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Binary Options: Is this possible? 15 replies

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Binary Options System

Quoting candero
Sure, my view works well in theory, but if we make it more reasonable, say gain of 5 pips, it doesn't change the fact that BO can produce more than spot.

Regarding the small difference in price and argument - argue what? Whether it's in the money or out of the money? I don't argue on the latter.

Thank you for your link, it was well known to me before, too, when I researched the topic! All in all everyone will make their own decisions, whether they learn from other people's mistakes or not.
No problem. I'm assuming you have a good grasp of proper MM if you're not worried about losing a few trades here and there. One of the other factors that dissuaded me from pursuing daily binary options with offshore brokers was the fact that CherryCoke, one of their most successful binary options traders for a couple of years, has decided to minimize her exposure to binary options, and trades more vanilla options now.

For me, everything depended on how I chose to utilize my trading day, and I suffered way more requotes or even an inability to get into a trade with binary brokers versus spot. The starter of this thread must have an entirely different experience with offshore broker(s) than I.
CherryCoke is a very interesting phenomen! She has very effectively taken advantage of the vast amount of followers, but the problem is that those who choose a broker after her are going to get shafted at some point. She's like a perfect cover for brokers - her success is broker's best advertisment, it's a win-win for Cherry and brokers. But I admire her honesty in telling openly how she deals with the brokers - by using her name and the amount of followers to have a positive impact on her trading.

Quoting 82nd
No problem. I'm assuming you have a good grasp of proper MM if you're not worried about losing a few trades here and there. One of the other factors that dissuaded me from pursuing daily binary options with offshore brokers was the fact that CherryCoke, one of their most successful binary options traders for a couple of years, has decided to minimize her exposure to binary options, and trades more vanilla options now.

For me, everything depended on how I chose to utilize my trading day, and I suffered way more requotes or even an inability to...
Quoting candero
CherryCoke is a very interesting phenomen! She has very effectively taken advantage of the vast amount of followers, but the problem is that those who choose a broker after her are going to get shafted at some point. She's like a perfect cover for brokers - her success is broker's best advertisment, it's a win-win for Cherry and brokers. But I admire her honesty in telling openly how she deals with the brokers - by using her name and the amount of followers to have a positive impact on her trading.
Interesting point of view, and one which I had not considered. I once asked her if she thought the majority of binary brokers were market makers for their own book, and did not get a complete answer.
Not Bad-- 32 trades 11L 21W Some loss could have be avoid if I had stick to my system - never the less - if you know what you doing and have decent system 65-75% winning then you make some easy profit.

I know some one make 70k with a 10k account - and has zero experience.

I still like the BO -- I find much better then forex spot

This is all my trades -- which are on partime basis -
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Quoting zamanib
I know some one make 70k with a 10k account - and has zero experience. That what change me to binary Lol
Knowing someone who is profitable won't necessary make you profitable ...
MT4 EAs/Indicators/Alerts coder
Quoting FerruFx
Knowing someone who is profitable won't necessary make you profitable ...
Well I am profitable - not because of someone.
As you can see my report.

And why you pick on the point that has no value -- why don't pick on the report -- you can't ha

No worries brother - to my ways and you to your ways

All I am saying if you have 60% winning system - base on price close above or below open price on every 30min candle - then you will be profitable.

Note I did not say 60% forex spot winning system -- there is difference. because price could move in you direction after it went against you for 1hr or 2hr where as BO game is over after 30min
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Purpose of this thread not to fight - but come up with 60% or more winning system that price will close below or above on 30min candle.
The system does not have to be for every candle -- Please post any system you have - we can all share and come up with a final one

NOTE -- I WILL NOT RECOMMEND ANY BROKER PLEASE DO YOUR HOMEWORK
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Quoting zamanib
Well I am profitable - not because of someone.
As you can see my report.

And why you pick on the point that has no value -- why don't pick on the report -- you can't ha
You didn't get my point.

What you said in your 1st post (the one I was refering to) makes no sense. See below:

Quote
I know some one make 70k with a 10k account - and has zero experience. That what change me to binary Lol
You changed to binary because someone is profitable. You should have said: you changed to binary because you will be profitable with your system/method ...
MT4 EAs/Indicators/Alerts coder
This indicator seem to be working about 60-65% try it out demo it. (there is not demo option account) you can paper trade before go on real account do 100 trades see what the result.
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Not Bad today 5 win 1 loss
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Zamanib, how well does the price feed line up with what you see in MT?

And any chance you have a source for your indi (given I find an opening in my work schedule, I might put it through a good backtest)?

Other than that you have a nice roll going there, good luck with it!

Thanks!
I will try to find it- MT4 fxsol - not bad 1 or 2 pips the most in difference




quote=candero;6473159]Zamanib, how well does the price feed line up with what you see in MT?

And any chance you have a source for your indi (given I find an opening in my work schedule, I might put it through a good backtest)?

Other than that you have a nice roll going there, good luck with it!

Thanks![/quote]
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
I am looking for something like this too. Have you tried some usual trading systems posted here, looking for entry signals? For example I am looking now at Genesis Matrix to see if the entries are good enough
First let me say that I have nothing against Binary Options. I traded them briefly last year with a little success turning $250 into $800 in only 3 days. I then lost it all in one day. All due to Greed.

My main problem with Binary Options is it is to much like gambling. At least it is for me. Also finding a Binary Option broker who will actually pay out. I have read to many horror stories of brokers who won't pay. I also read where basically anyone with $20k can open there own Binary Options brokerage. Not sure if that is true or not but if it is then that is kind of scary to me. That's my 2 cents. Good luck everyone!
Been trading bins for over a year now. Marketsworld was the broker of choice since they had nice 5 min expires. But now the payouts are shit. What used to be 95% is now down to 70's sometimes.

In short bins are getting crushed because if you know how to trade them you can make 20k a day
David (bod owner does this)
CC cherrycoke another who can and does this
SmartbumFx another who does this
few other no name guys over at binaryoptionsdaily as well.

I would say if your looking for options go with nadex. or iG both are regulated and while they are not true buy/sell button style trading its the best your going to get and they won't steal your cash.

to Z i say stay on your course and good luck. You can make a lot of money fast with bins just make weekly with draw request so your not likely to lose your money.
Quoting adsanders
First let me say that I have nothing against Binary Options. I traded them briefly last year with a little success turning $250 into $800 in only 3 days. I then lost it all in one day. All due to Greed.

My main problem with Binary Options is it is to much like gambling. At least it is for me. Also finding a Binary Option broker who will actually pay out. I have read to many horror stories of brokers who won't pay. I also read where basically anyone with $20k can open there own Binary Options brokerage. Not sure if that is true or not but if it...
IT could be gambling - if you have no idea clue or no system.

There are profitable ways-
I look hard at 15min chart - you need win 36/96 - price will close above/below - this is very easy to achieve
30min 18/47
1hr 9/23
Guys look hard at these chart - you dont need any indicator -- I am sure we can come up with something.

Let say you trade $30 per trade every 1hr 9*52 = 468
14*30=420
48net
If you win 10 or 11 or 12 bonus for you. (9) in minimum to win

paper trade it try it

Do your home work on what broker to try
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
Quoting tommbstone
Been trading bins for over a year now. Marketsworld was the broker of choice since they had nice 5 min expires. But now the payouts are shit. What used to be 95% is now down to 70's sometimes.

In short bins are getting crushed because if you know how to trade them you can make 20k a day
David (bod owner does this)
CC cherrycoke another who can and does this
SmartbumFx another who does this
few other no name guys over at binaryoptionsdaily as well.

I would say if your looking for options go with nadex. or iG both are regulated and while they...
Thank you bro. thanks for all the info
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • Post# 38
  • Quote
  • Feb 27, 2013 4:41am | Edited at 4:46am – add info
Quoting zamanib
Thank you bro. thanks for all the info
100% correct PA (price action) is king when it comes to binary. You just have to have the right direction and time for it to move your way. Only entry is supper important. Nadex is different animal but again if you want real trading and a real broker who don't play games and steal your money go with nadex or IG for you overseas guys


I hope you come up with a good binary system. I have a bdb account which has 10min eu expires the rest are 15 which i think is better.
24options are sharks, great platform but i hate all the phone calls asking why I want to withdrawal my money. Excuse me? Its my money... snakes... they are also all 15min or 30: expires.

I'm still with MW, Goptions not so good. big snakes. Knockoptions is looking good so far. Not all will take usa peeps due to dodd frank crap.

But if you come up with a good system I'll try it.

Right now I'm using mbfx stuff. Big thread on it over at Binaryoptionsdaily

also a big skype room with binary traders.

Best of luck.

oh and yes marketsworld does have free demo accounts i have to think on it but I'm sure a few others may but yes most require a deposit of some kind 250 and up to have a free demo.
Quoting tommbstone
but i hate all the phone calls asking why I want to withdrawal my money.
Typical scams question ...
MT4 EAs/Indicators/Alerts coder
Quoting FerruFx
Typical scams question ...
Stay focus on a making a system that work -- we will deal with broker issue in next thread or later -- I saying it again the main purpose of this thread for a good system -- no a good broker (please do your homework on broker all are you are smart enough)
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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