For what it’s worth here are the three trading techniques I used that made profits in the last few months trading binary bets. This method can be used anytime during the binary. Is the binary bet value oscillating more than the spread?
For what it’s worth here are the three techniques I used that made profits in the last few months trading binary bets.
Binary Betting Strategies: Method 1
Q. This method can be used anytime during the binary. Is the binary bet value oscillating more than the spread? If so, AND you’re in a generally surging market (observed from previous binaries, and the news), buy as low as you can and then sell AS SOON as the binary has flipped you into profit. It doesn’t matter if you reach the maximum you could possibly obtain. With this technique, just take any profit – you will see one at some point during this ‘random’ period. By buying low in a surging market, ON AVERAGE, the trend should be upwards. If the market is going downwards, just use the opposite binary (i.e. falling) and do the same.
Binary Betting Tactics: Method 2
I had to do this on a Wall Street binary, as Gold/Silver had closed. This might be more risky as it appeared more volatile. However, wait till about 2-5 minutes to go in the binary. If the graph has been >50 for most of the hour AND it is now around 90 AND you are more than approximately 10 market points above the initial value then go in with your biggest amount and count down the seconds. This way you pretty much seem to be guaranteed ten times your stake. Anyhow, it worked the 3 times I did it.
Binary Betting System: Method 3
Other people – on more liquid/volatile markets (FTSE hourlies for example) betting on the reverse. Say the FTSE’s already up 3% ten minutes into the hour and the binary’s at 92/96. You take it to fall (at 92). 45 minutes into the hour the FTSE has slipped back to only 2% up, and the binary’s at 72/76. You can either close it out (and pocket 92-76 = 16pts profit) or hope it will drop further by the end, down to -0.1%, which would pocket you the whole 92pts as the binary would close at 0.
Thus the best way to profit from binaries appears to be to wait until about 3pm (London time): if the underlying Gold future had made a significant move in either direction (3-5pts) by then, and IG Index still had the binary valued around 80/85 (rising market) or 15/20 (falling) (because of the uncertainty), then it rarely reverses. So you could get in at 85 and collect the 15pts change. Of course, this does depend on the 3pm-and-significant-move trend coming off slightly more than 5 out of 6 days. This does *seem* to work pretty well – although days like yesterday would have had me crapping myself if I’d bought it to buy.
The last method is an interesting strategy because you’re risking very little (in this example, only 8pts). During the hour there is often a recoil, and the binary dips a bit – so if you’re watching it constantly you can cash in. As far as I can tell however, it doesn’t do a total reverse (i.e., a strong enough move to get the binary over 90 that then cancels) often enough at all times of the day – the index moves effectively randomly as it’s the result of the movements of the 102 stocks on the FTSE. So leaving it hands-off until close you’re on a loser.
These were the only three binary betting strategies that seem to have borne consistent fruit ; but as always do your own research
