A POSSIBLE NADEX SOLUTION
I have someone supposedly coding the alert mentioned in the previous post right now, but on a different note, I might have an alternative solution to what was going on last week, where I took the opening balance of the demo account from $10,000 to $11,724.75, but did so by risking absolutely outlandish sums of capital (purchasing in-the-money binary-option contracts) for relatively miniscule payouts.
If, God willing, nothing goes wrong and I’m able (this week) to get Nadex to reverse my account suspension due to inactivity, I have hatched an ingenious plan (just kidding) to grow the account exponentially with hopefully minimal risk using what I’m thinking of as “core price-range overlap launchpads.”
The tactic is based on the central tendencies of a carefully selected longer-term, intermediate, and shorter-term price range in which the slope of the longer-term price range conveys market bias/sentiment.
For example, in the image below, the slope of the central tendency of Price Range A makes it clear that I’ll want to purchase a Nadex binary-option out-of-the-money call contract.
So, (without getting into the weeds) I simply need to sit back and wait for a convergence of all three central tendencies. When this occurs, I then wait for the candlesticks to bounce off statistical support (or resistance, as applicable), which they do in this instance at Location 1 and Location 2 (to make it simple). This is where positions are entered.
Since I will only be purchasing out-of-the-money contracts, the reward-to-risk ratio will never be less than 1:1, and unless there is some type of wholesale reversal in the trend or some great, unanticipated, catastrophic fundamental event that takes place to turn everything on its head, the statistical odds of an asset being out-of-the-money at expiry should, under normal circumstances, almost always be very close to zero, or at the very least, way below 50/50.
