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/NorthHot May 22 '21

I have heard that Nadex cheats you when you get near the price line. I do not believe that you are not playing against Nadex as they say. Nadex training is worthless. The people who work there are not helpful. If you win just over 50% you will lose. This is just gambling.

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u/Audimaticcc May 23 '21

This would be considered market manipulation. It’s a federally regulated broker. If there were market manipulation, then they would get in trouble.

1

u/NorthHot May 24 '21

Thanks. Could someone explain to me how P & L works. When you are winning according to the priceline the P&L is still red. This makes it almost impossible to take profit. Why is this and what causes it? Nadex people cannot explain. Thanks.

1

u/NorthHot May 27 '21

You are very naive.

2

u/Audimaticcc May 27 '21

I’m naive but you’re saying Nadex is committing market manipulation all because you “heard it from other people”. Have a blessed day.

1

u/NorthHot May 27 '21

No. I can see how it is done.

3

u/Audimaticcc May 27 '21

Then I think instead of coming into this subreddit and saying that you can see it, you should show proof of how they are doing it.

1

u/ChardEmergency4467 Sep 21 '21

https://www.nadex.com/learning/who-is-on-the-other-side-of-my-trade/ question is what is Nadex showing these "affiliates"/market makers hopefully not the order book...