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
Hello Mr. Kane,
Please, can someone in Nigeria trade with this signal service and expected positive results even though the person does not have much experience in binary option trading?
Thank you
Are you guys using Citrades? I was intending on using my current broker, but they don’t appear to have to the HH:30 expiries, at least right now I’m not seeing them. It doesn’t appear that I can see what expiries Citrades offers unless I make a deposit, and it also shows the investment amount in Euro, when I wnat to use US$. I’m in the U.S. Can anyone provide input as to a broker for U.S. traders that will work with BBW?
Use Marketsworld they have the right expiration time, and you can open up a demo account before you deposit any money!
Can anyone help? I bought BBW. I already have MT4 but it’s running from my desktop, not program files area, and when I run the BBW setup.exe, it doesn’t recognize that it’s on my computer. For some reason the custom indicators that I already run on MT4 don’t show up if I run MT4 from program files. How do I get this all synced up?
Is the discount no longer available? I don’t see any place to enter the discount code on the checkout page.
Still works. It’s there.
Jenniffer, They must have had it in for you (lol). Heres hoping next week will be better for you.
I am thinking of buying the software, but I am just waiting a little longer to see whether the responses will continue to be positive.
Hi John,
I have problem with the Meta 4 files… the screen
says that my account is not authorized…what does
it means?
Sounds like you haven’t spent enough time going through the members area. Do this.
I had a very rough start to the week. On Sunday MT4 told me my account information was invalid, so I set up a new demo account. It did not occur to me to check the broker information, so my GMT offset was totally wrong. During Monday’s New York session I noticed all of my USD trades were in the toilet even though I was trading during ranging conditions. It was then I suspected I had the wrong GMT offset for my new demo account. Once I got that straightened out things became a little better.
Monday and Tuesday it seemed like there weren’t as many signals as usual.
Most trades in the early Asian session are heading south on me this week, to the point I am considering not taking any trades until the open of the London session.
But indeed it has been a weird week. Oh, then this morning I go in to Citrades to place a trade and the platform is down – it came back up at :58 and by then I decided to just sit it out and not take any trades. Did it to me twice! I began to wonder if maybe they had picked up on my trading habits and were doing it on purpose ;)
What is going wrong for you this week?
Was it the brokerGMT you had problems with? Because since I’ve changed it to “0” instead of “3” things have improved for me.
From my painful experiences you are better off comparing your MT4 broker time to the UTC time.
When I googled FXCM, all google results said that it was -4.
But when i compared the broker time to UTC it was actually 0.
So be aware
UTC and GMT are the same thing, correct?
Hi Jason,
That is the only way to be 100% sure.
Hi Sydney,
Correct.
Update:
Last two days – 16 signals. 13W, 3 L = 82% ITM.
If there is any sign of a trend, do not trade. If you trade in calm, ranging market conditions. You will have great success.
Congrats on that level of success! Would you mind explaining the parameters you use to spot a trend (how many minutes/hours you look back) and what are the best ways to see that the market is calm and not choppy with lots of swings? Also I would like to know how many signals you received in total and how many trades you actually took. One final question – is there a time of day that you have seen that works best?
I have spotty success so far and need to refine my decision making. Thanks in advance for your help!
Hi Chuck,
Don’t trade any signals 10 minutes before open of EU (1 hr before start of UK session), UK, US sessions. Also don’t take any signals 10 minutes before the end of the above sessions.
You can use a simple 2 sma indicator (5 & 10) as trend / ranging Indicator. When smas are apart, sort of parallel & both pointing up / down, then it is a strong trending market. If they are wrapping around each other, like snakes, then ranging market. Once you try this for a week or so, you will not need the Indicators as you can just eyeball the charts.
Also when signals are given on the charts, put an up or down arrow above that 50 minute candle. Then simple to later eyeball the 50 minute candle open price, versus the 30 minute candle open price versus BBW predicted direction,
and see which signals work and which do not.
Hi Chuck. FxPhil did a great job of explaining the conditions in which I will place trades. I use bollinger bands, MACD and RSI (basically because that’s what I’ve always used). Using these three tools really helps me personally to spot a trending Vs. ranging market. Having said that, it really is as easy as taking a quick look at the last 60 mins or so of the chart. Zoom out a bit for some clarity and don’t overthink it. As Phil said, once you test these signals you’ll get a really good feel for which ones work. My main rule is, if I see ANY sign of a trend, I will not take the trade.
I usually have the best luck mid week. Mondays and Fridays are slower with fewer signals but still enough to make some trades. I always get 10-12 signals at night while I’m sleeping as well so there’s certainly potential to trade lots. I’ve had the software for 3 trading days only and I’m at about 82%ITM and I’m certain I can improve on that over time.
Good luck!
Hi Ryan,
What parameters are you looking at on the MACD and RSI to determine trend?
Thanks!
I don’t solely rely on the indicators to identify the trend. I just use them as a guide. I’ve used these three indicators together for my own trading strategy prior to using BBW so they are just one piece of the puzzle.
Things I look for are tightening of the B-bands, price touching the bands (I have three levels), RSI staying between 30 and 70, etc. If any of these things are happening, there’s a good chance of trending – basically the market gets loud. You want the opposite of that, quiet conditions. I think some fluctuation is ok, but things should be moving horizontally on the chart overall, not climbing or dropping.
Hope this helps, I’m just a beginner myself so my advice may be totally useless.
Lastly, I’d like to see more people posting results and/or advice on how this software is functioning for them. I think as a larger group, we can all help each other to use this product to its full potential.
Cheers
Sorry that should have read – “widening of bollinger bands and RSI outside of 30 or 70 = trending. Tight b-bands, RSI between 30-70, price away from the bands = ranging.
I found that in the directory C :/ programfiles/binarybrainwave/MT4files is located TMA Patrick indicator for finding trending or ranging market!
2 questions…1) Does anyone have a record of the trades so that we can back test? I think that would be very helpful in learning which trades to take and which ones not to take.
2) Has anyone come up with a good indicator to see if there is a trend that is more accurate than the eye test?
Thanks for keeping the conversation going!
I started yesterday with a BBW. I’ve traded “with eyes closed, without thinking” all available signals. My score is 33 trades, 22 wins, 11 losses. Now is the time to start thinking about and again read the manual look the trends …
I’m excited, I’ve tried a lot of indicators and “money machines”, but now it seems to me that I’ve finally found a working system. It seems incredible, finally gome the good luck in my yard …
I purchased the software this morning after sweet-talking my wife into letting me :)
It’s 8pm my time and thus far I’ve received 6 signals. 4 won, 2 lost = 67% ITM. The two losing trades were close. I’m just trading all signals for now until I get a better feel for the software. I’ll be quite pleased if I continue to see these numbers for now with obviously a goal to increase my winning percentage with being more particular about the signals I act upon.
The email notifications are great! I get an email on my phone, open up my brokers app, make the trade and get back to what I was doing. No more staring at charts for hours upon hours each day. I will continue to trade manually in the evenings but I’m happy to have my days back.
I’ll try to keep updating my progress as I go. Nice work Binary Brain Wave team!
Ryan
Hi Ryan,
After talking to BBW support, found out BBW generates signals during 50 – 55 minutes on the hour. However only the 50 minute signals are emailed, put in the alert popup and recorded in the Experts log. Signals which may occur later are only displayed on the chart. My testing shows the later signals to be OK to trade
Have asked them to please, treat all the signals the same. I feel that if the signal is displayed on the chart then it is OK to trade else why put it on the chart? If the later signals are not of the same quality as the 50 minutes signals, even though the later signals have the same generation time as the 50 minutes signals, then BBW needs to make that clear.
So to be clear BBW:
1) Generates signals at the 50 minute mark, puts them on the Chart, puts them into the Alert popup, puts them into the Experts log and Emails them.
2) Generates signals after the 50 minute mark (latest I have seen was at 55 minutes) and puts them on the Chart with the same time mark as the 50 minute signals. BUT these post 50 minute signals are not put into the Alert Popup, are not put into the Experts Log nor are they Emailed.
Anyone else have comments to make on this issue?
Phil,
Thank you for mentioning this. I have yet to receive any signals outside of the :50 time frame but if it is indeed happening, and they are viable trades, then it would definitely make sense to have these alerted to email as well.
On a side note, I’ve noticed that the time frame on the signals are in GMT, not in my time (AST). Does this make a difference at all? I have my GMT offset settings correct. Much thanks!
Ryan
Hi Ryan,
The BBW signal times displayed on the Charts are in your Broker’s time.
My Broker is at GMT+3 so it is very obvious. Also have a Time Indicator that shows GMT, Broker, Sydney, London, NYK and Local time. It helps to quickly convert without needing to do mental math, which can and does fail at the worst time.
I am concerned I have my GMT offset incorrectly setup. I am in the EST, I am using FXCM demo as my broker – on this page: http://www.fxcm.com/legal/trading-execution-risks/ it says the GMT offset is 0. I am not sure what to do – can anyone help?
Thanks in advance.
Hi Chuck,
Apparently BBW uses your local time to calc the Broker time and UTC. So it needs the offsets to be accurate. Also the session times are in UTC. If BBW’s calculated UTC is not correct then it may not do the trading halt as per news or as per the 1st hour of a new session.
Simple to find your Broker Time Offset. Open MT4. Press Ctrl+M or click on the Market Watch icon (white square with thin blue surround, Green up arrow and Red down arrow). Broker time is displayed on the top bar. Now open browser and type “Time is UTC” in Google search. Compare UTC to your broker time to determine the Broker Time Offset to input into BBW.
You should know your local time offset. If not type “Time is and calc difference from UTC. Input result into BBW Local Time Offset.
If you are using BBW ver 3, there is a AutoGMT option. Do not use it as it does not work properly. Go to BBW site and download BBW ver4.
hello can anyone tell me what is gmt offset for topoption broker?
That’s a binary broker. You don’t do GMT offset for the binary broker. You do it for the MT4 broker. Sounds like you should go to the members area and read again.
Can the software be applied to more than one PC once purchased?
If you use the same MT4 account on different computers then yes. One MT4 running at a time.
Great! Thanks for the reply John.
MOST IMPORTANT!!
When you click OK after setting your BBW time offsets, your Experts folder will show you your Local, Broker and UTC/GMT time. It is critical you check the 3 times are correct.
Here is an example:
2014.04.22 20:33:06.763 BinaryBrainWave_v4 EURJPY,M5: LibNEWS: TimeUTC : 2014.04.22 11:03
2014.04.22 20:33:06.763 BinaryBrainWave_v4 EURJPY,M5: Local time is 20:33(NEWS_GMT+8.5) 09:30 ahead of NEWS_GMT
2014.04.22 20:33:06.763 BinaryBrainWave_v4 EURJPY,M5: Broker time is 14:03(NEWS_GMT+3) 04:00 ahead of NEWS_GMT
Be sure the UTC, Broker and Local times are correct or BBW may suggest trades when it should not.
Also ensure you are using the latest version 4 of BBW and version 3 had a few time related bugs that could result in potentially incorrect trade signals.
The clock on my brokers website is my time (Atlantic time – GMT -3hrs). They have UTC time in brackets beside that. They tell me the assets are offered in GMT time. Does this mean I just place a “0” in the Broker GMT offset field?
Thanks
FxPhil, if you just leave everything on GMT (gmt, local, broker), wouldn’t it work fine? You still watch the charts then switch over to your broker when you want to act on a signal. It seems easier to me, especially to equate charts, signals, emails, etc.
Hi Sydney,
Apparently BBW uses your local time to calc the Broker time and UTC. So it needs the offsets to be accurate. Also the session times are in UTC. If BBW’s calculated UTC is not correct then it may not do the trading halt as per news or as per the 1st hour of a new session.
Simple to find your Broker Time Offset. Open MT4. Press Ctrl+M or click on the Market Watch icon (white square with thin blue surround, Green up arrow and Red down arrow). Broker time is displayed on the top bar. Now open browser and type “Time is UTC” in Google search. Compare UTC to your broker time to determine the Broker Time Offset to input into BBW.
You should know your local time offset. If not type “Time is and calc difference from UTC. Input result into BBW Local Time Offset.
If you are using BBW ver 3, there is a AutoGMT option. Do not use it as it does not work properly. Go to BBW site and download BBW ver4.
if the broker time ( like you said at the top of the bar after i press ctrl+M) same with the utc i google, therefore i just put “0” on the broker offset in mt4? because the different is “0”.
So, as it turns out, my broker (customer agent) told me the wrong GMT offset!! ARGH!!!! So don’t trust your MT4 broker agent. Use the GMT website and do the math. Onward!!!
Hi Trint,
It is simple to find the Broker Offset yourself. See below.
Apparently BBW uses your local time to calc the Broker time and UTC. So it needs the offsets to be accurate. Also the session times are in UTC. If BBW’s calculated UTC is not correct then it may not do the trading halt as per news or as per the 1st hour of a new session.
Simple to find your Broker Time Offset. Open MT4. Press Ctrl+M or click on the Market Watch icon (white square with thin blue surround, Green up arrow and Red down arrow). Broker time is displayed on the top bar. Now open browser and type “Time is UTC” in Google search. Compare UTC to your broker time to determine the Broker Time Offset to input into BBW.
You should know your local time offset. If not type “Time is and calc difference from UTC. Input result into BBW Local Time Offset.
If you are using BBW ver 3, there is a AutoGMT option. Do not use it as it does not work properly. Go to BBW site and download BBW ver4.
to know offset broker mt4 is easy ah! actually i have been experienced on how to know my broker is. =(
okay this is the step!
at mt4 go to view>navigator > at the top of there is account and below the account that is your broker name!!! etc AvaFx, Markets.com ,Alpari Uk, FXCM and so on… based on what it state on your account after that just google your broker offset. DONE!
From my painful experiences you are better off comparing your MT4 broker time to the UTC time.
When I googled FXCM, all google results said that it was -4.
But when i compared the broker time to UTC it was actually 0.
So be aware
I had the same issue. I’m attributing that bad trading day to my broker’s GMT offset being wrong. Been doing better since I changed it to 0!