Do not trade these FX Pairs

Looking back through our trade history using the BOCTC Volatility Pocket Bot on the Pocket Option platform, there are three currency pairs responsible for the most losing trades.

By removing them from our trading entirely, we will be removing a weak spot and that should improve our overall results.

They are:

  • EUR/PLN
  • NZD/USD
  • USD/RUB

The latest settings have them removed, but otherwise you can easily do it yourself.

With the bot Stopped, just highlight the pair that you want to delete and then press Delete on your keyboard.

select row to be deleted

A popup box will appear asking you to confirm the Deletion of the row. Select Yes.

Now you have just deleted that currency pair from your list of trading pairs.

Then go and delete the other ones.

Update to Volatility Pocket Bot settings

There has been a steady decrease in payout percentages on the Pocket Option platform over the last few weeks.

We had all our settings to take trades at a minimum payout percentage of 75% but this has decreased the number of trades considerably.

After experimenting and testing, we are back profitable using a Factor 3 setting for all our Money Managements and a minimum payout of 70%

We have updated all the Forex settings for these adjusted settings and you can download the updated settings from the link below.

Download updated Volatility Bot settings here

We are having good success with the FX_Masaniello_3 starting with $100 and setting our Take Profit at $50 and just running it over and over.

Same with the FX_Compounding_3 and 5% compounding. Start with $100 and set Take Profit at $50.

Try it.

Binary Options Tips

For some strange reason, many people think that binary options is a get rich quick scheme.

Well it is, if you are the broker.

So I guess there is some truth in that, so go and open up a binary options brokerage and you too can take all the money from the people who think it is a get rich quick scheme.

No, binary options is not an easy game but it can be beaten and can be very profitable.

The key is consistency and patience and a big dose of reality.

Just to point out some realities, take Warren Buffet of Berkshire Hathaway, he averages 20 % profit per year.

Bernie Madoff, the Ponzi Scheme fraudster only offered his clients 10% per year and yet they invested $68 Billion with him.

Most institutional forex traders are content to make 5-15% per year.

Those are all the realistic numbers in trading by the big players.

Yet most binary options traders want to make 100% per week or month.

When somebody invests with Buffet, they can give him a million dollars and feel confident that he is going to make them 20% per year, which is $200 000.

Now they could withdraw this amount at the end of the year, but instead they usually leave it with him and start compounding.

So in year two, they start with $1 200 000 and after another 20% that year they now have $1 440 000, so a $240 000 profit and so on and so on until year 5 they will have $2 488 320 or if they left it going , then in year 10 they would end up with $6 191 736.

That is the power of compounding. Of course the longer you can let it compound the better.

Compounding is the secret to a lot of Buffets success, bearing in mind that he has been doing it for over 50 years.

Yet, how often do we see guys investing $50 and hoping to turn it into $200 or $500 in a few days?

It is just not realistic.

This is the kind of hype that scammers use to lure people in with promises of getting rich quick.

It ain’t gonna happen.

What to do?

Firstly, you got to have patience.

Start thinking longer than a day or a week.

You must start thinking in terms of months and yearly.

Secondly, you need to find a system that is going to give you a winning edge.

No matter how small that edge is, it has to be there, otherwise you are wasting your time.

Thirdly, you have to invest enough per trade to make the whole endeavour worth the effort.

Read our page about Profit and Risk to get an idea about this, but ideally you do not want to be investing more than 5% of your account balance per trade and make sure that your account is funded correctly to accommodate this.

Let us say that you started with $200 and traded 5% per trade, then that is $10 per trade.

Now you have a chance of actually making some money.

Realistically, don’t waste your time trading with anything below $5 per trade.

The plan

We already gave you the exact set up and strategy for using our Volatility Pocket bot.

==>> It is over here

We show you there how one of our club members, who started with $200 and made $584 profit in just two months.

That is almost a 300% profit.

Now you really are beating Buffet, big style and it is all run on a trading bot for you.

So all you have to do is set up your account the exact same way and let it run.

Don’t even bother looking at it until a month has gone by.

Just don’t touch it is what I am saying and give it time and space to do it’s thing.

What is the worst that can happen here?

It could blow the account, but lets be honest the trading bot is a better trader than you are and has a better track record than you.

So if anybody is going to blow the account it is probably going to be you trying to trade some half baked trading strategy or jumping from one strategy to another.

So give the bot a chance.

On the other hand it is probably going to perform roughly the same as it has month after month and you are going to show a nice little profit after a month.

Now you could withdraw your profits or let it run and start compounding that amount.

Sort of Buffet style.

You have been given the trading bot and the settings, a cheap place to get a Cheap VPS and all you need to do now is to take action.

So Take Action and get started and a month or two from now, you can be withdrawing a nice little profit or letting it compound even longer could make for a substantial withdraw for you.

But you got to Take Action and get started, otherwise nothing is going to happen.

Winning Settings for Volatility Pocket bot

One of our club members who was one of the first to Beta test the Volatility Pocket bot has offered his trade history and settings for you to copy.

Here is a quick screenshot of the results:

A win rate of 66.25% and Profit of $584.97 in just under 2 months from an initial $200 deposit account

You can download the full history from the link below:

==>> Download History here

This Club member started his live account with an initial deposit of $200 and began trading live on the 1st March 2019.

The results are from the 1st March – 26th April 2019

He began trading Fixed Stake settings and Compounding settings with various Factors, and $5 and played around with some settings, eventually settling on Fixed Stake of $10 with 3 simultaneous trades and a factor of 5 and just let it run.

This has now generated a profit of $584.97 to date.

That is nearly a 300% account increase in almost 2 months.

These are the settings that he used.

his settings
Fixed Stake with Factor 5

You already have this setting. Just load up your FX_Fixed_Stake_5 setting and change the Max Simultaneous trades from 2 to 3.

His suggestions are that if you trade lower Factor numbers to get more trading activity then limit the Max Simultaneous trades to just 1.

If you trade the higher Factors like 5, then you can go for more Max Simultaneous trades like he has at 3, but you could go even higher as there are not that many trades at the higher factor numbers.

He only trades the Forex binary pairs and never trades the OTC. We agree with this. No OTC trades.

He closes down his bot on a Friday and restarts it on a Monday.

He runs it on the Cheap VPS that we all use.

Hope that gives you some ideas and encouragement.

Note

By using the factor 5 and those settings, you will only get a couple of trades per day and some days, no trades at all., while some days you might get a dozen or so trades.

Patience is the key with that setting.

If you want to see faster action go with a Factor 3 setting.

If you want tons of action go below a Factor 3. You can also make your own Factors like decimal points, e.g. you could go with a 2.5 for example. Play around and maybe you find something that works out good.

Update

Please be aware of our updated winning settings.

We discuss it on this post.

Pocket Option Review

The Facts

Pocket Option is a binary options broker concentrating on crypto currency, forex and Over The Counter (OTC) options.

In fact they have over 100 assets to trade and certainly the biggest selection of crypto currencies to trade that we have seen.

They are owned by a company called Gembell Limited and registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 with the registration number 86967.

They are regulated by IFMRRC (License number TSRF RU 0395 AA Vv0124)

As far as we can see they have 45 deposit and withdrawal options and all the top crypto currencies.

There is a free demo account that does not expire and can be topped up when required.

There is also a copy trading facility for live accounts, which seems to be quite active.

They seem to accept traders from everywhere, including the USA and Europe, except Germany as far as we can tell.

The platform is an online trading platform that is really nice and fast and they have just introduced a bot that you can download and use to trade from an MT4 terminal.

They also allow robot trading and that is how we were able to create a bot to work with their platform.

The live chat response is generally very prompt and is accessed from within the Help section inside your account and that is a big positive.

Due Diligence

Seems that the Marshall Islands are somewhat of a tax haven and an easy place to set up an offshore company and banking services.

The Marshall Islands do not have an official regulatory body overseeing any type of trading as far as we could see, however Pocket Option is regulated by IFMRRC which leads us to ask who IFMRRC is.

IFMRRC stands for the International Financial Market Relations Regulation Center

You can read their About Us here

Here is a snippet from their About IFMRRC page:

International Financial Market Relations Regulation Center (IFMRRC) is a non-commercial organization created for the purpose of regulating the quality of services provided by brokers and dealing centers, as well as the reliability of services provided by participants of the cryptocurrency market: cryptocurrencies, cryptocurrency exchange markets, cryptocurrency cloud mining services and companies, which attract investments through ICO.

Summary

The IFMRRC seems to have been created in response to there being a lack of regulation in the crypto currency markets.

How independent or strong this regulation is, remains to be seen.

Well at least some regulation is better than none.

It appears that Pocket Option has seen a gap in the binary options and crypto currency market and have set up to satisfy that demand by going offshore and with an independent regulator.

We noted that Pocket Option website came online in July 2016 and is paid up to July 2021

We have had no issues at all trading with Pocket Option and the withdrawal and deposit process has been super smooth and easy. We used Skrill.

The minimum withdrawal is $10.

They do offer bonuses and these can often create issues as they require a certain amount of trading volume before a withdrawal can be made, so just make sure you read all the small print if accepting any type of bonus to avoid any misunderstandings.

As with all brokers, we recommend not leaving large amounts in the account and to withdraw profits regularly.

So far, so good with Pocket Option and we are quietly confident with this broker.

==>> Pocket Option

Pivot Bot Update with new settings

The Pivot Bot has been updated to version 1.7.1.0 and we updated the settings on Saturday 13th April 2019.

You can download the latest settings via this link.

Everybody has been having good success with the Massaniello Money Management on the 1 minute chart with a 5 minute expiry.

You can test it out on your demo account first.

You can also read on the Pivot Page how the Massaniello has been working.

We should have our new Volatility Bot released either today or within the next 48 hours.

Keep a look out for that.

Pivot Bot and copy trading update

Please note that we have updated the Pivot Bot to Version 1.7.1.0 which fixes up an issue connecting to the Forex Factory calendar and also allows for trading the forex options as well as the Volatility Indexes.

We have also updated the copy trading which is now free to use.