Oanda box options system??! | Forex Factory

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Oanda box options system??!

  • #1
  • First Post: Nov 13, 2006 8:41pm Nov 13, 2006 8:41pm
For those who trade with Oanda,

Any of you guys tried the options box!?!?. It's almost like a roullete game. You place a box in the future. Then you set a 'hit' or 'miss' option. So if you set a 'hit' and price touches the box, you get paid, and vice versa. The size of the box determines your reward; if you have a small (low probability) the bigger your reward and vice versa.

I was thinking if anyone could design a system which predicts profits with relatively high accuracy. When the signal gives a trigger, place a small box at the target price area. Then you will get paid with handsome Risk/reward ratio

just a thought
  • #2
  • Nov 13, 2006 8:54pm Nov 13, 2006 8:54pm
lol! thats what "options" are. You bet that a commodity will be within a certain price zone within a certain timeframe, the less likely the event, less you pay, more you win if you're right...yeah...I promise there's a whole another world option trading with a zillion systems too just like you have in forex but it's harder imo. For example, if I do a sell (I think it's called a "put") with options, I don't even have the possibility of making money till the price gets in my price box, in fact you start out on the losing end because you had to pay to have the option. But in forex, once the price moves just one pip in your favor you're already winning.

I saw that on oanda too but it seems kind of out of place. options and forex are not the same.
  • #3
  • Nov 13, 2006 8:57pm Nov 13, 2006 8:57pm
Quoting aicccia
lol! thats what "options" are. You bet that a commodity will be within a certain price zone within a certain timeframe, the less likely the event, less you pay, more you win if you're right...yeah...I promise there's a whole another world option trading with a zillion systems too just like you have in forex but it's harder imo. For example, if I do a sell (I think it's called a "put") with options, I don't even have the possibility of making money till the price gets in my price box, in fact you start out on the losing end because you had to pay to have the option. But in forex, once the price moves just one pip in your favor you're already winning.

I saw that on oanda too but it seems kind of out of place. options and forex are not the same.
really!?..see i learn something new everyday
  • #4
  • Nov 13, 2006 8:58pm Nov 13, 2006 8:58pm
Quoting hilmy83
I was thinking if anyone could design a system which predicts profits with relatively high accuracy. When the signal gives a trigger, place a small box at the target price area. Then you will get paid with handsome Risk/reward ratio

just a thought

thats what any option trader does, nothing new there. We people in forex have a hard enough time simply predicting which direction the market is going to go, let alone predicting what price box it's going to be in x amount of days, thats soo much harder.
  • #5
  • Nov 13, 2006 8:59pm Nov 13, 2006 8:59pm
Quoting hilmy83
really!?..see i learn something new everyday
have you never heard of options?
  • #6
  • Last Post: Nov 13, 2006 9:05pm Nov 13, 2006 9:05pm
Quoting aicccia
have you never heard of options?
i heard it, but i never knew what it was
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