rules for determining whether a trade is profitable or negative:
- 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).
The rules that are used to measure the success or failure of the signals are very specific (outlined above) and require no analysis but it does require that you monitor the trade (ie if the trade moves 8 pips (or 10 pips on the EURJPY, AUDJPY, GBPJPY, GBPUSD)), profit is taken. Otherwise, the trade is counted as a full loss. The signals also trade through market reports (although I forewarn everyone via twitter and email). Additionally, using a 5-minute chart to filter negative trades can be used but does require analysis using either the TradersHelpDesk indicators or the standard Stochastics in Nadex.
The cumulative weekly signals results are 724 total trades. There were 483 profitable trades and 241 losing trades for an overall 67% profitable percentage.
You can sign-up for the binary signals for $199 per month. You do need to have a basic understanding of the binary signals and preferably use the Nadex Binary Options as they are designed to work with the Nadex model. Additionally, while having the indicators is not a requirement, you can filter the signals further by having the indicators and even utilize the Out of the Money binaries, which lowers your risk even further. Plus, if you purchase the Diamond Package, you receive ten hours of personal mentoring with Gail.
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.