Hi Any Nadex traders One thing I just realized is although you can put a Take profit order , you can't put a Stop loss or trailing stop loss order on Nadex Binaries! Meaning you have to be in front of the screen all time! Whys is it so?
You actually can set both of those if you use the right tools.. Here is a video about the ApexInvesting Binary scanner and how it works.
ok so you have to pay this third party! I was hopping Nadex being a exchange would provide this simple facility! I wonder why they dont and what is the core reason for not to!
No you do not have to pay to use the scanner. You just have to sign up for a free account and download the extension and watch some tutorials on how to use it. All provided by Apex. http://apexinvesting.net/member/signup then click the "access free tools" link and follow the directions to get started. Nadex already gives you the time-frame advantage, if you'd prefer not to use this tool. I'd suggest you learn to mold your trading style around these time-frames. Hint: Intraday contracts last 2 hours, so expect to close trades before that time or let them expire If ITM.
I don't know about Nadex thing but there are some products which if you trade from some brokers, You really really really have to glue yourself to the computer screen because you can't enter stop loss! ________