New Jersey Traders

I'm working off indicators, so I guess you can call it algorithmically

 

And yourself?

 

I work entirely algorithmically. All the trading is automated. What kind of strategies do you employ?

 

Breakouts and pullbacks using DMI oscillator. Pullbacks with nadex options.

 

I see - hows trading nadex. I know the spreads there are brutal

 

They are brutal, at least 10 points. It's not a day trading vehicle in itself. But you can hold the 2 hour, 20 minute, or 5 minute till expiration, and it's day trading.

 

Do you pay up spread or post?

 

I'll pay it. I aim for just one trade per day per market

 

That's interesting. It would probably be better to post there, and try to hedge on a liquid market. The pricing is so off one should get a sizable % return if they could be hedged.

 

The main advantage of using these binaries is not having to use stops. The market can go against you and rebound, and you're still holding the option.