Binaryoptionstradingsignals 3rd show

Trading Record Week 1

Monday 5th November – 7 wins / 3 losses Return +16%

Tues 6th November – 7 wins / 0 losses/ 2 break-even Return +30%

Wednesday 7th November – 3 wins/ 0 losses Return +10.5% (only traded the first 45 mins due to appointment)

Thursday 8th November – 3 wins/ 1 loss Return +10%

Friday 9th November – 4 wins/ 2 losses Return +12.5%

Total for week (trading fixed contract sizes of 5% of account) – Return +79%

 

Week 1 Update

So an update on the ‘Binary Options Trading Signals’ service which I have been live testing after the first week. I’ve received a number of comments and emails about this service which I will try to answer to clarify how this works.

As mentioned in the main review, this is somewhat different from many of the signals services on the market in that you are not actually just sent  a signal. Instead trading takes place via on an online trading session which lasts for two hours each day. During the session members can interact with both each other and Franco.

Displayed on the screen are Franco’s charts on which he runs his proprietary trading algorithm. When a signal is generated members are alerted and can place the trade in their own accounts. Trading opportunities are signaled as both ’60 second’ (1 opportunity) or long term (generally a fifteen minutes). For the ‘long term’ trades it is up to the member how many 60 second trades they place within the signal. This leads to widely different results between the traders as ultimately it comes down the individual as to how much risk they want to take. I have taken a very conservative approach but some of the traders seem to be ‘killing it’ to coin a phrase used by 

Franco himself. It is not uncommon to see some of the more experienced traders in the room positing anywhere from 5-0, 12-0 wins in one session!

The methodology used is known as the ‘Four Candle’ system. It also uses Martingale money management  So if you lose on the first 60 second trade you then double your trade size for the next. If you lose on the second you double again and so on until the forth candle.

While I generally don’t like this approach and appreciate it may not be for everyone, you have to look at the results and draw your own conclusions. Also in the mix are a few longer term hourly and end of day trade signals. So far signals have been given for various Forex pairs, oil, gold, silver, Google and Apple to name a few. So a good mix of assets.

After the first week, trading conservatively with 5% of my capital I was able to produce some very good results. And I must saying I am thoroughly looking forward to joining the guys online again next week, to both learn and hopefully profit some more.

As a note where the results show a ‘loss’ and a profit is shown, this is where a second ‘double’ trade was used. So for example, on Monday the actual results had were a a win, win, a loss and a win (using double stake). I have seen some third candle trades being taken and it seems

 

Trading Record Week 2

Monday 12th November – 3 wins/ 1 loss Return 10%

Tuesday 13th November – 4 wins/ 0 losses Return 15%

I took the liberty of recording the first ten sets of results posted by  traders of the service at the end of the session to provide an example of the spread of returns being made by users of the service (wins versus losses – 16-0, 9-3, 4-1, 3-0, 2-2, 5-1, 7-0, 8-1, 3-1, 2-1)

Wednesday 14th November – 5 wins/ 0 losses Return 18%

Thursday 15th November – 7 wins/ 1 loss Return 25%

Friday 16th November - 5 wins/ 0 losses Return 18%

Total for week (trading fixed contract sizes of 5% of account) - Return +86%

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