Our Binary Options Signals
We adopt a different trading strategy for our binary options trade alerts (commonly referred to as signals) than our global trade alerts that focus on the spot Foreign Exchange market (Forex), Commodities and Indices. We have been providing forex trade alerts since May 2014 we a fully documented track record. The binary options trade alerts (signals) were given for free to all traders from 4 August to 11 August 2015 to assess the quality and benefits of subscribing to us.
Unlike the customary trade alerts in the binary options market we enhanced our strategy to serve multiple types of traders as you will soon the discover. More details regarding the free binary options trade alerts and strategies are available at the bottom of this page.
Our prime focus will be on the major currency pairs (the majors) in the Forex market such as EURUSD, EURJPY and GBPUSD. We do however suggest trading with a broker that provides FX crosses as well such as GBPAUD for example as the crosses, by nature, may provide more entries than the majors due to the market volatility. We suggest the broker will be regulated by Cyprus Securities and Exchange Commission (CySec) that provides binary options regulations to online brokers.
Timing and Price Range
This is how we to enhance our binary options trade alerts. We are fully aware of the importance of receiving the same market price as the trade alert. We have developed our trading strategy to ensure our binary options trade alerts are fully enhanced for our traders:
The market price at the time of the trade alert is included to ensure traders are aware of the currency pair’s price when the trade alert was issued. As a fraction of a pip may determine the outcome of the trade this information is extremely important.
The price range provides the trader with an early indication when the trade alert becomes irrelevant. In EURUSD example the trade alert is relevant as long as the price is above 1.1274 and below 1.1286 ahead of11:54am GMT, which is the time it is suggested not to take the trade if it was not already taken. Should there be any sharp price movements in the market binary options trader would know if the trade alert is still relevant.
When the trade expires the market price is noted and the outcome of the trade is documented in the binary options trade alerts performance section. In a scenario where the market price at the expiration is near the entry price (commonly referred to as the target price) we may issue an email to confirm whether the trade alert has expired in the money and base the outcome of the trade on the majority of responses we receive.
Ahead of Time, Unique to DDMarkets
To substantially reduce the possibility of the trade alert becoming irrelevant as discussed earlier our binary options trade alerts are issued ahead of time. As all the trade alerts we issue are strictly based on technical analysis we were able to find a narrow time frame, between 10 – 15 minutes before we anticipate the predicted direction take place.
To further clarify this strategy, if the trade alert is issued at 13:00 GMT for example we include the time the trader has to enter the market, 13:10 GMT for example. The trader has approximately 10 minutes to study the trade alert and consider what actions to take.
As the trade alert is sent ahead of time do strive to receive a better entry than us within the range we provide. To clarify, if our entry is EURUSD call @ 1.1280 and the trade is relevant as long as it is above 1.1274 strive to receive an entry between 1.1275 – 1.1279. The outcome of the trade alert will be based on the market price provided in the trade alerts we issued via email.
This trading technique has been developed by our team and exclusive to DDMarkets at the time of this writing.
As we use technical analysis to generate the binary options trade alerts we are not limiting ourselves to any hours or trading sessions (European, US and Asian). The binary options trade alerts may be sent at any time. To ensure our traders will not be taken by surprise we notify all traders of our intention to issue binary options trade alerts within the next hour and send an email on our intention to stop issuing trade alerts for the day until the following day.
Due to the sensitivity of trading binary options we ensure the emails that contain the binary options trade alerts are delivered in a timely manner, often within a number of seconds. We are constantly monitoring and testing the deliverance of our emails. Should we note an unreasonable delay in our emails we have backup system that is available to us around the clock.
The Forex Charts
Unlike our global trade alerts in the Forex market where the trading strategy is outlined on the website and then emailed to our traders with the link to the strategy the binary options trade alerts are first emailed. As the entry price is crucial to the success of the trade alert in the binary options market we first email the trade alert’s details and then upload the chart we used for the trade alert with the technical strategy that was used.
Trade Alerts Frequency and Risk Management
The ultimate goal in our view is the Return on Investment (ROI) that is reflected at the end of the month rather than the number of trade alerts that are issued. We are aiming to opt for the best entries in the Forex market and on most occasions we are unlikely to issue more than 5 trade alerts per day. If the market allows it there may be more than 5 trade alerts issued on the same day and there could be days were no trade alerts are issued.
Our ability to provide a tight risk management is limited in binary options (see how we manage the risk in our global trade alertst) due to limited control, however, we will not allow more than 2 trades to be open at the same time.
Binary Options Intraday Strategies
This is a new concept we have developed for experienced binary options traders that master multiple trading strategies. In the binary options intraday strategies we outline the possible entries that may materialize in the Forex market. The strategies may be based on the 15min, 30min and 60min charts via technical analysis. For example, if a trading strategy is provided on the 15min chart experienced binary options traders will be able to breakdown the strategy and use a wide variety of expiration times including short-term expiration such as 5 minutes.
If you are not fond of short-term expiration times the strategy we providing our technical insights into the usage of expiration based on the strategies we provide. The binary options intraday strategies will either be published after the daily close (21:00 GMT) or ahead of the European session. The number of currency pairs that will be covered may vary but we will primarily focus on EURUSD, EURJPY and GBPUSD as they are often given the highest payouts in the binary options market.