Pro Binary System - A Tested System for Consistent Winning in Binary Options

This post will teach you a reliable trading strategy with a free indicator you can download here for trading binary options with a consistent profit. In addition, to the indicator itself, we will give you the technique to identify high probability trades and weak trade signals you should avoid. Moreover, we will also reveal the rules you need to follow to make your trading consistently winning. 

This strategy will be based on a cutting-edge indicator that can be run on Metatrader 4 called "Forex Indicator Pro". You can also search for free download of this indicator on other websites. However, without technique, just following all the indicator signals is like blind trading. That's why we will give you the tips to use this indicator successfully based on our own experience with this indicator. 

Download the indicator file here. 

(You need WinRAR to open the zip file; just download it for free on Google.)

 

Follow this video to install the indicator and its template.

 

 

Trading Signals

This indicator usually provides signals of a breakout trade. It gives arrow signals at the start of a new candle. The signals provide fairly accurate signals if we just follow all the signals from it. But when we apply additional filters to the signals, it will provide better winning rate that can help you make consistent money from binary options. The good thing is that this indicator does not repaint the signals. We will lay out all the techniques below. 

When the arrow signal appears, you need to act quickly to enter the trade as this indicator will provide alarm on the new signals. It can be run on multiple pairs of currency so it increases the frequency of receiving new trade signals. However, when you enter, you might miss some market move whether in your favor or against your favor, but that's okay. You don't need to worry about the trades late because in this missing time, you might catch a better price point. 

 

The time frames to use are M5 or M15; however, you can also use higher time frame you like but for binary options, M5 and M15 are the best. Do not use this indicator to trade 1 min chart. If you trade on M5, your trade expiration should be 15-20 min (3-4 candles). 15 min trades are recommended. If you trade on M15, your trade expiration should be 45 min to 1 hour (3-4 candles). 

 

Techniques to Filter The Signals 

1. Trade Signals to Avoid  

•  The signal candle is too long compared to other candles around. 

At the end of this signal candle, the arrow signal will appear on this candle, signaling you to enter Buy Trade according to this picture but when the signal candle is too long like this, you have lower chance to win the trade within 3 or 4 candles ahead because the price tends to retrace after it climbs to high points. So we will not trade this signal. 

• 15 min before and after the high impact news announcement. High impact news are those marked with red color on Forexfactory.com.

High impact news can cause unpredictable movement of price within a short time so it is good idea to avoid trades for the pairs that have high impact news 15 min before or after the news announcement. 

• Signals at a solid support/resistance level

The signal appear near a solid support level (red line). The price may not break the support level so it is good idea to avoid following this signal. 

2. Good Signals to Take

This is a very good signal. As you notice, the signal candle is small and looking at the left side, we don't see any significant support level. Taking this put trade with 15 min expiration will result in a win trade. 

Money Management

You can be flexible on money management but our recommendation is to trade no more than 5% of your balance for each trade. You can use compound strategy to increase your account faster. For example, you have 100 usd, you trade 5 usd for a trade. If you win it, 80% return will make you 4 dollars in addition to your capital. So now your account balance is 100 + 4 usd. The next trade can be 5% of this total amount: 5/100 x 104 = 5.2 dollars. Doing like this will make your account grow faster. 

Trading Management

Trading a financial instrument that you cannot control means that the market moves without rules so to win in this business, you have to create rules by your own and follow them meticulously to succeed in the long term. Mindset is also important. Wrong mindset can result in wrong expectation and thus making you difficult to control your emotion. There are some tips we want to remind you. 

1. You have no control over price movement. We are simply guessing based on past scenarios. 

2. Trading involves wins and losses as normal. Do not expect to win all the time and do not stress over a losing trade. Think of your success in a long term vision. Assess your trading performance at the end of the month. 

3. Have 100% trust on your system and execute the strategy at its best but don't regret the mistakes you have made. You don't trade just one day. Learn from your mistakes and move on. 

4. Trading is risky so you cannot expect any profit at any amount. Do not expect anything. Just look at your result at the end of month. You cannot say when you will double your account so just trade with your plan. Do not worry about profits or losses. 

5. Trade when you feel good. This is very important; your emotion can influence your trading decision dramatically. Be prepared to stop trading and get a fresh air. If you don't feel good for a few days, you can pause your trading for such period. 

6. Set regular trading time and do not overtrade. For this strategy, I recommend trading in the high activity sessions such as the US and European sessions. For us, we trade only 1-2 hours per day. At the end of sessions, we just stop though we gain or lose. 

Conclusion

As you can see, my strategy is very simple. The fact that it is simple will allow you to execute it very easily; however, trading in real situation is not easy. Be prepared for the learning curve ahead. Emotion is your big enemy so stay positive on your plan. Trust your strategy and plan. Be disciplined on following the rules. I hope I have clearly explained all the nuts and bolts but if you have any questions, you can leave it in the comment. I will try to answer at my bests. I recommend practicing the strategy with a demo account first for at least 1 months before starting trading with real money. Open a demo account with our trusted broker now. I wish you success at your trading and don't forget to share your success stories here.