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Binary Options Winning Strategy

Feb 17

Binary Options Winning Strategy

“Binary Options Winning Strategy”

 I  had wondered whether to continue my blog on trading Binary Options or if I should give it up. I have decided not only to continue, but to fill in the ‘blanks’ of where I have been since mid-December. Yes, I have been trading, but I wasn’t sure if I had anything useful to pass on until now.

Before I go back and fill in the blank periods since December 2012 with helpful information – To summarize  my experience trading binary options has been hell. In fact, although the title of this post is ‘Binary Options Winning Strategy’ I have not tested it enough to be absolutely rock certain on this either – The real tests with real money begin today. But over the last few weeks, I have been cheated, scammed, taken for a ride, given promises that were not kept – And I’ve lost a few thousand pounds in the process – It’s been an expensive education, let me tell you.

So what is this ‘Winning Strategy’ ?

I have been trading for some weeks with other people who I have met on my travels, These are ordinary guys, like myself, who are trying to find a consistent way to profit from trading Binary Options. We formed a group called GSVC, which stands for ‘Guys Signal Verification Chat’ – We used the Skype chat room to verify the strength and validity of signals we were receiving prior to placing money trades on them. After all, we can’t trust the brokers, can we?

One of the guys in ‘the room’ came across a video on YouTube by a chap called Jeff Glenellis. We didn’t pay too much attention to this at first, after all, we all know how much utter nonsense in on YouTube professing to have the winning strategy. However what made this particular video intriguing was that the guy who made it didn’t ask for any money, he didn’t want us to click on an affiliate link – He didn’t even want our email address – He just wanted to pass on some useful information. This piqued our interest immediately.

But what followed was a rather interesting binary options winning strategy based on RSI and Stochastic indicators. When used specifically with a 15 minute chart, when specific conditions are formed, it was possible to enter a trade and win that trade, on average, 75% of the time. Here’s the video re-produced here:

Of course no strategy will win 100% of the time, you are going to have losses some of the time. But as long as we’re getting it right more than 58% of the time, we’re going to profit and grow our trading accounts. I can tell you that in my few days testing so far, I have had success greater than 75% – More along the lines of 85% – But I stress this is early days yet – I need a longer period of time to provide a better sample.

Rather than repeat his explanation, I have embedded the video here for you to watch. I plan on recording a live execution of the trades using this strategy in the near future. Perhaps if anyone else is watching the video and has questions, they can ask in the comments and perhaps I can include it in my forthcoming video piece.

But for now, enjoy watching perhaps the only video with a real binary options winning strategy that I have come across in my entire period trading binary options.

Note: You can read the text version of how to apply this strategy on my ‘Strategies’ page here.

15 comments

  1. Watty Sinclair /

    Hello Kris,
    Just started out myself on Binary Options so thanks for the blog info as it’s been very helpful.
    I’ll look into the method you just posted.
    Good luck in your trading.
    regards
    Watty

  2. Watty Sinclair /

    Hello Kris,

    Watched the videos and setup MT4 ok but the actual application of the strategy would provide a clearer picture. Maybe it’s my inexperience but I mwouldn’t be 100% sure how to apply the methosd in realtime ?
    regards
    Watty

  3. Hi Watty,

    I’ve personally found this strategy to be most successful during the Asian session. The trick is, as Jeff mentions, to wait for the ‘elbow’ part of the RSI to form before taking the trade.

    You can confirm using the Stochastics indicator if you like, but to be honest – that is already going to be in agreement by the time the 90-degree angle has formed. The trick is getting into the trade early enough such that you haven’t left it too late – Be wary of some retrace on the present candle – But if the momentum is strong enough, it wouldn’t retrace enough to land you OTM.

    At the same time, you need to make sure you don’t go too early such that the angle has not formed properly and the trade reverses on you.

    I’ll admit – the entry is tricky. I did write to Jeff personally about this. This is what he said in his email back:

    QUOTE from JEFF:

    “The method itself is based on some very basic assumptions about trading, the foremost being whenever any commodity, including currency reaches an over sold or overbought state, a correction to that condition is likely to occur sooner rather than later. Currency can either range (about 60 % of the time) break out of that range (about 10% of the time) or trend (about 30% of the time). Breakouts are the only time a correction is less likely to occur in the near term, so that means 90% of the time (more or less) this method should work.

    That does not mean you will win 9 out of every 10 trades. It just means in the long run, you’ll win far far more than you’ll lose. But any one trade can go the wrong way for a variety of reasons.

    As for as when should you get in, I put up a 1 minute chart alongside my 15 minute chart, and when I reach overbought/oversold territory on the 15M chart, I look at the 1M chart and wait for the blue Stochastic line to cross the red, indicating price is moving away from overbought or oversold territory, and at that point it is time to get in. It may happen a minute after the original 15M candle closes, or it may be several minutes later.

    Or it may not happen at all, and in that case you just wait for the next signal.”

    I hope this helps you and others, Watty – It would seem to me that he doesn’t actually wait until the angle is formed properly, he checks the 1M Stochastics ‘when the price is entering overbought or oversold terriory’ – That to me means that the price goes over the 75 or under the 25 lines on the RSI indicator.

    Good luck – Try it on a demo account until you’ve mastered it! Let me know how you get on!

    //Kris
    Site Admin
    kris@cogbay.com

  4. Watty Sinclair /

    Thanks Kris,
    I was wondering about the angle forming and maybe was too focused on that.
    I’ll have a look more carefully on MT4 and a demo account in the next few weeks to see if I can get a feel for it.
    Are you tradng this method at the moment ?
    I’ll keep you updated on how things go.
    regards
    Watty

    • Hi Watty,

      I am using RSI as my primary indicator right now, but I am using it in conjunction with Bollinger Bands.

      There is another strategy I am testing right now that makes it easier to detect when to take the trade.

      But the method is good. There is someone else I taught the strategy to and it’s turned his trading around from a losing balance to a consistent winning one.

      You have to remember though, that there are all kinds of strategy. Each of them have a degree of effectiveness, but the human factor is very important too – Hence the reason why all the ‘bots’ don’t work.

      Strategies are strongly linked to human behavior and personality. What suits one person may not suit another as well.

      Still, practice makes perfect and I would suggest beating the hell out of a demo account trying it before playing with real money.

      Good luck!

      • I have been using this strategy for 2 months and have tripled my account. Can you explain what Bollinger band settings you are using and how you’re interpretations on the bands?

      • I am so new to this, can anyone tell me where to get all charts and info how to set up the charts, or even if so eone is willing to take me by the hand and walk me through the learning process, also im in New York, any good on line brokers that i can use?

        Thanks in advance
        Vic

  5. Rustlers /

    I have developed the EA to trade this on mt4 at Gold-FX.com (USA resident OK). Let me know if this something you would like: skype: rustlers2

  6. Keith Johnstone /

    Kris;;I just love to try Jeffs system but as a newby I have no probs with the mt4 chart downloading the RSI and the stochastic..but cannot move the downloaded FiboPiv v.2 into the MT4 chart, any tips would be appreciated.

    • Sufyan /

      Right click your mt4 and click on one file location. Search for the experts folder. You should see all the other indicators in that folder. Extract the fibopiv file and drag the indicator to the experts folder. Open your mt4 and you should be able to find the indicator in the experts tab.

  7. Hello

    Just wondering how is the strategy working out for you? Its been nearly 9 months since someone posted on here.

    Thanks
    Bobby

  8. Priyanka /

    Hi everyone,

    I wanted to try this strategy today, so set up the template etc etc, only to find that every currency available to trade was closeby a pivot line! (Using the FiboPiv v.2 talked about in the strategy.)

    So I was wondering if anyone has a strategy for when this is happening. . . because obv you can’t trade this strategy if the currency is approaching any of these lines…

    So if there’s some method I could trade if a currency is approaching these lines then I can place more trades. . . I just can’t find any method I can trust with all these scammy videos all over the net!! I’ve been through so many. . .

    Please get back to me anyone, if you can!

    Thank you so much =)

    Yours,

    Priyanka

  9. Priyanka /

    Also, Admin, you know the original winning formula, it uses RSI 4, is there a reason for with your dynamic strategy you decided to use RSI 10? Have you tried yours with RSI 4 alongside the dynamic RSI?

  10. Need help to the proper way to install the files clock modified and fibopiv_2. I have placed them in the indicator folder and they don’t show up when I look for them on metatrader even after installing them in the program file then closing metatrader. Please help thanks

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