Published on February 27th, 2017 | by John Kane3
MT4 Indicator Review: Binary Diaries
Today we are analyzing Binary Diaries. This web-site is dedicated to binary options trading strategies using a collection of MT4 indicators referred to as the “Grail Indicators.” This type of title insinuates that these indicators are the be all and end all of trading. The location of the offices for this company is unknown but they can be contacted via email@example.com.
What we really want to discover in today’s review is how these systems work and whether or not there are some real binary options traders willing to provide their feedback. For an updated ranking of binary options signals and software services please go here.
Binary Diaries Review
The web-site isn’t the most professional we’ve ever covered. The background images are too loud and the majority of the Binary Diaries sales page comes across as quite unprofessional. There are two types of articles on the site, binary options broker reviews and binary options strategies using the Grail Indicators. There are currently 7 strategies available.
Most of these strategies are labeled based on their expiry time:
- 60 seconds strategy
- 5 minutes strategy
- 15 minutes strategy
- 30 minutes strategy
- Price action system
- Trend reversal strategy
- Ultimate scalper
Each strategy comes with a brief explanation and often a video preview. The instructions are simple, traders are required to monitor the MetaTrader 4 charts and follow on chart indications. Some of the strategies have multiple rules. For example, the 60 second strategy requires that traders only “take a trade if the previous candle is having a star on it.”
As for what that star means in the grand scheme of the strategy, we aren’t told. You are given instructions but no real insight into the reason why the Binary Diaries indicators provide the signals they do.
How to Gain Access
The Binary Diaries web-site’s main objective is to get traders to purchase their Grail Indicators package, but the process in doing so seems oddly difficult. Unless we are navigating the pages incorrectly, there doesn’t seem to be a price or purchase page available. It does seem as though, the only way to gain access is to email the development team at firstname.lastname@example.org.
This is not the best way of doing business. In our experiences here at Binary Today, the only developers we’ve seen operate in an e-mail to purchase method are swindlers. They gauge the interest of the emailer and then negotiate a price. We’ve seen developers like these sell the same indicators to one person for $1000 and others under $100.
We don’t want to assume that this is what is happening here, but it’s a possibility that we shouldn’t ignore.
The other section of the Binary Diaries website is dedicated to binary options broker reviews. They have reviews for Stockpair, Bloombex Options, OptionBit, 24Option, Porter Finance, EmpireOption, Banc de Swiss, OptionFair, OptionRally, Cedar Finance, Capital Option, Redwood Binary Options, 99Binary, Grandoption, Banc de Binary and Anyoption. The one commonality between most of these brokerages is that they are unregulated.
It’s really too early to say whether or not the Binary Diaries grail indicators are truly as game changing as the developers make them out to be. While we believe it’s safe to say the strategies won’t be providing anyone with 95% gains like their YouTube videos claim, we can’t condemn their efforts. The utilization of MT4 indicators in binary options trading is certainly something that we stand behind but we will need more feedback from the community before we can give any sort of recommendation.
If you have used the Grail Indicators please leave your comment below this review and let us know if these strategies are consistently growing your accounts or not.
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.