Disliked{quote} Because when you win, you win 70-80%, i.e trade $100 and gain $70-80 but when you lose you lose 100%, so you'd be making a loss on every trade.Ignored
Too close for pips, switching to points.
Trading Made Simple 146,338 replies
Trading Made Simple the right way, and other trading lessons 333 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
Disliked{quote} Because when you win, you win 70-80%, i.e trade $100 and gain $70-80 but when you lose you lose 100%, so you'd be making a loss on every trade.Ignored
Disliked{quote} So then, that proves both the risk reward ratio is actually negative, and the actual percentage of wins it takes to be profitable is much higher than most people view...i'll stick to spot price trading, thank you.Ignored
Disliked{quote} Yes, most people miscalculate the break even point for profitability. You have to have 70 to 80 percent win ratio to be profitable. Which for experienced traders is not impossible.Ignored
Disliked{quote} Thanks PANCO, I will check it out! I am pretty much using the 1m chart to look at entry. Using 5m for support resistance etc. The Genesis indicator on the 5 min chart also gives you trend for 15m.Ignored
DislikedDid a Long For GBP/USD for this NY session with approx 15 mins expiration {image} Strategy used: Support at the highlighted area seen !Ignored
DislikedI know this is long dead but i want to ask a question and put my 2 cents here. First my 2 cents. Binary is just win/loss. So if profit payout is anything above 50% you are profitable if you are winning 2 out of 3 times. I.e. 2 win and 1 loss. Lets compare this to sport trading. Order initiated at spot price. Now price has to remain above this spot price for trade to be profitable. But a profitable trade does not mean you will get greater than 50% return on risk. it could also mean you could get 50 thousand% but there are many variables involved...Ignored
Disliked{quote} Well what you have said is more than a mouthful... Binary options is good for those who want to participate in the markets but would want to do it in a less complicated way. For instance let's say you developed a strategy that is atleast 70% accurate, which would of course be timed based. The specifications of time would be based on the candle timeframe the alert occurs on plus the average number of candles required for completion of the pattern or movement. Now Let's say The strategy is based on a reversal candle pattern and it requires...Ignored
DislikedLike currently i am testing a 4hour method, I really wanted end of day which is 8 hours or a day. However I am not ready yet. I can do from 3 minutes to whenever, I also have some on for a 1 month as expiry based on a pattern. {image}Ignored
Disliked{quote} As I said I restarted few days ago and again working well. So far. Just taking hourly candles after identifying S/R. Like maybe 1 or 2 trades a day. I don't even look at all the rest. So not spending much time on screen. The big trade you see is a "Frustration" trade. As you see i took 5 trades on the 3rd which is just wrong. I was bound to loose. While i was confident about the frustration trade i shouldve just stuck to 5$ as im using 5% risk. {image}Ignored
Disliked{quote} As I said I restarted few days ago and again working well. So far. Just taking hourly candles after identifying S/R. Like maybe 1 or 2 trades a day. I don't even look at all the rest. So not spending much time on screen. The big trade you see is a "Frustration" trade. As you see i took 5 trades on the 3rd which is just wrong. I was bound to loose. While i was confident about the frustration trade i shouldve just stuck to 5$ as im using 5% risk. {image}Ignored