Yesterday I concluded that Pocket Option suspends the trading of genuine/authentic foreign currency pairs between the hours of noon to 3 PM Pacific Standard Time. However, at noon today, I could still trade, but only with a maximum of five-minutes before expiry. Moreover, I don't know if this continued up until 3 o'clock PM, nor if it was at this hour that the platform began offering four-hour contracts once again.
Binary options - any pros at all?
- Thread starter blackkey
- Start date
My original plan for this week was to base purchases of binary option contracts on three lower panel indicators (one oscillator and two histograms). The strategy was to enter positions at the close of a given candlestick if and when the corresponding histograms were on one half/side of the channel and the oscillator was on the other; with expiry set for the close of the very next candlestick.
However, as the week got started, I formed the opinion that a fresh 30-minute strategy (in which I was to execute trades only when the slope of a key baseline met a certain threshold) was showing a greater amount of promise, so I began experimenting with varying the size of my trades using this methodology (see Post #160).
At this point, I was hoping to wrap things up by homing in on the appropriate length of time to set for expiry so as not to allow too much of a window of opportunity for these kinds of profitable situations to turn against me. Unfortunately, because foreign currency pairs have not been trending very well during the past couple of weeks, I was forced to realize that this 30-minute strategy had to be shortened to making only 5- and 10-minute trades at a time, leading to the finalization of an approach I adopted over the last two days—the one I will be using for the remainder of December, given the fact that it has proven to be both valid and reliable.
It calls for me to trade in the direction suggested by a consensus of three moving averages, entering positions as dictated when rates pull back to a designated level of temporal support or resistance. I have coded a Meta Trader EA to alert me as to when such conditions might be developing, as pictured in the image below.
Again, if using this protocol turns out to work as well as I am hoping, next week my goal will be to begin gradually increasing the amount risked per trade until typical daily returns become more significant.
However, as the week got started, I formed the opinion that a fresh 30-minute strategy (in which I was to execute trades only when the slope of a key baseline met a certain threshold) was showing a greater amount of promise, so I began experimenting with varying the size of my trades using this methodology (see Post #160).
At this point, I was hoping to wrap things up by homing in on the appropriate length of time to set for expiry so as not to allow too much of a window of opportunity for these kinds of profitable situations to turn against me. Unfortunately, because foreign currency pairs have not been trending very well during the past couple of weeks, I was forced to realize that this 30-minute strategy had to be shortened to making only 5- and 10-minute trades at a time, leading to the finalization of an approach I adopted over the last two days—the one I will be using for the remainder of December, given the fact that it has proven to be both valid and reliable.
It calls for me to trade in the direction suggested by a consensus of three moving averages, entering positions as dictated when rates pull back to a designated level of temporal support or resistance. I have coded a Meta Trader EA to alert me as to when such conditions might be developing, as pictured in the image below.
Again, if using this protocol turns out to work as well as I am hoping, next week my goal will be to begin gradually increasing the amount risked per trade until typical daily returns become more significant.
In revisiting my charts after analyzing this week's performance, I suspect the above, longer-term approach could work after all. All that would be necessary is an adjustment in perspective. I coded an MT4 alert based on the modification in how I had been looking at everything to illustrate my point and to verify that this really should pan out (next week)...
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This is my first trade of the week using the new protocol in which I have full faith and confidence, at least for now, and which, for ease of reference, I am going to refer to as the "Christmas Strategy." However, as of 45 minutes into this trade, price has yet to enter and remain within in-the-money territory...
An hour was not long enough for this contract...
So, will it drop in the second hour?
EURGBP is my second trade. This time, I will give it two hours to drop...
An hour was not long enough for this contract...
So, will it drop in the second hour?
EURGBP is my second trade. This time, I will give it two hours to drop...
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It looks like this second hour will return 70% of my earlier loss...
Nonetheless, these rates are still popping up above their respective strike prices.
This third (ten-minute) contract, which looks to be headed for a payout, was purchased based on the "One-minute Launch Pad" strategy I originally planned to be using this week...
Nonetheless, these rates are still popping up above their respective strike prices.
This third (ten-minute) contract, which looks to be headed for a payout, was purchased based on the "One-minute Launch Pad" strategy I originally planned to be using this week...
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I wasn't paying attention to Nadex, so I didn't purchase this contract when I should have one hour ago. Consequently, seeing as how this is just a demo account, I'm purchasing eight 6-hour contracts at a ridiculous 30:1 risk-to-reward ratio (for about a $36 payout--not $28) based on the "holiday" strategy's suggestion that EURJPY will not drop below the 127.90 level anytime in the near future...
I've just replaced the above holiday or Christmas strategy with a closely related "Ultimate Truth" spin off evidencing an even greater amount of validity and predictability...
I am anticipating that this new approach should lead to my becoming comfortable executing some really HUGE trades by the end of this week, God willing..
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This time I was paying attention, and purchased two Nadex 20-hour at-the-money binary option call contracts based on the "ultimate truth" version of NPP derived from the "holiday" strategy, which I am going to exit now, 18-and-a-half hours before expiry, for the available profits...