Published on May 8th, 2018 | by John Kane39
Indicator Review: The Binary Destroyer
Today I’m looking at a new binary options trading indicator built for the MT4 platform, the Binary Destroyer. According to the sales page, the developers dealt with many binary options signal providers over an extended period of time that more table to deliver the results they were providing. They then felt that they should take their own knowledge and apply it to the markets, and provide traders with a real opportunity.
The creators of The Binary Destroyer Ltd are Jamie Palmer, and Michael Vert. Their offices are located at 259 Welland Park Road, Market Harborough, Leicestershire, LE16 9DP. They are a registered company in England and Wales with the registration number of 10856999. To get in touch with either of the developers, or the support team, traders can email [email protected] or call 01858 464024.
The Binary Destroyer Review
Jamie and Michael claims that after around 12 months of consistent profits with their price action-based indicator, they felt it was ready for the marketplace. “The Binary Destroyer is an MT4 template that can be used to trade both Binary and Forex from short term trading to long term trading.” Outside of these statements, there is no other information about the indicator and how it works. I would really like to know what pairs and time frames the system works on, and how they are using price action to provide trading signals.
At this point in time, the sales page does not provide enough information on the software. The developers do have a Facebook channel, and a YouTube channel, but I haven’t seen any real discussion about the strategy in either of these social networks.
Along with the MT4 binary options indicator, the destroyer package also comes with lifetime support, unlimited updates, one-on-one trading, video tutorials and unlimited coaching.
- Type: Binary Options Indicator
- Price: £100
- Pairs: Undisclosed
- Expiry Times: Undisclosed
The software is moderately priced, and there are quite a few videos showing how it can work, but most of them are focused on promotion. Hopefully, we can get a little more information about what expiry times and pairs this strategy works best on. I generally don’t like getting involved with the system before I know the type of approach, and the type of signals I’ll be receiving. In the past, I’ve signed up with trading systems to find out that they only work with 60 second trades, and that’s essentially just gambling.
There doesn’t seem to be any trading results on the Binary Destroyer website. Considering the indicator has been on the market for approximately 8 months, I’m surprised that the developers haven’t been able to keep track of their wins and losses. Many of the videos may claims of winning percentages in the 80-95% range, so I’m not sure why there are no results to corroborate these numbers.
Instead of trading results, the developers focus more on member reviews which come in the form of cell phone screenshots of text messages, and messages from Facebook messenger. While some of these reviews are impressive, with traders claiming to win 11 straight trades on their first day of using the indicator, there is nothing that suggests that the system can perform consistently in the long term.
Are only recommend the developers start keeping track of their wins and losses, over an extended period of time so that we can see exactly how the software trades, and then determine from this information if it’s the right system for us.
As is the case with many of my reviews, the Binary Destroyer seems to be lacking in 2 main areas. They do a poor job at explaining the strategy, and don’t provide us with any real verified trading results. That doesn’t mean that this is a scam, or something that should be totally avoided, but it’s clear to me that more information needs to be made available before I can consider signing up. Hopefully, the vendors will provide us with more trading results and information about the strategies moving forward.
Thank you for reading my review, and please leave a comment if you have anything you would like to add.
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