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  1. #1
    Rookie Member

    Smile Good results with 10 minute strategy !!!

    Hi,

    I'm new here and thanks to you all for the information I've read till now. I didn't read anything about the 10 minute strategy, till now, so here it is.
    I'm completely new to trading en I'm trying to trade since two weeks with this demo-account http://nl.binaryoptionsdemo.com. I can tell you: 'till now I've had very good results with the 10 minute strategy of Keith Mann. Smart guy. He's an affiliate for Cedar Finance, but I'm definitly not. More information here: www.howtotradebinaryoptionsprofitably.com. I'm a conservative trader, I think, but since a few weeks I've been able to make 82 EUR every day, just thinking, studying and trying the things he's advising.
    Hope you like it

  2. #2
    Legendry Member Michael Hodges's Avatar
    hanks for the heads up, next time introduce your demo account and buddies website on the "introducing binary options businesses page

  3. #3
    Rookie Member
    Sorry. But this is really not 'my buddy'. Never met him, just came on his site. (But I think nobody believes you here, unfortunately. Next time, if I want to recommend somebody, Ď'll do it on the "ďntroducing etc. page".

  4. #4
    Legendry Member Michael Hodges's Avatar
    thanks, it's ok if you want to talk about the strategy, didn't mean to jump on you .... there are lots of scammers trying to post junk on our forums unfortunately. What is the basis of this strategy?

  5. #5
    Rookie Member
    My English is not perfect, but the basis is: find an up or downtrend. Use the the ICHI 360-indicator and the EMA's 9, 24, 62, 77 and 200. This is how it works e.g. with the downtrend: if all the EMAs are below the 200 EMA and Price Action is below the 200 EMA and the ICHI Monitor has 13 or more RED (DOWN) Arrows showing, then we are in a downtrend and looking for 3x5minute UP Candles in a row to place a trade DOWN. I think this is a simple, but good strategy, this.
    Check my chart: Click image for larger version. 

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    Last edited by wilson bakker; 06-28-2013 at 12:43 PM.

  6. #6
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Please correct me if I got it wrong. In the end u said that, for put strategy, there must be at least 3 consecutive 5 minute candles in upward direction and then we place a put. right?

  7. #7
    Specialist Member TAllen1429's Avatar
    Although such strategies look good on the surface they always make me very nervous.

    Look all you novices out there, you simply need to address some key basics.

    The first is that you must achieve a win-to-loss ratio of about 55% just to breakeven when trading binary options because payouts are lower than losses.

    This means that psychologically you must prepare yourself to trade, not just for a week, but for years with this objective in mind.

    This task is not simple especially if you plan to implement a massive string of 10 minute trades.

    My main point is this. With this background in mind, one good trading chart is practically meaningless. You did to back-test a strategy over at least 1 year and analyze the occurrence of every entry and exit position of your strategy, such as this 10 minute one. Produce the statistics in the form of a table or whatever. You will be surprised at the results you will discover. Display them on this forum for third party verification.

    Another major problem is that are you psychologically prepared to survive the dramas of trading for such an extensively long period. For example, you may be ok if you experience a series of early wins but what happens if you sustain a sequence of consecutive losses. How will you react? Most novices go to pieces.

    I have seen 100s of such strategies presented. Practically none of them last for more than 1 - 2 months. Love to be proven wrong by this one.

    Novices are better advised to followed the trading advice of the senior traders presented on this forum.

  8. #8
    Junior Member allanrock's Avatar
    It looks a bit complicated with this five EMAs on the chart with Ichimoku clouds on top, but if it works that is fine

  9. #9
    Rookie Member
    Quote Originally Posted by M.J View Post
    Please correct me if I got it wrong. In the end u said that, for put strategy, there must be at least 3 consecutive 5 minute candles in upward direction and then we place a put. right?
    Yeah, that's right. I think you have to have a lot of patience indeed, because the conditions are not often good, sure. But I managed to make profit every day. Not big figures, but steady

    To you all: thanks for your comments, it's interesting, makes me learn more. I'll keep you posted with the results.

    @TAllen1429: I agree with your statement "This means that psychologically you must prepare yourself to trade, not just for a week, but for years with this objective in mind." I'm not experienced, so I can guess you're right. Maybe this is not a strategy for long. And: I did not show you a good chart, but just a random one to show you the looks of it.

  10. #10
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by TAllen1429 View Post
    Although such strategies look good on the surface they always make me very nervous.

    Look all you novices out there, you simply need to address some key basics.

    The first is that you must achieve a win-to-loss ratio of about 55% just to breakeven when trading binary options because payouts are lower than losses.

    This means that psychologically you must prepare yourself to trade, not just for a week, but for years with this objective in mind.

    This task is not simple especially if you plan to implement a massive string of 10 minute trades.

    My main point is this. With this background in mind, one good trading chart is practically meaningless. You did to back-test a strategy over at least 1 year and analyze the occurrence of every entry and exit position of your strategy, such as this 10 minute one. Produce the statistics in the form of a table or whatever. You will be surprised at the results you will discover. Display them on this forum for third party verification.

    Another major problem is that are you psychologically prepared to survive the dramas of trading for such an extensively long period. For example, you may be ok if you experience a series of early wins but what happens if you sustain a sequence of consecutive losses. How will you react? Most novices go to pieces.

    I have seen 100s of such strategies presented. Practically none of them last for more than 1 - 2 months. Love to be proven wrong by this one.

    Novices are better advised to followed the trading advice of the senior traders presented on this forum.
    Terry ,you put it so well.

    I don't really put much stock in back testing, no pun intended. The market is always changing and every situation is always different. The trick is understanding how each indicator works and how to apply what you are seeing to the current conditions. This level of understanding takes time and practice, not to mention discipline and money management. I especially don't put much faith in short term strategies using 10 minute, 30 minute or even one hour positions.

    I concur with Terry, don't rely on this too much.

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