The Binary Options Pro Signals service is a real time binary trading signal service that generates signals by using ‘proprietary neural adaptive software’.
Quite what this is or how it works, we don’t know, however it is claimed to deliver a signal accuracy of 72.5%. If this high success rate is maintained, it is sufficient to quickly propel your account balance forward.
Alerts are sent out via email as soon as a potential trade entry is spotted. All you need to do is place the same trade that you receive in your own account. Then it is simply a case of waiting until the expiry time to see if you have profited.
The service primarily focuses on providing alerts on Forex. Severn main pairs are used together with ‘bonus’ trade alerts’ for three additional markets (EUR/GBP), Dow Jones,S&P 500) , bringing the total number of markets traded to 10.
How It Works
All of the alerts sent by the Binary Options Pro Signals make use of Call or Put trades. This helps to ensure the broadest compatibility with the range of option contracts offered by brokers.
Each alert generated from the binary options signals software provides you with all the relevant information needed to place the trade. All you have to do is act upon the signal, placing it in your own account upon receipt.
Here’s a typical signal that you may receive
Binary Options Pro Signals Real Time Alert
Price: At or below 1.3101
Expiry: 11:00 ET (New York Time)
You are given the asset to trade, the direction (Call or Put), the price to enter the market at and the time you need to set the option to expire.
This is all fairly self explanatory, although it may be useful here just to clarify what is meant by the ‘Price’.
The Price is a suggested level for entering the market. So for example, if you received the above alert you would buy your Call (long) option at 1.3101 or if the market had moved below this level. If the market had moved above this level you would either need to wait for it to pull back or sit out of the trade.
This is an important point to note. Markets can and do move quickly. Therefore you will need to act quickly as soon as you receive the alert. If you don’t you may miss the opportunity to enter at the recommended level or alternatively you may have to monitor the asset for a short while in order to get in on the signal.
As an alternative to receiving email alerts, subscribers can also now make use of Skype.
Expect to receive around twenty/thirty signals over a calendar month. However don’t necessarily expect to trade each day. This will depend upon market conditions.
Binary Options Pro Signals Review – Initial Verdict
There are only two things by which you can really judge the merits of any binary options trading system. These are the accuracy of the signals sent and how easy it is to place them.
With a quoted level of 72.5% accuracy Binary Options Pro Signals certainly look capable of delivering the goods. Of course you won’t win every trade. However provided the quoted level of accuracy is achieved then you should be able to make good profits with this service.
Using the Binary Options Pro Signals is straightforward. The only potential issue is the speed with which you can act upon each alert. The short contract times used, typically hourly, can make entries quite time sensitive.
Using the instant messenger client (Skype) is a good way of helping to ensure that you receive almost instant notification. Also don’t forget that many brokers offer mobile trading facilities which will be useful if you can’t get to a computer.
In an effort to provide a fair evaluation of the service I have put it on a real world live test to see how it performs.
Access my results, final verdict and conclusion below.
Of note is the last column called ‘Able to Place?’. This reflects whether I was actually able to get in on the position at the stated level.
I also made the decision to use email as the notification option. I expect the vast majority of users of this service to make use of this method rather than to be waiting around for a signal on a chat client.
You can track all the results from using the service below.
Alternatively why not join me and try out Binary Options Pro Signals for just $7!
You receive a full 60 Day Money Back Guarantee when signing up to the full monthly signal service.
Scroll Down To Read My Test Verdict!
- Simple and easy to follow alerts using ‘Call/ Put’ contracts. Easy to follow and place
- Lots of opportunites compared to some services and a good run in 2012
- You can try it out for just $7 for 7 days
- As with all live services you may not always be able to place at the exact levels sent
- Sometimes send 30 minute alerts which can’t be placed with all brokers
|Binary Options Pro Signals Live Trading Record|
|Date||Asset||Direction||Level||Expiry||Official Result||Able to place?||My Result|
|01/02/2012||EUR/USD||CALL||1.3190||12:30||In the Money||Yes||Win|
|01/02/2012||USD/CHF||PUT||0.9134||12:30||In the Money||Yes||Win|
|02/02/2012||EUR/USD||PUT||1.3170||12:00||in the Money||Yes||Win|
|02/02/2012||GBP/USD||PUT||1.5839||12:00||In the Money||Yes||Win|
|03/02/2012||EUR/USD||CALL||1.3101||11:00||In the Money||Yes||Win|
|03/02/2012||USD/CHF||PUT||0.9215||11:00||In the Money||Yes||Win|
|06/02/2012||EUR/USD||PUT||1.3120||12.00||Out of the Money||Yes||Loss|
|06/02/2012||USD/CHF||CALL||91.95||12.00||Out of the Money||Yes||Loss|
|06/02/2012||EUR/USD||CALL||1.3255||13:30||Out of the Money||Yes||Loss|
|07/02/2012||USD/CAD||CALL||0.9951||13:30||Out of the Money||Yes||Loss|
|07/02/2012||EUR/USD||CALL||1.3255||13:30||Out of the Money||Yes||Loss|
|08/02/2012||USD/CHF||CALL||0.9115||13:30||In the Money||No||Loss|
|08/02/2012||EUR/USD||CALL||1.3276||13:30||In the Money||No||Loss|
|09/02/2012||EUR/USD||PUT||1.3290||12:30||Out of the Money||Yes||Loss|
|09/02/2012||USD/CHF||CALL||0.9105||12:30||In the Money||Yes||Win|
|10/02/2012||EUR/USD||CALL||1.3180||12:00||In the Money||Yes||Win|
|10/02/2012||USD/JPY||PUT||77.62||12:00||In the Money||Yes||Win|
|13/02/2012||GBP/USD||CALL||1.5784||11:30||Out of the Money||No||-|
|13/02/2012||USD/CAD||PUT||1.0010||11:30||In the Money||No||-|
|13/02/2012||EUR/USD||CALL||1.3203||15:30||Out of the Money||Yes||Loss|
|14/02/2012||USD/CHF||CALL||0.9182||12:30||In the Money||No||-|
|14/02/2012||EUR/USD||PUT||1.3155||12:30||In the Money||No||-|
|15/02/2012||EUR/USD||CALL||1.3060||12:00||In the Money||No||-|
|15/02/2012||USD/CHF||PUT||0.9238||12:00||In the Money||No||-|
|16/02/2012||GBP/USD||CALL||1.5765||12:30||In the Money||No||-|
|16/02/2012||USD/CHF||PUT||0.9985||12:30||In the Money||No||-|
|17/02/2012||USD/CHF||CALL||0.9188||12:00||In the Money||No||-|
|17/02/2012||EUR/USD||CALL||1.3149||12:00||In the Money||No||-|
|20/02/2012||USD/CHF||CALL||0.9101||12:00||In the Money||No||-|
|20/02/2012||EUR/USD||PUT||1.3265||12:00||In the Money||No||-|
|20/02/2012||USD/CAD||CALL||0.9922||12:00||In the Money||No||-|
|21/02/2012||USD/CHF||PUT||0.9115||12:30||In the Money||Yes||Win|
|21/02/2012||EUR/USD||CALL||1.3252||12:30||In the Money||Yes||Win|
|22/02/2012||EUR/USD||CALL||1.3252||12:00||Out of the Money||Yes||Lose|
|22/02/2012||USD/CHF||PUT||0.9110||12:00||In the Money||No||-|
|23/02/2012||EUR/USD||PUT||1.3315||12:00||In the Money||Yes||Win|
|23/02/2012||USD/CAD||PUT||0.9980||12:00||In the Money||Yes||Win|
|23/02/2012||GBP/USD||CALL||1.56950||12:00||In the Money||Yes||Win|
|27/02/2012||EUR/USD||CALL||1.3410||12:30||Out of the Money||No||-|
|27/02/2012||USD/CHF||PUT||0.8990||12:30||Out of the Money||No||-|
|29/02/2012||EUR/USD||PUT||1.3365||12:30||Out of the Money||No||-|
|29/02/2012||USD/CHF||CALL||0.9015||12:30||In the Money||No||-|
Binary Pro Signals – Live Test Update 01/03/12
The objective here was to provide a real world test of the signals provided by B.O.P.S. This was to both validate performance and to see if it was possible to make a profit.
While I only conducted the test over the space of one month, the frequency of the signals (virtually every day) should help to provide a good snapshot of the level of performance that can be achieved from using the service.
So lets get the negatives out of the way first.
While I am in the fortunate position of being able to jump on the signals as soon as they were received, it was still difficult to place at many of the suggested levels. While I appreciate more than most that the markets move quickly, this seemed to happen quite frequently. This delay may of course be down to the email delivery of notifications I chose to use. Either way it meant that out of 43 signals that were received, I could only actually place 24 in my account.
So the all important question is whether the Binary Options Pro Signals service made money?
Of the 24 signals I was able to place, 14 won and 10 lost. This represents around a 60% strike rate which is somewhat lower than the quoted 72.5% accuracy. This figure of course reflects the fact that many signals could not be taken and I could of course have missed out on winning trades.
In terms of profitability this lower level of accuracy did deliver a profit on my account of 13% over the month. Taking into account the subscription the actual real return was just over 7%.
(Remember of course if you want to work out your own actual return you will need to factor in the subscription cost, level of broker payouts, broker rebates etc.)
It is difficult to give it an outright recommendation at the end of this Binary Options Pro Signals review for the reasons given above. The results you achieve will very much depend primarily on your ability to act upon each alert so you results could vary greater (better or worse) than those shown above.
However there is scope to use the Skype notification for the alerts. This would certainly increase the chances of getting in on each alert and therefore the profitability of the service. Ultimately I made money using binary options pro signals and for this reason I recommend it. At only $7 for a weeks trial my suggestion is to give it a trial and see if it works for you.