The week of October 6 – 10, 2014 was a great one for successful binary trades. The market seemed a little slow, but this could’ve been due to the high volatility news. If you chose not to trade during those times, you should’ve been golden – if you used a solid strategy. I have stuck solely to the strategies I have created using the base Black Magic Strategy.
This Black Magic strategy was taught to me by my mentor a while back. I started with strong back testing and then using my demo account. With a consistent 95% win rate, I went full force using it with my live account last month (using only small, $50 trades) and have never seen anything like it. With only 3 lost trades all week…I am higher in the money, than ever before.
No more of the 85-90% win rate. I am shooting for a consistent 95% and higher win rate from here on out! And, after learning the rules, when to trade and when not to trade this strategy, I have made more updates to the SlickTrade Members area on what to watch for. Although you can trade this strategy anytime and still win around 90% and higher…I want an even stronger win rate. So I spent countless hours focusing on the few trades that did lose and why they did.
I was excited to create and back test my own strategies, branching off of the Black Magic Indicator. My overall win rate this week, using 4 solid strategies was 96%.
To members of the SlickTrade room – be sure to read my updates on the strategy and follow it. Be patient, and don’t take a trade simply because you have a gut feeling. Back test time and time again and use your demo account, so that you are not out of the money. Take ONLY solid trades. Follow the rules and I look forward to trading with you live soon! The daily live trading room will be opened in January 2015, so be ready!
If you are interested in joining the SlickTrade community Click Here
And for now, back test! Learn! Have a great weekend and I will be back to help all of you next week!