Investoo.com is the latest binary options signal service provider to hit my radar. The service, unlike many of its shadier cousins, is one of the more useful, reliable and believable I have found. Not only do they provide legitimate tools free of charge they offer supporting services that are of real value.
A few things that caught my eye include that they claim a winning rate of only 75%, they make no claims to the infallibility of their product and go so far as to say that using their tools successfully takes more than blindly following the signals. This may sound like smoke-and-mirrors or an attempt to brush off responsibility but once you delve into what they have to offer you will realize, as I did, that this is not just some affiliate marketing scheme.
Investoo.com is a resource for binary and forex traders. The site is focused on education of traders based on commonly used and accepted indicators. Their services are multi-layered to fit the needs of all levels of traders from pure copy trading all the way through those who truly wish to learn to trade for themselves. The services are based on three indicators systems intended for forex and adapted to binary, including one system developed exclusively for binary.
These systems use PSAR, MACD, ADX, moving averages and stochastic to generate signals. Each system can be applied to any commonly traded forex pair as well as heavily traded indices, stocks and commodities. They can also be used on charts ranging from 5 minutes to daily and generate appropriate signals for each. The indicator packages download directly to your MT4 platform where they create visual and sound alerts. Additional benefits of membership include access to over 125 video courses designed to support the indicators and signals.
- PSAR – This system uses PSAR and ADX to pinpoint reversals and trend following entries. It is a great tool for generating signals on short term charts but is also reliable on higher time frames. This system has a stated win rate of 75% and may offer the most signals per day of any of the three.
- MACD - This system is based on MACD and targets swings in the market. The MACD signal system is intended for use primarily in the forex market but can be used on any liquid asset. It is great for range bound assets as it delivers both call and put signals but is also highly effective in trend following situations as well.
- BO Indicator – This is a more proprietary system based on stochastic and moving averages. It is designed specifically to binary options but can be used to trade forex too. It seeks to target reversals and overbougth/oversold conditions as entries for short term directional trading.
Investoo.com Binary Options Copy Trading
The basic membership is free and includes access to the three indicators. The indicators are great tools but not infallible as they generate both buy and sell signals regardless of trend, market conditions or support/resistance. They provide possible entries, but final decision is based on individual trader analysis. This is fantastic for those who like to trade on their own and are seeking a good tool, or for those who are learning and would like a frame work for signal generation but be prepared for a learning curve.
I can definitely recommend these tools, mostly because they are based on indicators I already know and love, namely the MACD, stochastic and moving averages. I can also recommend them because they provide a solid platform for learning. The tools are supported by the introductory and beginner level videos but to get the full video course you will need to upgrade to the pro version.
The Pro version gets you the entire package including signals vetted by pro traders and published on the website, all three of the indicator systems and access to the complete video library. The full package is only $99 and does not require a deposit, however, you can get the package free if you make a deposit with a supported broker. There are over 100 signals posted to the website daily with an average win rate of 60-70% depending on which assets you follow and how many trades you make. Signals are given for all of the commonly traded pairs and are available for short and long term trading up to end of the week and one week expiry. Signals can also be received through email or SMS for mobile trading.
Investoo.com is a solid source for binary options signals and copy trading. The service uses well know indicators, not some secret formula, and is supported by a full educational program intended to get you trading on your own. The cost is small at $99 and easily gotten for free with deposit, a real bonus for those who have yet to open an account or those ready to open an account with a new broker. I will be testing the tools myself so be on the lookout for future updates.