Category Archives: Copy Trading

Trade4Me.Com New And Improved Binary Options Copy Trading

Trade4me.com has long been a leading source of binary options copy and signals trading. The company has recently launched its 2.0 version which includes all the same great features we’ve come to know and love, and even more. The platform is a third party stand alone system linking copy traders with signal providers, signal providers with copy traders and traders of all kinds with brokers. The system is set up around a leader board with one major difference from platforms like CTOptions Trade Replicator and the SpotOption iFollow platform. Trade4.me is owned and operated by SAS NEUTRINO, an independant financial services company registered in France. SAS NEUTRINO is located at 28 Venelle De Kerivin, 29200 brest, France.

Copiers and leaders (signal providers) are kept separate. This means that as a copier you are only following traders who are making their own trades and not just other copiers. Upon sign up each member is given the choice, be a Follower or be a Leader. Followers can copy but not be copied, their profiles are private as is their trading history and they are not listed on the leader board. Leaders can be copied but can not copy, their profiles are public and their history is displayed on the leader board. Screenshots of the platform and leader board are provided at the bottom of this post.

Trade4Me.com Brokers, API’s, EA’s And AutoTrading

At this time there is only broker linked directly to the platform, Stockpair, but you can use the API interface to link to any broker or platform including MT4, MT5, Matlab, NinjaTrader, ThinkorSwim and Tradestation that allows it. All it takes is a few simple lines of code, complete instruction are provided on the website and technical support is available. In fact, the API interface allows you to use EA’s and tech support will help you code your own system if you have one. EA’s can be used by individual traders for signals, to send signals through your Leader account or to set up binary options autotrading.

If you already have StockPair account all you have to do is link it to the platform. If you don’t you can sign up on your own, or sign up through the Trade4Me.com platform but there is no requirement to do so. If you want you can follow traders and then execute the trades on any broker you’d like.

The platform also supports direct web trading with your Stockpair account. This means as a copier or signal provider you can trade directly from the Trade4Me platform. If you are a trade Leader, trades become signals and are sent to your followers and copiers. One bonus of using the web trader is advanced charting. Charts are great, display historical data in several time frames, displays data in candle sticks and includes the top trading tools and indicators. You can read my review for more on CySEC regulated Stockpair.

Trade4Me, For Binary Options Copy Trading

The leader board is set so it can be filtered in 5 ways; profitability (how much loot the leader has made), win/loss ratios, the number of trades made, the number of copiers each trader has and the number of followers. You may have noticed that there is no filter for asset but that doesn’t matter. The average copy platform may let you filter by asset but it’s an illusory concept; it doesn’t mean the trader you follow will only trade that asset or that you will only copy that asset, only that the trader has a good record with it. In order to find traders who trade a certain asset, or mostly trade a certain asset, look to the profile. Leader profiles include a trade history and a pie chart showing the breakdown of which assets are traded. The pie chart is good for a quick glance, the trade history is good for confirmation.

Trade4Me Copy Trading Accounts

Accounts are set up on a 5 tier system; Follow, Bronze, Silver, Gold and Diamond. Follow, the least expensive package, means that signals are sent whenever a followed trader makes a trade but the signals are not sent to the copy traders account, followers will have to make their own trades. From the Bronze package on up signals are automatically copied into your account with caps on trade size. Bronze accounts copy with trades up to $100 each, Silver is trade size up to $300, Gold trades are up to $1000 per signal and Diamond level trades are unlimited in their size.

As a copier, when you find a trader you want to follow, you have the option of choosing which trade package you want. You can follow as many traders as you like, each of them with a different package. As a signal provider you set the price on each level.

Leader Board

Trade4me Copy Trading Leaderboard

StockPair Web Trader

trade4me-stockpair-webtrader

Advanced Charting

trade4me-advanced-charting

Visit Trade4Me.com Now!

Trade4Me.com Profiles

trade4me-profile

More Choices For Binary Options Social Trading Platforms

There are now more choices than ever among binary options social trading platforms. I don’t mean those crappy little “trader sentiment” bars some brokers have, or even streaming trades from “real traders”. Those are bogus and not even qualified as copy trading, seriously, what do they do? Tell you that 60% of traders are bullish or bearish? What time frame? What expiry? I’m talking about real copy and social trading where you follow individual traders and copy their success. Those sentiment bars may be good as a signal but just isn’t good enough for those who would like to follow better traders, copy their trades, make a little profits and maybe learn something about the market.

Binary Options Social Trading, Not Just Copying

But what is social trading and how is it different from signals or simple copy trading? Believe it or not there are some differences. Signals and copy trading can be a cold affair. There is little to no interaction between you and the provider and no guarantee of success. In fact, many signal followers and copiers report that their success rates are far below those of the provider. This doesn’t mean that the provider is flawed, some are but some are legit, it just illustrates the difficulty in trying to duplicate trading results in more than one account. Social trading gives control back to the trader while providing signals and an environment for learning.

Some of the criteria required to meet the level of social trading platform include some form of signals, preferably from real traders and not software or robots. The platform must support direct copying into your account so that you can match results as closely as possible. There must be at minimum a leader board and at best a full forum so that traders can interact, preferably with profiles. Good copy trading accounts must also come with management tools to limit the size of each trade, amount of allowable loss. Finally, the platform must support direct trading and not just copying so that copiers can eventually begin trading for themselves and providing their own signals. This is a list of the five platforms that best fit this model.

TradeSmarter Social Trading Platform – TradeSmarter is a full service white label binary options platform with social trading features. It is one of the newest to offer social trading and fits most of the criteria of a great social trading platform. The basic platform is fully loaded with assets, options and expiry. Hi/Low is the standard but range, one touch and over/under are available. The Strategix feature allows traders to increase and decrease strike prices for the exotic options and thereby adjust risk/reward payouts. Basic copy trading features include a Trader Sentiment chart listing put/call ratios for dozens of assets. There is also a list of streaming trades by live traders. Users can log in with Facebook if they want. They can also build profiles where they can promote themselves or learn about traders they may want to copy. The only thing missing is autocopy but that is not a big deal, traders have to actively take signals in order to make trades. Despite this shortfall, there are numerous advantages to this platform which make a good choice for social traders

CopyOp Social Trading Platform - CopyOp is the stand alone copy trading platform of AnyOptions, owned and operated by the same company, Ouroboros Derivatives Trading LTD. The company is headquartered in Cyprus and both AnyOption and CopyOP are CySEC regulated. The platform allows traders to build profiles, search leader boards and copy trades directly into their account. All traders using AnyOption and CopyOp are included in the feed of possibilities making it one of the broadest bases of traders on any copy trading network. All trades come with a rebate, in the range of 15%-25%. Users are able to trade directly, or follow 5 or more other traders at one time. AnyOption support a wide range of trading including standard call/put options, one touch, 0-100 options and other exotic features. CopyOp users are also able to earn CopOp Coins. These are credits earned whenever another trader copies them and can be redeemed for cash or other prizes.

CTOption Binary Replicator - The Binary Replicator is the social trading feature of popular broker CTOptions. CTOptions is built on the PandaTS technology, a white label with several other brokers in the fold. The Replicator is a copy trading dashboard available directly from the main trading platform and allows users to copy or make their own trades. Built on a leader board, it allows traders to follow and copy up to ten other traders with trades placed directly into their accounts. Profiles are not provided but there is some basic data for each trader on the leader board, win rate, number of trades etc. Copiers are able to control the amount of each trade but length of time and total losses are left to the individual. Users can also pick others to follow from a live stream of trades, displayed at the side of the screen. The platform support high/low, range and one touch options in a wide array of assets.

SpotOption’s iFollow Copy Trading - This one is also known as Spot Follow but is the social trading application available on the SpotOption platform. SpotOption is a well known white label platform providing turn key solutions for brokers. The basic platform supports the broadest range of assets, options and expiry of any on the market including spot FX and CFD’s. The company partnered with ZuluTrade to produce the copy trading platform which displays each brokers top traders on a leader board. The leader board can be filtered by asset and displays basic information about each trader and their stats. Copiers can have trades placed directly in their accounts and have control over trade size, loss amounts and the length of time to follow each copied trader. The only thing missing are profiles otherwise it would be without a doubt the best platform. There are quite a few broker offering iFollow including regulated and non-regulated versions.

The Geek’s Top Five Tips To Get An Edge Social Trading

Everybody is looking for an edge over the market. This makes finding a good one extra hard, and opens the door for scammers, gurus and just about anyone with a computer to start offering signals and strategies “guaranteed” to make you rich at the push of a button. The problem with most of these is that their number one goal is to make money off of you, my trading brothers and sisters. The only way to truly gain an edge on the market is to educate yourself, learn to make good trades and do your trading well. Now, along with that, there are some tips and tricks I can offer to help get an edge social trading.

The Geek’s Tips For Getting An Edge On Binary Options Trading

This is not a good chart.
This is not a good chart.
1 – Charts – Charts are what trading is all about. Everything you need to make a good trade is represented on the charts in the price action. Most brokers have only the rudest of charts, simple little windows with about an hour of data represented by a squiggly line. There are no tools and no clear insight into trend, support, resistance or market health.

The best thing you can do for yourself is to NOT use the charts provided by your broker unless they are far superior to what I have just described. To get an edge over the market you need to be using advanced charts like what you can get with MT4, Java Charts and a number of other top charting packages. There are a couple of brokers including Binary.com and Tradorax that do provide better charts.

2 – Japanese Candle Sticks Candle sticks are one of the most advanced forms of charting, I highly recommend learning to read them if you truly want to get an edge on the market. Candle sticks turn simple price information into a clear picture depicting the battle between the bulls and the bears. They bring complex price patterns into sharp focus and provide some of the strongest signals in the trading world. All it takes is one look at this style of chart and you can easily see what I mean. The down days are black, the up days are white and when a significant event happens in the market it is easy to see. Candle stick signals can be as simple as one over large candle, or as complex as a series of candles and how they interact with each other. A few of the most commonly traded signals include Harami, Doji, Dragon Fly, Hanging Man, Piercing Patterns and Engulfing Candles.

Candle stick charts are best for binary traders.
Candle stick charts are best for binary traders.

3 – Know The Fundamentals The charts can tell you everything you need to know but reading the charts can be a challenge. If we assume that all knowledge is known by the market, and represented on the charts by price action, it is the fundamentals that are driving price action. Having an understanding of what fundamentals are, and their health relative to current market action, is a great way to gain an edge over the average trader.

The economic calendar, offered by several top sites, is a good place to start.
The economic calendar, offered by several top sites, is a good place to keep up with data and events.

Any indicator or system can and will provide signals in either direction regardless of trend and fundamentals. Understanding the fundamentals can help to weed out the false and/or lower probability signals. Fundamentals include central bank policy, economic data, earnings trends and any other information dictating market conditions. If fundamentals are improving, bull trades may be better, if fundamentals are deteriorating bear trades may be better. News websites, government agencies, earnings reports and other traders are among the top sources for this information. Bonus tip: if an announcement is due out, wait until after it is released before entering a trade.

4 – Trade Signals, Not Feelings Trading is all about signals and I don’t mean the bunk signals offered up by any Tom, Dick or Harry. To get an edge on the market you must use strategy be it based on price action, indicators or a combination of both. The strategy should include clearly defined rules for entry, and you should follow them. Trading on hunches, feelings or intuition may work once in a while but for long term success a structured method of entry is best. When your strategy provides a signal trade on it, it’s that simple. Keep track of which signals profited and which ones didn’t, as you build up some data and experience you can adjust your strategy to include new rules and insights you gain into the market. The hardest part about trading signals is being patient. It takes time for them to develop, they don’t happen all the time. Investoo.com has a great series of binary options videos and indicators designed to help newbies get a grip on identifying signals.

Signals Tell You When To Trade
Signals tell you when to trade, this chart shows three high probability entry points.

5 – Learn To Trade The News If Fundamentals provide the foundation of market movements it is news that determines market movement on a day to day basis. Learning how news affects the market, and what to do when good or bad news is released, is yet another way to get an edge on the market. Think about it like this; fundamentals are positive and improving leading to an up trend in the market but some bad news has prices down. Does this mean the market is reversing? No, most likely not. Most likely this near-term bad news has provided lower prices and a good entry for bullish positions. The same is true in reverse; if fundamentals are poor or deteriorating, leading to a down trend, one day of positive news can provide excellent entry into bearish positions. Like with signals, it takes patience because market moving news doesn’t always happen every day.

A Binary Options How To Guide For Social Trading

This is a binary options how to guide for social traders. I’m not here to insult your intelligence with a simple 1-2-3 this is how you trade binary options like you can find on every broker on the internet. This is a serious look at how to get the best social trading experience whether you are looking to copy trade or learn to trade on your own.

The Geek’s How To Guide For Binary Options

1) The first thing you need to know is the differences in types of social trading and how they can work together. It’s OK, you don’t have to chose one kind over another now, just understand that copy trading means copying another persons trade and that social trading can including copying but also means education, community and support. The hurdle presented by the brokers is that they are throwing these two words around interchangeably, causing confusion among traders. The bottom line is that most social trading features are really just copy trading.
traders choice binary options indicator
2) After you have a good understanding of the differences between copy and social trading it is time to start getting to know some of the different sources that are available. Most brokers have some form of copying or signals available, a few have advanced copy trading platforms and even fewer embrace the full scope of the social aspect to trading. One place you can start is with reviews of the top platforms, brokers, businesses and services. Always do thorough research when checking out a platform. The top copy trading platforms, in my opinion, are the iFollow platform from SpotOption, CopyOP from AnyOption and the Binary Replicator from CTOption. These allow for copying from leader boards with the ability to manage your trading and filter traders by asset. They also support live trading so you can make your own trades.

iFollow aka SpotFollow is a leading platform for binary options copy trading.
iFollow aka SpotFollow is a leading platform for binary options copy trading.

3)After choosing a platform the next step is to choose a trader or traders to follow. This can be done a number of ways but should always be done according to a plan. All social trading tools are different but will have at least rudimentary information about the traders such as win% and most recent trade. Learning as much as possible about each trader and their style is key to success. In most cases you won’t get much more than a streaming list of trades that you can use as signals. When choosing traders focus on strategy so that you can keep track of what you are doing, and make improvements when necessary, even if you just want to copy. If you don’t you could easily lose your wad before you figure out what is working for you and what is not.
copy the best traders and follow their success.
copy the best traders and follow their success.

A simple plan might be to follow only the trades of one trader, or only trades made on a certain asset, or only trades made by traders with a certain win% or greater. More sophisticated traders can incorporate their own charts and analysis into the mix and use it to confirm any signals or trades that are listed. The top copy trading platforms allow you to follow multiple traders and filter leader boards by asset so you can get solid account diversification.

4) Social trading is all about education. There are a wide variety of educational materials on the internet including articles, videos and full trading courses designed to help you read the market and trade with long term success. Signals can also be a part of an educational program when used correctly. This means knowing where the signal comes from, the analysis behind it and its appropriate use in a trading strategy. Something easy for new traders to forget is that indicators and systems can give both bullish and bearish signals at any time, in any market; knowing which ones to follow is the trick to successful trading. The best signals for social traders are based on standard indicators, have transparent and easy to read signals and use a rules based approach to trading. Investoo.com has a variety of signal generating indicators based on MACD, PSAR and other well known trading tools that have been adapted for binary options. The tools are supported by an extensive video library, trading courses and live trade room so are a reliable source of signals and education.

5) Social is social, you just can’t get around it. Social trading means having and being part of a community. This could be as simple as reading newsletters or advisory services, or being part of a signal/trading group, or as complex as becoming a guru yourself. The point is it takes people, information and the exchange of ideas to make social trading social and not just trading. One place to find community is in a binary options forum. Forums provide access to traders of all levels to discussions on strategy, systems, account management, brokers, regulation and market analysis. Forums are also great places to find assistance in the forum of advice, suggestions, mentors and signals.