Are IB's worth the trouble?

#1

I’m seeing good short term success trading IB’s on forex pairs at low volume periods. I limit my pairs to those that are lowest expected moves between 3pm and 11pm ET. EUR/GBP, EUR/USD and sometimes GBP/USD if the pricing is right.

My technique isn’t anything new or revolutionary–enter at prices of 20-25/75-80 on each leg, stop loss at or just above strike price depending on the pairs’ behavior. Counting on thumbs it seems like this approach could give a much desired positive expectancy.

Over the last week I’ve had 6 wins and 0 losses–which is WAY TOO good IMO and makes me suspicious.

The question is–is this a technique that can work over the long haul? I see threads in this forum about it, but none of them have any recent activity (over 1 year). It makes me suspect the technique doesn’t work over long periods of time, and the participants have given up and moved on.

#2

The strategy is still good used correctly. The Apex Expected Range indicator can help a lot when trying to decide what strikes to pick. People are still doing them, but taking a guess that they are more focused on learning SEES and Power Plays.

#3

OK, an expected range indicator sounds like a great idea. I’ve been using a third party expected range web product. So far so good.

Seems like the longer TF setups work better than the hourly expirations, because the strikes are wider apart.

I’ve had a pretty difficult time accessing and using most of the Apex software products, including the chatroom, scanners, and S/L plugins. So I’ve kind of built my own techniques instead, which isn’t exactly ideal.

#4

Until Sept. 13th, 2017 you can access all of the Apex tools including the Elite room and toolkit w/Expect Range and more for free*. Go through one of the training courses on the home page to get the link at the end of the course. No credit card required.

  • some restrictions apply see offer on Apex Investing Institutes Home Page.
#5

Thanks for the tip.