Binary Today 5did the impossible. It changed the way that I feel about 5 minute expiry time trading.
For over two years I’ve been adamantly against anything under 15 minutes but this new strategy can’t be overlooked.
5 minute trading is here, and I’m 100% on board.
With hundreds of active filters, advanced technologies and a superior methodological approach to trading, this is the best binary options software I’ve ever laid eyes on.
The highly anticipated Binary Today 5 software is here. Today I’ll be telling you why this is the best binary software on the market, how it works and what it can do for all of our trading accounts.
Let me start off by noting how inclusive the software is.
Works with all levels of traders (beginners and pros).
Works in all trading sessions & in all countries.
This is very important to me. As the Binary Today community grows so does the foreign element and I want to ensure that everyone who reads this blog can take advantage of the systems I use to grow my accounts.
How Binary Today 5 Works
Before I get too caught up in the features, and my personal trading results let me deal with the basics first.
The Binary Today 5 software sends trading signals for 5 minute expiry time trades. You can receive those signals in three different ways.
In Metatrader 4 (my preferred method)
In your E-mail
In your Phone
When a signal arrives, an alarm bell will ring which will give you time to get to your computer and analyze the trade.
The signal is simple to read, it will tell you the asset to trade, the direction of the trade (put or call) and the expiry time to set. Obviously the expiry time is always 5 minutes.
My Personal Results
This is not one of those automated get rich quick schemes that promise to make you rich overnight. The Binary5 software is built to deliver actual results.
My findings over the past 6-8 months have been outstanding. As a test I started a $500 account in January 2018 and it’s progressed aggressively. So much so that it’s been my most used tool for the past 3 months straight.
See my findings here:
I’ve been testing 10 pairs and I’ve measured the percentage of growth with each pair. This may help you in deciding what pairs you want to start with. I plan on adding 10 more pairs, if not more and then just pick out the best of the best after about 6 more months of testing.
[chart id=”7″]
The performance is outstanding and I can’t wait to start reading success stories from the Binary Today readers.
Binary5 Strategy Discussion
I’ll try to keep this as simple as possible. The Binary5 software uses a multitude of indicators that when used in conjunction filter out bad trades and create the underlying strategy. The software aims to determine the trend direction, and take advantage of quickly spotted breakouts.
I’ve watched the software closely and I approve of this method. It’s based on historical analysis and real trading knowledge, as every strategy should be.
Features
Binary5 gives traders exactly what they need to be successful.
Reliable and consistent signals.
The flexibility to trade any asset.
24/7 support & free upgrades for life.
The ability to see past trades to recognize trends.
A 5 minute expiry time strategy that will truly stand the test of time.
Binary Today 5 Client Feedback
The best way to see if the software is performing now, is to see how well the clients are reacting to it. There are a handful of different review sites, including my own where traders leave reviews. In all my time working with the BT5 software, I’ve only come across 5 star reviews, which makes me very happy. Here are some examples of the reviews I’ve come across from different third party sources:
Client Feedback 1
Client Feedback 2
Version 2.0
Version 2.0 is now available as a free update for all current clients. This major update is focused on market accuracy, analysis and ensuring that the system continues to understand market dynamics beyond 2020. Along with this update is a major price drop of $100. Previously priced $219, now priced $117, it’s the perfect time to pick it up.
I thought it was a great idea for a price drop to make this more accessible, and available to all of the Binary Today readers.
Conclusion
Binary Today 5 is the future of the binary options market.
This is the #1 tool that I use in my daily trading and I expect to be using it for the next 10 years.
I’ve been able to consistently win over 80% of my trades and with the shorter expiry time I’ve been able to trade less while earning more.
I look forward to the comments, and the growth of your trading account.
Binary Today 5
$117.99
Summary
The best 5 minute binary options signals on the market. These quick signals are a fast way to grow any binary options trading account. The signals are compatible with all brokers, and utilize MT4 to send the signals to just about every platform available, even your phone.
I am a full time trader and entrepreneur. I've been involved in both binary options and Forex trading for many years. During this time, I've created and sold over 20 different trading tools. I believe in both short and long term goals, using a multitude of different strategies in order to achieve them.
Wow! Over 255 comments now, when I started with Binary5 over a month ago I didn’t know what to expect.
I was one of the first clients to sign up and there were less than 5 comments here when I did. I’m happy to see so many people building strategies and winning trades.
I’ve personally had a lot of success with B5.
I am at 75% ITM which is the highest I’ve ever achieved in my two years trading binary options. This 75% is from nothing but Binary5 trades. I’ve traded over 200 trades since signing up so it’s a very large sample size to go on.
From time to time I take too long to place trades or I misread signals and I’ve included those in my 75% so I could probably get it a little higher but I’m working on that.
I’m definitely taking a close look at the new Binary Today Booster tutorial and I’ll be adding that to my strategy as well.
John when I attempted to download the MT4 from the Booster site it sent me to a MT4 for Australia? I’m in the US, but is that going to matter or should I just google MT4 download and go from there?
I just checked and their website (ThinkForex) says they don’t accept traders from the US. You’re in US, right? How can that be? Did they recently close to US customers?
Do you guys have any courses that teach about how to effectively trade binary options, I am looking for a course that teaches how to trade binary options effectively, also well as money management with binary options, that has a good strategy for trading binary options?
Hi Ray, there’s a lot of people out there throwing the word scam around in this market. Most of them can’t be trusted but I haven’t used BDB, I recommend these brokers: https://binarytoday.com/best-binary-options-brokers/
Hi john
Just a question once binary5 is setup do we get the alert pop up automatically once the signal is issued or do we have to activate alert on metatrader
Hello YAS
my trades at the moment 13 wins and 3 looses from this morning, one thing to keep in mind always check the news before you trades, sometime the signals come 5 mins before news, even though the signals alert candle is ITM but your trade won’t expire yet because of the delay you place the trade, so that’s one thing…
Hello Kenni,
Can you please tell me that what time you are doing the trade (GMT or EST) and how many pairs you have open in the MT4 and how many signals you are getting during the trading hours ?
Thanks & Best Regards,
Amila.
Thank you will keep an eye on that
just question when you taking the trade do you trade straightway as soon as you get the signal or do you wait for couple of seconds before placing a trade?
during the 13 wins and 3 lost it was from 8:00 am east – 12pm east after that the signals was quiet,
Yes, our goal is to expire exactly the same as the candles…
Hello Traders,
I am from Sri Lanka and i have purchased B5, Can any one tell me that what is the best time for trading in Sri lanka. oping your positive reply.
many thanks.
Amila.
Hi Dave,
Can you please tell me that what is the best time to trading in Sri Lanka and how may signals are you getting per day from the Binary5 and how many pairs we need to open ? hoping your best answer.
Thanks.
Thank you Very much Dave..
let me tray and will update here.
Kenni SIuSeptember 19, 2016
Hello Amila, so far so good for me just don’t trade during news, check it everyday http://www.forexfactory.com/. If you’re new to the binary options here is the demo account https://alpari.com/en/binary_options/ which I highly recommend before you start a real account, you can test out the strategy so you can try to find what’s the best session to trade without having to risk any of your money.
Purchased Binary5 about a week ago and am pretty impressed by the quality of the signals the software provides. Its averaging 80% ITM for me after close to 50 trades which is fantastic.
Hey Michael,
I did filter out trades here and there that I didn’t take based on the direction of the trend and volatility of the market. However I basically placed 90% of the trades that were provided only sometimes waited for a more ideal strike rate if the direction of the trend didn’t agree with the signal.
John — I noticed that all the winning trades on your demonstration video paid out 67% profit Is that typical for 5 minute payouts? I’m wondering because I had been assuming binarys typically paid out 75% to 80%.
P.S.> It would be nice to show trades on CTOption on a future demo video for US traders who don’t have any other options (no pun intended).
Hi all traders,
Since there are many questions on what time zones each trader have the best results with B5, i decided to create this post so those who had good results can post it here so that many who wanted to know can easily find it within one post rather than having this information all over each individual post.
It will be good to state which session traders find it most profitable and success with, for example, US Session ( London New York till end of New york session) and state each of your own EST or GMT time zone. or Asian session ( Australia JApan cross till whatever end time session) and which EST or GMT. It will be very beneficial if traders can state which part of the world he or she is from as many here including myself try to convert this whole EST GMT PDT jargon. Thanks all!
Thks for the reply! It seems you start your trade time just one hour before London close. Is there a reason why you dont start earlier than that? am just asking.
Hi Ian,
I’m in the UK (GMT) which is 5 hours ahead of EST.
During these volatile times, I’ve found the best time is 7am to 10am. After 11 am things go a little quiet.
I don’t trade during the NY market as most of my losing trades have been during this time.
I’ve found when both US and UK markets are open together the volatility is a little crazy and B5 and BTT dont seem to handle it well.
On the few times I’ve traded after the NY market has closed (9pm uk time), signals have been slow coming but are more accurate.
Overall I think B5 is fantastic, I trade with the arrows (3 or more agreeing with the signal) but its worth testing to find the best time trade to maximise results.
Hi Dave, thanks for letting us know your thoughts. I’m impressed by your approach.
MartinSeptember 15, 2016
Hi Dave
I also live in the UK and was wondering what the best times are to trade.
I haven’t yet purchased Binary 5 as im waiting to see more results from users who live in the UK. Can you tell me when you started running the software and your’e results so far.
Thanks :)
PatrickSeptember 17, 2016
Could you please convert to my time zone I live in Toronto Canada what time would that be here?
I have been trading from 7:30am to 4pm EST. I will also be adding from 7pm to 10pm EST as well to see how that does for me as sometimes it is hard to trade through the day with normal work responsibilities.
Thank you guys who had contributed to the time they are trading. Its very interesting then to see the different success rate each individual has even though they trade the same session….and i hope to see more contributing as we get to see and collate some sort of a pattern. As of now , we see Dave to be trading the london session, slow but accurate signals. Steve is trading the london – NY cross over till end of NY sessions. So far we have yet to see anyone who trade the asian session. Guess its too slow? keep this information coming guys!
Hi Ian, just wanted to point out that the video John just posted showing B5 trades was between the hours of 8 PM and 11 PM EST. That would have been in the asian session.
I want to try trading the Asain session to see if this trading session works better for me. Trading during the US session is quite volatile from what I am seeing right now. I would rather have less signals but more accurate results.
Hi Martin,
I’ll try and keep this as detailed and as short as I can. I purchased B5 as soon as it was launched, and before that I used BTT with the trade assistant, so had a very good idea how things worked. Now I only use B5.
I trade to a daily target/stop loss, and stop live trading and go onto test trading as soon as I hit one of them. (my goal is to consistently grow my account week on week, not to make mega bucks each day).
It wasn’t easy to do this, but I learned the hard way, it’s easy to over trade and lose what you’ve won.
I don’t sit at the computer all day. It’s in our office area and when I hear an alert I go to the computer. Most mornings I switch the computer on around 7am and it stays on until around 10pm.
When looking at the trade I make sure that the signal agrees with the trend, and at least 3 arrows agree. If those rules are not met I don’t take the trade.
I also make note when major news events are announced, as these do cause volatility and I treat signals with caution around these times.
From testing, I know 10 min trades work just as well as the 5 min. Because of all this I usually hit my target before 9am most mornings.
Occasionally I do hit stop loss, and the temptation is there to carry on, but today for example….
I took a 5 min and 10 min trade on EUR/USD at 8:20 and won both. That meant at 2-0, I had hit my target for the day and went onto test trading.
Due to news events and a very volatile US session so far, my test trading is currently OTM. (I keep to the same rules for test trading).
Because of the way I trade my live trading is 88% ITM, and test trading is running at 69%, which is still pretty good and ITM. (I find mornings are best but check news events).
Sorry for this being long, but hope it helps.
Dave
P.S… find what works best for you, to develop your way of trading.
Hi Dave, you are a shining example of why I made this blog. Thank you for sharing your trading strategy, and your methodical approach. I’m impressed to say the least.
Wow Dave, I think a the community here can learn a lot from your story and attitude. Keep it up.
BrianSeptember 16, 2016
Hi Dave,
I like setting goals also. Could I ask what size bank you started with and what amount would you invest per trade? I see you can reach your target in two trades so I am assuming your investment would be a percentage of your bank. I also like your stop/ loss strategy.Thank you for passing on these ideas to other traders.
Hi Brian,
When I started live trading with B5 I had an account balance of over 4K, (I had already been trading with BTT, and B/Wave prior to B5).
My average trade is between 3% and 4% of my account balance.
I use CT Options and one of the reasons why is, when placing the trade you don’t have to write the trade amount in.
They have buttons with £5, £25, £50, £100, £200, £400. When placing a trade you just press the amount you want to trade instead of writing it in.
I work out what 3% of my account balance is, and choose the amount which comes closest to it. It’s a small thing but, for me it helps placing a trade a smoother process.
My target and stop loss are based on monetary values and not trade counts. For example, 2-0 is a higher monetary value than a 3-1 trade count.
Play with the software to test what works best for you. I tested B5 for 2 weeks before going live.
B5 last week was on fire, it hardly lost a trade. This week is a little different, it’s not the software, it’s the markets.
Markets change. For example, since Brexit they’ve been highly volatile. When the US market opens in the afternoon (here in the UK) sometimes it’s so volatile it’s virtually untradeable.
So you need to test and learn to trade in those conditions and know when to stop.
Two of the hardest lessons I had to learn was.
— Patience, don’t set high expectations to early, it’s a marathon not a sprint.
— Discipline, know when to stop and stick to it, don’t sneak back for an extra trade. Protect your earnings and account balance.
Hello Dave,
I’ve been studying your comments and testings and having done some testing of BTT for weeks I can say you are more than likely correct with your observations about market movements and reactions perhaps cos we share the same timezone. I’ve had some great and awful days trading live and blowing my accounts as well but I want to follow a strict strategy and discipline henceforth as I intend purchasing B5 soon.
My question is when trading with B5 do you just take 2 winning trades in a day and that’s all or that was with BTT? Secondly, do this winners come at a particular timeframe? Also, have you consistently had this 2 winners on daily basis trading the UK session?
I really don’t mind sticking to 2 – 0 consistent winners every blessed weekday 😉
Hi JB,
To answer your first question, do I stop at 2 winning trades each day? … At the moment yes, I then go onto test trading.
I usually hit this target most days trading between 7 & 10 UK time, and normally with my first trade of the day as I take a 5 min and 10 min trades with each B5 signal. .. I trade Mon to Thur.
The real question is could I do more? … Yes absolutely, and will be.
My testing consistently shows that the worst time for me to trade is when the UK & US markets are open at the same time, as this is when most of my losses occur.
The question I’m asking myself is … do I really need to trade to a daily target? .. I like the stop loss strategy and will be keeping that. But I think I’m moving towards a weekly or monthly target.
The more I use B5 the more I’m impressed with it and its potential. When I first started in Binary, I used to dream of taking 10 trades per day with a win rate of 70%.
My testing so far shows that B5 can do that and more, especially when you take 5 and 10 min trades. .. It’s quite exciting when you think about it.
how do you determine which to take a 5 min or 10 min trade? is there a particular pair that is more towards 10 mins expiration and another tpwards 5 mins expiration??
cheers!
Ian
DaveOctober 4, 2016
Hi Ian,
When I receive a signal I check to see if at least 3 arrows, and the trend agree with the signal. If those 2 rules are met I take a 5min trade and a 10min trade.
I find when trading with the trend the 10min trades are just as good as the 5 min.
I don’t favour any particular pair or look for any other criteria. Just the arrows and the trend.
Desmond ChappleSeptember 11, 2016
Hi John,
Does Binary5 only trade on the weekdays? I have it downloaded along with MT4 i’m just trying to get it set and ready to go.
Ah, I see, Thanks Mr. John I was curious about it and I’m hoping by tomorrow I’ll be able to tell some positive results, I’ve seen so many on here, just hoping to be one of the comments that praises Binary 5 as well. ^.^
Hi John after spending the last couple of days reviewing FiboCode I also came to the same conclusion after watching you review video. I have now purchased this software instead after seeing such great reviews and your impressive results.
Wow! Over 255 comments now, when I started with Binary5 over a month ago I didn’t know what to expect.
I was one of the first clients to sign up and there were less than 5 comments here when I did. I’m happy to see so many people building strategies and winning trades.
I’ve personally had a lot of success with B5.
I am at 75% ITM which is the highest I’ve ever achieved in my two years trading binary options. This 75% is from nothing but Binary5 trades. I’ve traded over 200 trades since signing up so it’s a very large sample size to go on.
From time to time I take too long to place trades or I misread signals and I’ve included those in my 75% so I could probably get it a little higher but I’m working on that.
I’m definitely taking a close look at the new Binary Today Booster tutorial and I’ll be adding that to my strategy as well.
Love all the comments everyone!
-Shane
Great to hear your results Shane! We look forward to hearing more results from you. What times are you doing most of your trading?
Amazing results Shane. Keep it up
I can’t get an honest answer from this site regarding withdrawing profits. Do you have any problems getting your money out?
I’ve never had an issue doing withdrawls with Boss Capital.
Thanks.
John when I attempted to download the MT4 from the Booster site it sent me to a MT4 for Australia? I’m in the US, but is that going to matter or should I just google MT4 download and go from there?
Hi Angel, you can use any MT4 you like. ThinkForex works great because the demo accounts don’t expire.
I just checked and their website (ThinkForex) says they don’t accept traders from the US. You’re in US, right? How can that be? Did they recently close to US customers?
I’m in Canada. You can use any MT4 broker you like, they all work the same.
Do you guys have any courses that teach about how to effectively trade binary options, I am looking for a course that teaches how to trade binary options effectively, also well as money management with binary options, that has a good strategy for trading binary options?
Chris
Hi Chris, try checking out my recent Booster Strategy here https://binarytoday.com/free-binary-today-booster-strategy-lesson/
Thank You
John
Hi
John
I already downloaded the binary booster during the podcast just wondering if that was latest version
Yes, that’s the latest version. This won’t require daily or weekly updates.
Hi
I’m currently using Banc Da Binary as my broker, would this B5 work?
Taking in account that BB only has expire times of 10mins.
Hi Kyle, they have 5 minute trading. Go into your platform, click 60 seconds and it will give you a 300 seconds option there, as well as others.
I’m sure I read only a couple of days ago that Banc de Binary have been exposed as a huge scam.
Hi Ray, there’s a lot of people out there throwing the word scam around in this market. Most of them can’t be trusted but I haven’t used BDB, I recommend these brokers: https://binarytoday.com/best-binary-options-brokers/
Hey John,
How long do I have to put in the trade with my broker from the time I get the signal?
Thanks
Hi Muhammad, you can see exactly how I do it here: https://youtu.be/doF7bBebLj8
Hey guys im back and glad to see everyone having good results. Im gonna be trading all week and updating my results daily for the rest of the week.
Ive already told couple of friends about the system because ive been on a roll lately with it!! We love John Kane and B5 !! Talk to yall later.
Thanks Grimes, good to here from you again.
hi
john
Just purchased binary5 today looking forward to publishing some good results soon
Hi john
Just a question once binary5 is setup do we get the alert pop up automatically once the signal is issued or do we have to activate alert on metatrader
Hi Yas, the pop up alerts are automatic, this is built into the software.
my result are awesome so far at 10 won and 2 lost, I prefer not to trade during news or lunch break.
Hello YAS
my trades at the moment 13 wins and 3 looses from this morning, one thing to keep in mind always check the news before you trades, sometime the signals come 5 mins before news, even though the signals alert candle is ITM but your trade won’t expire yet because of the delay you place the trade, so that’s one thing…
Hello Kenni,
Can you please tell me that what time you are doing the trade (GMT or EST) and how many pairs you have open in the MT4 and how many signals you are getting during the trading hours ?
Thanks & Best Regards,
Amila.
Thank you will keep an eye on that
just question when you taking the trade do you trade straightway as soon as you get the signal or do you wait for couple of seconds before placing a trade?
yas
during the 13 wins and 3 lost it was from 8:00 am east – 12pm east after that the signals was quiet,
Yes, our goal is to expire exactly the same as the candles…
Good point!
Hello Traders,
I am from Sri Lanka and i have purchased B5, Can any one tell me that what is the best time for trading in Sri lanka. oping your positive reply.
many thanks.
Amila.
Hi Amila,
Try during the day you’re 4 ½ hours ahead of UK and 9 ½ hours ahead of EST.
Practice for a week to see how you get on
Hi Dave,
Thank you for your advice will try and update here..
Hi Dave,
Can you please tell me that what is the best time to trading in Sri Lanka and how may signals are you getting per day from the Binary5 and how many pairs we need to open ? hoping your best answer.
Thanks.
Hi Amila,
I think during the day in Sri Lanka will be good for you but, do test for yourself.
I trade with 15 pair open, EURUSD, EURGBP, EURJPY, GBPUSD, GBPJPY, GBPCAD, USDJPY, USDCHF, USDCAD, AUDUSD, AUDCAD, AUDNZD, AUDJPY, NZDUSD, XAUUSD (which is gold).
On average I’ll receive 15 to 20 signals per day.
I’ve found the more volatile the markets the more signals you receive.
For that reason I only take trades when 3 arrows agree with the signal
Thank you Very much Dave..
let me tray and will update here.
Hello Amila, so far so good for me just don’t trade during news, check it everyday http://www.forexfactory.com/. If you’re new to the binary options here is the demo account https://alpari.com/en/binary_options/ which I highly recommend before you start a real account, you can test out the strategy so you can try to find what’s the best session to trade without having to risk any of your money.
Happy Trading !!!
Hi Kenni SIu,
Thank you for your information, as of your link in the https://alpari.com i didn’t found the 5min trade for Binary5 Signals.
https://alpari.com/en/binary_options/ there are 5m trades available…
this give you more news http://www.investing.com/economic-calendar/
Hi Kenni,
Please where should be my area of focus in forexfactory website. Please enlighten me a little.
Thank you
If you haven’t found it yet, here it is:
http://www.forexfactory.com/calendar.php
Hi john, can software work for Nigeria people.
Hi Olakunle, yes, the software works for all countries. I mention it in this review.
Purchased Binary5 about a week ago and am pretty impressed by the quality of the signals the software provides. Its averaging 80% ITM for me after close to 50 trades which is fantastic.
Wow that’s great Vince! Thanks for sharing.
Hi Vince,
Great results. Did you take all the trades or you filtered some of them based on 50 trades?
Hey Michael,
I did filter out trades here and there that I didn’t take based on the direction of the trend and volatility of the market. However I basically placed 90% of the trades that were provided only sometimes waited for a more ideal strike rate if the direction of the trend didn’t agree with the signal.
Vince,
Thanks for your feedback. Really appreciate it.
Michael
Thanks for sharing.
John — I noticed that all the winning trades on your demonstration video paid out 67% profit Is that typical for 5 minute payouts? I’m wondering because I had been assuming binarys typically paid out 75% to 80%.
P.S.> It would be nice to show trades on CTOption on a future demo video for US traders who don’t have any other options (no pun intended).
Hi David, yes, in the evenings payouts can be smaller from time to time. I’ll do some CTOption trades for you soon!
John, what do you do about trading during high impact news events? Do you pass on trading then or trade through them?
Hi Lanny, I will generally avoid High Impact news. It’s too erratic to predict.
Hi all traders,
Since there are many questions on what time zones each trader have the best results with B5, i decided to create this post so those who had good results can post it here so that many who wanted to know can easily find it within one post rather than having this information all over each individual post.
It will be good to state which session traders find it most profitable and success with, for example, US Session ( London New York till end of New york session) and state each of your own EST or GMT time zone. or Asian session ( Australia JApan cross till whatever end time session) and which EST or GMT. It will be very beneficial if traders can state which part of the world he or she is from as many here including myself try to convert this whole EST GMT PDT jargon. Thanks all!
Hi Ian, I trade 11AM to 11PM EST.
John,
Thks for the reply! It seems you start your trade time just one hour before London close. Is there a reason why you dont start earlier than that? am just asking.
Hi Ian, it takes me a couple hours to wake up, I try not to trade groggy! :)
Hi Ian,
I’m in the UK (GMT) which is 5 hours ahead of EST.
During these volatile times, I’ve found the best time is 7am to 10am. After 11 am things go a little quiet.
I don’t trade during the NY market as most of my losing trades have been during this time.
I’ve found when both US and UK markets are open together the volatility is a little crazy and B5 and BTT dont seem to handle it well.
On the few times I’ve traded after the NY market has closed (9pm uk time), signals have been slow coming but are more accurate.
Overall I think B5 is fantastic, I trade with the arrows (3 or more agreeing with the signal) but its worth testing to find the best time trade to maximise results.
Hi Dave, thanks for letting us know your thoughts. I’m impressed by your approach.
Hi Dave
I also live in the UK and was wondering what the best times are to trade.
I haven’t yet purchased Binary 5 as im waiting to see more results from users who live in the UK. Can you tell me when you started running the software and your’e results so far.
Thanks :)
Could you please convert to my time zone I live in Toronto Canada what time would that be here?
Hi Patrick
Toronto is the same as EST, 5 hours behind UK time.
Many people here are finding 5pm to 11pm EST is a working for them.
It might be worth testing this time for yourself to see how you get on.
I have been trading from 7:30am to 4pm EST. I will also be adding from 7pm to 10pm EST as well to see how that does for me as sometimes it is hard to trade through the day with normal work responsibilities.
Thank you guys who had contributed to the time they are trading. Its very interesting then to see the different success rate each individual has even though they trade the same session….and i hope to see more contributing as we get to see and collate some sort of a pattern. As of now , we see Dave to be trading the london session, slow but accurate signals. Steve is trading the london – NY cross over till end of NY sessions. So far we have yet to see anyone who trade the asian session. Guess its too slow? keep this information coming guys!
Hi Ian, I do have a lot of readers trading the Asian session, I’ll have to see if I can get one in here.
Hi Ian, just wanted to point out that the video John just posted showing B5 trades was between the hours of 8 PM and 11 PM EST. That would have been in the asian session.
I want to try trading the Asain session to see if this trading session works better for me. Trading during the US session is quite volatile from what I am seeing right now. I would rather have less signals but more accurate results.
Hi Martin,
I’ll try and keep this as detailed and as short as I can. I purchased B5 as soon as it was launched, and before that I used BTT with the trade assistant, so had a very good idea how things worked. Now I only use B5.
I trade to a daily target/stop loss, and stop live trading and go onto test trading as soon as I hit one of them. (my goal is to consistently grow my account week on week, not to make mega bucks each day).
It wasn’t easy to do this, but I learned the hard way, it’s easy to over trade and lose what you’ve won.
I don’t sit at the computer all day. It’s in our office area and when I hear an alert I go to the computer. Most mornings I switch the computer on around 7am and it stays on until around 10pm.
When looking at the trade I make sure that the signal agrees with the trend, and at least 3 arrows agree. If those rules are not met I don’t take the trade.
I also make note when major news events are announced, as these do cause volatility and I treat signals with caution around these times.
From testing, I know 10 min trades work just as well as the 5 min. Because of all this I usually hit my target before 9am most mornings.
Occasionally I do hit stop loss, and the temptation is there to carry on, but today for example….
I took a 5 min and 10 min trade on EUR/USD at 8:20 and won both. That meant at 2-0, I had hit my target for the day and went onto test trading.
Due to news events and a very volatile US session so far, my test trading is currently OTM. (I keep to the same rules for test trading).
Because of the way I trade my live trading is 88% ITM, and test trading is running at 69%, which is still pretty good and ITM. (I find mornings are best but check news events).
Sorry for this being long, but hope it helps.
Dave
P.S… find what works best for you, to develop your way of trading.
Hi Dave, you are a shining example of why I made this blog. Thank you for sharing your trading strategy, and your methodical approach. I’m impressed to say the least.
Thank you John .. like most I started the wrong way and blew 2 accounts and lost a lot of money.
I came across Binary Today over 2 years ago and have slowly learned how to trade the right way.
The first 2 important lessons I learned was,
— when not to trade,
— and demo trade until I could consistently make a profit.
Its safe to say I’m a different trader today then when I first started, and much of that is down to you and the Binary Today readers.
Thank you all, and keep contributing to comments as people do learn from what is written
Dave
Wow Dave, I think a the community here can learn a lot from your story and attitude. Keep it up.
Hi Dave,
I like setting goals also. Could I ask what size bank you started with and what amount would you invest per trade? I see you can reach your target in two trades so I am assuming your investment would be a percentage of your bank. I also like your stop/ loss strategy.Thank you for passing on these ideas to other traders.
Hi Brian,
When I started live trading with B5 I had an account balance of over 4K, (I had already been trading with BTT, and B/Wave prior to B5).
My average trade is between 3% and 4% of my account balance.
I use CT Options and one of the reasons why is, when placing the trade you don’t have to write the trade amount in.
They have buttons with £5, £25, £50, £100, £200, £400. When placing a trade you just press the amount you want to trade instead of writing it in.
I work out what 3% of my account balance is, and choose the amount which comes closest to it. It’s a small thing but, for me it helps placing a trade a smoother process.
My target and stop loss are based on monetary values and not trade counts. For example, 2-0 is a higher monetary value than a 3-1 trade count.
Play with the software to test what works best for you. I tested B5 for 2 weeks before going live.
B5 last week was on fire, it hardly lost a trade. This week is a little different, it’s not the software, it’s the markets.
Markets change. For example, since Brexit they’ve been highly volatile. When the US market opens in the afternoon (here in the UK) sometimes it’s so volatile it’s virtually untradeable.
So you need to test and learn to trade in those conditions and know when to stop.
Two of the hardest lessons I had to learn was.
— Patience, don’t set high expectations to early, it’s a marathon not a sprint.
— Discipline, know when to stop and stick to it, don’t sneak back for an extra trade. Protect your earnings and account balance.
Hope this helps
Dave
Hello Dave,
I’ve been studying your comments and testings and having done some testing of BTT for weeks I can say you are more than likely correct with your observations about market movements and reactions perhaps cos we share the same timezone. I’ve had some great and awful days trading live and blowing my accounts as well but I want to follow a strict strategy and discipline henceforth as I intend purchasing B5 soon.
My question is when trading with B5 do you just take 2 winning trades in a day and that’s all or that was with BTT? Secondly, do this winners come at a particular timeframe? Also, have you consistently had this 2 winners on daily basis trading the UK session?
I really don’t mind sticking to 2 – 0 consistent winners every blessed weekday 😉
Hi JB, I take what the market offers. It’s usually more than two trades. Between the two systems they give me quite a few solid opportunities.
Hi JB,
To answer your first question, do I stop at 2 winning trades each day? … At the moment yes, I then go onto test trading.
I usually hit this target most days trading between 7 & 10 UK time, and normally with my first trade of the day as I take a 5 min and 10 min trades with each B5 signal. .. I trade Mon to Thur.
The real question is could I do more? … Yes absolutely, and will be.
My testing consistently shows that the worst time for me to trade is when the UK & US markets are open at the same time, as this is when most of my losses occur.
The question I’m asking myself is … do I really need to trade to a daily target? .. I like the stop loss strategy and will be keeping that. But I think I’m moving towards a weekly or monthly target.
The more I use B5 the more I’m impressed with it and its potential. When I first started in Binary, I used to dream of taking 10 trades per day with a win rate of 70%.
My testing so far shows that B5 can do that and more, especially when you take 5 and 10 min trades. .. It’s quite exciting when you think about it.
Hi Dave,
how do you determine which to take a 5 min or 10 min trade? is there a particular pair that is more towards 10 mins expiration and another tpwards 5 mins expiration??
cheers!
Ian
Hi Ian,
When I receive a signal I check to see if at least 3 arrows, and the trend agree with the signal. If those 2 rules are met I take a 5min trade and a 10min trade.
I find when trading with the trend the 10min trades are just as good as the 5 min.
I don’t favour any particular pair or look for any other criteria. Just the arrows and the trend.
Hi John,
Does Binary5 only trade on the weekdays? I have it downloaded along with MT4 i’m just trying to get it set and ready to go.
Hi Desmond, no system works on weekends, the markets are closed.
Ah, I see, Thanks Mr. John I was curious about it and I’m hoping by tomorrow I’ll be able to tell some positive results, I’ve seen so many on here, just hoping to be one of the comments that praises Binary 5 as well. ^.^
Hi John what is the best time for trade I am living in Canada I already bought the system would advise me please.
Hi Lahsen, Canada has many different time zones. Personally I am EST and I will trade from 11AM to 11PM.
Hi John after spending the last couple of days reviewing FiboCode I also came to the same conclusion after watching you review video. I have now purchased this software instead after seeing such great reviews and your impressive results.
Hi Leroy, you made the right decision. Glad I could be of help.