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Published on November 16th, 2017 | by John Kane

9

Indicator Review: The Binary Destroyer

Indicator Review: The Binary Destroyer John Kane

Summary:

3


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 thebinarydestroyer@gmail.com 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.

Details

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.

Trading Results

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.

Conclusion

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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About the Author

I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


9 Responses to Indicator Review: The Binary Destroyer

  1. Tish says:

    I bought this indicator and joined the BD group after reading this review John. I made profits from day one with it and glad I found it. Thanks John

  2. Suraj says:

    I know Jamie very well and a very helpful and successful trader. Been making a steady profit with the BD for a while now. Best Buy I ever made! Suraj

  3. peter says:

    Hello John Kane, I have owned and been a part of the Binary Destroyer and its a really good group to be a part off. The support and training has really helped me and the indicator is amazing. I only gave up with trading because of my poor eye sight staring at the pc for a long time. I would highly recommend it though.

  4. Sarah says:

    The BD is the best indicator out there. I’ve been following the progress for six months before purchasing and I can say it’s worth it

  5. marc barling says:

    john i have been a subscriber of yours for well over 2 years now,i have, and used binary destroyer everyday bud. i can tell you it works very well. if you want proof of this i can provide you with it but not here .if you contact jamie i am sure he will give you a full and honest over view of the indicator and how he runs the group, and a over view of the groups results. now some are struggling for sure, but i feel most of the group are making nice progress and nice money. the indicator is based on S&R and you can trade on any time frame you like it will work on all of them the same only thing is different expiry’s for different time frames as you would expect for binary trading. most in the group are moving to FX trading like my self and find it very good for doing this .i hope you contact jamie to get a proper look into the system and the VIP group because most of the work is done inside this group not outside i am sure you will be impressed

  6. Michael Austin says:

    Hi I am Michael and I’m a user of the Binary destroyer, it’s a great indicator but I feel the best part of this is not just buying the indicator, you get into the V.I.P group full of experienced traders using this software and someone always ready to answer or help if you are not sure, there are many way in which different people like to use the destroyer and has high % there is also loads of videos to help the newbies and loads of different ways you can profit, i.e if I have time I’ll trade the 5 MTF with 30 min expiry on binary options and if I am busy with work I’ll trade the 1 hour time frame and do long term forex trades! it’s an amazing indicator but most of all I am proud to be part of a trading family! Yes family where I have been lost on my own trading for 2 years losing money all the time and being fed up thinking the markets are against me! And then I come across my BD family and now not only am I in profit, I have a family to show how well I am doing and I get to show how I make profits, jamie and Michael and so many other traders in the group give so much time up to help people learn, but you do have to learn how to use this system on demo and master how to use it and you will be ITM #BDrules #BDfamily 🤑

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