I just couldn’t pass up the $7 trial for the Binary Options Pro Signals so I figured I’d conduct another review ala Striker9. Below I will walk you through step-by-step how to get started with the Binary Options Pro Signals service. For those who haven’t taken the leap simply click on the link below to begin your $7 trial.
Following payment I was taken to the members area where I could access previous detailed performance with options including today’s signals, yesterday’s signals, and last 30 days results. A quick check shows these signals seem to be legit.
The Binary Options Pro Signals service monitors 10 assets with commodities, forex, and indices represented. Interesting enough no stock signals are currently being offered. I guess it really doesn’t matter what I’m trading as long as the binary options signals are fairly accurate. In general any binary options signals service needs to be correct around 55% of the time to yield a profit. With historical accuracy trending around 73% the Binary Options Pro Signals seem to be on the right track but now we put it to the test.
Every morning the Binary Options Pro Signals delivers daily signals for the relevant assets. Note – signals are not generated on each asset every day. In addition to the daily email I sign up for real-time emails for all 10 assets, which will be delivered when an asset is closing in on a specified level. That’s pretty much it in terms of set-up. For those that don’t have binary options trading accounts we recommend Anyoption and Banc De Binary as these platforms offer the greatest number of end of day expiries which you will NEED to participate in the B.O.P.S. service.
Day 1: Received the daily binary options signals email at 8:30 am ET alerting me to potential signal levels for 5 of 10 assets. Throughout the morning I receive alerts that Crude Oil is approaching a level I should act on to purchase a binary call. After logging into my account I see that I should purchase a binary call if Crude is trading below 91.17. I lock in a purchase price of 90.952 and walk away. Crude finished the day at 91.075 and thus I win. However the closing price was not above 91.17 for what it’s worth, though a win is a win. (1-for-1: 100%)
Day 2: Received the 8:30 email alerting me to 5 potential signals for the day. Receive an alert around 12:30 ET that the USDCAD is closing in on a potential put purchase level. I purchased the binary put with the USDCAD in an uptrend. The USDCAD traded around the target level for a while before taking off to the upside…not so good. The position finished out of the money, will be back on Monday (1-for-2: 50%)
Day 3: No Trade.
Day 4: Received 5 potential trades around 8:50 am, a little later than usual. A half hour later received notification that the USDCHF was approaching the target level. It has been hard for me to purchase binary calls (puts) in a declining (increasing) trend, but the signal was to purchase a binary call with levels at or below 0.8307. I purchased right below 0.83 and watched as levels continued lower, fortunately the trend reversed and I ended up in the money at 0.8329.
The binary options pro signals service also alerted a potential trade in the GBPUSD. Full disclosure I did not trade this one but looking back at the charts you would’ve had to be staring at the charts to act on this one as a put signal was created at the very top of the range 1.604. This level was provided in the morning email so I’ll chalk up this up as a win for the binary options pro signals service. (3-for-4: 75%)
Day 5: No Trade.
Day 6: Frustrating loss in the USDCHF today, missing a winner by a few pips. Given the USDCHF trade from 2 days ago along today’s trade (despite the loss), the binary options pro signals seems to do a good job of selecting appropriate purchase levels, especially in the USDCHF. (3-for-5: 60%)
Day 7: Another close call in the USDCHF today but this time we ended up on the right side of things. The USDCHF finishes a mere 5 pips below the put purchase price. (4-for-6: 67%)
Day 8: No Trade.
Missed a few days but here are the most recent results:
Day 9: Winning trades on the EURUSD and Nasdaq 100; lost on GBPUSD. (6-for-9: 67%)
Day 10: Winning trades on EURUSD and GBPUSD. (8-for-11: 73%)
Day 11: Winning trades in EURUSD and Oil; losing trades in GBPUSD and AUDUSD. (10-for 15: 67%)
Day 12: Winning trade in Nasdaq 100, losing trade on Oil. (11-for-17: 65%)
Day 13: No Trade.
Day 14: Winners in AUDUSD and GBPUSD. (13-for-19: 68%)
Day 15: Winners in Oil and AUDUSD, Losers in Nasdaq 100 and USDCHF. (15-for-23: 65%)