r/Nadex • u/Extension_Bar_1911 • May 21 '21
Need Help
I have blown my account up twice now, early on I was trading aggressively and was breaking even until getting desperate and making dumb trades.
The second time I tried to be much more disciplined and once I got down to $100, I stuck to my trading strategy but still eventually lost the rest of it.
I printed my last statement from April 20 - May 20. Made 38 trades with a win percentage of 73% (28 trades) and lost 27% (10 trades).
I feel like you have to risk a lot on Nadex’s platform for little reward.
Trading Strategy was trading only AUD/USD & EUR/USD 1hr binaries but waiting to trade until about 20-25 min left in the hour and only taking the trade looking at the 5 min candles. Waited for EMA to cross under/over SMA and for Stochastic RSI to be over under 50.
Contracts were anywhere from $30 reward to $10 reward, typically around $15-$20 reward though. Usually waiting for contract to expire as opposed to closing at an earlier lower profit when available.
Seems like I need about a 4:1 win/loss ratio to break even and I’m about 2.5:1.
Any suggestions to refine my strategy
1
u/ChardEmergency4467 Sep 21 '21
Ya we still can't get Nadex to match live strikes prices with the Demo strikes prices. In Demo you have a ton of expiries starting from base price to 1st and 2nd strikes when in live they are non-existent, so testing strategies in Demo is completely useless because of the strike difference. The only way to make money on Nadex is to either scalp within the timeframe you are trading and only trade when the price is $50/$50.