A hedging solution for timed trades

So in the UK there is a broker called IG who offer timed trades.
For example OIL will be below xx by 19:30. You can buy the statement or sell it, if you're correct you get the amount you bet x the odds. Their odds are always worse on the losing side.
Here's an example

Here you will see you if I sell I am saying oil will not reach 53 by 19:30 and if I bet $1 per point I will receive $10.4 back, if it does go above 53 by 19:30 then I lose $80.60. More often than not I can successfully predict it and since the lower odds they offer the more likely it is to happen I can get some big winning streaks, however once I have 1 loss the loss it usually wipes out the 10 successful trades in a row I won.

I'm trying to a way to hedge so the loss is minimal if the price is looking like its going to go above x. I haven't found a solution yet. Could anyone share your ideas on how I could tackle this? Heck I'll even throw a bit of bitcoin or paypal to anyone who can think up a good solution.

Cheers.

Binary options...........biggest scam around!!!

No this is not binary options..

It pretty much sounds like Binary Options, because thats how BO work: You get an expiration time and an offer you can either bet for or against: Asset X will be above / below price Y at timestamp Z. Put or Call.

And if you want to hedge it, just buy / sell the opposite, if the price hits that target before.

IG and many others offering one touch /no touch options are not scam.

With any prediction of direction, it will happen. So you have to trade only when one winner can take care of at least five losers.
You have to find it by yourself by experimentation. IG has stacked the odds of making profit in their favour. Try something else unless you enjoy the pleasures of gambling.

so how is it called ?

Those are similar to Nadex Binary options (IG owns Nadex).

You're basically doing an ITM bet. You should hedge that off with another ITM bet essentially creating an Iron Butterfly. I do those all the time during quiter market times such as the Asia/Aussie session or sometimes with expires just prior to major news releases when the markets are dead waiting for the news release.

Does IG also offer Spreads? You can get better payoffs/odds with those since they're not an all or nothing play

I wrote up some examples in my journal a while going over Iron condors using spreads and Iron Butterflies using binaries. You can also do directional hedges but those are pretty risky and I don't recommend unless you're really good and disciplined.

https://www.forexfactory.com/showthr...56#post8544856