PipFinite Binary Options PRO Review – A Detailed Look at This Binary Options Trading Tool
PipFinite Binary Options PRO is a technical indicator designed specifically for trading binary options. It aims to accurately predict short-term price movements to give traders an edge. In this detailed review, we’ll take an in-depth look at how this indicator works and whether it can consistently generate profits.
Overview of PipFinite Binary Options PRO
The indicator uses a proprietary algorithm to analyze current market conditions and anticipate potential price reversals. It scans price action across multiple timeframes to identify high-probability trading opportunities.
Once installed on a chart, PipFinite Binary Options PRO generates buy and sell signals shown as up and down arrows. The main idea is to enter a binary option in the direction of the signal when an arrow appears.
Some key features of this indicator include:
- Unique algorithm that detects impending price weakness
- Generates frequent trading signals
- Analyzes past signals to display win rate statistics
- Works for all currency pairs and timeframes
- Easy to install and use
The developer claims that the indicator can achieve an average win rate of 55-60% without any additional filters or configurations. This can be further improved by combining it with other indicators or strategies.
Overall, PipFinite Binary Options PRO aims to provide an easy-to-use but powerful tool for binary options traders. The statistics feature helps traders evaluate the indicator’s past performance. Let’s now look at how it works in more detail.
How PipFinite Binary Options PRO Generates Trading Signals
PipFinite Binary Options PRO uses an algorithm that monitors price action across multiple timeframes. It looks for specific patterns that tend to precede potential trend reversals or breakouts.
Some of the patterns it detects include:
- Repeated failure to make new highs or lows
- Rejection near key support or resistance levels
- Divergence between price and momentum indicators like RSI
- Candlestick patterns indicating loss of momentum
When the algorithm detects an impending high probability reversal, it generates a new trading signal on the chart.
The buy and sell signals are indicated by up and down arrows. A up arrow suggests opening a CALL option, while a down arrow suggests opening a PUT option.
PipFinite Binary Options PRO Signals
PipFinite Binary Options PRO buy and sell signals
The indicator analyzes price action across 5 timeframes by default – M1, M5, M15, M30, and H1. This multi-timeframe analysis helps avoid false signals and enhances accuracy.
Traders can simply wait for a new signal to appear on the chart and enter a binary option trade in that direction. The expiry can be set based on the timeframe being analyzed.
For example, if a signal appears on the M5 chart, an expiry of 15-30 minutes can be used. If the signal is on H1, a longer expiry of 1-2 hours may be more appropriate.
The indicator also has visual alerts and can send email/push notifications when a new signal is generated. This helps traders identify opportunities in a timely manner.
Key Features and Settings
Let’s take a look at some of the main features and customization options available in PipFinite Binary Options PRO:
Statistics – This displays historical performance data including total signals, wins, losses, and win rate over the past 100 signals. It helps assess the indicator’s accuracy.
Signal Timeframes – Traders can choose which timeframes to monitor for signals. By default, M1, M5, M15, M30 and H1 are selected.
Signal Validity – This setting determines the minimum time a signal must remain valid before expiry. For example, 30 minutes. This helps avoid signals that get invalidated quickly.
Alerts – Audible, email, and push notifications can be enabled for new signals. This ensures traders don’t miss any potential trades.
Signal Arrows – The visual arrows on the chart can be enabled or disabled. Some traders prefer to just use the alerts.
Stealth Mode – This hides the stop loss and take profit levels from the broker. The broker will only see the entry price.
The indicator also has various colors and style options for the signals. Traders can customize it to suit their preferences.
Overall, the settings provide good flexibility without being too complex for beginner traders. The default parameters are designed to work well for most market conditions.
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Using Statistics to Evaluate Performance
One of the unique features of PipFinite Binary Options PRO is the statistics panel. This tracks performance over the past 100 trades and displays metrics like:
- Total signals
- Number of winning trades
- Number of losing trades
- Win rate percentage
The statistics help traders gauge the potential accuracy and profitability of the indicator. For example, a win rate of 60% on 100 trades suggests it has an edge.
However, past performance does not guarantee future results. The statistics depend on market conditions and the indicator settings used. Traders should take a decent sample of at least 50-100 trades before relying on the metrics.
It’s also important to use proper risk management despite what the statistics may suggest. No indicator can be 100% accurate. Using stop losses and trading a small percentage of capital is crucial.
Still, the transparency of showing past performance is useful. It gives traders more confidence in the indicator’s edge, compared to systems that hide their track record.
Using PipFinite Binary Options PRO Effectively
Here are some tips to use PipFinite Binary Options PRO effectively:
- Start on a Demo Account – Get comfortable with the indicator and test different settings on a demo account first. Check the statistics panel for sufficient samples.
- Use Short Expiry Times – The algorithm is designed to detect short-term reversals. So expiries of 5-15 minutes for M1/M5 and 15-60 minutes for M15/M30 signals tend to work best.
- Be Selective – Do not take every signal. Use other analysis like price action or indicators to confirm the validity of a signal before trading it.
- Manage Risk – Use responsible position sizing, limit total trades per day, and utilize stop losses to control potential losses.
- Track Statistics – Monitor the performance metrics in different market conditions to see if the edge holds up. Stop using if win rate drops below 50 pips.
- Use With Other Strategies – Combine PipFinite Binary Options PRO with chart patterns, candlestick signals, or other indicators to improve accuracy. The signals can act as trade triggers.
- Optimize Settings – Experiment with the signal timeframes, validity period, and other settings to find an optimal configuration for current market conditions.
- Monitor News Events – Major news announcements can impact short-term price action. Avoid trading signals that coincide with high impact events.
- Use On Liquid Pairs – The algorithm works best on major pairs like EUR/USD with smooth price action. Avoid illiquid or highly volatile pairs.
- Update Regularly – Make sure to keep the indicator updated to get access to the latest optimized algorithms and features.
Pros and Cons
Let’s summarize some of the main pros and cons of using PipFinite Binary Options PRO:
- Generates frequent trading signals across multiple timeframes
- Win rate statistics provide transparency into past performance
- Easy to install and use even for beginners
- Works on all currency pairs and timeframes
- Customizable settings and options
- Get updated algorithms and features with regular updates
- Requires monitoring charts frequently to catch signals
- Past performance does not guarantee future results
- Short-term price predictions can be inaccurate at times
- Need to combine with other strategies for best results
- Have to purchase monthly or yearly access, no one-time fee
Overall, PipFinite Binary Options PRO is one of the better indicators available for trading short-term binary options. The statistics panel gives traders valuable performance feedback.
The indicator can generate a respectable win rate in the 55-65% range in the right market conditions. However, proper usage and money management are still essential to avoid large drawdowns.
For traders willing to put in the time to analyze charts and look for high probability setups, PipFinite Binary Options PRO can be a useful addition to a complete trading plan. It works best when combined with other confluence factors.
The monthly subscription fee is reasonable given the frequent updates and improvements by the developer. The indicator is definitely worth testing out with the free trial before purchasing access.