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
Having a great start to the month with BBW.
I think that I’ve figured out the range detector and I’m in a position to win just about every signal I receive.
Very happy.
hello Kenny , can you share with us how you are doing it. thanks
Started using the Brain Wave software alongside your free Range Detector and it’s performing better than I expected.
I bought this software a couple years ago but never had much luck.
The range detector is easy to use and it changes everything.
I’ve made $3250 this month.
Hello, how are you doing it now, can you please share with us?
I receive signals every hour at the 50 minute mark.
I look at them and make sure that both 30 minute and 1 hour say RANGING in the range detector.
If this is the case then I place the trade.
If it’s not ranging, I don’t place the trade.
I don’t spend very much time analyzing trades, it’s fast.
thanks Alison, please do you have specific times that you trade?what has been your itm rate so far with this strategy
Hey Andy, I’ll trade most of the New York session every day and my ITM is 76%
Ah Ok, I read on down the Blog. So Ranging market is the way to go. So is The Range detector a Free software? Where do I read more about it and where to down load?
Thanks !
Hi Eugene, yes, it’s a free software. You can get it at the bottom of any page on my website. Just social share to unlock. It’s on this page right after the article.
Well done Alison.
I’ve recently implemented this Range Detector and it’s totally changing my mind about binary brain wave.
I’m getting consistent profits now.
Hi Yanis,
How long have you been trading with BWW and how many trades do you average per day?
I’ve been with brain wave for 3 months.
How many trades do I average? I get around 3 trades an hour.
There’s always a lot of trades but I only want to trade when the market is ranging.
Tahnks for the info Yanis!
My next question is how many trades do you do per day on average? Do you trade all 5 trading days?
I just started with the binary brainwave 3 weeks ago and I’m having incredible results.
In conjunction with the range detector this software is unstoppable.
I’ve only traded on demo so far but I’m at 84% and I’ve made 60 trades.
I’ll be going live soon and letting you know how I do.
Hello Paula congrats, can you please share with us how you trade it successfully? thanks. what times you trade and what you look out for in the range detector
I use the range detector tool and I only trade signals when both 30 and 1HR are ranging.
This is a simple strategy to follow.
You won’t have as many trade opportunities but you will win consistently.
thanks so much Paula, will give it a try. God bless
Wonderful insight Paula.
I will try your strategy next week.Thanks
Brain Wave really going well for me lately.
I like how it provides trades every hour at the 50 minute mark.
I just walk over to my computer for a few minutes an hour, take a quick look at the range detector and pick out some big winners.
Trading is starting to become fun again.
I’m really happy to hear that Bill.
It’s good to know that there are other traders in this market having success with the same systems that I am. Binary brainwave is consistently driving my account forward and I’m extremely excited about using this in the future.
Hello Peter , can you share with us how you trade binary brainwave successfully.thanks
Hello John,
How do you use the Range Detector in combination with BBW?
Could you give an example, that would be helpfull.
Hi Marcel, I want the software to tell me the market is ranging for 1 Hour and 30 Minutes and then I will take the trade. If not, I ignore the trade. Simple but effective.
Thank you John you do answer all emails. Thank for you assistance with BBW and also thank you David. Hope following you video will improve my results.
Hello John,
I have studied much on your website as advised and with your live trading video as a guide I think I am prepared to take the plunge into BBW. Kindly verify the discount coupon as it didn’t work when I tried to make the purchase.
Regards,
Ade
Hi Ade, it works. Try copying and pasting it, or try another browser.
Hi ntbrk …
Yes , I am referring to John’s Range Finder aka Range Director.
When I am trading for the 40 mins , I will always be looking for BOTH the 30 mins and 1 HR indicating ranging conditions.
Hope this helps..
Cheers
David
David, your comments on this thread have really helped me turn my trading accounts around. I really wasn’t sure what I was doing with binary brainwave until I came here and started reading your trading approach.
I just want to say thank you and tell everyone else here to read all of David’s comments because he is clearly on the right track.
Thanks for your kind comments Sasha…
This week to date , has been an up and down week ….. most RD indicating “strong” or “weak” in both the 30 min and 1 hr trades. Have had very few trades :
11 won , 3 lost = 78% .
Happy to share on this thread ……
Cheers
Well done David, you are in charge! :)
thank you happy trading
Hi Andy …
Did not do many trades last week …. not many opportunities where all my criteria were met for trading..
Will let you know how this week goes.
Ok David, thanks
Hi David just read your comments and i was wondering what do you mean when you said RF is that the same Range Detector? To trade the 40 min window do you look at the 30min or 1hr range detector?
Hi Andy …
Sorry , my maths were wrong in my original message.
I go back 14 bars to see if that pair is ranging.
If it is a little out, then I go back 20 bars ( 1hr 40 mins ) to make a decision if I take that trade or not.
Hope this helps…
Thanks for raising this point.
Cheers
David
Perfect David, thanks for the response. So far, how is it going for you with this strategy
Hi Tiberio…
I use the bar charts per the MT4 . Each bar represents 5 mins , so to find out if that pair is ranging for up to two hours back , I just count back 14 bars.
I do not use the RD to go back 2 hours.
I ONLY trade if the pair is ranging ( NOT trending) . Preferably both the 30 mins and the 1 hr time period per the RF tool..
The BBW installation video covers the trading strategy very well …. identifying a Ranging market and a Trending market.
Hope this helps.
Good Luck !
Cheers
David
Hello David, 14 bars will be 1 hour and 10 mins. so that will be ok to determine ranging, right?
Hi David,
Thank you very much for your informative reply. I am testing BBW on a demo platform and in few days I would like to share the results on this thread. Just have the feeling that with your strategy you can place very few trades, since it is rare that a BBW signal is confirmed by both the 30 mins and 1 HR indicating ranging conditions, at least in my still young experience. Guess not more than10-20 % of the times …
Hi David when you receive the BBW signal alert if it meets all the criteria are you placing the trade immediately and/or do you have 10 minutes to place once the signal has been received.
Thank you
Hi Damian, he would place it immediately, none of the signal systems require you to wait.
Here is a Binary Brain Wave topic of conversation I don’t believe we’ve had yet.
News events.
For anyone who would care to comment, do you have all of your news filters on or do you have them all turned off?
The reason I am starting to think about this is because John mentioned he has his news filter for the Binary Today Trader turned off so he receives more signals.
Is it a good idea or a bad idea to apply the same thought to Binary Brain Wave? Maybe it’s actually something in the middle of the road. Perhaps Existing Home Sales really doesn’t have much of an impact where as Non-Farm Payroll does.
Thoughts?
Hi Jennifer,
According to the BBW Settings, it says that should turn the news filter on for each currency of the pair you are on.
“News Filters by Currency: If you have the EUR USD chart open you would set EUR and USD both to TRUE. The rest would remain false. If you trade EUR JPY you would set filters for EUR and JPY to TRUE, the rest false.”
Hi Emma ,
You are most welcome…
Great to hear of your success.
Cheers
David
Hi all …
I posted my comment on my BBW strategy a few days a go.
Just like to add two other things I always look for before placing a trade:
1. I always go back on the charts ( use the bar chart) for at least two hours to make sure this pair is ranging ( not trending).
2, I always check the charts to see if that pair is moving up or down. (ranging).
Example: Just followed a trade with the EURO/USD which was ranging for 30 mins per the RF.. The rate had hardly changed in the last 15 mins so I did not trade. Suffice to say ….. the trade did not come through.
Hope this helps our community.
Cheers
David
Good stuff as always David.
I just started last week and I’ve since started taking your advice David.
It’s making a big difference and I’m winning most of my trades now.
Thanks for the help.
God bless you David for sharing. I am putting it into practice and what I will say is wow. It works like magic. Avoiding all bad trades. Thanks
Hi David,
Thank you for your suggestion. I am still practicing as I am a beginner, so I would like to be sure I could grasp what you explained. I use BTT, TA and RD on my MT4: when you say you go back on the charts for at least two hours, you mean you read the Range Detector data, or you look at the bars? If the latter is the case, how can you manually do that? And you put the trade only if the currency pair you’re considering is ranging, or on the contrary only when it is trending?
Thank you for sharing and excuse me if I asked silly questions.
Tiberio
Hi David,
In your February 15 example about your at-least-two-hours-back-ranging-check strategy, you stated that you did not trade a EURO/USD signal which was ranging for 30 minutes according to John’s Range Detector because its rate had hardly changed in the last 15 minutes. But isn’t that a sign that that particular trade was ranging and not trading? So, why you did not place the trade?
Thank you for your further explanation.
Tiberio
Hi all…
Just wanted to share my strategy. I have been with BBW for the last 7 months .
Would like to share with this community my new strategy :
1. Only trade with US/EUR , US/GB, US/JPY , EUR/JPY, EUR/GB.
2. Only take trades with reference to John’s Free Range finder.
3. Only trade when either the 30 min OR 1 hr RF shows ranging .
4. I do not take any other indicators …. just makes things too complicated.
That’s it !
An example : Its Friday here in New Zealand , a bad day for trading. Today have traded 20 trades … won 16 lost 4 = 80% win rate.
Would like to take this opportunity to acknowledge and thanks to John for all he is doing on this site.
You are changing peoples in a big way my friend. Well done….
Will keep you all posted on future progress
Cheers
David
Hi David, I’m really impressed with your trading approach. Just this morning another of the long term readers (Zeo) was sharing his success story. I’m happy to see the people who regularly contribute to this site having the success that they are. It makes this all worth while.
Really great stuff David.
I use a very similar strategy to yours and it works very well.
BBW is looking strong in 2016.
Wow, great resource here.
Going to start my week off using your specific strategy David.
It sounds well thought out.
I’ll start my test with $400 and see if I can double it!
Hello David,
You said you, “Only trade when either the 30 min OR 1 hr RF shows ranging.”
Is the emphasis on “or”? Do you have more success when it’s one or the other, not both?
Easily my favorite system of all time.
It’s been years and I still use brain wave every day.
I use your free range detector and pick up a winning trade every 1-2 hours.
Glad to hear that, I jumped in three weeks ago and I’m glad I did.
Do you have any strategies you would like to share?
I’m winning 76% of my trades in my first three weeks but I’d like to increase that to over 80%
Strategies? Not doing anything difficult Bobby.
Just check the range detector to ensure the market is ranging and then place my trade. Easy peasy :)
Hi Ray
Do you confirm the signals if and if only ranging in both of 30min and 1h or It is enough 30min only or 1h only?
I only trade ranging as the members area explains. I try to follow instructions very closely when trading. You never want to miss a step so if you haven’t spent an hour or two in the members area I recommend it.
Pulling my ITM over 75% this week!