Hit 10 pips profit 75% of the time within 2 hours... often leading to hundreds of pips...
We have an indicator in development for the use of bull spreads in Nadex, for forex trades, and also for binary options Nadex trades. Below are the testing and results. First, I will post pictures of the indicator in action in the live market. The arrows did not repaint in any form. What you see is how they came in the live market.
A member of our group supplied all the information here. I am just recompiling it for you in an easy to read format. This is not my work but rather the awesome and inspiring work of our member, Nick. One of the great things about Joaquin Trading is the fact that we all work together for the good of the group as a whole! We all share ideas with each other and it is fantastic.
So below are a few charts of the indicator in action. The red arrows signify buying opportunities and the red arrows signify selling opportunities. We will try to capture 20 pips of profit on half of the position and then move our stop loss to break even to let the other half ride for larger moves.
To see a larger picture of a chart, just click it. To see the actual excel profit/loss statistics, scroll to the bottom and to see it in google sheets, just click on the link at the bottom.
If this is something you are interested in using for your own trading, just CLICK HERE!
All of these signals were using a setting on the indicator that looks at the trends in the market from 5 minute, 15 minute, 30 minute,and 1 hour time frames.
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What I will post below are the actual emails from Nick and I will also include a spreadsheet he made available with statistics detailed from each day of testing. Here come the emails...
========================================================================
Hi Ryan,
I wanted to let you know how I am testing your Bull Spread Indicator, and I want to get your opinion to determine if my strategy is any good or not.
I know you haven’t really come up with any rules for this indicator, so I came up with some rules of my own for testing.
I am testing making money 3 different ways:
1) to get 10 pips profit
2) to get 20 pips profit
3) to make an ATM Binary Options trade
The rules I am using are:
1) Take 2 bull spread contracts when the trend arrow appears
2) Take a BO ATM contract at the same time (1 hour options >> if the signal comes out between 9:00 and 9:45, take 10:00 Expire/after 9:45 take 11:00 exp)
3) Close out one of the bull spread contracts when it makes 10 pips
4) Close out the second bull spread contract when it reaches 20 pips
5) Close out either bull spread contract when it either reaches -20 pips or hits the 2 hour mark
One thing I am also doing different than you, is that I might take an additional set of trades if I get a new set of arrows in the same direction (if I have already closed out a previous set of trades). For example, I get a trend arrow at 10:00 AM and it makes me 10 pips at 10:10 and 20 pips at 10:25. At 10:40, I get a new trend arrow in the same direction, so I start the process all over again. (This is outside of what you would do, so it’s probably more risky.)
SO I back tested this strategy for the week of April 20-24. It did excellent on the historical test.
These are the results of that test:
10 pip trades - 117 wins/7 losses 94% (1120.00 profit)
20 pip trades - 91 wins/33 losses 73% (1712.00 profit)
BO trades - 104 wins/20 losses 84% (4200.00 profit)
Total winning $ (not taking into account spreads and commissions) = 7032.00
This week I started my charts running on Sunday have not refreshed or reloaded my charts at all. Here are my results after 4 days this week:
10 pip trades - 113 wins/34 losses 77% (694.00 profit)
20 pip trades - 89 wins/59 losses 60% (1164.00 profit)
BO trades - 85 wins/64 losses 57% (1050.00 profit)
Total winning $ (not taking into account spreads and commissions) = 2908.00
Obviously, taking spreads and commissions into account, the total winning $ would probably drop by 10-20%.
The first week of testing was almost “too good to be true”. I feel that the results from this week are more realistic.
Also, please be aware that the “losses” are not all unprofitable. If a bull spread hit the 2 hour mark and did not make 10 pips (but made 7), I would classify that trade as a loss, even though it actually made a little money.
As you always ask, is this a winning system? From what I have looked at so far, the answer is YES.
One thing I have noticed, is that the indicator spits out almost all of the trades between 12AM and 12PM. The arrows that pop up between 12PM and 12AM usually dont work as well (though I did not exclude them from my test). The arrows also work the best when there is movement in the market. The market didn’t move much on Monday May 4, so the profits were very small that day.
In my testing (9 days) there wasn’t a losing day. And this week, each of the 3 types of trades did not have a losing day. So if you only took 10 pip win trades, you would have been profitable every day (and the same was true for the other 2 types of trades).
So this is why I am excited about this new indicator. I have been interested in bull spreads for a long time, because I just hate risking 80.00 to win 20.00 on Binary Options. If the market spikes on you just once in 5 trades, you end up trading all day for nothing. I have done OK with the trend arrows and V5, but I want to trade with less risk involved.
Thanks,
Nick ******
=========================================================================
Hi Ryan,
We have an indicator in development for the use of bull spreads in Nadex, for forex trades, and also for binary options Nadex trades. Below are the testing and results. First, I will post pictures of the indicator in action in the live market. The arrows did not repaint in any form. What you see is how they came in the live market.
A member of our group supplied all the information here. I am just recompiling it for you in an easy to read format. This is not my work but rather the awesome and inspiring work of our member, Nick. One of the great things about Joaquin Trading is the fact that we all work together for the good of the group as a whole! We all share ideas with each other and it is fantastic.
So below are a few charts of the indicator in action. The red arrows signify buying opportunities and the red arrows signify selling opportunities. We will try to capture 20 pips of profit on half of the position and then move our stop loss to break even to let the other half ride for larger moves.
To see a larger picture of a chart, just click it. To see the actual excel profit/loss statistics, scroll to the bottom and to see it in google sheets, just click on the link at the bottom.
If this is something you are interested in using for your own trading, just CLICK HERE!
All of these signals were using a setting on the indicator that looks at the trends in the market from 5 minute, 15 minute, 30 minute,and 1 hour time frames.
========================================================================
What I will post below are the actual emails from Nick and I will also include a spreadsheet he made available with statistics detailed from each day of testing. Here come the emails...
========================================================================
Hi Ryan,
I wanted to let you know how I am testing your Bull Spread Indicator, and I want to get your opinion to determine if my strategy is any good or not.
I know you haven’t really come up with any rules for this indicator, so I came up with some rules of my own for testing.
I am testing making money 3 different ways:
1) to get 10 pips profit
2) to get 20 pips profit
3) to make an ATM Binary Options trade
The rules I am using are:
1) Take 2 bull spread contracts when the trend arrow appears
2) Take a BO ATM contract at the same time (1 hour options >> if the signal comes out between 9:00 and 9:45, take 10:00 Expire/after 9:45 take 11:00 exp)
3) Close out one of the bull spread contracts when it makes 10 pips
4) Close out the second bull spread contract when it reaches 20 pips
5) Close out either bull spread contract when it either reaches -20 pips or hits the 2 hour mark
One thing I am also doing different than you, is that I might take an additional set of trades if I get a new set of arrows in the same direction (if I have already closed out a previous set of trades). For example, I get a trend arrow at 10:00 AM and it makes me 10 pips at 10:10 and 20 pips at 10:25. At 10:40, I get a new trend arrow in the same direction, so I start the process all over again. (This is outside of what you would do, so it’s probably more risky.)
SO I back tested this strategy for the week of April 20-24. It did excellent on the historical test.
These are the results of that test:
10 pip trades - 117 wins/7 losses 94% (1120.00 profit)
20 pip trades - 91 wins/33 losses 73% (1712.00 profit)
BO trades - 104 wins/20 losses 84% (4200.00 profit)
Total winning $ (not taking into account spreads and commissions) = 7032.00
This week I started my charts running on Sunday have not refreshed or reloaded my charts at all. Here are my results after 4 days this week:
10 pip trades - 113 wins/34 losses 77% (694.00 profit)
20 pip trades - 89 wins/59 losses 60% (1164.00 profit)
BO trades - 85 wins/64 losses 57% (1050.00 profit)
Total winning $ (not taking into account spreads and commissions) = 2908.00
Obviously, taking spreads and commissions into account, the total winning $ would probably drop by 10-20%.
The first week of testing was almost “too good to be true”. I feel that the results from this week are more realistic.
Also, please be aware that the “losses” are not all unprofitable. If a bull spread hit the 2 hour mark and did not make 10 pips (but made 7), I would classify that trade as a loss, even though it actually made a little money.
As you always ask, is this a winning system? From what I have looked at so far, the answer is YES.
One thing I have noticed, is that the indicator spits out almost all of the trades between 12AM and 12PM. The arrows that pop up between 12PM and 12AM usually dont work as well (though I did not exclude them from my test). The arrows also work the best when there is movement in the market. The market didn’t move much on Monday May 4, so the profits were very small that day.
In my testing (9 days) there wasn’t a losing day. And this week, each of the 3 types of trades did not have a losing day. So if you only took 10 pip win trades, you would have been profitable every day (and the same was true for the other 2 types of trades).
So this is why I am excited about this new indicator. I have been interested in bull spreads for a long time, because I just hate risking 80.00 to win 20.00 on Binary Options. If the market spikes on you just once in 5 trades, you end up trading all day for nothing. I have done OK with the trend arrows and V5, but I want to trade with less risk involved.
Thanks,
Nick ******
=========================================================================
Hi Ryan,
I did my study on all 8 currency pairs that have Nadex Bull Spreads, using the 1M charts. I did not actually make any trades (demo or real), but tracked all of the results on paper.
I will send you the screenshots here shortly. (which are posted above)
Thanks for taking the time to read my e-mail. Hopefully I was able to help you understand how I was testing. The rules I kind of “made up” from rules that you had used in other strategies.
It all looks good on paper….but will it work in actual trading? That’s what I intend on finding out next week.
Thanks again, and I’ll talk to you tomorrow.
Nick
=========================================================================
(THE FOLLOWING WAS 4 HOURS WORTH OF TRADING)
Ryan,
I need to go to bed since I have to get up at 2AM, but I just needed to send you one more email on how the indicator did tonight.
1) EU
Signal @ 18:43 -20 pips at the 89 minute mark
-20.00 x 2
-50.00 on Binary
Total Loss = 90.00
Signal @ 22:22
10 pips at the 18 minute mark
20 pips at the 37 minute mark
ATM BO taken for 11pm Expire - Won
Total Profit = 10.00 + 20.00 + 50.00 = 80.00
2) GU
Signal @ 22:20
10 pips at the 20 minute mark
20 pips at the 20 minute mark
ATM BO taken for 11:00 exp - Won
Total Profit = 80.00
3) AU
Signal @ 20:45
10 pips at the 45 minute mark
20 pips at the 52 minute mark
BO ATM taken for 22:00 Exp - Won
Total Profit = 80.00
4) GJ
Signal @ 21:40
10 pips at the 5 minute mark
20 pips at the 7 minute mark
BO ATM taken for 22:00 Exp - Won
Total Profit = 80.00
Signal @ 22:20
10 pips at the 18 minute mark
20 pips at the 20 minute mark
BO ATM taken at the 23:00 Exp - Won
Total Profit = 80.00
5) USDCAD
Signal @ 22:19
-20 pips at the 108 minute mark
-20 pips at the 108 minute mark
BO ATM 23:00 Exp = Loss
Total Loss = 90.00
6) USDCHF
Signal @ 18:50
2 pip loss at the 120M mark
2 pip loss at the 120M mark
BO ATM 20:00 Exp = Loss
Total Loss = 54.00
Signal @ 22:30
10 pips at the 40 minute mark
+ 8 pips at the 120 minute mark (did not get 20 pips but still generated profit)
BO ATM 23:00 Exp = Won
Total Profit = 68.00
7) EJ
Signal @ 22:45
10 pips at the 33 minute mark
20 pips at the 62 minute mark
BO ATM 00:00 exp = WIN
Total profit = 80.00
8) UJ
Signal @ 20:55
10 pips at 47m mark
+ 10 pips profit at the 120M Mark (a profitable loss)
BO ATM 23:00 exp = Win
Total Profit = 70.00
TOTAL PROFIT FROM 20:00 TO 00:00 = $384.00
8 SIGNALS GENERATED PROFITS
3 SIGNALS GENERATED LOSSES
I was just looking at the charts before I was going to bed and had to share the results.
Thanks,
Nick
1) EU
Signal @ 18:43 -20 pips at the 89 minute mark
-20.00 x 2
-50.00 on Binary
Total Loss = 90.00
Signal @ 22:22
10 pips at the 18 minute mark
20 pips at the 37 minute mark
ATM BO taken for 11pm Expire - Won
Total Profit = 10.00 + 20.00 + 50.00 = 80.00
2) GU
Signal @ 22:20
10 pips at the 20 minute mark
20 pips at the 20 minute mark
ATM BO taken for 11:00 exp - Won
Total Profit = 80.00
3) AU
Signal @ 20:45
10 pips at the 45 minute mark
20 pips at the 52 minute mark
BO ATM taken for 22:00 Exp - Won
Total Profit = 80.00
4) GJ
Signal @ 21:40
10 pips at the 5 minute mark
20 pips at the 7 minute mark
BO ATM taken for 22:00 Exp - Won
Total Profit = 80.00
Signal @ 22:20
10 pips at the 18 minute mark
20 pips at the 20 minute mark
BO ATM taken at the 23:00 Exp - Won
Total Profit = 80.00
5) USDCAD
Signal @ 22:19
-20 pips at the 108 minute mark
-20 pips at the 108 minute mark
BO ATM 23:00 Exp = Loss
Total Loss = 90.00
6) USDCHF
Signal @ 18:50
2 pip loss at the 120M mark
2 pip loss at the 120M mark
BO ATM 20:00 Exp = Loss
Total Loss = 54.00
Signal @ 22:30
10 pips at the 40 minute mark
+ 8 pips at the 120 minute mark (did not get 20 pips but still generated profit)
BO ATM 23:00 Exp = Won
Total Profit = 68.00
7) EJ
Signal @ 22:45
10 pips at the 33 minute mark
20 pips at the 62 minute mark
BO ATM 00:00 exp = WIN
Total profit = 80.00
8) UJ
Signal @ 20:55
10 pips at 47m mark
+ 10 pips profit at the 120M Mark (a profitable loss)
BO ATM 23:00 exp = Win
Total Profit = 70.00
TOTAL PROFIT FROM 20:00 TO 00:00 = $384.00
8 SIGNALS GENERATED PROFITS
3 SIGNALS GENERATED LOSSES
I was just looking at the charts before I was going to bed and had to share the results.
Thanks,
Nick
=========================================================================
| Bull Spread Testing | April 20-24 | ||||||||||||||||
| 10P - W | 10P - L | 10P-L | Profit | 20P - W | 20P - L | 10P-L | Profit | Binary W | Binary L | Binary Profit | Totals | ||||||
| AU | 14 | 0 | 0 | $140.00 | 11 | 3 | -5 | $215.00 |
Sunday, March 20, 2016Frank and the Binary Options Bucket Shop A Short Story on the industry ~ forex trading no minimum deposit0
ITS A SHAME BUT STORIES SIMILAR TO THE ONE BELOW HAPPEN ALL THE TIME...
The heat of the sun is beating down hard and sweat is dripping into the eyes of a construction worker. Every day, he toils. Every day he hates his job and is looking for better opportunities in life. One day, he does an online search and finds articles about binary options. As he digs and researches, he is getting very excited about this fortune that he is getting ready to make. He sees advertisement where he can make sooo much money! The dollar signs are now replacing his eyes. He runs to tell his wife that he just found something... a secret that no one knows about. He tells her how he can make 70% profit on every single trade and not only that. He can deposit $500 and they will just give him another $500 and double his money right out of the gate!! How awesome is this! Even further, he can just follow their signals and make money every hour of every day! So this construction worker goes to a local payday loan place and borrows $500. He knows the interest is high but with all of the profits he will make, he can pay off the loan in no time! Boy oh boy is he happy! Driving home, he grins as he plays a mental picture of what his life will be like in 6 months. He has seen all the pictures of guys driving fancy cars. He has listened to story after story of untold riches... the easy money. He also dreams of laying in his hammock by the beach. So it is 2 weeks later now. He has deposited his money in a binary options broker from some little island no one has every heard of. He accepted their generous offer of a 100% sign on bonus. He is getting ready to start trading. Trade one... WINNER!!! Wow! He is so excited. He invested $100 and they payed him $70 for total of $170. This is totally mind blowing! Trade two... WINNER!!! OMG! He took that $170 and invested all of it. Now he has $289. He can hardly believe it! What had he been waiting on all his life. Trade 3... WINNER!!! This is just insane! On trade number 3, he decided to up the game and invested $500. Now his payout is $850! He is just in heaven. He thinks, I can do this every day? Just sit here and make money? At this point, he KNOWS he is a real trader so he decides to take the profits out and just start with the house money he just won. He calls up XYZ binary options broker and asks to withdraw his funds. The person on the phone politely informs him that he has not made the minimum number of trades and to check the fine print. No worries, this guy thinks. Im sure it is not a lot of money I have to make before I can withdraw my money. He decides to ready the fine print anyway... What the #$%@!!!!!!?????? In the fine print, he is informed that since he took the bonus money, he is not eligible for a withdraw of any amount until he makes a total of $25,000 or a total of 1,000 trades. His heart just sinks. He is determined though so he will see this through. "Ok Frank, All I have to do is trade like I have been doing and I will be up to $25,000 by the end of the month", he tells himself. He starts trading again and places a bet quite larger than normal. LOSS He places another trade and it looks like a winner...12 seconds left.....8 seconds....woo hoo! This is gonna be a winner.....2 seconds left..... A price spike occurs. LOSS. What the #$#??!?!?! So Frank checks other charts. On other platforms there was no price spike. He calls up the broker and demands to know why the price spiked at the last possible moment. The broker informs him that forex does not have a central exchange and that price spike do often occur on one broker and not another. Before getting off the phone, the guy on the other end offers Frank a special top secret deal. All he has to do to learn the "Secret no one knows about" is invest $1000 into learning the system that will produce more profits than he could ever dream. The guy is super convincing and Frank is getting ready to invest more money. The one drawback is that Frank doesnt have any more money. He still owes the payday loan place. Frustrated, Frank hangs up the phone. If he could somehow come up with the money to invest to learn this top secret system. He thinks and thinks. Boom! He has it. He goes to his mom and tells her how much money he is making and convinces her to let him borrow the money. He can never tell his wife this though because she is becoming suspicious of this binary broker. After promptly getting back home and waiting for his wife to hop in the shower, he calls up his binary options business. The guy on the other end gladly accepts his money and gives him the best speech Frank had ever heard. Frank quickly checks his email to learn this super secret system he just paid $1,000 for and he is happy because the $1,000 is still going into his account. It can just work to get to that $25,000 goal. Click click. The email opens. He reads this super complicated system that has no entry points. It is all talking about stuff he cant even understand such as economic releases and interest rates. Frank is so upset. He is starting to feel like he is being taken advantage of. What can he do? His money is tied up and the super secret system is too hard to understand. 6 months goes by. Frank has tried everything. Those first 3 winners were just plain luck. He has ups and down and he still has $300 in his account. He just wants out. He wants to take his money and run so he starts looking for someone to help him learn to trade. All he wants is to learn to trade. He has been bitten by the trading bug and his life is consumed by it. He loves trading but just sucks at it. So he joins a popular face book group and learns that there are trainers in the group. He asks one of the trainers, " Can you teach me how to get my money out of the binary options business? I have an account but cant withdraw it." The first words out of the trainers mouth are, " I am so sorry but what you are involved with has nothing to do with trading and your money is pretty much gone." BLASPHEMY!!!!! Frank thinks and he goes to another trainer. He gets the same response. He tries a third trainer and gets the same response. Frank soon learns that all of the "brokers" are not brokers at all. They are private businesses that are scams and designed to take your money. Many of these scams dont even place real money when you are placing trades. What you are trading is just a demo account because you will never see that money again anyway. Frank learns that being regulated through some obscure "authority" somewhere means absolutely nothing. This is not real regulation. Its all just one big lie. Frank learns that the only way to trade binary options is through a regulated exchange. Thats it. There is no other way to keep your money safe. There is no other way to actually trade these. The only places to trade binary options that are true and regulated are below 1. The Cantor Exchange 2. Nadex 3. IG forex trading no minimum deposit Powered by Blogger
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