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Binary Options System

  • #1
  • First Post: Edited Feb 18, 2013 4:14am Feb 17, 2013 12:45pm | Edited Feb 18, 2013 4:14am
I have been trading binary option (Currency) it seem to be less stressful - You can trade from $5 to $500 or more per option

For me - I look at price on 30 min chart at the and will place on buy(call) or sell (put) that price will close above or below the open price at the end of 30min

example eu - open 13400 -- time 8:00 -- call = price will close above 13400 @8:30 = if it does you win 75%-81% from your investment = invest $10 return =$17.50

Any suggestion - or trading system that will tell me if price will close above or below - base on the above

I came up with this so far.. the system have to be correct only 60% anything above will be pension money


I am thinking using bbands on its singal
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #2
  • Feb 17, 2013 1:28pm Feb 17, 2013 1:28pm
For sure win rate should be greater than 0.6, I'd look at 0.7 and up.

Zamanib, I see a big issue though with developing a trading system for options. That is data, are you able to get option broker data?
  • #3
  • Feb 18, 2013 4:47am Feb 18, 2013 4:47am
Quoting zamanib
I have been trading binary option (Currency) it seem to be less stressful - You can trade from $5 to $500 or more per option

For me - I look at price on 30 min chart at the and will place on buy(call) or sell (put) that price will close above or below the open price at the end of 30min

example eu - open 13400 -- time 8:00 -- call = price will close above 13400 @8:30 = if it does you win 75%-81% from your investment = invest $10 return =$17.50

Any suggestion - or trading system that will tell me if price will close above or below - base on...
Every time someone talks about binaries they talk who much that we can win, but don't say how much do you lose, for example if you invest 10$ would you lose all of those 10$ or just a part?
  • #4
  • Feb 18, 2013 5:22am Feb 18, 2013 5:22am
binary options is a win or lose all...
botsog
  • #5
  • Feb 18, 2013 6:21am Feb 18, 2013 6:21am
Binary Options has an inverted risk to rewards and my opinion not worth it. If you can pick the direction at least 60% of the time which as you say is all that's required why not just use a currency trade and risk a hundred for a hundred every time , you would have a better chance of keeping your investment.

It's the new thing that promises riches. Just join an online casino, you'll be better entertained because at the end of the day you know the house wins and you lose, where as with Binary options people still have that belief they can win where the odds say otherwise.
  • #6
  • Feb 18, 2013 6:22am Feb 18, 2013 6:22am
Hi all:

In my humble opinion trade with binary options is less profitable than forex. In forex you can win with a 20% of winner trades cause your profits are unlimited if you know how manage it.
In b.options you start from a negative r:r and you need at least a system with a minimum 60% or winning trades. Your profit are limited and less than your losses trade by trade.
In forex you dont have time limits. You can enter a trade and price go against you but finally price can do what you wait .
In bynary option you are limited by time. If price is below/above you entry price in a given time you loss. I think this limited your potential profit.

Its my personal opinion.

Regards.
That which you give to others, life will return it in spades
  • #7
  • Feb 18, 2013 6:34am Feb 18, 2013 6:34am
If you want to trade in binary option then go lasvegas.I hate binary, binary fuck me in 10000K. MY ASS IS
STILL RED.
Good thoughts and actions can never produce bad results.
  • #8
  • Feb 18, 2013 6:41am Feb 18, 2013 6:41am
Binary Option scheme was created by casino experts.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • Feb 20, 2013 7:22am Feb 20, 2013 7:22am
Quoting botsog
binary options is a win or lose all...
Not necessarily. There are a couple or more that will let you close early. However, the majority of binary options brokers are indeed scammers. STAY AWAY FROM ANY UNREGULATED BROKERS. For Non-US citizens, IG Markets is probably the best known. For U.S. citizens, only NADEX is regulated in the US. There are a couple of threads below at FF with a lot of discussion. You may also want to check out binaryoptionsdaily DOT com.

http://www.forexfactory.com/showthread.php?t=173735

http://www.forexfactory.com/showthread.php?t=286785
  • #10
  • Feb 20, 2013 7:56pm Feb 20, 2013 7:56pm
Quoting 82nd
Not necessarily. There are a couple or more that will let you close early. However, the majority of binary options brokers are indeed scammers. STAY AWAY FROM ANY UNREGULATED BROKERS. For Non-US citizens, IG Markets is probably the best known. For U.S. citizens, only NADEX is regulated in the US. There are a couple of threads below at FF with a lot of discussion. You may also want to check out binaryoptionsdaily DOT com.

http://www.forexfactory.com/showthread.php?t=173735

http://www.forexfactory.com/showthread.php?t=286785...

Tell them bro -- I wish all the guys who blah blah take a closer look -- I have seen a few people doing well -- I my self did over 17 trades 4 loser 13 winners
my last trade is still open on 1 touch -- euro 13597 or 13142 -- I am lose to the bottom one ---I invest $100 50 each
pay out is 400% -- I hope price hit any end on Friday close -- lets see
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #11
  • Feb 20, 2013 9:05pm Feb 20, 2013 9:05pm
Quoting zamanib
Tell them bro -- I wish all the guys who blah blah take a closer look -- I have seen a few people doing well -- I my self did over 17 trades 4 loser 13 winners
my last trade is still open on 1 touch -- euro 13597 or 13142 -- I am lose to the bottom one ---I invest $100 50 each
pay out is 400% -- I hope price hit any end on Friday close -- lets see
Hey Zamanib. That's great! I don't think most retail traders even realize that the institutions & possibly sovereigns use Touch & DNT (Double No Touch). However, it isn't a get rich quick scheme either, and even the good binary options traders suggest withdrawing the winnings weekly in case the binary broker goes out of business.
  • #12
  • Feb 21, 2013 2:05am Feb 21, 2013 2:05am
Quoting 82nd
Hey Zamanib. That's great! I don't think most retail traders even realize that the institutions & possibly sovereigns use Touch & DNT (Double No Touch). However, it isn't a get rich quick scheme either, and even the good binary options traders suggest withdrawing the winnings weekly in case the binary broker goes out of business.
Yes you are correct -- keep your investment in -- take out your profit. I have pretty decent broker . Also a great agent there . He is very helpful . I am no way promoting them. that's up to traders to do there home work. If any one wants to try I will recommend $250 deposit. and trade only $5 per trade. Try to find a system thats 60-70% correct you will slowly double your account.. then you can go $10 per trade- continue this way.
Never double your trade size. focus on the system that is correct 70%

The main goal for this thread - to find such system that is correct 60-70%-- I invite all of you give youe input.

1. thing I have been using -- look out for high impact news - that show red on ff calender. if there is big difference between actual and forecast. enter in that respective direction - expiration - I set 30min call or put depend on the news good or bad for that currency. this is almost 90% winner.

Example - last week - I stayed up for the NZ retail sales # it was easy winner for me.
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #13
  • Feb 21, 2013 2:15am Feb 21, 2013 2:15am
Quoting zamanib
... Try to find a system thats 60-70% correct you will slowly double your account.. then you can go $10 per trade- continue this way.
As said earlier, if you have a system which is 70% correct, you better trade forex in the usual way.
MT4/MT5 EAs/Indicators/Alerts coder
  • #14
  • Feb 22, 2013 1:20am Feb 22, 2013 1:20am
I would be very careful with Binary Options in general. As other posters have mentioned in this thread - its a lot like gambling
  • #15
  • Feb 22, 2013 6:25am Feb 22, 2013 6:25am
Quoting FerruFx
As said earlier, if you have a system which is 70% correct, you better trade forex in the usual way.
How come? In options if one would use the closes higher/lower option and price ends up 1 pip higher, you have a winner with around 75% payout, but in usual way you would have 1 pip or even 1 - spread. Do you agree with me on this?
  • #16
  • Feb 22, 2013 4:25pm Feb 22, 2013 4:25pm
Quoting candero
How come? In options if one would use the closes higher/lower option and price ends up 1 pip higher, you have a winner with around 75% payout, but in usual way you would have 1 pip or even 1 - spread. Do you agree with me on this?
Go look at the website I posted above. The broker section is laden with a lot of broker complaints, especially from traders having problems once they became profitable. With the exception of Nadex, the spreads are somewhat of a nonissue. Most platforms won't even let you enter a trade if the market is moving fast, with others there are slippage. Options can be profitable for seasoned traders who are already profitable in spot.
  • #17
  • Feb 23, 2013 3:23am Feb 23, 2013 3:23am
you may visit the site recommeded by 82nd if you want to know more about binary options. there are members who are quite profitable and lots of strategies that you van use.
botsog
  • #18
  • Feb 23, 2013 6:16am Feb 23, 2013 6:16am
You are missing my point. I'm well aware of the scam magnitude regarding BO. But in essence BO is more profitable if you have a high winning rate with small gains, small gains as 1-2 pips. You see now? You get more for the 1 pip win in BO as payout rate is 75%, but in spot you only have your measly 1 pip. And yes my statement applies if the BO broker is honest, doesn't manipulate price and fills, there is no slippage or spread. BTW, how the hell can they introduce slippage and spread if you are not buying the asset but betting on the direction of it?

Quoting 82nd
Go look at the website I posted above. The broker section is laden with a lot of broker complaints, especially from traders having problems once they became profitable. With the exception of Nadex, the spreads are somewhat of a nonissue. Most platforms won't even let you enter a trade if the market is moving fast, with others there are slippage. Options can be profitable for seasoned traders who are already profitable in spot.
  • #19
  • Feb 23, 2013 8:19am Feb 23, 2013 8:19am
Quoting candero
You are missing my point. I'm well aware of the scam magnitude regarding BO. But in essence BO is more profitable if you have a high winning rate with small gains, small gains as 1-2 pips. You see now? You get more for the 1 pip win in BO as payout rate is 75%, but in spot you only have your measly 1 pip. And yes my statement applies if the BO broker is honest, doesn't manipulate price and fills, there is no slippage or spread. BTW, how the hell can they introduce slippage and spread if you are not buying the asset but betting on the direction of...
Only in theory can you consistently can you be certain of the 1 or 2 pip gain. If the market really starts moving, you will get a "price has changed" message on the binary platform with several brokers when trying to buy a call/put, or a delay in execution of 1 or more seconds with other brokers. Furthermore, most brokers quote the average price of bid/ask from a large price service like Reuters or Bloomberg. How are going to argue such a small difference and win if they are averaging the price at expiry?
Like I said before, I am only 1 trader......therefore, I keep directing you to the website I posted above for a more rounded overview of the benefits and dangers of binary options. One of the largest binary options brokers has recently come under advisory warning from Cysec. I'll leave it to you to investigate. As a US citizen, I have fewer choices, so NADEX has been the most reliable so far.
  • #20
  • Feb 23, 2013 9:50am Feb 23, 2013 9:50am
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.

Quoting 82nd
Only in theory can you consistently can you be certain of the 1 or 2 pip gain. If the market really starts moving, you will get a "price has changed" message on the binary platform with several brokers when trying to buy a call/put, or a delay in execution of 1 or more seconds with other brokers. Furthermore, most brokers quote the average price of bid/ask from a large price service like Reuters or Bloomberg. How are going to argue such a small difference and win if they are averaging the price at expiry?
Like I said before, I am only 1 trader......therefore,...
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