Blue Sky Binary/Signal HIVE General Discussion

ninja_bodotnet

This discussion was created from comments split from: Blue Sky Binary Group.

anthony75

http://www.blueskybinary.com is the place to go if you want to really learn something.. they give you 1 on 1 training, and help you along you're way. i have been to a lot of rooms, and most end up giving up! Blue Sky Binary and there on hand to help! 24/7.
there service has got even better as time goes on. i'm not just saying this for fun, it's just what i see with this group.
for learning there one of the best out there. they have a lot of patients, they also give a free Trial, which you can then see for you're self what there about. if there not for you, then that's you're choice. but if you want to learn how to trade, you can't go wrong with them!

lotzofbotz

Patients? They provide psychological services? Well now that is useful for many binary option traders as they need it! haha. I think you mean patience. Yes they have some cool stuff but really they should focus on promoting the bsb desktop tool as it has some cool features. I don't know if they hired some dipstick marketer but they seem to have gone into spam over drive and should focus on more organic methods instead to drive their traffic. Because yer just going to piss people off if you get retarded..

DWierman

The Dashboard is an excellent tool for signal junkies 24 hours a day! It does have many strategies. They also have a live trade room for those who want a short burst of trading. The personal attention you get for one on one trading in invaluable to anyone that is new or an oldtimer. I highly recommend them, BUT you do need an invitation to join. Let me know ..

moonbraker1

Thinking about joining BSB Dashboard. I joined Signal Hive a while ago. Signal Hive is rather new. The guys from BSB are behind it. It is a serious signal provider with mix of Robots and Human signals. It also has a group chat function, where you can talk about your trades, but the focus there is signals and not education. I actually want to learn how to trade, so I think in September I will give BSB Dashboard a try. I have spoken to some signal providers on SH and they learned their tricks on BSB, so I think they're a serious bunch. Nowadays BSB Dashboard is $74.99 a month, a bit pricy. But If I can seriously learn how to trade and even get 1 on 1 training, it is not expensive at all!

Blue Sky Binary

Dear all,

We have now completed the investigation into the BSB Turbo Panda’s unexpected losses yesterday (2 wins - 12 losses - 1 tie), which caused an abnormal drawdown for clients. The reason is owing to poor quality Turbos being fired on the back of certain market conditions being incorrectly identified, owing to the very thinly traded volumes. Such conditions happen c.10 days each year, namely all major U.S national holidays.

Our team had failed to pick up this adverse volatility condition the last time this happened, which was on May 25th (Memorial Day) and July 3rd (Independence Day) earlier this year. On these holidays, the Turbo racked up 8 consecutive wins and 5 consecutive wins, respectively, allowing the underlying problem to go unnoticed. Yesterday, unfortunately, those wins were neutralised and 2 wins, 1 tie and 12 losses were replicated on client accounts.

This glitch has now been addressed and the Turbo will be shut down on all major U.S holidays, thereby reducing the risk of such a “six sigma” or “black swan” event in the future. Although the Turbo is robotic, it is monitored by our team and we erroneously assumed that it would deliver solid return on U.S holidays as well, consistently. As the markets are non linear and complex, we too are constantly learning and incorporating research into our streams to make them more resilient. Clients affected have been issued partial or full refunds. We apologize for the error.

You can track the live performance of the BSB Turbo Panda here: https://goo.gl/j5jUKy

You can get in touch with us for more information.

Thanks, Josh.

subster

Here is my little review for BlueSky:
Well, I may not been that kind of guy that got ripped of by your uncle's mom' shady sales page for a super exciting autotrader robot, but I lost a buck or two with unintelligent, unknowing and undisciplined trading, so I already quit. Well not at all, as I was still reading in the interwebs about diverse signal providers. I tried some in the past, human and algo but was not able to confirm the ITM - % which the websites blatantly boast with.

Now I stumbled upon the BSB website and I found it sympathic, it was a bit nerdy, it was not about getting rich quick. So I added them on skype on talked a bit. Well, the first impression was VERY different to rest of the BO market. You will encounter many shady practics and people in this field, all are trying to get their commission from you or somehow else a few quick bucks.

Long story short: I entered BSB and what I experienced there was simply amazing. Senior traders that REALLY want to teach you trading, they really show you how the industry is working, take questionairnes by you to calculate your current knowledge and to begin at that point. From the basics of technical analysis to how to trade their signals with brains. Super patient and chill, with educational talent.

So in a nutshell - haters gonna hate, but this facts I personally experienced are reality:

For 74,95 per month you get:

- Unlimited 1/1 Trainings in your language
- Signals from diverse Algos
- A dashboard with everyting a trader might need
- Due dilligence senior traders that want to turn gambling folks into serious money making traders
- Indicators and personal lessons to interpret when to use these indicators
- Live trading rooms on skype

I don't know what you think, but for me this pretty much bang for the buck. The willingnes to learn given, this will minimum enable you to make some great sidebucks to build better wealth than saving on bank accounts (if you follow their very conservative money management rules).
In a shady industry this guys taking it serious and are pure gold for guys like me that want to learn in a structured way.

Regarding the bot desaster yesterday: Well, it is humans that control the bots. Humans make errors, this is normal - they need chances to learn and improve - and this is what happens here. In full transparency they are talking openly about this things and why they happend. I think this is a mature and serious manner to encounter problems and grow.

Blue Sky Binary

Hello,

Thanks for your feedback. We apologize if your experience with us did not meet your standards. Our records indicate you were with BSB in late 2014 (under a different alias and for data protection reasons, we cannot reveal that alias). Ultimately, we don't like to defend ourselves qualitatively as it doesn't mean much, so I will instead offer you a glimpse into some of our numbers.

Today, our TU (Trader University) currently has in excess of 100 binary traders enrolled in our 12-week structured education program. It is modular, with 5 exams (over 250 questions) covering the entire gamut of financial market and regulatory training required to navigate BO profitably, on a sustained basis.

We have around 9 STs (senior traders) who have delivered over 1,300, 1 on 1 education lessons since January, in over 5 different languages in our multiple education rooms (both on Skype and recently on our Binary Dashboard, which is used by close to 5,000 traders globally). Each new client is appointed an ST/mentor and forms a close professional relationship with him/her over this 12 week period to ensure the trader is progressing properly through the learning curve.

Our service runs on weekends as well and covers all major trading time zones. Some of our clients who were newbies at inception, now earn substantially per month, delivering signals on our signal service (www.signalhive.com) as recompense and reward for their newly acquired skills, along with trading on their own account. Some also become STs themselves and educate those new to the space. It depends on what they wish to do.

As for the interview, we have a rather strict internal communication policy so I respectfully decline. I am happy to have an unrecorded call with you to answer any questions you may have about our service.

Thanks,
Josh

paulik_28

I recommend joining BSB Dashborad if you want to learn how to trade binary options and a variety of trading strategies. There are quite a few senior traders who are very helpful and accessible for the most part. The Dashboard also provides trade signals and advanced indicators as well as training videos, aptitude tests and much more.
They also offer Signal Hive platform which in addition to robotic signals and powerful analytics also offers human signals from senior traders. What's even more exciting is that they recently added capabilities to automate the signals. It means you don't have to be in front of your computer to place trades and have the system do it for you based on your selection of signals/traders.
I think these guys are great and really know what they are doing

BryanMac

Not to be a dick by can some one just post screen shots of stats and how it works, if its good then great but right now for me or the average user the Hive sounds like some crap out of starship troopers. And for the most part I think people are lost on what the issue is. Pics or it never happened.

JensenX

lotzofbotz said:

That is fine I am just giving my own opinion. Were you able to refund the losses of all of those 12 in a row losing trades to customers on "Signal Push"??? if so that was some feat as I would not think a broker like CTOption would allow such. So what happened with that how did you work refunding your clients?

I have been watching the ATP Turbo Panda closely for 6 months.

Over 6 months, until September 7, the longest run of consecutive losses had been 6, which happened only once. The longest run of consecutive wins was 12.

The bad event on Monday, September 7, was actually 5L followed by 2W followed by 7L and then followed by 1W on September 9 and 3W on September 11. This was preceded by 3W, 2L, 3W the week before (August 31- September 4), and 4W, 1L, 1W, 1L, 4W the week before that (August 24 - 28)

The problem was blown out of proportion by reckless traders who hadn't bothered to set stop-losses.

Had someone set, for example, a stop-loss of between 3 - 6 losing trades, depending on their risk appetite, they would have been fine and still well in the money over the course of the past several months.

For example, say a trader had joined the ATP program 2 weeks earlier (on August 24), opened a $1000 account and set trades at 5% ($50) and set a stop-loss at 6 losing trades (-$300) (which should be reset everyday), assuming an average win payout of 72%, he would have a profit of $184.

To summarize, he joined the program on August 24, and on September 11 he had a profit of $184.

If the same trader set a stop-loss at 4 losing trades (-$200), he would have a profit of $284 on September 11.

If he set a stop-loss at 3 losing trades (-$150), he would have a profit of $334 on September 11.

Let's take the worst case scenario - a trader who started the program on that black Monday, September 7.

1. Set a 6 trade stop-loss: September 11: Loss: $156
2. Set a 4 trade stop-loss: September 11: Loss = $56
3. Set a 3 trade stop-loss: September 11: Loss = $6

Let's take a trader who started on the program just a week earlier, on August 31:

1. Set a 6 trade stop-loss: September 11: Loss = $40
2. Set a 4 trade stop-loss: September 11: Profit = $60
3. Set a 3 trade stop-loss: September 11: Profit = $110

If someone had run this program from its inception 6 months ago, from a starting balance of $1000, making 5% ($50) trades, assuming 72% win payout and setting the stop-loss daily at -$300 (6 losing trades) they would have increased their account to $2703.36 (This is including the bad event on September 7), a gain of $1,703.36 or 170.03%, or 28.33% per month (before fees).

As it happened, they pulled the plug at the end of day on September 7, so the profits on September 9 and 11 weren't realised by any traders. This was a knee-jerk reaction due to careless traders who hadn't managed their accounts well starting to panic. As demonstrated above, there was absolutely no need for panic.

This is certainly not a disaster as many had purported and IMO there was no need for BSB to compensate any traders for money lost, however they did compensate for trading losses, which demonstrates how much they value their clients.

So what's the end result of this little setback, if we can even call it that? - This program will rise from the ashes even stronger than before.

JensenX

lotzofbotz said:

some providers such as a BSB just keeps a standard trade size $30 for example on their original $500 right? Which translates as 6% which exponentially declines with the account growth so it smooths out as they grow say 1,500 to a value of 1/3rd which is unfortunate unless they get stupid and trade like they did the week before with that seemingly emotional streak...

From what I gather after studying the BSB result spreadsheet, its purpose seems to be more to inform traders of their exact W/L results over a period of time rather than to give traders advice on how to scale their trade sizes for maximum profit. Showing a flat trade size of $30 is just an example and should not be taken as advice on how to trade. It's an uncomplicated way to see how the account would grow based on results.

Most savvy traders would definitely scale their trade sizes upward as account size grows, which, with a sensible stop-loss in place, would have resulted in far higher account growth than in their example. Of course many different trading scenarios could have been undertaken, each with different end results.

Perhaps they should take out the dollar win/loss amount and just stick with a win/loss tally, so as not to give the impression they are offering trading advice?

I'm sure they are thinking of different things they should have done - like being more proactive on the setting of stop-losses, but it's a learning game for everyone - the signal provides and the traders. Rome wasn't built in a day.

UPDATE:

After the ATP Turbo Panda returned LLLLL (5L) - WW - LLLLLLL (7L) on Monday, September 7, it has gone WWWWWW (6W) including today, Monday, September 14. No signals were given on Tuesday or Thursday last week.

Including the week before the "event", the performance went like this: WWW - LL - WWW - LLLLL - WW - LLLLLLL - WWWWWW. A total of 14 W - 14 L from Monday, August 31 until today, September 14. Taking it back one more week, from August 24 (3 weeks), we get 23 W - 14 L. Bear in mind that this is by far the worst performance seen in 6 months. That's really not too bad for the worst performance in 6 months.

I will update as I get results for this week. Let's see if this current 6 W streak continues any further.

This ATP turbo panda is clearly a bot, not human traders. BSB does offer human trader subscriptions from what I gather, but I'm personally more interested in robots, as they don't eat, sleep or show emotion. They have no ego and don't panic.

Blue Sky Binary

Dear all,

As eluded to a few weeks ago regarding an upcoming administrative change to the BSB Turbo Panda; BSB has divested the rights to the distribution and streaming of the BSB Turbo Panda on the Signal Push marketplace, to A4T (Advice 4 Technology Ltd.), a technology company based in Netherlands. These rights are for the streaming of the Turbo on the Signal Push platform. The Turbo on Signal Push will soon appear as the A4T Turbo and there will be no disruption in service to existing or future clients. A customer service email and website will be available shortly.

BSB will offer its Turbo as well, however, through its own automatic trading program (ATP) on Signal Hive, as part of a consolidation and simplification of our services. You are welcome to register your interest there via contacting support@signalhive.com

Good luck,
Josh