frequently asked questions

We’ve updated our FAQs

What is the accuracy?

The accuracy depends on how the EA is loaded.  It's possible to use the EA on a 1 minute time frame with 60 second expiry, which would generate many trades but less accurate.  We've found the best combination is a mid time frame and expiry, such as 15 minute or 30 minute.  Accuracy can be as high as 80% when using the mid time frames.  Also this varies by pair.

Are signals continuously generated throughout the 24 hours? 

Yes.  The EA generates signals 24 hours a day when the markets are open.  However, we've added a feature 'trade during certain times' which allows traders to select what session they want to trade in.  We've found the more active sessions, such as London, produce a higher accuracy level.

Do you offer a managed account service?

No, not at this time.  We provide the EA which traders can use at their discretion.  The EA is fully automated, but the trader decide what expiry, time frame, and pair to use.  For this reason we do not publish results, as they vary greatly from trader to trader.

Do you publish results?

Because the results vary so greatly, we feel that it would be misleading to publish results of an individual client.  Also, some clients may not like their results to be published.

Can I use this system on a non-MT4 binary broker?

Absolutely.  However, you would not have the benefit of automation.  Once an alert is generated, you would need to place the trade on your binary broker.

Do I get the code of the system?

BOT Members license the EA and have unlimited use.  The code is not included - it can be purchased separately.

What are the terms of the license?

Monthly subscription - unlimited use on your own accounts.  That means one license per person.  You can use it on multiple trading accounts (not at the same time though).  You may not sell it, sub-lease it, or use it to operate a managed accounts program.

Are there any guarantees provided?

We do not guarantee results, or how the system may perform on some brokers vs. others.

Originally posted 2014-06-30 02:04:59. Republished by Blog Post Promoter