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Binary Trading made simple

  • #81
  • Edited 1:46pm Jun 21, 2014 1:19pm | Edited 1:46pm
I develop a method to trade Binary more easier than the one I teach earlier on, tested and proven

( i did it with my current broker because I still got some extra cash not withdrawn out yet)

Although they add extra 0.5 spread, the edge is still for me because my entry was done at higher movement whereby the 0.5 don't affect much.

I am starting to stop trading with my current broker and withdrawing out all the money, I am also waiting for ig market physical mail

but would like to hear more about how igmarket works, do they offer 5,10 or 20 minutes binary expiration ?


Special Thanks to iMike for introducing more about IG market to me, I will try start trading with ig in early july, as I need finish my documentation before I can get approved
Learn to Trade is Important. Keep your bias & ego aside.
  • #82
  • Jun 21, 2014 2:49pm Jun 21, 2014 2:49pm
Hi @chaosbun,

by chance I have occupied myself in the last time with binary trading.
The experience with the brokers is bad... They take the money quickly and give back very difficult, calculate unauthorized charges etc.

Maybe you test clmforex_com
Very interesting is that you can trade directly from Metatrader and you can also trade with EAs!
  • #83
  • Jun 21, 2014 11:20pm Jun 21, 2014 11:20pm
Quoting SwingMan
Hi @chaosbun, by chance I have occupied myself in the last time with binary trading. The experience with the brokers is bad... They take the money quickly and give back very difficult, calculate unauthorized charges etc. Maybe you test clmforex_com Very interesting is that you can trade directly from Metatrader and you can also trade with EAs!
Hi SwingMan, I understand your point of view, as it seems so with my current broker.

Did you have any issue with ig market or nadex etc as I see they are like quite reputable and regulated.
Learn to Trade is Important. Keep your bias & ego aside.
  • #84
  • Jun 22, 2014 1:57am Jun 22, 2014 1:57am
No, I had other brokers.
Regulated means nothing, because it is only a membership.
For a broker I had contacted CySec and have no answer received until to date.

I recommend to read on ForexPeaceArmy user reports about binary brokers.

Try the trading technic with a demo account on clmforex. Some ideas can be automate, not complete EAs, but semi manual.
I might also post here some indicators for binary trading, and if you need anything please post.
  • #85
  • Jun 22, 2014 1:57pm Jun 22, 2014 1:57pm
Quoting SwingMan
No, I had other brokers. Regulated means nothing, because it is only a membership. For a broker I had contacted CySec and have no answer received until to date. I recommend to read on ForexPeaceArmy user reports about binary brokers. Try the trading technic with a demo account on clmforex. Some ideas can be automate, not complete EAs, but semi manual. I might also post here some indicators for binary trading, and if you need anything please post.
please share your indicators, same as OP.
  • #86
  • Jun 25, 2014 1:48am Jun 25, 2014 1:48am
Quoting chaosbun
I develop a method to trade Binary more easier than the one I teach earlier on, tested and proven ( i did it with my current broker because I still got some extra cash not withdrawn out yet) Although they add extra 0.5 spread, the edge is still for me because my entry was done at higher movement whereby the 0.5 don't affect much. I am starting to stop trading with my current broker and withdrawing out all the money, I am also waiting for ig market physical mail but would like to hear more about how igmarket works, do they offer 5,10 or 20 minutes...
Hi Chaos, are you getting comfortable with the IG'splatform? Have you done some testing?
  • #87
  • Jun 25, 2014 1:52am Jun 25, 2014 1:52am
Quoting SwingMan
No, I had other brokers. Regulated means nothing, because it is only a membership. For a broker I had contacted CySec and have no answer received until to date. I recommend to read on ForexPeaceArmy user reports about binary brokers. Try the trading technic with a demo account on clmforex. Some ideas can be automate, not complete EAs, but semi manual. I might also post here some indicators for binary trading, and if you need anything please post.
Hi SwingMan, thanks for your collaboration. Would you share with us yours indicators so we can test it and create a good tecnique for binary options. Thank you very much.
  • #88
  • Jun 26, 2014 6:49am Jun 26, 2014 6:49am
Quoting ilMike
{quote} Hi Chaos, are you getting comfortable with the IG'splatform? Have you done some testing?
Was not able to trade binary this week as I got some commitment in life.

I will try get ig approve my account by next week.
Learn to Trade is Important. Keep your bias & ego aside.
  • #89
  • Jun 30, 2014 9:43am Jun 30, 2014 9:43am
IG market does not have short term binary trading due to limitation of my country .

Might need find another broker which can works.
Learn to Trade is Important. Keep your bias & ego aside.
  • #90
  • Jul 1, 2014 1:57pm Jul 1, 2014 1:57pm
@ chaosbun
if you already have a profitable stategy why don't you stay with it?.. the 5. deciimal base martingale stategy is very risky and will blow your account sooner or later. I made a back test.
  • #91
  • Jul 3, 2014 7:51am Jul 3, 2014 7:51am
Today result trading binary with 1 of my spot forex broker which offer binary too.

Payout not high, about 80-82% but fair system.

Attached Image (click to enlarge)
Click to Enlarge Name: aaafx.jpg Size: 130 KB
Learn to Trade is Important. Keep your bias & ego aside.
  • #92
  • Jul 3, 2014 9:16am Jul 3, 2014 9:16am
Hi,

Thanks for the method.

This is how I see it:

Call if: daily trend is down and hits new low

Put if : daily trend is up and hits new high

Please let me know what I have missed
  • #93
  • Jul 3, 2014 9:30am Jul 3, 2014 9:30am
Quoting craig811
Hi, Thanks for the method. This is how I see it: Call if: daily trend is down and hits new low Put if : daily trend is up and hits new high Please let me know what I have missed
Trend line, support & resistance , higher high higher low. Vice versa
Learn to Trade is Important. Keep your bias & ego aside.
  • #94
  • Edited 12:56pm Jul 3, 2014 12:27pm | Edited 12:56pm
Quoting chaosbun
GU forming lower high. {image} So i went for a short.
Do you happen to know the name of the white arrow indicators is?
  • #95
  • Jul 3, 2014 1:56pm Jul 3, 2014 1:56pm
Chosbun,
I think many want to ask you what is Binary Trading rather than about how you trade it. Google can help but however a professional's words will be even more simple and helpful I guess. If we win, who is losing the money in the other end. How does the broker make money.
  • #96
  • Jul 3, 2014 3:54pm Jul 3, 2014 3:54pm
hi chaosbun,

congrats for ur results.

which one is the broker from first ss?
  • #97
  • Edited 12:33am Jul 4, 2014 12:00am | Edited 12:33am
Quoting leancuisine
{quote} Do you happen to know the name of the white arrow indicators is?
Oh.. that 1 is genesis system. Its at the trading system of forexfactory.

Quoting Xiaofeng
hi chaosbun, congrats for ur results. which one is the broker from first ss?
Quoting pannet1
Chosbun, I think many want to ask you what is Binary Trading rather than about how you trade it. Google can help but however a professional's words will be even more simple and helpful I guess. If we win, who is losing the money in the other end. How does the broker make money.

For now I am using AAAfx, take note I din't give any affiliate link or what. I am just using it because it happen to offer binary option
and I used to use it for Zulutrade signal provider service.


Well the binary payout around 80%, I am doing GBP/USD short for now and expiration at 15 minutes.



What is binary trading?

Actually this is quite easy , you can google the answer, for short it is like spot forex in some way.

You guess the price will go up or down from the time you enter the position, till the expiry of the trade (for me I am using 15 minutes).


Payout is like 80% of your investment, if you lose, you lose 100%, it seems like a bad odd? But at least even a pip win is a 80% win.

Depend how you manage your money.

Who is losing, I think the broker is winning no matter you bet what side, answer is easy.


Trader A buy Higher
Trader B buy Lower


If trader A win and trader B lose, the broker pay 80% to trader A while make 100% from trader B, overall still earn 20%.

Not to forget the very basic idea of 95% trader lose while 5% win, this statistic is quite true to a extent, and binary is near to gambling than spot forex is.

However its all depend on an individual. People such as me, got very bad TP and SL for spot forex management, but doing better at Binary because its short & simple, give me 1:0.8 risk reward even its just a pip win.


For me, I prefer use spot forex broker with binary service than just pure binary service like 24options.

24options(my old broker) turn shady after I start profiting. They give bonus and many attractive promotions, but they add "spread" to my position which make me harder to win.

Many binary only broker give you bonus while asking you to trade 20-50x of the bonus to unlock it, in that process of unlocking, the amount of comission they earn is much more than the bonus they give you, and also they could add "spread" to your position just like they do to mine.

Luckily for me, I manage withdraw all my money with them and now starting over at AAAfx.

Since you guys ask me, then I give more feedback about my scenario.


-----

There are many scam broker providing binary only option which is very difficult in withdrawing, and they got their own way of "adding spread", or avoiding you when you want to withdraw. So be careful and not walk the wrong way of binary trading.

Broker who offer spot and binary is probably

Dukascopy ( do have spread, but payout is higher around 90% - transparent spread)
AAAfx ( no spread, payout around 80% )


This is the 2 that I setting up account with, and going to trade for a moment with them.


Broker with bonus, promotions, first time deposit sort of, are to be avoided at all cost.


Anyway binary does not assured winning also, its all about the discipline and entry
Learn to Trade is Important. Keep your bias & ego aside.
  • #98
  • Jul 4, 2014 1:38am Jul 4, 2014 1:38am
Wow Chao,
Great explanation. I myself do not like to do gambling or betting, but yes, i am OK with the word speculating. I think there is only fine line separating them, atleast for outsiders. Also I hear Forex trading is not allowed in Singapore or something like that. Then I also know that Singapore Laws are very strict. So what is the correct scenario.

Quoting chaosbun
{quote} Oh.. that 1 is genesis system. Its at the trading system of forexfactory. {quote} {quote} For now I am using AAAfx, take note I din't give any affiliate link or what. I am just using it because it happen to offer binary option and I used to use it for Zulutrade signal provider service. Well the binary payout around 80%, I am doing GBP/USD short for now and expiration at 15 minutes. What is binary trading? Actually this is quite easy , you can google the answer, for short it is like spot forex in some way. You guess the price will go up or...
  • #99
  • Jul 4, 2014 2:56am Jul 4, 2014 2:56am
Quoting chaosbun
Today result trading binary with 1 of my spot forex broker which offer binary too. Payout not high, about 80-82% but fair system. {image}
Nice results mate, very impressive. I also trade binary options with mixed result. in other to serve time, i'll go straight to the point. I like your trading method as i am practising to be a pure price action trader with less indicator. you can really do well in teaching us your method. i have seen many people with good system that cant really teach other people how their system works and at the end will get angry that people are not intelligent when the truth to the matter is, the can't teach. So you can be ahead of this bad teachers. i am willing and ready to learn from you. I learn very fast when i see trade examples, with detailed explanation why you prefered that setup. Secondly, pls upload your indicator and templete, so we can have the same chart as yours. it will really help. looking forward to reply. before i forget, i have just open sonic and genesis thread to see what the have, mehn, the pages are much. cheers
  • #100
  • Jul 5, 2014 2:43am Jul 5, 2014 2:43am
Quoting chaosbun
Today result trading binary with 1 of my spot forex broker which offer binary too. Payout not high, about 80-82% but fair system. {image}
I'm really happy to see your result!!! looks incredible! I was trying to look on MT4 the entries that you post and share the screen here, but the picture you posted shows the "start time" in your area, I guess. What time zone are you?
I would like to post here some screen of your entries so that me and other guy can do some studies If you agree
Thanks Chaos to show us how you make trading with binary options, I'm sure that this is the only right way to trade with BO!
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