Nadex Butterfly Strategy


#1

So this is my strategy and I am going to keep updates on it on this thread and if anyone can comment or help out with advice that would be perfect!

Very simple really. I have a ThinkorSwim chart set for 5 min candlesticks and trade on hour expirations. I wait until around :30 past the hour and start looking for prospects. Simply look for small market or consistent market movement. At around :05-:15 until expiry I will look for a butterfly trade (Sell at the highest indicative I think it will stay under and buy the lowest indicative I think it will stay above) for around hopefully a $30-$40 profit.

If the market goes above my high or lower than my low I immediately get out of my butterfly hopefully cutting losses to around $15-$30 making a 1:1 RRR


#3

Sounds like you are planning to take these trades to expiration. I’d advise to take profit before the 2min dark zone, especially if you are taking such tight butterflies. Look forward to seeing some successful trades.