I'm bringing what I've been doing with Nadex back to the Deriv platform because their risk/reward structure is ten times better. If it works, I will have to take a look at their Terms and Conditions again because I'll be interested in forming an international group to capitalize financially from my insights. Something "cool" about the indicator below is that it worked exactly as envisioned following its initial coding, which is unusual for me. I typically have to make adjustments/modifications after seeing what occurs when I first drop a new one on a chart. Unlike the alert from the above quote, this one (designed for 15-minute binary options) is based on the four-, 16- and 30-minute baselines. (Deriv does not permit trading from the USA, Canada, Hong Kong and North Korea, at the very least.)
Wednesday | January 15, 2023 | 9:53 AM PST I suspended operations with my partner in India for reasons I won't share, but he contacted me recently requesting if we might not please give it another try, which I finally agreed to. Today resulted in an 80% daily success rate, which is the bare minimum of what I find acceptable, and about a 15% return on my initial $15 investment. If Thursday and Friday see similar outcomes, we'll double the stakes per trade next week from $1 to $2, gradually increasing this amount to a maximum of $200 per trade assuming all goes well. This was great for me however, because the meticulous analysis it motivated me to carry out now makes even more hyper clear how to go about trading my OANDA and NADEX accounts for optimum gains, all of which I trust will come together for a very bright financial future for me, God willing.
So, here is what this week's trading (thus far) has suggested to me I code for the alert indicator to use when trading Deriv binary options, which will in turn inform the trading I do through OANDA and NADEX as well...
Friday's performance led to my coding the indicator below, which is loaded on 15-minute charts and tells me when and whether to buy or sell a 15-minute binary call or put option at the close of the designated candlestick, so that I only have to monitor my charts four times per hour and without having to review every single foreign currency pair myself...
The hot debate over whether 20- or 40-minute measures ought to serve as the arbiters of intraday bias/sentiment was supposedly settled a while ago—but probably not. In fact, it was indeed 30-minute price action that later came to be regarded as the preeminent intraday umpire. Nonetheless, as of today, 30 minutes has been judged too lagging to be assigned this role, with 20 minutes too unstable to handle the responsibility. So then, what is the magic number? As of today, it would appear to be 26 minutes that is the accurate, precise, valid measure. So then, historical data maintains that price action is rejected at the 0.07% deviation level on the contrarian side of the 26-minute price flow, and if this fails to happen, then statistical odds are deemed to be in favor of the associated Forex pair executing a fully-fledged reversal in the intraday trend. On another note... for the time being at least, I intend to be using the four categories used to distinguish the different types of locomotion characteristic of snakes to differentiate between the separate tactics for trading 15- and/or 30-minute Forex binary options... If price action is exhibiting caterpillar or rectilinear movement, the window of opportunity for entering positions is going to be extremely narrow, if not altogether nonexistent. Moreover, there is no telling for how long or how short a period of time such maneuvers will be maintained or sustained before being terminated by sudden and sharp reversals that are just as radical or extreme in nature. Consequently, it is probably best to always elect to pass on these kinds of trade setups. When in concertina mode, the plan of attack is to enter positions from the appropriate horizontal support or resistance levels, as designated by the typical intermediate price range... If price is sidewinding, positions are entered as price is bouncing off or rejected by (is exiting a given pullback at) support or resistance (as appropriate) on the contrarian side of the intraday trend. For lateral undulation or serpentine price action, it makes sense to (re)enter positions as price action resumes a trajectory in agreement with the gist of the general overall directional tendency of the intraday price flow.
Friday | January 24, 2025 The above-quoted parameter of 0.07% needs to be increased, I do believe, to 0.13% - 0.19%. The formerly regarded oh-so-important two hour measures appear to be, in reality, unnecessary since the 90-minute price range envelopes at the three designated levels are proving to be the best-suited parameters for the job (hourly envelopes are too unstable). As previously stated, 30- and 40-minute measures are now out of the picture for this style of trading. In addition to the 26-minute envelopes at 0.13% - 0.19% deviation, you are calling on the 14-, 10-, 4¼- and 2-minute measures to inform your decision making. This appears to be your final set of tools seeing as how your laptop notes show you have been tweaking all these exact same measures since the beginning of the month and your most recent activity suggests the manner in which you are currently using them constitutes the most accurate, precise and valid means of interpreting intraday price action humanly possible—for you at least.
Rather than looking to the 26-minute measure to confirm apparent intraday reversals seemingly suggested by the 14-minute price flow, rely instead on whether candlesticks persist in maintaining their positions between the 0.03% to 0.06% deviation level of the 20-minute price range envelope, refusing to be rejected by this typically maximum pullback level.
Based on the trading I've been doing over the last three weeks with my partner in India buying and selling 15-minute binary options, I just coded an alert for one-hour binary options that I plan to have running in the background throughout the entire day. This signal does not tell me when to enter positions, but rather, merely sounds the alarm as to when a given asset might be on its way to forming a crest or trough. It's up to me to then monitor my charts and decide when to execute a trade—if at all—by establishing, with confirmation, at exactly what point price is coming out of the corresponding pullback.