Stop loss on Binary Options?

#1

Is there a way to set a stop loss on Binary Options? I understand how to set take profit, but if I select a price for my stop loss and execute the order, the trade will just close immediately, as the price it is currently at will always be better than the ‘stop loss’ price.

Is there another way to close a binary, aside from watching the option 'til expiration and trying to be quick on the mouse if it happens to hit my calculated stop loss? I’d rather not watch my daily binary all day long.

Cheers

#2

That is correct, your stop price will always execute right away if it is lower / higher than market based on the direction you are going. You need to be using the Stop Plug in to accomplish what you are looking for. Here is the link to Stop Plugin Training Course: http://apexinvesting.net/the-nadex-stop-plug-in-training-course/