Here is a full review of Auto Binary Signals which is an automated binary signals service created and owned by Roger Pierce. He claims to have developed a “superhuman” binary options trading software which supposedly made him more than $273,000 in 30 days in trades supervised by a private hedge fund. Pierce claims to have become a binary options millionaire at the age of 49.
According to his website, Pierce’s trading experience is said to date back to 1982 when he graduated from the London School of Economics, earning his trading credentials at several investment banks before suffering a major hit in the 1987 stock market crash. Working in a hedge fund to manage their software, he was able to develop a new skill set which he used in creating his binary options portfolio. Roger’s website shows plenty of screenshots from his impressive bank accounts but does his trading system really work? Let’s find out.
Asset types traded with Roger’s system
The trade alerts issued by the Auto Binary Signals service cover all assets traded in the binary options market: currencies, stocks, indices and commodities. All trades are based on the Call/Put binary options contract, where the trader selects CALL if the analysis shows that the asset will end the trade at a price higher than when the trade was initiated, and PUT if the signal predicts that the asset will end the trade lower than when the trade commenced.
Mechanism of operation
Pierce’s automated trading software is built on what he calls the “risk-reward stabilizing system”. This system deploys multiple indicators for trading precision, a supply-demand price predictor and a trademarked Auto Adaptive Profit Trade Technology to trade the Call/Put binary options. The system uses 5 indicators which have been custom-tweaked to suit the system and recognise and discriminate between real and fake trends.
Roger’s system has a two-step filter method:
- All indicators must align according to the system parameters
- The signal produced from the indicators must then tally with a pre-existing strategy designed by Pierce before a trade opportunity is detected.
Pierce has one slogan which sums up how his automated binary options signals service works:
“It is about being in the right market at the right time and in the right direction.”
Unlike binary signals by Franco or Exchange Traders where users need to be glued to the screen and copy a live trader, here a user can follow the simple trade instructions at any given time, 24/7. All it’s really needed to see and execute Roger’s Autobinary signals is access to the Internet. We would suggest having at least 2MB download connectivity.
Auto Binary Signals format
Traders are expected to log in to the members’ area of the website where the assets to be traded, the signal expected, expiry time and other parameters are displayed clearly in a table. When a signal comes in, it is clearly shown in an easy to understand format.
The signals come with an audio alert and with a countdown timer, which shows how much time is left on the validity of the signal. Once the timer winds down, the signal is no longer valid. If the signal is still valid, the trader can then head over to the trading platform and execute the signal on the chosen asset. There is a tab on the signal table which allows the trader to choose the expiry time. On the asset list, a light bulb sign appears on signals on other assets which are still valid.
The percentage displayed beside the trade direction shows how assured the signal is: a higher number shows that the probability that the trade will end as predicted is high, while a lower number shows a lower probability of success for the signal in question. The calculations take into account five custom-programmed indicators.
You can also click on the Details button next to each asset to get more information about the signal and see the actual chart showing the price action with aligning indicators. You basically see the reasons for the trade direction and as such you can participate in the decision process and/or learn from the technical analysis.
Below is an example of a new trend with a signal accuracy of 85%. You will notice that 4 out of 5 indicators are green and there is a tick next to them. Green means that these indicators recognize the trend whereas the yellow means this indicator does not see it, hence the signals shows only 85%.
In this example below you can see what the signals looks like when all 5 of the custom indicators recognize a trend. The signal’s accuracy shows 93%. The reason it shows lower percentage than 100% is because the trend could still be stronger. Roger’s automated calculations and algorithms go well beyond the scope of this review but we would recommend, especially to novice traders, to only follow trends above 90%.
Screenshot of Auto Binary member’s area
Roger’s Auto binary signals are completely color-coded. Green is for signals which are still fresh and ongoing, yellow is for signals which are ending or winding down and are not as valid any more, while grey is for expired signals. It is recommended to pass over signals with only 1 minute left on the countdown timer. The timer is an important feature as it informs you of the signal’s remaining validity.
Autobinary signals can be easily used by novice traders, as well as, those who are more advanced. Having more information in the Details section one can really see and appreciate how the accuracy percentage is calculated.
View a short video of how the system works in the member’s area
Few words about broker affiliation
Traders can use any broker they want with Auto Binary signals. It is quite refreshing to have this options right from the start as many signal services try to force their subscribers into using a particular broker they are affiliated with. If you’re already with a broker you like there is no need to switch to a new broker and you can start using the signals straight away. In case you are not currently trading with any broker please visit our broker comparison table here.
Profitability of Roger’s Auto Binary Signals
Pierce claims that the minimum risk and the maximum returns model of his trading software ensured the profitability rate above 80%. We tested the signals but only traded on the signals which were above 90% when all 5 indicators were green, meaning they all recognized a trade opportunity.
We tested the signals for a month and got the following results *
- Signals received: 62 signals
- Signals Won: 52
- Signals Lost: 4
- Neutral: 6
- Performance rate: 83.87%
* Please note that past results do not guarantee or indicate future results
What to consider before using Auto Binary Signals
Before investing your hard-earned money into these signals please be aware that they are semi-manual. This means that you as the trader still need to actually trade the signals on your broker account.
Although the Auto Binary signals are displayed in a very clear, concise and colour-coded manner the trader still needs to choose the signals which to trade, so there is a basic decision process that a trader still needs to make. Some may argue that as an advantage because they believe the ultimate decision should always lie with the trades as he/she are trading their own money, so that responsibility should lie with them.
The signals may show anywhere between 80%-100% accuracy but if you wait for 100% accurate signal you might be waiting quite a while. Roger recommends following signals with an accuracy rate above 80%, but we think 90% is will be much safer. It’s better to trader less but but with higher accuracy, this especially rings true with binary options where you can lose your entire trade amount.
Pros of using Roger’s Autobinary Signals
- You can use your existing broker to trade the signals. There is no discrimination on which broker you may or may not use.
- The signals are for short term expiry times 1m-5m and 15m-1h. With this signals you can trade accurately various expiry times, short term 1-5 minute trades, as well as over 1 hour.
- 60-day money-back guarantee. Sixty days is a long time to test any signals quite thoroughly. Not many providers can match this offer.
- Proof of signals’ profitability updated on a daily basis. You can see the proof on their website. This really attests to the high transparency of the company’s service.
- There is no learning curve. You really don”t need to have any trading experience to use Roger’s signals. You only need to know how to place a trade with your broker.
- No software to install. The entire signalling system is fully accessible online via a password protected website. Upon purchasing the login credentials are provided via email.
- No market analysis to conduct. There is literally no need to look at any charts and analyse the markets. It’s all done for you in real-time showing only the best trading opportunities.
- The signals are very easy to follow. After receiving a signal all you need to do is to place a trade with your favourite binary broker.
The support team on Auto Binary Signals can be contacted in two ways:
- Use of the online contact form on the Customer Service page of the website.
- Via email: email@example.com.
The costs of signing up to Pierce’s Auto Binary Signals
Autobinary signal service is probably one of the cheapest in the industry. Traders can purchase access to Pierce’s trading software for a single payment of $97 (there are no monthly charges), and additionally choose to access additional training and strategies provided by Roger. There are various payment methods available including Paypal or credit cards and Pierce also offers a full 60-day Money Back Guarantee, which really takes out all the risk from buying and trying out his automated signals.
Perhaps the most interesting aspects of this particular signal service are its ease of use, accessibility and high profitability levels between 80%-85% when all indicators are in the green. Roger’s Autobinary Signals also allows traders to use any broker they like without imposing a specific trading platform on their users. (It’s always nice to have additional options when it comes to brokers.) The custom indicators have been tweaked to produce consistently good results and in our opinion access to this online software is definitely worth your time and the investment. As it is currently priced at single payment of only $97, and there are no monthly subscription fees, we believe it is one of the best deals out there when it comes to professional binary signals.
We hope you found this review helpful and wish you all the best in trading. Remember to test the signals on a demo account first.