In this EZ Binary Signals review we take a look at this latest signal service for Binary Options.
EZ Binary Signals is a trading service that provides binary options signals.
While this particular service is new, it is run by an experienced team of binary options traders with over 10 years market experience.
The service makes use of technical and fundamental analysis to identify low risk trading opportunities. Trading alerts are sent via email to members as they trade their own accounts.
Signals are provided across key Forex pairs. Expect to receive trading opportunities for EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD etc.
There is no set time for the signals. Instead they are sent when the right conditions present themselves. Positions tend to run for 1 or more days.
How It Works
Many of the currently available alert services for Binary Options focus the volume of alerts generated. This means that that you will sign up and get a huge number of signals sent around the clock. Typically most services will make use of short term, 1 hour trading opportunities that are generated through the use of an automated bot.
The problem with this approach is that the actual yield from these services can be very small. Who wants to sit around taking 100 trades and day and hope that you end in profit? This is where many of these signals fall down. You end up doing a lot of work for very little return. Don’t forget you are also paying for this privilege as well.
EZ Binary Signals approach this differently. The focus is on quality rather than quantity. The service aims looks to identify 1-3 trading opportunities per week.
The signals types themselves are also different. They don’t use the higher or lower trades most commonly used. Instead they make use of the ‘Does Not Touch’ trade types. These are very much more like standard Call and Put option expiries but instead levels are set on the trades which are not expected to be touched over the duration of the contract. They allow for a more ‘trading’ style approach to be taken.
If there is a downside to this approach it is that there are few brokers who offer these types of trades. The traders behind the service make use of Binary.com and naturally it is this platform that they recommend you use.
Signals are sent via email and provide the full details needed to place the trade.
A typical alert would be as below:
Trade: Does Not Touch
Duration: 1 Days
Here you would trade on the EUR/USD and set the level 1.0650. You select the duration to run the trade for. Typically trades are open for a couple of days.
Once happy it’s just a case of clicking on the trade type ‘Does Not Touch’ to place this in your account.
What is very impressive with the service is the level of performance.
At the time of writing the strike rate is well over 90% which puts gains from using the service firmly in profit. The performance of the last 10 days we can certainly attest to as we have received and placed these in our own account.
One of the issues that many people encounter when trading is signals is that it is very difficult to actually place them at the suggested levels in your account. If the signal suggests placing at say, ‘x’ and by the time you get to it the return is ‘y’ it can be difficult to know whether to act on it.
While markets move quickly the bonus of this service is that the trades can be placed any time up until the close on the day there are sent.
We placed the trades upon receipt and were able to get similar to returns to those suggested in the alert. On a couple of occasions we checked again later the same day. Due to the intervening movement of the markets in some cases the returns we could get were better and sometimes they were worse.
On balance we would suggest that the law of averages would even out any issues in this area over time. The service website suggests not taking a trade if the returns have dropped below 20%. In this instance it is suggested that the risk would not commensurate with the reward.
EZ Binary Signals Live Test
In reviewing any service it is important to test it to see how it actually performs. As with all our reviews we test out the signals to see if they can actually deliver.
We started trading the service in February. Since then we have received 10 trading alerts. Of these alerts we have had 9 winning traders and 1 losing trade. This gives the service a strike rate of 90%.
While this is quite a small sample size the results reported on the website show similar performance going back across the previous two months.
The full list of trades taken are listed below:-
|EZ Binary Signals Live Trading Record|
|24/02/2017||EUR/USD||Does Not Touch||1.0633||1 Day||30%||Win|
|28/02/2017||USD/JPY||Does Not Touch||111.8||1 Day||35%||Win|
|02/03/2017||USD/JPY||Does Not Touch||113.65||1 Day||37%||Win|
|06/03/2017||USD/JPY||Does Not Touch||113.47||1 Day||30%||Win|
|21/03/2017||AUD/USD||Does Not Touch||0.7676||1 Day||53%||Win|
|22/03/2017||USD/JPY||Does Not Touch||1.1037||1 Day||33%||Win|
|27/03/2017||EUR/JPY||Does Not Touch||119.34||1 Day||32%||Win|
|29/03/2017||USD/JPY||Does Not Touch||110.34||1 Day||35%||Win|
|31/03/2017||USD/JPY||Does Not Touch||1.3190||1 Day||35%||Loss|
|05/04/2017||USD/JPY||Does Not Touch||1.3190||1 Day||30%||Win|
Read my final verdict and conclusion below.
Ultimately any signals have to be judged on two metrics. The first is the level of performance. The second is the effort required to achieve that performance.Unusually this service delivers on both these scores.
The performance is first rate. It delivers gains and it does this with very little work. You won’t be trading for the sake of trading. If anything, you might feel a little underwhelmed as to how little trading is involved.
The service is priced at £87 per quarter (3 months).
EZ Binary Signals Review Verdict
- Very simple trading method – takes minutes per week
- Excellent long term record that delivers
- Stands out from many of the ‘me too’ alert services
- Trades are only available on Binary.com platform