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  • #101
  • Apr 11, 2011 8:26pm Apr 11, 2011 8:26pm
Quoting JohnnyGURU
7. Spreads are usually lower on OB.
8. OB has the lowest minimum, $10.
What spreads are you referring to?

Are you referring to the minimum deposit?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #102
  • Apr 11, 2011 9:09pm Apr 11, 2011 9:09pm
Binaries have spread costs just like spot forex.

$10 is the minimum deposit at OptionBit.
  • #103
  • Apr 11, 2011 9:11pm Apr 11, 2011 9:11pm
Quoting kapital
What spreads are you referring to?

Are you referring to the minimum deposit?
Occasionally if trades are stacked in one direction for an instrument you may see a spread. I.E. if the real market price is say 1.4000 but everyone is long on it the price they offer it for may be 1.4005 or so, 5 pips or so seems to be the maximum. You don't see it very often but it does happen sometimes.

No I am referring to the minimum contract size, it's $100 dollars to open an account at OB, I think it was the same at AO, but AO's contract minimum is $25, OB's is $10.
  • #104
  • Apr 11, 2011 9:25pm Apr 11, 2011 9:25pm
Thanks for the reply guys.

Do you have to email OptionBit to request a demo?

Regarding the rolling over a trade, how far in the future can you extend it? What is the cost associated to doing such?

Also, do you ever trade the Range binaries?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #105
  • Apr 11, 2011 11:43pm Apr 11, 2011 11:43pm
Quoting kapital
Thanks for the reply guys.

Do you have to email OptionBit to request a demo?

Regarding the rolling over a trade, how far in the future can you extend it? What is the cost associated to doing such?

Also, do you ever trade the Range binaries?
I don't think you have to contact them for the demo but it is only good for 24 hours so be ready

I used the extend in the past but I don't ever use it anymore, I never had any luck with it leading to a profitable trade but that's just me. If I remember right it just extends into the next time frame so one that was set to expire at 10:00 would be extended to 11:00 but that's it, pretty sure you only get one extend per contract but maybe you can test it on demo. And the cost is variable based on the size of the contract, it probably is some fixed percentage but I never calculated it.

And I don't trade the ranges or touches, I looked at them a few times and they always looked highly unlikely so I never tried them.
  • #106
  • Apr 12, 2011 3:27am Apr 12, 2011 3:27am
Does anyone have an opinion of OptionXP?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #107
  • Apr 12, 2011 9:04am Apr 12, 2011 9:04am
If you sign up for an account at OptionBit, you are asked for minimal information before getting to the funding part. I just cancelled/backed out there, and I had a demo available for 3 days (not 1 anymore) when I returned to the main page.
I could have sworn the minimum deposit was $10 also. Maybe that was contract size.
  • #108
  • Apr 12, 2011 9:05am Apr 12, 2011 9:05am
[quote=JohnnyGURU;4536947]I would need a whole new thread to describe my entire strategy and it is loosely based, lots of factors go into deciding whether to make a trade, all I can really say is time is your biggest ally, I've been trading every day for almost 2 1/2 years now and am just recently making my way, it takes a lot of watching under all kinds of market conditions for me to finally have a better than average opinion of what the market will do next. One thing I have learned for myself that is probably contrary to what many people say is I do not under any circumstances trade during the US open. From 8:00 A.M. Eastern till 12:00 P.M. I'm out. Lots of people will say this is the best time, the best liquidity, but for me no dice. I went months in the past without a single losing day only to lose most of it back over one US open session. Just my opinion, some may be able to trade during this time but it is just a crap shoot for me and usually a losing one.

Johnny

I have no problem with avoiding the US open, as most forex traders prefer the London session anyway. I have a few ideas:

1. If you're willing to share more of your successful "loose" trading rules, perhaps these could be better defined for other than forex futures.

2. I'll bet one or more of our resident programmers would be willing to code alerts, so more pairs or commodities could could be watched. I'm not alluding to an EA.

3. You could sell signals

In any event, more folks trading these derivatives will most likely lead to increasing trading opportunities, better spreads & hopefully more firms competing with Nadex, OB & AO.

A new thread would be most welcome, but who am I to push you ?

Your "loose" strategy reminds of Cherrycoke's binary strategy over at hotstockmarket dot com, which in part relies on her vibe.

Good trading to you, my friend
  • #109
  • Apr 12, 2011 7:25pm Apr 12, 2011 7:25pm
Quoting 82nd
Johnny

I have no problem with avoiding the US open, as most forex traders prefer the London session anyway. I have a few ideas:

1. If you're willing to share more of your successful "loose" trading rules, perhaps these could be better defined for other than forex futures.

2. I'll bet one or more of our resident programmers would be willing to code alerts, so more pairs or commodities could could be watched. I'm not alluding to an EA.

3. You could sell signals

In any event, more folks trading these derivatives will most likely lead to increasing trading opportunities, better spreads & hopefully more firms competing with Nadex, OB & AO.

A new thread would be most welcome, but who am I to push you ?

Your "loose" strategy reminds of Cherrycoke's binary strategy over at hotstockmarket dot com, which in part relies on her vibe.

Good trading to you, my friend
Yes I am familiar some with Cherrycoke's success, I have not really heard about her system too much but I will say that a lot of it is just my vibe.

I have thought about offering just some free signals before and I actually already have an EA that e-mails alerts to my phone on 8 pairs that I wrote for my primary system. I don't really want to sell signals, I would like to just give them away but it leads to a problem in that if I recommend a trade on a broker and everyone takes the same trade the spread will move, I know it will for sure, there is a guy in Florida, Steve, that gives out some free Nasdaq daily signals but if you are not on top of it and others get in on the same trade at the same brokers then the spread will widen so far as to not make it worth it anymore. He uses multiple brokers to try to alleviate this but I have some limitations on which brokers I can use because I trade almost entirely from my phone so the brokers interface has to be mobile friendly. I will work on it, I would like to help others out to be profitable for sure, nobody helped me out for free so I would like to, I just have to work it out, I've thought about it for a while but never really focused on it, focusing on getting myself out of the rat race first My EA only presents a probability, after that I have lots of mental variables to decide on what to actually do, if I could come up with some kind of signals I might try it, I'll try to work on it.
  • #110
  • Apr 13, 2011 4:22am Apr 13, 2011 4:22am
I just opened a demo account with OptionBit. I'm going to direct all of my comments and questions to this thread http://www.forexfactory.com/showthread.php?t=173735 since the one we are commenting on is strictly dealing with Bull Spreads.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #111
  • Jun 4, 2011 10:44pm Jun 4, 2011 10:44pm
Anybody able to get into the Nadex trading platform recently? Every time I log in, it loads only text, nothing else.
  • #112
  • Jun 5, 2011 11:00am Jun 5, 2011 11:00am
Quoting agent6488
Anybody able to get into the Nadex trading platform recently? Every time I log in, it loads only text, nothing else.
I logged in just a few minutes ago and it was working, had not logged in though for a week or so though before that.
  • #113
  • Jun 5, 2011 2:13pm Jun 5, 2011 2:13pm
Quoting agent6488
Anybody able to get into the Nadex trading platform recently? Every time I log in, it loads only text, nothing else.
You MUST start up the https://www.nadex.com website and not the http(without the s) nadex.com address.


By the way, I am trading 2 hour Nadex Bull Spreads EXCLUSIVELY now. They are highly profitable as they often payout 200% on your investment without a stop loss.
Binary Options Trader
  • #114
  • Jun 5, 2011 2:42pm Jun 5, 2011 2:42pm
Wow, OK, that seemed to work. Thanks... Wacky that http://nadex.com/ is borked.

I got an email about a Nadex online seminar about Bull Spreads. I'll likely be attending.
  • #115
  • Oct 24, 2011 3:23pm Oct 24, 2011 3:23pm
Anyone (other than Yoda Gleen) having successs trading with Nadex?
  • #116
  • Edited 3:50pm Nov 17, 2011 9:13am | Edited 3:50pm
Here is an example of having the opportunity to load up on contracts using high leverage with limited risk. The top and bottom options allow for the purchase of one contract for under $10 (buying the top one or selling the bottom one). That means if you wish to trade at $10/pip, you can do so by risking less that $100. You won't find that kind of leverage in spot forex these days.

With that said, price will still have to move before the option expires in order to benefit from the leverage.
Attached Image (click to enlarge)
Click to Enlarge Name: TRADE.JPG Size: 24 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #117
  • Edited 6:45pm Nov 17, 2011 9:55am | Edited 6:45pm
Here are some usd/cad trades I took. I only had to risk $100 in margin for those 20 contracts (that's $20/pip by the way).
Attached Image (click to enlarge)
Click to Enlarge Name: TRADES 2.JPG Size: 46 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #118
  • Nov 17, 2011 3:25pm Nov 17, 2011 3:25pm
Quoting kapital
Here are some usd/cad trades I took. It only cost me $100 for those 20 contracts (that's $20/pip by the way).
Thx for sharing. Is this Nadex ?
  • #119
  • Nov 17, 2011 3:49pm Nov 17, 2011 3:49pm
Yes, it is Nadex.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #120
  • Nov 17, 2011 4:49pm Nov 17, 2011 4:49pm
Cool, just applied for a demo acc. with Nadex and will check it out tomorrow.

The Cyprus based options bucket shops are no good.
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