October 2016 Income & Binary Trading Method

personal-income-report-october-2016Hello traders! Welcome to the 25th edition of the BinaryToday.com income report. In this report I provide anyone and everyone with my personal trading income figures. I explain what’s working for me and the exact binary trading methods I’m using to grow my accounts.

As always, I hope that you will follow along and use my strategies to grow your accounts as well.

I have made some recent changes to my binary trading strategy so make sure you read along!

Live Trading Sessions 2016

Over the past two months I’ve started to put together live trading sessions to better walk traders through my personal trading process. Here they are in case you missed them.

These are both very recent videos and you can expect more to come.

October Income Report

This is always the most important part of the report because the numbers are everything. Late 2016 is certainly proving to be very profitable so I hope you are taking advantage of it.

Total +$31,068.15 (300K Progress 95%)

 
95 %

 

Income Breakdown

Wow! We are almost at our goal of 300K this year.

There were certainly times I doubted that we would make it but we are right around the bend and it looks like I’ll be overachieving. I wouldn’t be surprised if I hit the 350K mark the way this year has gone. So, thank you to all of the readers and people that have been supporting me for the entire year. I couldn’t have done this without you.

As you can see above it was another #1 week as Binary5 held the top spot with a $16,425 profit. Coming in at #2 was Binary Today Trader and then the fall off was quite aggressive after that. My main focus is still on trading with Binary5 and Binary Today Trader as a tandem. These two systems are providing frequent signalshigh accuracy and require very little screen time which leaves me more time in my day to enjoy my other hobbies.

Binary Income By Month (last 12 months)
Binary Income By Software/Signal Service (last 3 months)

Binary Trading Method Update

As many of you know I’ve made some changes to my main trading strategy recently. I discussed this in full in the 7th edition of the Binary Today Podcast, and I’m going to go over it here as well.

This strategy requires:

  • Binary5
  • MT4 (free)
  • Momentum Indicator (free)

To start, I sign up with Binary5. They email me and give me access to all the tools I require, including MT4 and the Momentum Indicator. This makes for a very quick setup so that we can start receiving signals and placing trades right away.

Step 1. Receiving the Signal

This part is simple, when Binary5 feels the market is ripe for the picking it provides a signal.

eurgbp-put-signal

The signal for a 5 minute expiry time PUT trade.

Step 2. Analyzing the Signal

There are two things that I do quickly after receiving a signal.

  1. put-trade

    Trade Assistant (bottom 4 arrows)

    I look at the trade assistant to ensure 3 out of 4 or 4 out of 4 arrows are pointing in the direction of the signal. For a PUT trade I would want the arrows pointing downwards. You can see this in the example on the right hand side.

  2. I look at the momentum indicator to ensure it is pointing in the right direction. For a PUT trade like in this example I want to see the line pointing downwards.

    momentum-indicator

    Momentum indicator pointing downwards

Step 3. Place the Trade

If the Trade Assistant and Momentum Indicator agrees then I have a EXTREMELY HIGH PROBABILITY TRADE and I go place the trade with my binary options broker.

placing-the-trade

Placing the trade

Step 4. Grow your Account

This strategy is simple but very effective. It may take you a couple signals to get the hang of it but once you do you will increase your ITM% drastically and win more trades!

Conclusion

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Well it’s time for me to wrap up the 25th edition of the Binary Today income report and get back to trading myself. I hope that you use my strategy and leave comments with how it’s working for you.

Also, please click Like to get updates from us on Facebook. We don’t expect you to read every article, but when I provide free tools and strategies it helps to be first in line.

Thanks for stopping by and the next time I see you we will hopefully be celebrating the $300K completion!

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13 Comments

  1. Russell November 23, 2016
    • John Kane November 23, 2016
  2. Stefan November 15, 2016
  3. Rick November 8, 2016
    • John Kane November 8, 2016
  4. Sly November 4, 2016
    • John Kane November 6, 2016
  5. Jon November 3, 2016
    • John Kane November 4, 2016
  6. george November 3, 2016
    • John Kane November 3, 2016
  7. Richard November 3, 2016
  8. Steen Buchhorst November 3, 2016

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