What is the best strategy to use for trading on Nadex overall?(Be detailed)
That depends
First a strategy is simply buy sell straddle strangle hedge etc
A system is rules for entry and exit
What hours can you trade What is your risk tolerance Can you take 7 losses of $10 in a row then have 3 that make $90…some people are more concerned with probability than profitability
Others want a happy medium
Some can only trade at night…others in the morning, others afternoon, others for 15 minutes
Some like swing…others trend…others random walk…others neutral
Account size also effects the decision
My favorite strategy is the Apex trading system
Just because something works a lot does not mean its for you if you can’t or won’t execute it due to psychology financial or time constraints
The answer is different by trader depending on some of the responses to these questions
Also time of day and market conditions change the answer
And the markets you trade and how many markets you can simultaneously trade well
I have over 70 systems to implement on Nadex
In summary I trade the apex pattern system more than anything
But to try to answer it for you I would need more details like the ones listed above
I can trade pretty much most of the day except in the very early mourning hours around 8-10:30 a.m. My risk tolerance is not important to me as long as the system/strategy is highly effective in the long term and it uses high reward low risk trades. I am looking for a strategy/system that is simple to use and produces very good results in all kinds of market conditions. Tell me more about the apex pattern system and how it performs and how do you use it and how do you get access to it and any other systems that you may see which fit my style of trading.
[quote=dmc009 ] I can trade pretty much most of the day except in the very early mourning hours around 8-10:30 a.m.[/quote]
So you can trade anytime except 8-10:30 AM? Did you know this is primetime trend trading? Or did you mean anytime of day except like 3 am 4 am etc…?
[quote=dmc009 ] My risk tolerance is not important to me as long as the system/strategy is highly effective in the long term and it uses high reward low risk trades.[/quote]
http://apexinvesting.net/apexelitediagnostictrading http://apexinvesting.net/apexelitediagnostictrading
Your risk tolerance is everything. Without proper risk tolerance and management you won’t trust a system to follow the rules to let the probabilities work out.
Some people want high probability trades… (they want to win a lot - they would rather make less and lose less often) Some people want high profitability trades… (they want to make a lot and don’t care if they lose 90% of the time if they net a profit)
High reward low risk is important but probability is also equally important. I can lose 9/10 and make money as i make $100 when i win and lose $10 when i lose. net $90… likewise i can win 9/10 and lose money - making $10 everytime i win and lose $100 when i lose - net -$10
This is a much deeper piece to trading then many realize. This totally effects your psychology of how effectively you can follow a system.
[QUOTE=dmc009 ] I am looking for a strategy/system that is simple to use and produces very good results in all kinds of market conditions.[/quote]
That is what the Apex System is check it out. It does not take long to see how awesome it is…
[quote=dmc009 ] Tell me more about the apex pattern system and how it performs and how do you use it and how do you get access to it and any other systems that you may see which fit my style of trading.[/quote]
This is much more than i can do in a forum post. Check out the trade room free you will see how it performs. It is clean and simple. You have to learn about 10 rules and then its just muscle memory. I use it the same as everyone else. Look above in the menu you will see the links for trials, room access, indicators, training and more.
Below is a video where I do a quick walk through of it.
http://apexinvesting.net/apexelitediagnostictrading http://apexinvesting.net/apexelitediagnostictrading
I have watched the full video of the APEX system you posted in the post above and I am very very impressed with the system and will very likely began using it next week after I study it a little more this week. When trading on Nadex what is a good take profit order amount to use when using the apex system on Nadex binaries? Is it better to use Nadex weekly binaries rather then the other Nadex binaries with the apex system since they give you a lot more time to be right and you can always exit then at any time during the week? Is there a workspace in the apex system which opens up the chart with all the apex indicators on it that is used in the apex system? How much money can one expect to bring in from the apex system on a normal trading day? Is it better to sign up for the monthly or yearly apex elite membership package and with the yearly one do you get the first three months free without having to pay anything? Is an Nadex account balance of 700 dollars enough to make the apex system work successfully in the long run when dealing with all the ups and downs in the markets or is more money needed?
Lots of questions in one post
[quote=dmc900 ] I have watched the full video of the APEX system you posted in the post above and I am very very impressed with the system and will very likely began using it next week after I study it a little more this week.[/quote] Get in the trade room it is the fastest place to learn
[quote=dmc900 ] When trading on Nadex what is a good take profit order amount to use when using the apex system on Nadex binaries?[/quote] We trail stops we don’t set profit targets. We let our profits run.
[quote=dmc900 ] Is it better to use Nadex weekly binaries rather then the other Nadex binaries with the apex system since they give you a lot more time to be right and you can always exit then at any time during the week?[/quote] It is better to use nadex spreads when intraday/trend trading. Binaries are for volatility and neutral based strategies.
[quote=dmc900 ] Is there a workspace in the apex system which opens up the chart with all the apex indicators on it that is used in the apex system?[/quote] Yes multiple workspaces
Defined a normal trading day. What hours do you trade. What instrument. How much do you trade in size, risk etc… Do you follow all rules. There are a tons of variables to answer this question. Also forward expectations can never be given. Backwards it has done well just try it and see on demo or whatever. Also watch in the room.
[quote=dmc900 ] Is it better to sign up for the monthly or yearly apex elite membership package and with the yearly one do you get the first three months free without having to pay anything?[/quote] Yearly will give you 3 months free. Meaning you pay for 9 months and get 12 months. It does snot let you sign up for free for 90 days before you pay anything.
[quote=dmc900 ] Is an Nadex account balance of 700 dollars enough to make the apex system work successfully in the long run when dealing with all the ups and downs in the markets or is more money needed?[/quote] The average risk on a single contract is about $20-$30 (if you follow the rules) so $700 is plenty to be able to implement the system
