New Jersey Traders

[bigspeculate]

I'm working off indicators, so I guess you can call it algorithmically

 

[bigspeculate]

And yourself?

 

[quant1]

I work entirely algorithmically. All the trading is automated. What kind of strategies do you employ?

 

[bigspeculate]

Breakouts and pullbacks using DMI oscillator. Pullbacks with nadex options.

 

[quant1]

I see - hows trading nadex. I know the spreads there are brutal

 

[bigspeculate]

They are brutal, at least 10 points. It's not a day trading vehicle in itself. But you can hold the 2 hour, 20 minute, or 5 minute till expiration, and it's day trading.

 

[quant1]

Do you pay up spread or post?

 

[bigspeculate]

I'll pay it. I aim for just one trade per day per market

 

[quant1]

That's interesting. It would probably be better to post there, and try to hedge on a liquid market. The pricing is so off one should get a sizable % return if they could be hedged.

 

[bigspeculate]

The main advantage of using these binaries is not having to use stops. The market can go against you and rebound, and you're still holding the option.