RekonX: Trading Binary Volatilities 24 By 7

So, just took trades from this session according to the pivot points of 30 mins.



How I traded this, to watch please go to YouTube channel:

Here is my latest trade,



Here is the progress chart as well - targetting USD 295 from USD 81 investment, so that I can requip USD 205 which was my last week household expenses.

Essentially, you will be seeing a corelation between your Risk % on per trade is getting higher as your equity increases.

In a straight line calculation, if you are attending 4 sessions in a day. Earning USD 5 from eash session. You get USD 20 at the eod. To get USD 200 you need 10 days.

Which means, if you are spending USD 205 per week for household expenses, to recover it back you are lagging atleast 3 business days!

But, in this system you will see how exciting and dynamic the recovery will be.

Today is the day 5th. Through script I was placing 5 trades on limit and 5 trades on stops. I am going to increase them from 5 to 10. Risk is 2% each trade but the volume may change as I am increasing the no of trades. It depends on the equity left for trading.

So, I am updating the parameter.

Interesting fact is, now with 2% risk, trade volume for each trade has increased to 0.15 and within a minute I was able to close all 20 trades in sell stop and sell limit.

However, while looking at excel I realize as the euity is increasing the risk % is also increasing - so the script has executed all trades at 4% risk on equity and next trades will follow the same increment %.

Now, compare the previous excel vs this one, the target of achiving USD 295 seems closer?

Verify the excel result with the terminal balance!

Updating the script today.

Making the trade execution level 50% less from the otherday.
Making the take profit 50% less the otherday.

However, notice automatically the risk% has now increased to 0.16 unit per trade which is more than 4% risk on equity.

And, I am continuing with 10 positions on each order.

Positions got closed with 7.29 dollars within a minute! Signing off from this session.

Updated Balance!

Quick trades here, as I have modified the trade distance and take profit points so this time I executed all scripts which are buy stop, buy limit, sales stop, sells limit. It seems before the buy stop orders got hit all other positions got executed and I just manually closed 2 open positions within a minute time!

So, the equity/balance looks good now. We made additional $119 in last 6 days and only $95 is left to earn back. System is suggesting at the present growth rate we may need 5 more days.

But the day is still young, we will try two more sessions today and lets see how close we can get. As per my understanding we should be able to close this target by Sunday eod.

Afterthat, we will checkout for payment!

BTW, you may have noticed the trade volume per trade has increased to 0.17 as our equity is growing the trade risk-reward is also increasing.

So, I logged in again and saw this weak candle. Then I just fired up my scripts to hatch this!

Check how the orders got executed and assasined the candle!

Check how the balance sheet looks after this super quick assasin!

So, I executed another trade and done for today!

If you are wondering about my entry points, just fire up the pivot point script to get those entry points.

When you have started the trading with low balance like less than 100 USD and still able to make it double and trying for make it 3-4 times bigger, you need to keep your eyes carefully on the Risk % for trades.

For now, the risk % seems quite higher for each trade it is taking 0.20 volume so it is time to re-adjust the risk % in your script. Risk/MM From 0.02 make it 0.01.

Now, as the time progresses we need to kind of set ourselves to use advanced tool so that we can be a step ahead of the House!

Step 1: for this would be downloading historical data. Too much data is not required as we are going to do short term trading but keep at least 6 months data in your archieve.

Step 2: This would be starting analysis on your data. Here is a time series analysis - filter out the hourly data eg. 14:00 (check the terminal market watch window) and see if you able to make any co-relation for the trade you about to execute!