Hello,
Trading an OTM or ITM binary when excedding volume expectations and not near -1 or + deviation or near expected range how do you limit your losses or is it not possible? I am going for the $20.00 per contract but with 3 or 4 contracts the losses can add up. Any tips would be appreciated. Also any tips to understand Hi to Low expected range as I seen a video about it, but still a little confused how per bar it works.
Thanks
Limiting Risk on ITM and OTM binaries.
I don’t really traded ITM binaries on momentum scalps there gamma is to low (price moves to slow)
If you did you would limit losses using the stop trigger plugin (ie when the indicative hits the strike get out)
I see you have not done the stop plugin course or the binary scanner course. I would do these right away if your going to trade binaries you need to be using the scanner and the stop plugin not the platform. Don’t wait on this knock it out today.
For OTM trades there is no reason to limit them as that would increase probability of stop out lowering probability of profit and beats the point of trading an OTM binary which is not using stops due to the risk being so low - so really to limit losses on OTM binaries trade less of them.
Under S8 - System there is an apex section - under that we have momentum scalp section
Here are a few of the threads that apply others apply as well but this should help some as well and will probably give you some great tips and even inspire some new questions 
The expected range and how it works…
I’m not sure what you mean by how it works. It measures the expected movement from the low of the hour to the high of the hour. It then plots 2 channels one from the open of the hour to the expected high. One from the open of the hour to the expected low. It also sub plots in a panel below the chart the expected range in ticks as a yellow line and then allows you to see where the movement is in relation to how far it has moved from the low (red) or from the high (green) ie if it has moved up 10 ticks from the low there will be a red bar that has a reading of 10 ticks… if it then reverses and moves down 16 ticks then it would have a green bar showing it has moved 16 ticks from the high.
Feel free to ask more questions so we can help you fill in any missing pieces here is the forum for Q&A on expected forum (under study - apex indicators - expected range): http://apexinvesting.net/forum/expected-range-indicators-196/expected-range-indicators-1219.html#.U9KBBvl318E
To really master expected range take the boomerang system course.
Thanks for great replys. I will take the scanner and boomerang course and learn to use the tool. Have not been using it, as I was used to the platorm,but I will try to master the scanner tool.
Thanks
For my OTM binary trades say around 30 Buy In price I would try to get to take profit at 50. If these went against me was looking for a way To mange losses. I will study the new tools Over the weekend and hope this helps Better. Thanks again
OTM trades you manage losses by not trading a larger size than your willing to risk the amount. The binary price changes to fast to try to get out at say 15.