1.8% Profit per Day Compounded over 220 Days

[expiated]

Wednesday / February 5, 2020 / 11:30 PM PST

Though NADEX involves either ridiculous risk or extremely adversarial time constraints, if used correctly, Numerical Price Prediction's Shoreline Touch strategy could seemingly lead to an almost perfect success rate, which might possibly overcome NADEX's otherwise almost insurmountable hurdles, and this has the potential to result in a doubling of returns very quickly, every week in fact, but the key is using the system correctly.

Numerical Price Prediction's Shoreline Touch strategy again morphed into what I'm calling the WEC strategy, which is simply a more microscopic application of the same waves-envelopes-cycles methodology of trading, and resulted in my growing a $25,000 Nadex demo account by almost $1000 in two weeks (since January 22, 2020).

I will therefore switch over to my live account any day now. Doing so will require violating the heck out of the 1% rule in the worst way possible, so I will have to depend on an extremely high success rate and the wisdom and discipline to exit trades that have gone awry quickly and judiciously to avoid blowing up my account before it grows beyond its initially infinitesimally small size.

I will be happy to realize $15 a day in that this will far surpass my original goal of 1.8%, and anything above this will simply be icing on the cake.

 

[expiated]

I will be happy to realize $15 a day in that this will far surpass my original goal of 1.8%, and anything above this will simply be icing on the cake.

In spending the last 24 hours fully implementing the WEC system, I found a $100 return on a $100 Nadex account in a single day is completely doable, though again, it violates the heck out of the 1% rule. Patience, discipline, and a generous serving of prudence and wisdom will be of the utmost importance.

 

[expiated]

Monday / February 10, 2020 / 11:00 AM PST

Having grown my NADEX demo account by $342.25 since Thursday, I now have enough confidence in the WEC strategy to motivate me to deposit $100 in my live account to begin trading for real once again.

Today

But unfortunately, the system would not let me because the account has been dormant for more than a year (I haven't used it since 2014), so I'm gong to have to fill out some kind of forms and send them back before I can get started again.

 

[expiated]

I was very much interested in following a trader here who planned to take a £100 OANDA account and parlay it into £5000 in a year, though I did comment that I was curious to see if the thread lasted. Another trader wrote that all the individual had to do was make 1.8% per day compounded over 220 days.

Unfortunately, the first trader's quest appears to pretty much be over, [so] it seems I will not have the pleasure of following the odyssey’s progress, hence my establishing this thread.

Given the change in plans from two years ago, I'm now going to go about this backwards. Since I have, after all is said and done, decided to go the NADEX route rather than OANDA and can honestly see myself making $100 a day with a starting balance of $100, my curiosity has switched to wondering how long it will take for this size of a daily return to equal 1.8% of my accumulative balance, which I calculate to be about 55 trading days from now ($5,555.56).

 

[ironchef]

I am unable to wade through 35 pages of posts, just curious, are you able to achieve 1.8% profit compounded over 220 days or close to it? If not, why not?

Thanks.

 

[expiated]

I am unable to wade through 35 pages of posts, just curious, are you able to achieve 1.8% profit compounded over 220 days or close to it? If not, why not?

No problem. I am happy to answer an honest question asked in a straightforward manner.

The answer is yes, I can do this easily, but starting with a $100 OANDA account, by the end of the first week I will have made a total of only $9.33. This would be fine as a pure exercise (as originally described by comingkindofisrael in his Mega Money Madness!!! thread) but two years down the line, this is no longer where I'm at.

(At the end of January I deposited $50 in my OANDA account and made $6.29, but withdrew it so I could make a $100 deposit to my NADEX account. And this was even BEFORE I initiated the WEC strategy last Friday, which makes the system even more successful.)

Though not difficult, the approach does require a certain amount of time since the market must be monitored with positions entered when the structure is right. At this point, I don't need to see if I can make money given that, right or wrong, there is not doubt in my mind that the system is profitable. So what I really need now is to generate enough income from using it to begin making a living from it (given the time that it takes).

Going the OANDA route and starting with a $100 trading account, by day 220 I would only be up to $90 for the day. Going the NADEX route, I could make $100 during the very first 24 hours and increase my daily take exponentially very quickly. The only problem is that the associated risk-to-reward ratio will be horrendous—but the extremely high success rate will compensate for this, as will monitoring positions and abandoning them early should things turn sour.

 

[expiated]

I just sent in the form Nadex requested, so if the signature on my old passport is close enough to the handwritten one with a transparent background saved on my laptop for pasting into electronic documents, and if Nadex will accept my passport rather than a card, hopefully I'll get an email in two days saying they've reactivated my account so I can finally start doing what I've been preparing for ever since August 2018.

 

[expiated]

Nadex has already sent me an email stating that my re-certification has been accepted and confirming that my account is now off hold. I've been pushing my system to the limit to test its validity and reliability, but now that I'll be trading live with a limited budget, I'm going to start off safe and wait until 9:00 a.m. PST before initially purchasing a contract.

I'll probably wait until I've at least doubled my initial deposit (if that happens) before I go back to trading more aggressively.

 

[expiated]

I was very much interested in following a trader here who planned to take a £100 OANDA account and parlay it into £5000 in a year, though I did comment that I was curious to see if the thread lasted. Another trader wrote that all the individual had to do was make 1.8% per day compounded over 220 days. For quite a while, it seemed I would not have the pleasure of following the odyssey’s progress, hence my establishing this thread.

CONCLUSION:

This is no longer an exercise in that I now have all the information I need to decide how I wish to proceed. Contrary to my original plan, it appears that I will be attempting to carry out this task via NADEX rather than OANDA.

This will enable me to generate far more than 1.8% ROI on my initial day of trading. Theoretically, I should easily be able to realize a profit of anywhere from 5% to 100% of my opening balance, with diminishing returns each day after, assuming I do not increase the number of contracts I purchased per trade.

From January 22, 2020, when the balance in my demo account was $25,000...

until this afternoon, where it is presently at $26,999...

I have grown the hypothetical $100 with which I started to $2000 in a period of a month, an approximately 2000% increase.

"Yes, but this required you to take on undue risk, trading in a wildly irresponsible, completely unprofessional manner!"

Perhaps so. I have always said that the structure of the Bids and Offers on NADEX's strike prices result in totally unacceptable risk-to-reward ratios. Nonetheless, quantifying the true nature of the risk I am genuinely encountering when trading in the manner I am now employing with NADEX is no longer such a simple matter for me.

First of all, by always monitoring my positions and exiting trades before expiry if and when circumstances turn against me, unless there is a sudden jump in price, the effective risk-to-reward ratio I will actually be facing will always be less than the Max loss/profit printed on the order ticket; and while I cannot totally eliminate such risk, I can at least minimize it by only trading when no news is scheduled to be release and only during those hours when the market evidences the least amount of liquidity and volatility.

In addition, the fact that NADEX allows me to execute in-the-money trades (in addition to at-the-money and out-of-the-money trades) means that I can select strike prices that significantly increase the odds of my trades always ending in success. Combined with a system that is extremely accurate in terms of forecasting the direction in which rates are likely to go in the not-too-distant future and the limits to which they might deviate in either direction, up or down, one has a recipe in which the chances of losing begin to approach zero, God willing.

Not being a mathematician, I do not have the exact numbers, but I am willing to go ahead and risk $100 based on the very favorable numbers I DO have.

"Yes, but you’ve been trading a demo account. It won’t be the same when you begin trading a live one!"

I am not much inclined to respond to this type of statement. Knowing myself, I have little interest in what someone who has never seen me trade, has no idea of how I handle my emotions, and can only guess at what might constitute my psychological makeup thinks about what I might or might do trading a real account vs. a virtual one.

At any rate, the results of my demo experiment will have to suffice, since I will not be making my personal finances in connection with trading public (other than the fact I will be starting off with about $100).

My research is done.

 

[expiated]

Sunday / March 1, 2020

As I typed in the past, maximizing the success rate when trading Nadex Forex derivative two-hour binary option contracts means trading when markets are evidencing the least amount of volatility/liquidity, which I attribute to certain hours.

However, in observing how much smaller candlesticks tend to be during such times, I decided to code a candle size indicator and determine the precise numerical values for when and when not to be active. Having done so, with a horizontal level plotted on the lower-panel indicator as a visual marker, I checked the Web for a similar indicator in that I only know how to code oscillators (or histographs) and I would prefer that the indicator were a histogram.

At first, I could only find other histographs (see the image on the left), and then when I finally did find a histogram, the bars went both above and below the zero level (see the image on the right).

However, because I am only interested in the size of the candlesticks, not whether they are bullish or bearish, I need the indicator to return all outputs as absolute values, so eventually I will have to post an ad somewhere to see if I can find someone who can code it for me as described.