Binary Brain Wave is a binary options software that I trust and use every single day. If you visit Binary Today frequently you will know that I rarely (if ever) give rave reviews, but this software has won me over.
Today I will provide you with a full review, walk you through how this works and how it will work for you. I will eventually make a full guide on how I use this software as well so stay tuned for that.
This is one review, I assure you, that you don’t want to skip!
Try Binary Brain WaveYour rating: [ratings id=”29368″]
Contents
Binary Brain Wave Introduction
Now I will walk you through my experience with the binary brain wave software.
Click to enlarge (members area screen shot)
Often the process with a new software can be very difficult, but this is not the case with the brain wave. This software comes with a setup file which can be double clicked and will install the software for you. The members area is also very well laid out and provides you with easy to follow descriptions of the installation and how to trade the signals.
Here is a screen shot from the brain wave members area that shows the clickable tabs and areas that can be expanded to show more information.
The bottom line is the installation process is very simple (took me 5 minutes) and you aren’t required to sign up with a broker to gain access to the software. Which is a big plus in my eyes.
Binary Brain Wave Video
In this video I show you the site, the members area, the software, a real signal and live trade.
Binary Brain Wave Signals
The quality of these signals are excellent.
They have a very profound strategy that uses multiple indicators to filter out bad conditions and give you many different options. The strategy uses the 5 minute chart, and sends signals nearly every hour at the same time, 50 minutes after the hour. The expiry time is also 100% specific so you know exactly when to place the trade.
You would get this signal at 23:50 you would place a CALL trade and you would set the expiry for 40 minutes after, in this case 0:30. This makes it very simple to place your trade because there is no work required on your part except for placing the trade.
Binary brain wave signals come in three different ways:
- In MT4 on chart
- In MT4 in experts tab
This way you never miss a signal. Since there are very frequently signals with this software I tend to just trade right off the chart so that I can use my own knowledge in the trading process. In the trade example above we can see that the market is ranging which is when this software is the most effective. They talk about this more in the members area so even though they filter out bad conditions you can spot them yourself as well.
Important aspects of the binary brain wave software:
- Trades 6 Pairs (EUR/USD, AUD/USD, USD/JPY, GBP/USD, EUR/JPY, NZD/USD)
- Provides signals in all sessions
- Free installation and 24/7 support
- No required broker signup
- Provides over 10 signals per day
- Hitting over 80% accuracy for the past two years
- Free upgrades for life and no upsells (one time fee)
My Binary Brain Wave Results
I have been testing this software for the past 6 months and I have had outstanding success. Keep in mind I don’t trade every single signal they provide. I have a family, this web site, my own manual trading and other responsibilities. The stats are provided in W (Wins) – L (Losses).
2013
- October: 14-2
- November: 26-7
- December: 22-4
2014
- January: 25-5
- February: 15-6
- March: 33-6
- April: 15-3
- May: 21-5
- June: 18-2
- July: 22-1
- August: 19-4
- September 21-7
- October 15-4
- November 31-5
- December 14-0
2015
- January 26-8
- February 29-9
- March 22-5
- April 20-1
- May 29-2
- June 18-3
- July 24-2
- August 38-4
- September 20-4
- October 21-5
- November 25-3
- December 17-1
2016
- January 16-3
- February 21-3
- March 26-4
- April 10-0
- May 21-5
- June 35-3
- July 12-3
- August 14-25
- September 8-6
- October 14-7
- November 10-3
- December 21-4
2017
- January 16-0
- February 11-4
- March 12-2
- April 18-3
Overall: 722-163 (83.1% winning)
Binary Brain Wave Conclusion
I am really happy to see a software as strong as the binary brain wave force it’s way onto the market. This is the type of software that all developers should be focused on designing. It is complex in strategy but simple in utility.
I recommend this software officially to all readers of Binary Today. I have gone out of my way to find a discount coupon they will be honoring for the first few copies sold, I will try to get it extended if I can.
15% Off Coupon: BINA-CODF-WAVE
Up until this point I have been trading every signal I am awake for (or at the computer for). Once the trade is executed I then evaluate the chart and write down my guess as to what I think the results will be. When the signals expire I evaluate the success or failure of my guesses. I did this for two days. I pretty much stunk at it the first day, then yesterday on day two I was beginning to understand, and by this morning (I am in the United States) I felt like I had a pretty good grasp on it.
So I looked at the BBW signal to buy the USDJPY at 14:50 and based on what I saw on the chart (not just depending on the signal itself but reading the chart as well) I made the decision this would be a profitable signal. I then placed the trade. Understand this is a big step for me; I made the decision and THEN placed the trade.
I was right! I executed a buy order at 14:50:34 for 103.875 and when it expired at 15:30:00 it was at 103.902. In the money, honey!
Let’s see if I can do it again! I will continue to post my successes and failures here in my own thread so as not to clog up the comments section.
Congrats Jennifer. If you can use a little common sense / market / news monitoring in your use of these signals you will have an incredible success rate. Some guy on the Forex Robot Nation post has 13 straight wins to start by monitoring the price history / movement from the candles and watching his Forex Factory FFCAL indicator for news.
Received a signal to Sell EURUSD at 16:50. I took a quick look at the chart and decided that I would not trade this signal. I went to my broker’s demo account and executed the demo trade at 16:50:44 just to see if I was correct. Opened at 1.37143 and closed at 1.37177. Yeah, baby! It seems like I am getting the hang of this… hope so!
Do they teach inside the members area what to look for in the chart before placing a trade?
Yes they do. The main lesson is to pick trades when the market is ranging not trending. They show images and it really is a simple eye test to see this.
Why did you decide you would not trade the signal? What kind of analysis are you doing?
I did what Binary Brain Wave told me to do. Do not trade in trending conditions.
If BBW told you to do that, it should not have given the signal in the first place, unless it is not capable of detecting trends. But detecting trends is a basic function of signaling software, no?
Binary Brain Wave makes it very clear to the customer: here is your signal – trade if ranging, do not trade if trending. That is all I know, I am just a customer.
So Jennifer, it is NOT simply a matter of … receiving the signal and placing the trade? You must first master reading charts so that you understand ranging vs. trending? As I read your post, this is a crucial step in deciding whether or not to even act upon the signal?? Is this ‘skill’ fully taught in either the CITRades web site OR the Binary Brain Wave software materials?
Thanks for your very helpful posts. Please keep it up. I too am in the US and am (obviously) a newbie. I don’t want to lose money through my own ignorance of how to play this ‘game’. Also, if you are willing to respond to my email (savapet@aol.com) I would love to ask you a few questions. Your answers will help me sleep better at night!
Thank you again!
Hi Elliott, I am comfortable letting everyone know what I have done and what my experience has been, however I could not ever feel comfortable giving someone advice about what they themselves should do. For BBW their instructions are to trade when ranging and not trade when trending. What that says TO ME is not to trade every signal. My experience in reading charts is pretty darn limited. I first became enamored with Forex around ten years ago and started limited research on candlesticks, indicators, etc. I gave up on the idea at the time and revisited the topic about five years ago. Unfortunately I gave up on it again. Now my children are grown, I manage two successful businesses, and I am more mature and have more time to devote. That is why I have been able to have my laptop near me for pretty much all of the past four days. I am really glad the markets aren’t open today (Saturday) and that I can kind of rest my weary head. I have demo traded as many of the signals as I could. Those I was not awake or near the computer to trade I back-tested on the chart, moving the chart to :45, looking at whether the signal was Buy or Sell, deciding if I would have traded the signal, then looking at the Open on the :50 and the Close on the :30 to see if it MAY been ITM or OTM. I prefer to test live on the demo account so I can see for certain in my broker platform what would have been ITM or OTM. Back-testing isn’t as reliable for knowing whether I would have been ITM or OTM because I am taking the Open and Close on the chart; my entry would not have been exactly at the Open. Back-testing is giving me some practice at looking for range versus trend though. What I might do, if it is okay with John and with the folks at BBW, is share my live demo results with you. It isn’t possible for me to give you the results of every BBW signal for two reasons; one is that I have to sleep at some point so there are some signals I do not demo trade live, and two is that some of the signals BBW gives I cannot trade because Citrades does not make the currency pair available on the platform at that time. I will not do screen shots, but I can give you the signal and then the result of the trade according to my broker platform.
The analysis is remarkably simple. I’ve never analyzed charts in my entire life but spotting a trend the way they show it makes it real easy. Once I figured it out I ran off 14 straight wins. It really doesn’t take much effort at all to glance at the chart to make sure the conditions aren’t awful.
Ralph, I am in the same boat as you, learning as I go. How far back do you go when you are analyzing the chart, after receiving a signal?
Happy Monday everyone. Joe’s question is definitely my question of the day. Nothing new to report here in my neck of the woods except that I am getting better at identifying a range after so many years of having my eyes looking for trends. It’s like one of those puzzles where everyone says, “Isn’t it obvious? It’s just the flip side of what you were looking at before!” and you’re standing there squinting and going, “Uhhhhh, whaaaaat?”
I usually look back a few hours. Zoom in and zoom out quickly.
They show good examples in their new members area video (at the end of the video).
I was going to thank you for that video, John! Slipped my mind. The video really does help.
I won’t comment on every signal but I want you to have a variety of opinions and experiences from me. Keep in mind that right now I am still in “funny money” mode; I am not trading on my live account yet. At 18:50 two signals came in. I looked at the chart for both and it was mediocre information, so I decided that if I were trading on a live account I would pass on these two signals. I traded both signals in my demo account just to see what the results would be, and they both closed ITM.
Hi Jennifer,
Good work from you showing your results, seems a bit strange having software that gives you signals and then you have to do analysis to decide whether they are valid or not.
The whole idea of buying software or anything to give you signals is that you can trust them and just do them in the knowledge that they give the % success that is advertised.
Not really any point otherwise, you may as well just do your own research and decide your own entry points.
The system I have developed for my personal use on the 1 hour charts gives a consistent 80% success in most market conditions, I was looking for something maybe to add to it, but if your success rate is only just above 50% with the signals you are getting it doesn’t seem to be living up to the promotion.
Colin, with all due respect, I can’t blame you for having this opinion because every single software out there is selling you some dream.
Taking 10-25 seconds to look at a chart after you get a signal is hardly a difficult task for any level of trader.
Last week I had 12 straight wins and I spent 2-5 minutes analyzing the charts to achieve these trades.
Of the people I’ve spoken to, the software and strategy is over 80% for all of my readers.
I’m no pro trader and I’ve won 9/10 trades I’ve taken so far. I don’t mind spending 10 minutes a day picking out winners. Makes me feel like I’m learning something too.
I think people are too busy looking for an easy way out, put on your boots, grab your lunch bucket and get to work!
Are you going to share your system with us Colin or are you just here to brag?
Even trading the trend I was doing over 60% easily Colin, and not over a two day period either. You’re jumping the gun.
Have you used this software or are you just guessing at this point?
Will you be providing us with your 80% system?
Like you I’m no pro trader, I also do not know the first thing about programming and wouldn’t know if the way I trade Binaries could be automated or not.
Hi Colin,
Nobody is asking you to automate or program your system. We just want you to share it with us as is.
I assume that’s why you brought it up in the first place.
On another point, I don’t know if anyone outside of the UK can use them but I use a Broker called Binary.com, their payouts for simple up down binaries are generally about 90-95%, sometimes 100%, you can place binaries from 1 min up to 7 days and anywhere in between.
Can you share your personal system that gives a consistent 80% success with me?
Expecting your urgent response.
Drella, the system you are asking for is the system this review page is about..
Colin
You have to realize that nothing is perfect and software applications are just to assist you in making a decision. About a year ago I stepped into John’s website looking for an online trading solution. I found it and I really appreciate Binary Today for giving me the tools to make some money, I started using BOB and I have no regrets, I just learned from BBW and bought it yesterday and by being an IT professional, I know I will achieve the same results or better with it.
BBW has increased every year their winning percentage, soon we will see a 90% ITM. In trading there are winnings and losses but our goal is to cut the losses short with high speed software like these two recommendations. Go for it!!!
Just received three signals at 13:50. This still baffles me and I would appreciate any explanation. It is regarding brokers. For two of the currency pairs the broker is not offering a 14:30 close, so I won’t trade them. The third currency pair it is not even available to trade on the broker platform right now. I wonder how they decide make their decisions regarding which pairs they will trade in which times and even which pairs they will make unavailable.
My apologies. The times above are LOCAL time. The times should have read 19:50 and 20:30.
I know in the UK, the EURUSD is not available to trade Binaries on some platforms between 10.30 and 13.30 GMT, all other pairs are not affected by this restriction.
Hi All,
Does anyone have any definitive trading results yet using this product. Is anyone actually getting close to the 80% ITM?
How many signals taken per day?
John, did you keep a trading log when you beta tested this?
Such info will help a lot of us.
Bob O
Agreed with bobo
Ya, I’m crushing it with brainwave..
Well over 80% ITM right now, still early but I have some knowledge in trading and I’m starting to understand and recognize elements of the strategy that I really like..
I just marked down when I won and when I lost.
Never put together a trading log, it’s a good idea but I’m a quick trader, try move on to my next opportunity as fast as I can. Only have so many hours in the day for analysis.
The system is meeting my expectations and that’s the main thing.
Hi mates,
Do I HAVE to have a PC/Mac? I work only from Smartphone. Will it work?
/Marckus
Not sure Max. I think your best bet would be a VPS.
John
If I have a Mt4 account and chart already set up, will I have to download a new Mt4 for bbw?
Thank you introducing this to us beginners! Have a GREAT trading day!!
No, you can use the same MT4.
Just click and open more charts in that MT4 for you to put the software on.
Hello John,
I’ve just subscribed to BBW set the software and its showing on the platform
No signal at this time pls do you have an idea when I will start receiving signals?
Secondary,
The email alert stuff, I’ve been trying signing up at gmx.com but its not signing me up so I want to know if I can use some other hosted email like info@gig4you.com or normal gmail pls your response thanks
You’ll start receiving signals right away. Make sure you’ve watched all the members area videos.
You’ll get signals right away.
John thanks,
The signal now working but few questions here please.
I finished the process yesterday and decided to use today to observe the behavior of these signals I noticed that almost all of them are 30 mins trading signals using the 5 mins chart tab and only one or two signals came with 1 min chart tab.
So why is it that none of the 15mins, 30mins, 1hour, charts etc.. tabs would not indicate any signal?
please I just need some idea here!
Thanks
It only works on the 5M chart. Please spend more time in their members area, it answers all of this.
Hello everyone, I have traded FX for many years and actually made money on a consistent basis, I feel silly for asking this!!!! having difficulty converting the time frames when a signal comes in? If signal comes in as 1:30 and expiry is 30 minutes later, how is it set for 2:30, thanks for the help. Mary…..
Hi Mary,
The signal comes in at 1:50, the expiry is 2:30.
The signals always come in at :50 not :30.
Congratulations, Jennifer! For those of us who’ve had our fingers burned too many times, how about taking a screen shot of the 4 trades in your Citrades brokerage account (obviously leave out your personal details) and post it to a free, anonymous upload site such as http://www.photobucket.com. Just to prove that the software works and you’re a genuine customer. Thanks in advance.
Hi Ann. I didn’t want to leave your request dangling out her without a response. Screenshots and the like are for John to produce. He is the one who has something to prove and something to gain when you buy this tool. I am just someone who is posting to let people know that I purchased this yesterday and what is happening in my journey. Believe it… or not. Take care!
Thanks Jennifer, I appreciate your reply. Thanks to the other scams out there I’ve had my faith in anything binary options sorely tested. I’m sure if this software is genuine then others, even if not you, will be flocking to share and prove their results so I’ll wait and see.
That’s fair, Ann!
I am testing BBW. I wanted to report there were four signals just now (April 2 at 12:50 GMT). Three of them were ITM. I wrote down notes at the time of the signals regarding which ones I would have taken. I would have traded only one signal, and it would have been one of the three that were ITM. A great start to my day, even though I am only playing with “funny money” right now.
When 4 signals pop up simultaneously I will generally just analyze them quickly, see which one is in the best ranging conditions and trade it. I rarely trade multiple signals at a time, but it is a good idea to do this at first and mark down what currencies you notice are having the most success for when you do go live.
Hi John! You hit the nail on the head. I am testing, so I executed all four trades in my broker’s demo account to see what would happen. I have been spending a lot of time learning about range versus trend and I feel like this time next week I will be able to quickly spot which trades I want to take for real. Let the good times roll!
Hi John,
How come you use BBW “every single day” and here in the comments I see customer 1 And 2?
Hi Rolf,
I understand your skepticism, but if you plan on being skeptical please make sure that you read the entire post before you start making a judgement.
If you read the whole article you will see that I was part of the beta tests for this software for a long period of time.
Hi John,
Indeed I was way to early with my question. After posting here I read that you testes the software. So my apologies to you!
I have a couple of MetaTrader4 installations on my PC already, because it seemed that no one provider had all the assets. If I install again from the BBW purchase, who will be providing the price feed? And is there support if I can’t get it to work? For the other installs, I had to move everything to my desktop (vs program files) to get all the indicators I was trying to use to work.
Btw, appreciate review and the helpful comments from everyone. This looks exciting!
Yes they have full installation support. Any MT4 price feed works.
Yesterday I bought BBW, must say the signals are very good. Easy install and works perfectly with email alerts.
Great to hear Rolf.
John, which would you say is an easier method to work with – BOB or BBW – for someone just getting into trading?
Hey Joe, really both options are great.
Brain wave is new and shiny though so I’d lean towards getting that. Plus the installation process is simpler because they have a setup.exe.
Pardon the hasty inquiry I realized that the trading time is 30 minutes in the example you gave. I just placed my order. Thank you for sharing this bit of information John.
Can the specific 40 minute expiry time be set manually on any broker’s trading platform?
Ya works with all brokers, you can just click ahead.
Works with 30 minute expiry times. It comes at 1:50, you set the expiry to 2:30. That simple.
please which broker is best and has no problem in terms of withdrawing and if you had withdrawn from them,also with minimum deposit and trade amount
Go with the recommended broker, from the members area.
I want to mention too that the email signals work! I was NEVER able to get the BOB signals to work, no matter what I did. I even set up the email in MT4 the way BBW says to and my BOB emails still did nothing. That right there is enough to keep me on board with BBW.
LOL! Woo hoo! I am customer #2. I just put my first test trades in to Citrades so let the good times roll!
i just purchased BBW based on your review and the info on their website. after buying, registering, downloading and installing it on MT4 I thought all was good till i ran into a problem…. when trying to activate my MT4 account with them through the “Add Acount Now” button in the members area, I get redirected and it tells me i do not have enough privileges… so now im completely stuck and dont even get signals
I contacted their support regarding the issue, now i guess its time to wait for their reply, lets see how things turn out
Hi Vlad,
I contacted them on your behalf. They resolved the issue. You were their first customer so you were caught being a bit of a guinea pig.
Dear Vlad will you tell us how is going? Are you satisfiy with yhe results? Please let us know. Thanks
They fixed me up in minutes after the post..
My results since have been mind blowing! I just don’t know what to say.. the accuracy of these signals so far is over 90%. It’s been everything I’ve hoped for.
Thanks for the review, this looks exciting. I’m running Binary Options Bullet on Metatrader so how would I go about using this as well? Could I have both signals running on one Metatrader or would I need to open a second free Metatrader account and have one running on each?
I would like to know the same question. Can we use it on the same MT4 where is BOB?
Thanks
Yes you can run these together no problem.
I have them running both together.
Mostly been using Brain Wave though. Been extremely happy with my purchase so far. I don’t want to jinx it but I tripled my account and I’ve never had success with binary options until now.
Sally…how are you using both programs??? …to successfully trade????
Thinking of buying both programs to improve my odds.
Hi John! I appreciate what you are doing, keep up with the good job. I need some assistance, I tried downloading the demo version but I couldnt , what should do please??? Thanks!
There is no demo version of brain wave. Wish I could help.
Hi John! I want to ask a stupid question, please how do I get the coupon code?
It’s at the end of the review before the comments on this page that you are commenting on.
I’m getting over 80% ITM now! Started around 60% and worked my way up to 80% over the last few months. Thanks John for telling me about this one.
Another BIG week! Traded a lot this week and went 16-3. Got a beer in my hand all weekend celebrating :). Have a good weekend people.
Awesome Ralph.