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Unread 19th November 2013, 09:03 AM   #1
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Default Binary options automated trading - do any of them actually work?

There seem to be an abundance of binary options systems being given away for free these days and I cannot help wonder how many (IF any) really do what they say on the tin.

The typical sales letter always comes with a video from bored millionaires claiming they want to save you from the gurus and offer you a system 100% free. What they don't tell you is you need to open an associated binary options broker and deposit a minimum of $200 which they secretly get a commission from. They claim that once you've registered with and funded the broker linking with the software there's no stopping the cash flow. Most of these systems insist it is all automated where you can make money while you sleep as all the trading is done for you. The bottom line is ALL of them have the same wording and promise the customer thousands.

I have invested in three of these systems, one of them being BinaryProfitCloner.com which certainly read the best. The down side is the profits made are tiny and not regular so all the success is really just a dreary zigzag.

Has anyone here invested in a binary options trader that works or are they all cut from the same misleading cloth?
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Unread 19th November 2013, 01:59 PM   #2
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Default Re: Binary options automated trading - do any of them actually work?

binary is the new spot fx for sketchy IM'ers. retail trader are starting to realize that EA's for the fx market don't work as advertised 99% of the time, and stop buying. Binary "becomes pop", and affiliates switch their spot EAs for binary EAs and replicate the sale page with a different title. Every now and then a golden ticket does show, but the party only lasts for a short period of time (hint; million dollar pips for one). And even with a "winning" strategy, there are still a ton of factors, which can make your neighbor rich, and yourself poor... Go trough a lot of reviews before you pull out the credit card..
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Unread 23rd November 2013, 08:33 AM   #3
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Default Re: Binary options automated trading - do any of them actually work?

My advice is just stay away from any "system" they are all crap... I have been trading forex since 2007 and I been trading options since 2010. There is no great indicator or EA that just kills the market... Its does not exist and if it does I can promise you that it is not for sale for any price. There are some great free forums that you can learn a lot from such as forexfactory, babypips and binaryoptionsdaily. Just learn how to trade. Learn to read the markets, price, learn the order flow.
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Unread 24th November 2013, 04:27 PM   #4
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Default Re: Binary options automated trading - do any of them actually work?

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Originally Posted by AaronJones View Post
The closest you'll come to real automated trading is signalpush.com
Can you make real money on autopilot with signalpush.com ?
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Unread 26th November 2013, 08:24 AM   #5
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Default Re: Binary options automated trading - do any of them actually work?

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Originally Posted by AaronJones View Post
If you looked at it and can't see how you can make money and it is not obvious as to what you would need to do with it to profit..... Sorry, I would say no you couldn't and should avoid it.

Not being rude, just saving you money.
Nah, I can see how the profit making works but I just think it might make the odd 20 dollars here then lose 40 dollars there making it a very uninspiring zigzag like the others of its kind. I want to make REAL money.
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Unread 28th November 2013, 08:14 PM   #6
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Default Re: Binary options automated trading - do any of them actually work?

Re Automated Income App.com ...
There seems to be a serious disconnect from their support@automatedincomeapp.com - or any other addresses they use - they do not respond to my questions as to where is the $ for $ deposit bonus , how to use the site. & where is their offered assistance. The live signals are loosing 7 times out of 8 & the trading history hasn't moved for a week..(Lost $400 in 2 days) They are now sending out invitations to use similar apps on different trading sites. I am an affiliate trying out the product before promoting it & find this an absolute disgrace - my email contact is melclassique@yahoo.com - if anyone can throw some light on what's going on please get in touch with me.
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Unread 4th December 2013, 05:44 AM   #7
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Default Re: Binary options automated trading - do any of them actually work?

I have been trading binary for more than a year have make $25000 from it what I tell you is that no software can trade on a live system on the market can make money if it can you don't have hire trader in the bank let allow you to trade for free .think about it
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Unread 5th December 2013, 04:20 PM   #8
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Default Re: Binary options automated trading - do any of them actually work?

I also agree with PartialPassiveIncome sentiment... When binary came a majority of FX affs rebranded their software to work with Binary and I'am sorry but it simply doesn't mesh.

Right now there is 0 EAs on the market that will prove beneficial for your binary trading...

How do I know... I work as an affiliate manager in the Binary Options industry and have seen the rebranded bots from a lot of affiliates and a majority if not all lose all their investment .

My advice. Stay away, till something verified, tested and specifically catered to work with binary trading comes on the market.
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Unread 15th December 2013, 03:30 AM   #9
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by goldhunter View Post
There seem to be an abundance of binary options systems being given away for free these days and I cannot help wonder how many (IF any) really do what they say on the tin.

The typical sales letter always comes with a video from bored millionaires claiming they want to save you from the gurus and offer you a system 100% free. What they don't tell you is you need to open an associated binary options broker and deposit a minimum of $200 which they secretly get a commission from. They claim that once you've registered with and funded the broker linking with the software there's no stopping the cash flow. Most of these systems insist it is all automated where you can make money while you sleep as all the trading is done for you. The bottom line is ALL of them have the same wording and promise the customer thousands.

I have invested in three of these systems, one of them being BinaryProfitCloner.com which certainly read the best. The down side is the profits made are tiny and not regular so all the success is really just a dreary zigzag.

Has anyone here invested in a binary options trader that works or are they all cut from the same misleading cloth?
Nope.

They're not 'all' cut from the same
cloth.

Here's a BO system by Neil

I don't get a commission or cut of
any profits if you invested in it.

The man is genuinely a good person
who knows his stuff.

There's nothing he talks about and
shares that can be faked. I know it
because I've done it, and now I'm
getting into BO.

It's not about funky indicators.

...false promises...

...or misleading info

It's the real deal.

The system, essentially, deals w/
the basics of trading. Because of
that, the win rate is 84.9% on avg.

I've used a similar system trading
Forex successfully.

All I used were candlesticks, line
graphs...and that's it.

But this is not Forex. It's easier.
So much easier. And more profitable
for a beginner.

Yes, he will recommend a trading
platform that makes money when YOU
make money...

...and he tells you that upfront.

Being from U.S., he won't make a
dime from me in my trading because
I have to use regulated brokers...

but if you're not in the U.S., then
I suggest signing up through him to
make it worth his while to continue
helping people like you.

Keep in mind...

...if you go through with this, this
is NOT a get-rich-quick scheme.

This is not your avg. WSO where it's
here today, gone tomorrow.

This has been around for YEARS...and
if you follow basic rules and stick
to his system you will come out ahead.

So there you go.

Keep in
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Unread 11th January 2014, 09:30 AM   #10
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Default Re: Binary options automated trading - do any of them actually work?

I tried the dollars on demand binary options robot about 2 months ago,the software is web-based so no actual download.I did a bank transfer of 200 euro into my traderxp a/c the broker I was told to use.I did NOT get a matching deposit which was promised.As soon as I logged into the dollars on demand website the robot started making trades.There was no customer support at all and no way ofcontacting anyone.I could not 'turn it off'.It began making calls and puts of 25euro at a time.I chose the smallest amount so I could see how it worked.after the first day my a/c was down maybe 30% .I knew then it would probably keep going until it ran out of money,the winning trades paid out about 42-43 euro and the losers gave maybe 2 o3 euro.one trade gave the 25 back.All in all there were about 49 trades made with 21 winners only,the trades lasted 20-30 minutes usually and when one would finish another would start.It ran out of money at end of second day as I dropped below 25 to 24 so unable to make a trade,so yeah not great to have a win ratio below 50%
HAS ANYONE TRIED THE GOLDENGOOSE SOFTWARE ? DOES IT WORK ANY BETTER ??
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Unread 12th January 2014, 01:20 PM   #11
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Default Re: Binary options automated trading - do any of them actually work?

check out dough.com ( not an affiliate link) Here is some copy from my welcome email:

Thanks for the interest in dough!

It's finally here! Now you can see what we've been working on all these months... and what we've built for you. Create your account today by visiting dough.com.

What’s waiting for you inside dough? Visual Trading Interface

Interactive video lessons for learning the basics and understanding the fundamentals of options trading.

Our team of expert traders, here to help you build upon basic investment knowledge, and show you how they trade in real time.

A beautiful visual trading platform designed to help you focus only on your best opportunities.

Create your account now and take the tour! And best of all, it's free!
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Unread 16th June 2014, 05:50 PM   #12
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Default Re: Binary options automated trading - do any of them actually work?

I found a link to this in my spam folder today : WATCH THIS LIMITED PRESENTATION NOW!

Binary Chaos by Tom Harris - it's another of those FREE binary options systems where you need to sign-up and deposit with their broker. This reads different and based on a very different principle in binary options trading which I have to say I was taken in by. My fear is, like others of its kind, you probably need to deposit a few thousand in their broker to make any money.

Any feedback on this system would be appreciated.
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Unread 24th June 2014, 05:43 AM   #13
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by goldhunter View Post
Can you make real money on autopilot with signalpush.com ?
Quote:
Originally Posted by webgenco View Post
check out dough.com ( not an affiliate link) Here is some copy from my welcome email:

Thanks for the interest in dough!

It's finally here! Now you can see what we've been working on all these months... and what we've built for you. Create your account today by visiting dough.com.

Whats waiting for you inside dough? Visual Trading Interface

Interactive video lessons for learning the basics and understanding the fundamentals of options trading.

Our team of expert traders, here to help you build upon basic investment knowledge, and show you how they trade in real time.

A beautiful visual trading platform designed to help you focus only on your best opportunities.

Create your account now and take the tour! And best of all, it's free!
Yeah, Dough is pretty nice but you do have to have a good amount of starting capital and you need to have an understanding of trading vanilla options.
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Unread 10th July 2014, 08:35 PM   #14
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by goldhunter View Post
I found a link to this in my spam folder today : WATCH THIS LIMITED PRESENTATION NOW!

Binary Chaos by Tom Harris - it's another of those FREE binary options systems where you need to sign-up and deposit with their broker. This reads different and based on a very different principle in binary options trading which I have to say I was taken in by. My fear is, like others of its kind, you probably need to deposit a few thousand in their broker to make any money.

Any feedback on this system would be appreciated.
They are a joke, and they will lose you money with almost EVERY TRADE they choose!!
STAY AWAY, there is NO SYSTEM for Binary Trading period, and the best they can do is guess, or flip a coin....
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Unread 2nd August 2014, 08:59 AM   #15
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Default Re: Binary options automated trading - do any of them actually work?

Howie Schartz sent me a link to one today - Insured Profits.
The Guy running the program looks like an actor, though having his "wife" chip in is a good selling touch - but the PROMISES of thousands of Dollars a day are so "too good to be true" that I'm very sceptical indeed - but SORELY tempted as I need some cash this month!

If I could start with 100 I'd give it a try, just in case it works, but 250 minimum start-up is out of my league unless i actually know someone who can get a profit from it.

Anyone heard of this one, which does seem similar to another I saw about 2 months ago, but which i discounted when I found outr the start up deposit ??!
John
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Unread 2nd August 2014, 09:08 AM   #16
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by John Reed View Post
Howie Schartz sent me a link to one today - Insured Profits.
The Guy running the program looks like an actor, though having his "wife" chip in is a good selling touch - but the PROMISES of thousands of Dollars a day are so "too good to be true" that I'm very sceptical indeed - but SORELY tempted as I need some cash this month!

If I could start with 100 I'd give it a try, just in case it works, but 250 minimum start-up is out of my league unless i actually know someone who can get a profit from it.

Anyone heard of this one, which does seem similar to another I saw about 2 months ago, but which i discounted when I found outr the start up deposit ??!
John
You can absolutely try binaries for less than 250.

Marketworld (http://www.marketsworld.com) has a $20 opening deposit (I think) with trades as little as $1.

The problem here is the majority of the providers out there fake their performance in order to generate affiliate revenue.

That's where SignalPush (www.signalpush.com/providers) comes in. SignalPush is a technology company and signal marketplace. All provider performance is verified and transparent and there is no way for providers to fake it. You can take a look at the provider leaderboard, many of them provide weekly and monthly subscriptions (or even get free signals).
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Unread 2nd August 2014, 08:19 PM   #17
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by John Reed View Post
Howie Schartz sent me a link to one today - Insured Profits.
The Guy running the program looks like an actor, though having his "wife" chip in is a good selling touch - but the PROMISES of thousands of Dollars a day are so "too good to be true" that I'm very sceptical indeed - but SORELY tempted as I need some cash this month!

If I could start with 100 I'd give it a try, just in case it works, but 250 minimum start-up is out of my league unless i actually know someone who can get a profit from it.

Anyone heard of this one, which does seem similar to another I saw about 2 months ago, but which i discounted when I found outr the start up deposit ??!
John

Hey mate,

I don't know you - or Howie Schwartz

But I do know your attitude/ mindset.

I spent 15+ years as a full time trader - and what you are looking for doesn't exist.

You will assuredly lose ALL your money. time and time again -in 100 pound lots.

The smartest guys in the world - and I mean the smartest guys - running Billions of dollars of other people's money - are happy when they generate 30% a year.

Bernie Madoff was faking 10 - 12% a year - and insiders knew it was to good to be true consistently.

You are looking for a pink elephant - it does not exist -

and until you realize it - you will continue to suffer 100 pound razor cuts over and over - until you bleed to death.

Believe me - I've been there.

I once met a major vendor of trading systems - and he said

"I never created a system that lost money - as long as I sold enough systems "

That is the predatory mindset of the vendors in the trading arena.

You have much better odds with IM - at least you can control your loses.

HTH

bb
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Unread 2nd August 2014, 08:24 PM   #18
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Default Re: Binary options automated trading - do any of them actually work?

I tried optionrally and they are a complete scam there are better ways to make money online
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Unread 3rd August 2014, 06:32 AM   #19
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by dunkinbbb View Post
Hey mate,

I don't know you - or Howie Schwartz

But I do know your attitude/ mindset.

I spent 15+ years as a full time trader - and what you are looking for doesn't exist.

You will assuredly lose ALL your money. time and time again -in 100 pound lots.

The smartest guys in the world - and I mean the smartest guys - running Billions of dollars of other people's money - are happy when they generate 30% a year.

Bernie Madoff was faking 10 - 12% a year - and insiders knew it was to good to be true consistently.

You are looking for a pink elephant - it does not exist -

and until you realize it - you will continue to suffer 100 pound razor cuts over and over - until you bleed to death.

Believe me - I've been there.

I once met a major vendor of trading systems - and he said

"I never created a system that lost money - as long as I sold enough systems "

That is the predatory mindset of the vendors in the trading arena.

You have much better odds with IM - at least you can control your loses.

HTH

bb
Depends on what you mean by "doesn't exist". I'm a professional futures trader and I make 10%/week. Plenty of people make much better returns than the hedge funds. Two problems come in though and cause the hedge funds to be happy with those smaller returns.

1) They are managing BILLIONS. They make 30% return, they get their 20/2 (20% high watermark performance fees, 2% management fees), they make plenty of money.

2) When trading that large, it's MUCH harder to get your orders filled how you want. So you have to trade much longer term. I trade very short term, so I have a lot more opportunities and my trade sizes are no where near their level.

I also trade binary options, as do many of my colleagues. It's easy to make money in bins if you're a professional trader. The problems with bins come more from the marketers who sell themselves off as traders and fake their performance and the brokers who don't pay out the winners. There ARE successful bin traders and there ARE brokers who pay out.
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Unread 3rd August 2014, 06:34 AM   #20
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Default Re: Binary options automated trading - do any of them actually work?

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Originally Posted by ara67 View Post
I tried optionrally and they are a complete scam there are better ways to make money online
Haven't heard any specific complaints about OptionRally but I don't doubt it as most are scam brokers.

The two I use are Marketsworld and Stockpair. They've always paid me out.
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Unread 3rd August 2014, 07:47 AM   #21
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Default Re: Binary options automated trading - do any of them actually work?

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Depends on what you mean by "doesn't exist". I'm a professional futures trader and I make 10%/week. Plenty of people make much better returns than the hedge funds. Two problems come in though and cause the hedge funds to be happy with those smaller returns.

1) They are managing BILLIONS. They make 30% return, they get their 20/2 (20% high watermark performance fees, 2% management fees), they make plenty of money.

2) When trading that large, it's MUCH harder to get your orders filled how you want. So you have to trade much longer term. I trade very short term, so I have a lot more opportunities and my trade sizes are no where near their level.

I also trade binary options, as do many of my colleagues. It's easy to make money in bins if you're a professional trader. The problems with bins come more from the marketers who sell themselves off as traders and fake their performance and the brokers who don't pay out the winners. There ARE successful bin traders and there ARE brokers who pay out.
Hey mate,

I don't know you

and I'm not selling anything.

NO ONE consistently makes 10% a WEEK.

If they did, after a few years, they'd have BILLIONS after compounding if they started with only $10,000 - - the markets can easily take large size.

Do the math -

Google online compound interest rate calculator -

set the annual interest rate for 500% (10% a week)

set the compounding period for weekly

set the starting amount for $10,000 - a tiny sum for a professional trader

after 3 years of 10% a week returns on $10,000

Your account balance would be

$16,622,628,744.99

source : Compound Interest Calculator

not an affiliate link - LOL



I don't think so , mate.
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Unread 3rd August 2014, 08:00 AM   #22
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by dunkinbbb View Post
Hey mate,

I don't know you

and I'm not selling anything.

NO ONE consistently makes 10% a WEEK.

If they did, after a few years, they'd have BILLIONS after compounding if they started with only $10,000 - - the markets can easily take large size.

Do the math -

Google online compound interest rate calculator -

set the annual interest rate for 500% (10% a week)

set the compounding period for weekly

set the starting amount for $10,000 - a tiny sum for a professional trader

after 3 years of 10% a week returns on $10,000

Your account balance would be

$16,622,628,744.99

source : Compound Interest Calculator

not an affiliate link - LOL



I don't think so , mate.
There you go assuming. I never said I compounded. I withdraw frequently. I also trade futures, and I scalp. CL futures for instance will experience slippage on larger contract orders. Slippage doesn't work well for my scalping strategy. Doesn't change the fact that I still make 10%+ per week.

If I was compounding, my orders would eventually get to the point where the markets I trade don't fill how I need thus would start to diminish the percent of return.

Someone with a small account (say 5k) could easily and consistently grab 10% per week and withdraw. 5k could get you 5 contracts on CL. 10% return is $500. If they wanted to fully leverage they could grab 10 ticks a week and hit the goal. 10 ticks on CL is an easy grab for many.

I've tried my strategy on more liquid markets like /ES that can support thousands of contracts but my strategy doesn't work well on it. It doesn't have the required volatility.

My point here is don't say it isn't possible. It is. Many do it.
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Unread 9th August 2014, 05:40 PM   #23
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Default Re: Binary options automated trading - do any of them actually work?

Quote:
Originally Posted by John Reed View Post
Howie Schartz sent me a link to one today - Insured Profits.
The Guy running the program looks like an actor, though having his "wife" chip in is a good selling touch - but the PROMISES of thousands of Dollars a day are so "too good to be true" that I'm very sceptical indeed - but SORELY tempted as I need some cash this month!

If I could start with 100 I'd give it a try, just in case it works, but 250 minimum start-up is out of my league unless i actually know someone who can get a profit from it.

Anyone heard of this one, which does seem similar to another I saw about 2 months ago, but which i discounted when I found outr the start up deposit ??!
John
hi john i also came across that link with guy and his wife he does sound plausible but as you say its 250 squid !! a chunk to lose
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Unread 10th August 2014, 10:39 PM   #24
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Default Re: Binary options automated trading - do any of them actually work?

scam scam scam.
Just think about it logically, if you had a real money making technique that would "siphon" (I love that word) loads of "cold hard cash" (I love those words too!) into your bank account, Why in god's sweet name would you let anyone else get their hands on it? It's a zero sum game, so what you make-they don't and vice-versa.

I can tell you that there is a super secretive algo trading company called "Final" and they manage to make hundreds of millions of $ per year, they are so big the actually affect the DAX futures DURING trading hours when the spot is live.

They have the most stringent employee security in place, cameras, computers that they work on are grounded and not connected to any internet or outside VPN, private detectives making sure no one leaves the company with their moolah-idea.

People are not stupid, only those who actually believe that someone would give them money.
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Unread 29th August 2014, 04:08 PM   #25
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Default Re: Binary options automated trading - do any of them actually work?

You can make money. You just won't see any of it in your hands.
There is no incentive to pay you. All are off shore. The law can't touch them.
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