Is the Copy Buffett app living up to the hype now that it has gone completely viral? This review update of this fully automated Binary Options software system will be taking a look at the results we are seeing thus far and we will also be giving some trading tips on how to use the software. If you have not yet read our full review, I encourage you to take a look at Copy Buffett Software: BEST 2016 System Or BUSTED?
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Copy Buffett Software Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: No
- Paid Actor Testimonials: Not from what I can tell
- Impossible Revenue Gains: No
- Comes Across As Authentic: Yes
- Convincing Proof of Profits: Yes
- Possibility of Being a Scam: 2%
- Price: Free. Have to sign up with one of their brokers.
- Auto-trading: Yes, fully auto-trading software
Amazing update: 2 March 2016 – I decided to do 10 sequential trades and show you the results. That ended up being 11 trades with 9 winners giving the Copy Buffett software an 82% ITM rate! That is a great confirmation of just how well this software is performing!
Follow Up Trading Results
This video was done prior to the one listed above.
The video should give you a good indication of how I'm using the software myself, this doesn't mean that you have to do the same, but I had subscribers that asked about it, so I decided to make a video showing exactly what I'm doing. This does not mean that you cannot trade it on full auto-pilot, using it on auto-trading mode is primarily what this software was designed to do. I'm just a bit of a control freak, so I prefer to have more direct control over my trades.
The results that have been reported thus far by a large number of other reviews have all been in the 80% ITM win range, and that matches up to my results. Also read further to see the results I got while I was writing this update! Of course not all days have been perfect, and with trading that happens from time to time. However, by simply not chasing losing trades and practicing sound money management you will come out on top!
Overall the results have been very impressive and the Copy Buffett app is without a doubt one of the best trading systems thus far for the year, and most possibly for many months to come as well.
Updated Free Trading Tracker!
I can just hear some of you already asking what exactly “sound money management” is, so what I've done for you is to update the free trading tracker Excel sheet that I included in the original article with a brand new tool. It now incorporates the “Kelly Criterion” or “Kelly Formula” for optimal trade sizing to better manage your money, and maximize your winnings while minimizing your losses as much as possible. Simply click on the image below to download this FREE tool with the Kelly Criterion for Money Management included inside the Excel sheet. It's totally free, I'm not even asking you for your email before you can download it.
If you are not familiar with it, you should read about the Kelly Criterion for money management to get a full grasp of how it works, and how it is applicable to trading. In the version I included for you in the Excel sheet, I made a slight alteration so that the full value of Kelly Formula is not used. It is common practice and actually generally advised to not use the full value. It has been adjusted to be slightly less in order to be more attune to Binary Options trading. You will also see that there is a little note inside the Excel sheet to explain that the values are approximate, and that you should choose the best trade size according to your Binary Options broker's options. I trust that it will be a very valuable tool in your trading, now just for the Copy Buffett app, but all of your trading.
Copy Buffett App Software Tips
I want you to pay attention to a couple of things in this screen capture shown above. Firstly, take note that the Copy Buffett software actually tells us that the best trading times are between 9am to 7pm UTC (GMT +0). Obviously it is possible to trade outside of those times, but you would need to be a bit more careful. As you can see from this particular result, the software performed perfectly, even though it was not the best time to trade.
The signal strength indicates the estimated confidence that the signal will be accurate, and you will see in the next screen capture below that I've set my preferred signal strength to 85%. This is a unique feature of the Copy Buffett app which means that the software gives you a lot more control over the trades.
While I was writing this follow-up, I had two browsers open, and both with the software running, and it looks like you can get even more signals this way. If you take a good look at the time at the bottom of the chart, you will see that these practically overlapped, and both were definite winners!
Another excellent feature of the software is that you don't have to risk a single cent if you just want to check and make sure that it works well for you. All you need to do is to look at the suggested trades, and then watch it all unfold over the course of 10 minutes. This is a huge advantage in my book, and provides a lot of transparency that you can use to decide if you want to take a trade or not.
The signal strength level that I'm using is 85%, but if you want more trades, you are welcome to set it to a slightly lower level, although I wouldn't suggest that you set it below 75%.
So does the Copy Buffett software really give you up to 500 trades a day? Initially I was skeptical, but let's do a quick check. Since I've set my desired signal strength quite high, I'm not getting as many trades, and generally I've only been taking the top trade. Let's say that I lower the signal strength and that it gives me 5 trading signals on average, and each lasts 10 minutes. That would mean that I would get 6 x 5 trades per hour = 30 and therefore you would only need 17 hours of signals per day to exceed 500 trades per day. In short, you could probably get even more than 500 trading signals per day with this software if you wanted.
How Does The Copy Buffett App Signals Work?
It's really simple. You will basically sign in, and please make sure that you go to type in the name of the trading site correctly. NOTE: It is actually spelled with only one “t”, not two as it should be. The trading site if different than the sign-up site, so if you try to sign in and you get an error, follow this link: http://copybuffetsoftware.com/login – you will see there is only one “t” here for Buffett.
Once you're inside, you can set your preferred signal strength, as well as the trade volume if you are going to activate the auto trading feature.
I believe the default signal strength setting is 75%, but I increased mine to 85% and I'm very happy with the results I'm getting with it, as well as the number of signals I'm getting. I would also suggest that if you do the auto trading, start out with the minimum trade volume of $25. I prefer manual trading and simply using the signals to trade directly with my binary options broker, so I switched the auto trading to the off position.
The trading chart here might be a bit difficult to match up to the start of the trade as seen in the screen capture before this one, but take a good look at the “7:50” time slot and you will see that it all matches up. In this case the USD/JPY dropped like a stone, and then recovered quite a bit, before it headed down again. 100% certain win here!
That really is all there is to it. As you would have seen from my video, I personally like using my own charts just to do a quick sanity check by verifying where the pivot points lie as well as other support and resistance areas. If you do want to check out the charts, you could use the MT4 platform if you have it installed, or you could do what I did and simply click on the free charts link to the left of this article. It comes pre-loaded with a newsfeed, some of the top assets and one or two of the most important indicators.
If doing all that is not your type of thing, then you don't have to worry at all. The Copy Buffett app is actually powerful enough so that you don't really even need to do that.
Right throughout writing this article, I kept on checking the trading signals provided by the software, and I was once again pleasantly surprised to see how consistently it performed. There was only one trade that was a loss, and 5 others that were all winners. That is a solid 83% win rate while I was writing this article!
Unfortunately I didn't catch them all on a screen capture, but here is one last Oil trade that I caught, and you have to remember that all of this was done outside of the suggested trading period, so the performance of the Copy Buffett software is really excellent!
Copy Buffett App Follow-up Conclusion
When I first got a hold of this software last week, I could tell that it was going to be good. What I didn't know at the time, was just how good it was really going to be!
The fact that you can see exactly how the suggested trades progress is a killer feature that I simply have not seen implemented in the same way with other systems. This allows you to not just track how your trades are performing, but it also allows you to do your own completely risk-free analysis to check the accuracy of the software for yourself without putting down a single cent. Then, once you're confident, you can do ahead and either place manual trades with your binary options broker, or simply allow the system to trade fully automated.
You are also welcome to take a look around on the web and see what other people are saying about the Copy Buffett app. Yes, there are always haters, and frankly I don't see how they could not like this system, unless they're simply trying to promote one of their own products instead of something that has been proven to work. I don't know about you, but I'm far more interested in systems that work!
If you are interested in testing out the system for yourself, all you need to do is to click the banner below and follow the easy instructions that will tell you everything you need.
Next Actions To Take:
Once you've clicked the banner, you will be brought to the Copy Buffett site, where you can either play the video presentation video, or disregard it if you already viewed it in my earlier review. The second thing you will have to do is to write in your name and email.
You should next see a panel open on the right, it will already have your name and email written in. All you need to do now is to enter your last name, your phone number and you need to pick a password. Ensure that you don't lose that password! If you enter a different email and name here, things might get mixed up, so stick with what you entered previously. It's important that you use your actual name and a good email here, since all that will be relayed to the broker.
The broker will need to have your correct details, otherwise it will create issues later down the line when you wish to withdraw your cash. After the spinning waiting wheel completed doing its job, you will see the funding page for your broker. This form will already have the relevant information you typed in earlier automatically duplicated over. It is essential that you do not change your name or email at this point, since it will undoubtedly cause issues with syncing your broker account with Copy Buffett.
The next step will be to fund your account, and this can be as uncomplicated as choosing the option to fund your account with your credit card or you can chat to a broker agent if you choose. I prefer just simply using the credit card form they present on the broker site.
Once you have entered your info here and funded your account, you will be ready to go! Understand that some brokers might prefer to verify your information before you start trading, but others allow you to work on that later on. In either case, it is vital that you verify your information with the broker, since not finishing this step is the greatest source of support calls later.
So as to protect you and to adhere to regulations, all brokers will ask you for some form of visual identification, like your driver's license, as well as the last 4 digits of your credit card, and verification of residency. This is basic practice and you should expect to get requested for this sort of documentation. You should note that they should permit you to blur or block out your driver's license number and the first digits of your credit card.
If you’re completely new to Binary Options trading, it might be a good idea for you to first familiarize yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.
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