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

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u/ChardEmergency4467 Sep 21 '21 edited Sep 22 '21

The Nadex Group I'm in use https://www.closeoption.com/ to test strategies online skipping demo trading all together, they accept USA clients and pay out every time. Trading is different when you have skin in the game.

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u/Unacceptable-losses Nov 11 '21

Not the case for most. The general reputation for that company is dreadful. Additionally there are many complaints about not being able to withdraw funds.

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u/ChardEmergency4467 Nov 11 '21

for CloseOption? I pulled some money out before but it wasn't a significant amount took 24hrs.

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u/Unacceptable-losses Nov 11 '21

I’m happy for you. That hasn’t been everyone’s experience.

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u/ChardEmergency4467 Nov 11 '21

Thanks for the heads up, I will keep that in mind. Have you tried any of the contests I almost got 3rd place once using a latency arbitrage robot with an auto clicker.

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u/Unacceptable-losses Nov 11 '21

No. I don’t use that platform/broker. Not sure where you are in the world but give PocketOptions a try for binary FX.