digital outcomes

hyperscalper said:
Hi, I've scalped the NADEX 5 Minutes and others. Even in the 5 Minutes, where you have about 3.5 minutes of useful trading time, I Buy/Sell scalp the contracts, rather than to go into the Expiration period of uncertainty. I've heard, and I agree, that "professional" traders rarely hold to expiration.

Just wondering, why did you choose to post only those held to Expiration; or did I get the wrong impression that you mostly hold to Expiration? Perhaps I got the wrong idea. But, certainly in the 5 minutes, where liquidity disappears, it would be Agony to hold a really tight Binary Option to Expiration when there was nothing you could do to potentially cut your losses.

I love NADEX 5 Minutes... However, without highly precise Analytics and the ability to Scalp, it's nearly impossible :) My personal plan is to do a FIX connection, after a couple of months, so that I can multi-scalp inside the 5 Minutes, with multiple Strike price contracts simultaneously. But FIX is going to be such a pain !!!

HyperScalper
More...

OK,

well, the fives are pretty nutso quite honestly. Unless you're 100% correct on direction (which is the only time that I ever touch them) for a particular setup then I wouldn't mess with them. Price bar structure is the same within my method - so I get/understand the ability to trade the really short duration bars - but I am just not good enough to do it at this point. I agree that the only way you reasonably could would be to have the trade decision process automated, or the execution, or both. and, you better have a damn high hit rate on them too.

as for holding through expiration otherwise - it's just a function of where you think the close will be relative to any of the strikes. on this last awful trade i just took above - i was certain the close would be > 749, which was why I kept adding to the trade. I've done that dozens of times and hit 2-5x in an hour because my average price ends up being so low. Of course the first time I journal that I ended up using the wrong formula, but still. :)

You can connect to NADEX's API for $1k + I think $0.90/contract extra. It's in their terms if you haven't read that already. But you will have to have someone very good at writing because there is little/no support on the API that I found. I am not a programmer though, so take my input FWIW.
 
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