Beta Testing the New Nadex Trading Platform

Discussion in 'Journals' started by expiated, Oct 8, 2020.

  1. expiated

    expiated

    Duh Bro!

    What this means is you're saying at how much profit you want to exit the position. Do you want to lock in your gains at $84.25, or do you want to wait to pocket your return once it reaches $99.75?

    Yeah, you figured it out in the next post (#283).
     
    #291     Mar 18, 2024
  2. expiated

    expiated

    CONCLUSION...

    So, after roughly 3½ years of experimenting with this platform, I'm of the opinion that, for me at least, the most profitable means of making use of it is to purchase NADEX commodity knock-outs—especially gold.

    For one thing, there is no problem entering positions with a very reasonable 2:1 or 3:1 reward to risk ratio, and its frequently possible to earn well over a hundred dollars in profit within a matter of one to three hours from the purchase of just one contract.
     
    #292     May 8, 2024
  3. expiated

    expiated

    Hmmm... I don't seem to be able to log into my NADEX demo account!

    Screenshot_2.png
     
    #293     May 13, 2024
  4. expiated

    expiated

    My NADEX demo platform is not offering any two-hour binary option contracts with which to practice trading during the Sydney/Tokyo sessions!

    Screenshot_3.png
     
    #294     May 13, 2024
  5. expiated

    expiated

    Very nice timing here...

    nadex_announcement.png

    I no longer trade Nadex in that, at this point, I have full faith and confidence in my Numerical Price Prediction forecast models and their corresponding settings and parameters, so I’m no longer bothering with binary options for the purpose of optimizing the robustness of my formulas.

    Rather, at this point I'm hopefully nearing the end of the process of finding the "sweet spot" where I can average one whole Lot per trade in my OANDA account—so that I'm reaping anywhere from $33 to $500 from each position I enter without incurring massive losses due to operating within a timeframe which is so slow that by the time I realize a trend has reversed direction, major damage, which it is too late to repair, has already been done; yet is not so fast that I'm constantly being stopped out of positions every time price action decides to act "stupid," resulting in my dying a death of a thousand cuts due to the market's temporary or momentary—but relatively frequent—deviations from logical/rational price flow, so that I can perhaps finally begin generating multiple hundreds, if not thousands of dollars in profit each and every day. The indicator pictured below was coded based on this supposed sweet spot…

    foolproof_alert_indicator.png

    But if it doesn’t work, I can transition the same tactics to Nadex, where I can increase the statistical probability of realizing positive outcomes through extra "cushion" via trading in-the-money $10 binary option contracts, which will cover my daily living expenses if successful, yet will also allow me to abandon positions early, should they turn sour, without going bust; seeing as how the minimum stake on each trade will be a mere tenth of what it was previously, a risk size I can easily afford.