You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality. Posted 02 June - I've been asked how I make money in Binary Options, and there have been others on the General Boards asking if it's possible to make reliable returns trading Binaries.

I've decided to create this thread to refer people back to and so I can post progress updates. First of all my basic strategy is almost identical to that posted by Tradesmart on his thread in this section, so apologies Tradesmart if it appears I'm treading on your toes a little.

Well, let me tell you that there are NO magic wands in trading. Success is less about the details of your strategy and far more about how you apply it in terms of your money management, discipline and your own psychological approach to the markets.

This will not be for everyone! Some people think using a vast number of indicators and systems makes them feel like real traders. The only thing that makes me feel like a real trader is the balance in my account ;-.

I have an FXCM demo account running Metatrader 4 and a 1 min EURUSD chart open. This chart has 1 indicator on it, Bollinger Bands with settings 20 and 2. I settled on 1 minute for the number of trades it offers during an average day and because the 5 minute offers no better ITM rate. I also have the Market Watch window open on the metatrader but I reduce the size of the box down so I can only see the EURUSD rate and the clock. My trading account is currently with IQ Option.

Their platform is excellent and execution is very accurate. I have also opened with IG in London. OK as you will have seen elsewhere on the BOE Boards, the trading strategy is simply to take a trade in the opposite direction when a candle closes outside the Bollinger Bands, so if it closes out of the top band I enter a Put, and if it closes below the bottom band I enter a Call. Expiry is 1 minute. OK this is the most important part of the way I trade and there are some important elements here.

For smaller trade size, just divide these numbers down as appropriate, keeping the same ratios between each trade. Most events will be only 1 or 2 trades, i. When an event consists of 3 consecutive trades you will break even on that event and look for the next trade. When an event consists of 4 trades where the 4 th one ends ITM you will subsidise your loss on the previous 3.

You have to be mechanical, disciplined, and not scared of the trade sizes to make this work, but believe me it does work in real, live trading environments. The rest of the trades will end ITM on either the first or second trade so you are building up plenty of buffer funds to be able to take hits and carry on.

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One full hit in a week will take approximately a full day of trading to recover, leaving 3. This entire trading approach is not for everyone. If you don't like the BB strategy you can apply the trade size management principles to any strat that has a low number of occasions where you'll get 4 OTM in a row. MM calculation xls sheet: Free VPN for 1 year: I always check the economic calendar for times of data releases, and I'm always wary at precisely I think that's all!

It is possible to see you trading once? I would really like to see, how it works by watching your live trading. Thanks for sharing, I think when you know what you do - such moneymanagement gives you an extra edge. Lingsbord, would like to hear how you handle waterfalls or for how Long you don't enter the valid Signal after a loss.

Especially for newbies , excited to make cash, this will be helpful. I will do no further coding. Hi Lingsbord, Thanks for your strategy with MM. But you know that different Broker has their own spread regarding 60 Sec trading which can down us to loose. Can I use it for 5 Minute with this same kind of MM? Or Can I use your BB Can you please tell me what is the minimum amount of money you need to deposit to trade sprint options with them?

Also, if you've withdrawn any money from them what documents do you need to withdraw money? I'm sorry to ask you all this but they don't seem to mention any of these details on their website.

Lings, youd idn't say when you typically stop trading the US after you start at Also the US market open is at Do you consider a close out of the bollingers anything above the bollinger band at all, even if it was 0. We were having a bit of a discussion on the chat earlier about weighing certain approaches up. Personally I would be tempted wait for the close out of BB then look for price action that might indicate reversal, such as pinbars etc, and then trade from there, thus increasing chances of it going down over next two minutes more.

Similarly, I would avoid any big volume spikes or turn of hour etc because the probability rules associated with BBands don't apply in these situations..

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The former is the approach I would take anyway, so I guess I can report back in time if I choose to adopt this. Hi hmfaisalkabir i just mean following the trend with regards to placing a trade using this strategy, so using a trend indicator or just looking at the charts to find the trend yourself would be more accurate trades but less trades because only trading in direction of trend.

Thanks for all your posts. To reduce risk for example you could take every bar that closes outside the BB as an "alert" bar.

I trade as I do because it just makes me money, pure and simple, exactly as I described. Mondmann - absolutely any time my friend, I have nothing to hide, I'm not selling anything and at my age I certainly don't need anyone to tell me how great I am. I have shared this strategy because it is real and it works. Holyfire - good question. There are always pullbacks on a 1 minute bar in any trend or move. I do have an account at IG though but not yet funded.

Because they are UK-regulated you'll need a photo id plus one item of address proof like a utility bill dated within the last 3 months. Scalper - yes mate, just be careful around A close outisde the BB is just that, regardless of how much it closes outside by.

Luca - If you start with an opening trade of 25 Euros you'll be done by UK lunchtime most days. Posted 03 June - Luca - Because the signal is at the close of the bar, it ends at the close of the minute, and IQ's expiry is, by the time the bar closes, exactly 60 seconds away, so on "Turbo" options I'm getting it exactly to the minute. There are no signals that come part-way through the minute because you trade on the bar closing. In general, with news releases, I always keep the economic calendar available and will always be ready for any moves that come from them.

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David, Tripack, holyfire and 64 others like this. I'd rather have a bottle in front of me than a frontal lobotomy. Alfred, happyjas, blackfoil and 1 other like this. Thanks alot for all the info, great share. Regarding money i have a different approach but your rules can be applied to smaller amounts. I have a stash of money aside and i dont like the feeling of risking it and above all i live in the philippines now and here i need "only" euro a montjh to live well fully furnished house for rent.

Electricity, Wine every day. Transportation, 3 meals a day, dining out sometimes. All thesr expenses are the total for 2 people me and my girlfrend etc.

So i would be ok witj a constant profit of 50 euro a day eheh. Of course if more comes i m happy about it. Thanks a lot for your views and your post Luca.

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I realy don't fallow Your MM. Regardibg this strategy what do you do? You go to the closest expiry to 1 minute? Sometimes can be as little as 30 seconds and sometimes as much as 1 minute 59 seconds. Are you flexible with this? My guess is yes Also i was thinking. Maybe a 5 min expiry would be ok using your system if the bb touch against the trend or it s the same? I know above you replied to a smiliar question saying that you didnt notice a difference of ITM s on a 5 min expiry.

What did you refer to? Also do you avoid major news when trading this? It works fine on 5 min but you get fewer trades, that's all. Back to 60 Second Strategies. There are many binary options companies which are not regulated within the United States.

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