Binary Options

[McNish]

They are good if you have a few bucks in your pocket and can't be bothered to go to the casino to place a bet.

I had a very short lived experience with betonmarkets. I got a free 20 / 25 $ bonus from some referral. Blew it up in two weeks. Today, with much better understanding of what the markets do, i guess it would be different this time. Cheers !

[jimmyjjohn]

It’s a good strategy to have a money management plan. You can also learn to have a trading psychology. You can’t let your emotions or assumptions get the best of you. You must have real trading strategies when you dabble into. You can’t just continue adding money into your trading account with the hope of finally earning a size able profit. You have to use your brains. You have to think!
You see, you can’t let your emotions control your decisions. If you trade when you’re stressed, you won’t be able to make a sound decision. What you can do is research! Research! Research! You have to know about current trading trends. You have to know what’s going on. Successful traders use their heads and strive not to lose control. You can’t gamble with. Your mindset should be that of a serious binary options trader.

[Kilian19]

I used to play around with binary options a little bit and the price manipulation seems to be even greater as in regular forex (trading anything below 5 minutes is a no go). Even though there was a time I was interested to connect Empty4 to a binary platform and through google I found some links which said that they developed a plugin to trade binarys on your Empty4.

http://forexmagnates.com/tradetools-fx- ... +Magnates)

Has anyone ever made experience with trading binarys using an EA?

[Jeuro]

Hello Kilian.

Fist of all.. there is no such things as "trade" binary. ( as much as the illegal
gambling industry wants to call it that way to attract forex traders that trade
the exchange market as gambling)

Binary is a "bet" , and better named in UK as spread-betting.

So, doing manually or with an EA, the principle is the same.
Doing it in X platform or Empty4 the principle is the same.

If anyone can predict what a forex symbol will do in the next "X" period of time
and does manually or code it and makes an EA.... it would make more money
doing it in the regular spot market.

Any Professional gambler would agree with this.

The odds, or the cost of betting is way too high compare to regular spreads.
Plus, betting in a forex symbols is not an exact science... for example, if you bet what horse crosses the finish line first in a horse race ... if any doubt, they have a photo finish that dissipates all doubts.

But a Forex symbol has hundreds of prices quoted in the Interbank at any given millisecond...
so... in some specific cases half of them would cross the line in X amount of time and the other half would not cross the line... So... which one is correct??? well... all of them are correct and real.

Now... make a guess which one the betting house would choose to display ???

J.

[FreddyFX]

Hi guys. :hi:

Have been away from the trading activity for some time.
Been reading around and investigating about this BO activity and somehow I think it is possible to outsmart the brokers, but ONLY the ones that offer it on a Empty4 platform with their plugin.

BUT....... it takes a lot of screen attention and therefor should get automated.
I tested a ton of indicators, but in the end only a few really function. :youknow:

Question is now how to put it all together and make it functional?

Any takers? :youknow:

Freddy

Feel free to look for me on Skype as FreddyFX2

[r1ch4rd]

Is it possible to create a script that could place a pending call or put order at a given price on an Empty4 binary option account?

Inputs would be:
The price you want in.
Put or call (or could be separate scripts)
Expiry of option, 60 sec, 5 min, 10 min, 30 min, 1 h
Amount you want to trade. 10, 25, 50, 100

I have recently opened a demo account out of interest and I would love to get my hands on something similar to give it a go as I think it may be a nice little tool. I use scripts on my live spot trading accounts that do the exact same job (attached). Hopefully it could be a quick code change.

Thank you in advance.
Richard