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Binary Options 120sec Strategy

  • #21
  • Oct 24, 2014 10:39am Oct 24, 2014 10:39am
Quoting smogser
Hi Jossstick, Just wanted to practice my English by commenting your thread))) 'cause binary options is a damm stupid stuff. There's NO WAY you can succeed in this affair. I can share my experience and common sense with you. Last year i lost some 5.5 K on these options, and it is not because i was a noob like you are, but just because this game leaves you no chance of winning. Every time you loose you loose 100 out of 100, and every time you win, you win 60-85 out of 100 (whatever they - organizors - offer you). This return is worse than in a casino,...
Yeah . You would need higher that 60-85% winrate to make money.
  • #22
  • Oct 24, 2014 10:43am Oct 24, 2014 10:43am
Actually im watching a video:
Inserted Video


And it says you pay 50$ for a trade. if you lose you lose the $50, if you win, you win a 50$. So that is 1:1 RR ?
  • #23
  • Edited 1:26pm Oct 24, 2014 12:01pm | Edited 1:26pm
let me first see what the video is all about. But as you can imagine there is no miracle, as there is no 1:1 RR. Binary options is just another business for those who run it. You either have to have spreads and comissions, like with stock exchanges and/or brokers/dealers, or lower return as in this case.
  • #24
  • Oct 24, 2014 12:37pm Oct 24, 2014 12:37pm
Quoting pbylina
Actually im watching a video: https://www.youtube.com/watch?v=dJJxEhTEqCk And it says you pay 50$ for a trade. if you lose you lose the $50, if you win, you win a 50$. So that is 1:1 RR ?
this video is just explaining the idea of binary options - it does not get into peculiarities. But as I said, in trading it should be exactly contrary to binary options principle - your average winning trade must be greater than your average loosing trade
  • #25
  • Oct 24, 2014 12:45pm Oct 24, 2014 12:45pm
I opened a demo. I think I can beat the game.
  • #26
  • Edited 1:25pm Oct 24, 2014 1:03pm | Edited 1:25pm
Quoting pbylina
I opened a demo. I think I can beat the game.
everyone hopes so, but only 1% succeed according to statistics.
as you said, this is just a game, a bet, and you have to be honest with yourself in answering the most important question: what is your competitive advantage, why you think you are to beat others?
  • #27
  • Oct 24, 2014 8:33pm Oct 24, 2014 8:33pm
How can I do it if I think the market will not move?
  • #28
  • Oct 25, 2014 12:44am Oct 25, 2014 12:44am
When you have a profit of 70% per trade, you will need roughly 58% of the trades right to get even.

If you didīt make it, there was probably a strategy missing, or you gave up too early.
I, personally, donīt think i will make money quick with this, cause before that happens i will need a lot of experience.
It is like any other job, for which you have to study. You sit in a library 8 hours a day for 3-5 years-AFTER that you can hope makingg money, if you mean it.

This is my approach in trading. I am currently training and improving my strategies, Binary Options go along with FxTrading.

@smogser: My competitive advantage will be my experience.

@pbylina: If you think the market will not move, do not trade. You are only making money when the markets are moving...
  • #29
  • Oct 25, 2014 4:35am Oct 25, 2014 4:35am
Quoting Jossstick
When you have a profit of 70% per trade, you will need roughly 58% of the trades right to get even. If you didīt make it, there was probably a strategy missing, or you gave up too early. I, personally, donīt think i will make money quick with this, cause before that happens i will need a lot of experience. It is like any other job, for which you have to study. You sit in a library 8 hours a day for 3-5 years-AFTER that you can hope makingg money, if you mean it. This is my approach in trading. I am currently training and improving my strategies,...
Experience is very important, no doubt. And it can play a very important role in trading.
What i'm talking about, though, is that binary options are designed in such a way, that make you loose in a long run. There are two crucial things you can't hold control over risk and reward. The fact that you know your loss in advance is a seeming risk contol. You have to be right most of the time, as you said.

I trade mostly indices. And my statistic says that over a period of 7 years I've got 85 % of winning trades and 91% of winners in the last month. But despite this abiliy to predict price moves i lost on binary options, and that's because there's no way to tell if the price won't retest or even makes a false break of a S/R level, which is the key issue in binary options trade. There's absolutely no way to know an exact time frame in which the price can leave the S/R and never come back. And this uncertainty, regardless of the strategy, makes this business hopeless. TIME FACTOR!!!
  • #30
  • Oct 25, 2014 5:48am Oct 25, 2014 5:48am
Nice Thread, but let keep it simple and talk about the Strategy. I hope to share my Experience her as well, in Binary option three things are important


1, Money Management
2 Strategy
3, Entry Time
4, Patience


Hopefully we can both share our Experiences
  • #31
  • Oct 25, 2014 7:37am Oct 25, 2014 7:37am
Hi Binary traders
I have an idea to have my 15 min EA with 4:1 result for next candle . I want to connect it directly to my Binary broker platform and am looking for the necessary software for the connection so that the signals are executed in BO.
Has anyone an idea where to look?
Thanks
  • #32
  • Oct 26, 2014 12:29am Oct 26, 2014 12:29am
Quoting Jossstick
@pbylina: If you think the market will not move, do not trade. You are only making money when the markets are moving...
Actually after doing some research I think they are called boundary options...
  • #33
  • Oct 26, 2014 2:50am Oct 26, 2014 2:50am
Quoting wolfsch
...I want to connect it directly to my Binary broker platform and am looking for the necessary software for the connection so that the signals are executed in BO. Has anyone an idea where to look? Thanks
Try this: https://signalpush.zendesk.com/hc/en-us or trade better directly on CoreLiquidity: www.clmforex.com
  • #34
  • Oct 26, 2014 8:09am Oct 26, 2014 8:09am
Quoting smogser
Hi Jossstick, Just wanted to practice my English by commenting your thread))) 'cause binary options is a damm stupid stuff. There's NO WAY you can succeed in this affair. I can share my experience and common sense with you. Last year i lost some 5.5 K on these options, and it is not because i was a noob like you are, but just because this game leaves you no chance of winning. Every time you loose you loose 100 out of 100, and every time you win, you win 60-85 out of 100 (whatever they - organizors - offer you). This return is worse than in a casino,...
I agree with you...
For binary trading best is to find extreme odd bet, that's pays above 100% (mostly for touch/no touch), which is helpful. Less than that is really difficult statistically.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #35
  • Oct 26, 2014 8:17am Oct 26, 2014 8:17am
Quoting francisakz
Nice Thread, but let keep it simple and talk about the Strategy. I hope to share my Experience her as well, in Binary option three things are important 1, Money Management 2 Strategy 3, Entry Time 4, Patience Hopefully we can both share our Experiences
Yeah, i think this will be a good idea.
If anybody wants to crusade me of the badness of binary options, he/she can do so via Pm

so please:
Letīs discuss the strategy here.
Open another thread like "Pro & Contra of Binary Options" to discuss other ideas than this strategy
  • #36
  • Oct 27, 2014 3:08am Oct 27, 2014 3:08am
Okay, here we have the first win:
Attached Image (click to enlarge)
Click to Enlarge Name: goodtrade.png Size: 107 KB

After the trade, the Rsi7 is not below 30, but while the candle was open it was.
The BB3īs were broken so i entered - and won!
  • #37
  • Oct 27, 2014 5:08am Oct 27, 2014 5:08am
I am done for today, because i hit my Profit target

Happy trading, folks

Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: goodtrade.png Size: 137 KB
  • #38
  • Oct 27, 2014 5:49am Oct 27, 2014 5:49am
Quoting Jossstick
Okay, here we have the first win: {image} After the trade, the Rsi7 is not below 30, but while the candle was open it was. The BB3īs were broken so i entered - and won!
are you posting only the winners? the trade 1 hour before looks like a looser ?
  • #39
  • Oct 27, 2014 8:50am Oct 27, 2014 8:50am
no, i am posting all of my results.

Where would be the sense of this thread?
If i make a looser, i want to discuss it. But so far i am happy with the results...
The trade size is still small, but i want to make sure i am comfortable with the strategy. No demo Account.

Look at this screenshot:
Attached Image (click to enlarge)
Click to Enlarge Name: portfolio.png Size: 161 KB


So you see: I am honest with you all...

PS: You see, the rates of my broker differ from these on my charts. never mind. Itīs red when i lost, green when i won.
  • #40
  • Oct 28, 2014 2:17am Oct 28, 2014 2:17am
Are you guys still interested in me posting charts of my trades?

Are you trading this strategy?
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