What is GoodBO?
This is GoodBO LIVE - A Binary Options trading signal with 64% win rate. GoodBO is an EA (Expert Advisor) that has be programmed specifically to trade Binary Options with a 15 minute expiry time. The trading algorithm looks for short and long term pull backs or reversals in the trend. The pull backs can be major or minor. The shorter term pull back are captured with the 15 minutes expiry but longer term reversals also.
What is the Strategy?
The strategy or signals are generated from using common indicators you have no doubt come across before, namely RSI and Stochastic. However, there is also custom elements to the expert advisor based on price action, multiple time frames and specific levels for overbought and oversold market conditions that make this EA unique and profitable.
What is the Win Rate?
In binary options its all about the win rate, we know. BUT it is also about setting realistic targets and achieving consistent results over a long period of time. With this in mind, the GoodBO Binary Option trading algorithm has an average win rate of 64%. If you think this doesn't sound too exciting then there are other systems that could (in theory) give better win rates. However, the principal with GoodBo is steady consistent results. Break even for ANY Binary Options strategy is around 55% and anything over 60% would make a "decent" return.
Where are the trading results?Yes. We have a demo account running GoodBO that has been running for some time now. You can look at the historic result here from the forward testing. Please keep in mind that we also use this demo account to look at changes and enhancement to keep on top of changes in the overall market. The demo signal is here:
We also publish our results on FX Blue here:
How much capital will I need to start?
We would suggest a initial trade account of $500 or equivalent in your specific currency. Our live trading account started with $500. Each trade size is $10. This is based on the minimum trade size for Binary Options Expert advisor trading with the broker we use GDMFX. The average win rate is 64% so the "risk" is managed through the historic performance. The EA is also monitored 24/7 by humans! When the target win rate is hit the EA is physically turned off and trades are then monitored on the demo account until the appropriate time when the EA can be enabled again. Generally the EA is enabled at 21:00 GMT and runs until the desired win rate is achieved.
What pairs are traded?
The EA has been tested on multiple pairs and is constantly looking for the most effective win rates across all major pairs. GoodBO is currently enabled on the following pairs:
What Brokers can I use?
In order to copy this signal you will need to set up an account with MT4 brokers that offer Binary Options but also automatic trading using Expert Advisors. We have tested the links and process with GDMFX - https://www.gdmfx.com/ (Global Derivative Markets). Other brokers may be able to support the EA also. If you have any specific requests then please send us a message and we can help where possible. However, we can support all platforms and brokers, as there are too many variables to manage.
Where can I get support?
If you need any support or have any questions send us a private message and we will make best efforts to respond within 24 hours.
MFE and MAE Distribution Point Graphs
Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.
Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.
The average slippage based on execution statistics on real accounts of various brokers is specified in points. It depends on the difference between the provider's quotes from "GDMFX-Live" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.