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Binary Options: Your Success Rate?

  • #1
  • First Post: Jan 23, 2015 4:16pm Jan 23, 2015 4:16pm
What is your binary options success rate?
Not financial advice. For testing purposes only. Do not use on live account
  • #2
  • Jan 23, 2015 4:19pm Jan 23, 2015 4:19pm
Mine; 55.4%.

I use various indicators, all with very short time (2,3) settings, mix into one overview chart. I counter-trade the peaks/bottoms and also watch trendlines, PSAR and a few others things.

Lessons learned?
* Countertrends are okay. If you have patience to wait for the right setup/
* Going with the trend may be very interesting. Why don't I do it more?
* PSAR, in cTrader, 1 tick chart, with the right settings is great.

Share your findings!
Not financial advice. For testing purposes only. Do not use on live account
  • #3
  • Jan 23, 2015 4:31pm Jan 23, 2015 4:31pm
depends what your lookin at for success ratio

win/lose ratio ?

The money you have been able to withdraw from the crock brokers ?

The total amount of money you have made ?


Who do you trade with ?
Learn, a forex trader must, unlearn and relearn he will.
  • #4
  • Jan 23, 2015 4:41pm Jan 23, 2015 4:41pm
highest number of wins in a row is 6 before a record a loss.
lets just say, it varies, depending on lots of factors
FRK
  • #5
  • Jan 23, 2015 4:42pm Jan 23, 2015 4:42pm
Quoting COGSx86
depends what your lookin at for success ratio win/lose ratio ? The money you have been able to withdraw from the crock brokers ? The total amount of money you have made ? Who do you trade with ?
There are some good brokers out there. some of the bigger firms are offering binary options. Duka and IG are offering binary options
MY SITTING, NEVER MY THINKING!
  • #6
  • Jan 23, 2015 4:45pm Jan 23, 2015 4:45pm
Quoting merrygold
{quote} There are some good brokers out there. some of the bigger firms are offering binary options. Duka and IG are offering binary options

ya IG is an exchange i dont have a problem with tme, or NADEX they are great for trading binary options both being exchanges you arent up against the house
Learn, a forex trader must, unlearn and relearn he will.
  • #7
  • Jan 23, 2015 10:58pm Jan 23, 2015 10:58pm
IG here too. But I think you're still up against the house
Not financial advice. For testing purposes only. Do not use on live account
  • #8
  • Jan 23, 2015 10:59pm Jan 23, 2015 10:59pm
Quoting COGSx86
depends what your lookin at for success ratio win/lose ratio ? The money you have been able to withdraw from the crock brokers ? The total amount of money you have made ? Who do you trade with ?
Win/lose yes.

Have you had that many issues with withdraws?
Not financial advice. For testing purposes only. Do not use on live account
  • #9
  • Jan 23, 2015 11:00pm Jan 23, 2015 11:00pm
In terms of actual money; there is something like a system though. For example; start with $100>win>win>win>new $100>lose>new $100 etc.

I tend to try to get 3 winners in a row, each time re-investing all. This is a martingale, but a positive one, I never would want to martingale to recover losses. Any other ideas?
Not financial advice. For testing purposes only. Do not use on live account
  • #10
  • Jan 24, 2015 3:39am Jan 24, 2015 3:39am
Quoting COGSx86
{quote} ya IG is an exchange i dont have a problem with tme, or NADEX they are great for trading binary options both being exchanges you arent up against the house
I don't think that IG BO's operate as exchange. Look at their ladder or OT spreads.
  • #11
  • Jan 24, 2015 5:30am Jan 24, 2015 5:30am
Quoting roel13
What is your binary options success rate?
My strategy has had a winning rate of (about) 55% so far.
Trading is the hardest way to make easy money...
  • #12
  • Jan 24, 2015 9:28am Jan 24, 2015 9:28am
I feel like a goof now, I just assumed they were because NADEX is a part of them. And I guess I give them more respect because they have been around for 40 years regulated in the UK compared to all the other crock brokers. And Assume people wouldn't have a hard time withdrawing from them. I say that because I have yet to find a broker that doesn't have a negative review and people not being able to withdraw money.



Quoting srmfx
{quote} I don't think that IG BO's operate as exchange. Look at their ladder or OT spreads.
Learn, a forex trader must, unlearn and relearn he will.
  • #13
  • Jan 25, 2015 1:55am Jan 25, 2015 1:55am
Quoting COGSx86
I feel like a goof now, I just assumed they were because NADEX is a part of them. And I guess I give them more respect because they have been around for 40 years regulated in the UK compared to all the other crock brokers. And Assume people wouldn't have a hard time withdrawing from them. I say that because I have yet to find a broker that doesn't have a negative review and people not being able to withdraw money. {quote}
You will not have problems with withdrawing. They've increased the spreads of most of their binary options during the last year. A few months ago their spreads were higher than the spreads at Nadex. This is the clear sign that Nadex is an exchange while IG is not.
  • #14
  • Jan 26, 2015 1:04am Jan 26, 2015 1:04am
Quoting srmfx
{quote} You will not have problems with withdrawing. They've increased the spreads of most of their binary options during the last year. A few months ago their spreads were higher than the spreads at Nadex. This is the clear sign that Nadex is an exchange while IG is not.
Spreads are not applicable on sprint market binary options (1M, 2M, 5M, 20M, 60M). I have also yet to see any "tinkering" with spreads like other BO brokers may do. I review some trades closely, and using data from another broker (tick data, with spread), IG still matched PERFECTLY (i.e. near perfect match on the tick). I was very impressed.
Not financial advice. For testing purposes only. Do not use on live account
  • #15
  • Jan 27, 2015 12:03am Jan 27, 2015 12:03am
Quoting roel13
{quote} Spreads are not applicable on sprint market binary options (1M, 2M, 5M, 20M, 60M). I have also yet to see any "tinkering" with spreads like other BO brokers may do. I review some trades closely, and using data from another broker (tick data, with spread), IG still matched PERFECTLY (i.e. near perfect match on the tick). I was very impressed.
I was talking about the other types of binaries such as ladders and OT.
  • #16
  • Jan 27, 2015 1:58am Jan 27, 2015 1:58am
Quoting srmfx
{quote} I was talking about the other types of binaries such as ladders and OT.
Ah yes
Not financial advice. For testing purposes only. Do not use on live account
  • #17
  • Jan 27, 2015 2:05am Jan 27, 2015 2:05am
Wow, I just had some success I have to share. See these older threads;

https://www.mql5.com/en/articles/55
http://translate.google.com/translat...m/ru/code/9729
https://translate.googleusercontent....Apn9Q3MynOhsIw

They have a NN tool called UGAlib, which can be modified to find optimal values for parameters. You can finetune everything, for example iRSI period, compare value, binary option expiry (just compare close[i] to close[i-5] or something).

Been playing around with only iRSI and already seeing ~60% values (1 signal every 2 hours), which when run on another data set (200k 1M bars) gives still 58%. This looks great.
Not financial advice. For testing purposes only. Do not use on live account
  • #18
  • Jan 27, 2015 11:56am Jan 27, 2015 11:56am
Quoting roel13
Wow, I just had some success I have to share. See these older threads; https://www.mql5.com/en/articles/55 http://translate.google.com/translat...m/ru/code/9729 https://translate.googleusercontent....Apn9Q3MynOhsIw They have a NN tool called UGAlib, which can be modified to find optimal values for parameters. You can finetune everything, for example iRSI period, compare value, binary option...

Im sorry when you say 58% and 60% what are you referring to ?
Learn, a forex trader must, unlearn and relearn he will.
  • #19
  • Jan 27, 2015 3:06pm Jan 27, 2015 3:06pm
Quoting COGSx86
{quote} Im sorry when you say 58% and 60% what are you referring to ?
% Correct trades based on Close-to-Close[x] compare (where x is the binary option expiry time), on EURUSD M1, tested accross 250k bars (~6 months of data) based on some easy formula (just playing around with iRSI and iMA only atm), all auto-optimized with UGA.

For anyone who seriously starts playing with this, ping me and we'll have a Skype call.
Not financial advice. For testing purposes only. Do not use on live account
  • #20
  • Jan 27, 2015 3:09pm Jan 27, 2015 3:09pm
An example
Attached Image (click to enlarge)
Click to Enlarge Name: v7_example_58%.png Size: 16 KB
Not financial advice. For testing purposes only. Do not use on live account
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