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@  traderpusa : (01 July 2020 - 01:53 PM) So is the market lol
@  David : (30 June 2020 - 08:00 AM) yall are savage :D
@  David : (30 June 2020 - 08:00 AM) haha
@  Sambo : (29 June 2020 - 05:04 PM) If there's one thing i've learned, it's that the most profitable traders are the least boastful.
@  happyjas : (27 June 2020 - 09:50 PM) We understand what took place, you won a lot of money and bought a new "BMW M4 cake", you got down on your knees, put your little hands together and sounded like this: "My name is my name, if you ask me again I'll tell you the same, I won a lot of money, and already shove it on my candy back-end, but there's one problem, everyone knows already that I ABSOLUTELY SUCK."
@  happyjas : (26 June 2020 - 05:43 PM) the R8 Audi thing -_-
@  happyjas : (26 June 2020 - 05:42 PM) :unsure: 'Can't afford the BM thing, 'just got the 2018 Audi 2016 :(
@  happyjas : (26 June 2020 - 05:41 PM) :unsure: 'Ca
@  Dyabolus : (26 June 2020 - 03:45 AM) so were u verified by David at last? how about that 'pic'
@  David : (25 June 2020 - 04:48 PM) sure post a pic
@  euro_rapp : (25 June 2020 - 04:17 PM) sorry im bragging again, i sincerly apologize. Just wanted to share with you :(
@  euro_rapp : (25 June 2020 - 04:13 PM) By the way do you wanna see my new BMW M4?
@  euro_rapp : (25 June 2020 - 04:13 PM) where do you read that closure stuff?
@  happyjas : (25 June 2020 - 07:45 AM) thanks anyways MAster David, a million times :)
@  happyjas : (25 June 2020 - 07:41 AM) *closure
@  happyjas : (25 June 2020 - 07:39 AM) feeling anxious about what I read about BOE (the enclosure, i guess) :(
@  David : (25 June 2020 - 07:18 AM) good how about you happy?
@  happyjas : (25 June 2020 - 07:16 AM) hello MAster David, how are you?
@  David : (25 June 2020 - 06:23 AM) good morning guys
@  happyjas : (21 June 2020 - 05:09 PM) Alive and Kickin' B)


Nadex Binary options Early Bird Strategy

Nadex Free Binary Options strategy Multi swing profiler swing trading murrey math lines

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#1 BinaryOptionsTutordotcom



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Posted 27 August 2013 - 12:53 PM

Hi Guys & Gals,
 ( before I get words from certain members )

    Over the weekend I got a few questions about how we use our Market Swing Profiler and there are a lot of uses for the MSP tool IMO. I hope over time some traders will think up some cool strategies of their own as the tool starts to become more intuitive to them. However, I recently shared what we call our Early Bird strategy on our site. This simple strategy is originally what we started developing the MSP tool for in the first place. This is similar to how we used to do EOD signals feeding in the free data from Yahoo Finance way way back in the day. Before some one mentions it I will warn you right now this post is going to be long. I am sorry for that but there is no fluff here and everything is important in my opinion so please bare with me. You are welcome to ask questions here in this thread and I have a PDF copy of this for referrence on our site.  

What you will need:
1. A chart: The tool is no substitute for a chart and I prefer something in MT4 from a spot broker.
2. Access to our MSP tool here:
NOTE: You will have to make a free account to access the tool
3. Demo account at
NOTE: This strategy was devised for 0 - 100 American style options brokers and while I have not used it on other brokers I believe it can be adapted but I am only going to talk about Nadex because that is what I have access to and have developed this on.

OK lets cover the methodology around this Free Binary Options strategy for Nadex
     We are essentially buying an OTM ( Out of the Money ) Option early in the new GMT day that will expire about 19 hours into the next day on the Binary Options exchange Nadex.com for the purpose of this example. We will let our computer do some of the heavy lifting for us crunching some numbers and looking for a probable OTM strike. We are not going to hold the trade until expiry this is more like some short term scalping as best we can do on a Nadex Daily Binary Option. So we will build our hypothesis using the data from our Multi Swing Profiler and put on what we hope to be a fast and profitable trade.
STEP By Step Trading plan:
1. We locate a currency pair with a definite trend early on maybe in the first 30 minutes of the new GMT day 7:00PM CST or 8:00PM EST etc...
Green Currency pairs: We are looking for an OTM ( Out the money ) strike above the open to Buy
Red Currency pairs: We are looking for an OTM ( Out The Money ) strike below the open to sell
2. Now that we have a direction we look for the stars on that currency pair: No number crunching here because these stars outline the strikes that are inside each currencies average swings on the day up and down from the open of the day. So we are forming our hypothesis by finding the trend and then looking for a strike that is reasonably probable based on the average historical swings of the market.
3. We are looking for a good priced Binary Option: To do this basically we are looking for the furthest swing out from our current open price that is still starred. We want it further out of the money so that on an exchange like Nadex we can purchase the contract cheaper. One thing to remember with Options trading in the USA is that it involves kind of an Auction mentality and so you are trading against other savvy traders and market makers that are looking for value so we are trying to use our tool to discover this speculative value early on and be the first to buy or sell that contract in order to get in or out with profits before most other traders. A good price is very subjective so here are some guidelines to consider related to pricing. Remember we don't want to trade what options traders call Lottery tickets because those are not well priced options they are in most cases highly unlikely bets with odds dramatically against the trader hence the name lottery tickets.
Green Currency pairs: We are looking for an OTM ( Out the money ) strike above the open to Buy priced between $20 - $30 the closer to $20 the better for our buy side trades.
Red Currency pairs: We are looking for an OTM ( Out The Money ) strike below the open to sell priced between $70 - $80  the closer price is to $80 the better for us on the sell side.
NOTE: In both these examples your total risk is only $20 - $30 per contract excluding Nadex fees of course
TIP: If you are planning on riding a market trending up then let the market fall a bit to the nearest support on the day so that you can get as good a pricing as you can. When you are planning to sell then let the market rise closer to the nearest resistance on the day. Of course in spite of the MSP tool you still should be watching your charts so that you can get a better price for your trade.

Remember a penny saved is a penny earned especially when trading Binary Options on American style 0 - 100 exchanges.

4. OK now hopefully you have got in at a good price and you are going to now set a fast generic Take profit limit order at

Buys = take profit at $42.00
(  least profit scenario you bought at $30 and sold at $42 )

Sells =  take profit at $58.00
(  least profit scenario you sold at $70 and bought at $58 )
     Now this is why I mentioned getting in as best as you can at a good price because you might be able to get in and out with more return the closer you can get to the right side of $20 or $80 depending on your direction. The above numbers are some generic exits I might use if I am falling a sleep and wont baby sit the trade. However I really suggest that anyone trying this strategy take a few hours and watch the trade play out because sometimes price will stall just shy of these numbers and if you are there to watch your trade then you can still sell and leave with profits. I am going to show you an example trade based on this theory in a second where that is the case. This trade is a demo trade and I want to point out to everyone trying Nadex for the first time and even for the savvy user  it is best to practice executing a new strategy to you in a demo account. Get proficient with the strategy and then make your decision to go live when you feel comfortable. Learn your lessons in demo and have sympathy for others who chose to pay full price for this same education.
     Below I am going to show an example of a fast trade that made roughly 25% profits in about one hour 20 minutes using this simple strategy and the analytics we share for free in the Multi Swing Profiler. After that I will talk about some tips to hopefully help add a little punch to this simple strategy.
    Here is the USDYEN Profiled just after 8:10 Eastern time Aug 22nd 2013 and this means there are new lines and stars to outline a profile for the new GMT day. This is why I am setting my exit for 3:00PM EST the next day and I can either get in and out quick or the market might turn on me and if I still think I have a chance then I will let the contract ride over night and look at it when I get up the next morning. These are OTM strikes and very speculative so I can't expect to win all of them. However I am trading on Nadex and they are an exchange. This is not all or nothing I can leave with some of my risked capital or as mentioned leave with profits even before the generic Take Profit values I gave earlier of $58 and $42.

1. OK I see the direction was showing Green so I assumed the dominant near term trend was up and I moused over the pair and was given the market open of 98.86

2. I look at the stars and I see a 99.219 Strike for Murrey Math line 8/8 and yes my percentage here is showing 0% but again I am not intending on holding this trade all the way and I don't even care if it reaches the strike of 99.219 all I want is a realistic swing based on crunching some of the average swings of the currency pair. Now if this trade actually hit 99.219 on Nadex I could get $50 but remember our generic number is going to get us out earlier before that even.
      Also you will note that the swings below the open looked more probable at the top of this GMT day and I could have waited to see if I see a change in the trend and then tried to find a strike to sell and honestly that probably would have been better but I was trying to just go through the entire process start to finish and have something to help illustrate this strategy in action. In this strategy the stars that outline the average swings are imperative and the probability percentages are more subjective and not entirely critical. I might have held on for $42 or even $50 if those percentage numbers had looked better as an example.

   OK So in this picture above you can see me going in and doing the trade in and out. I bought 99.20 because it was a strike just BELOW our Murrey Math line number. Since I am looking to buy in a perfect world I will get a strike from Nadex that is just below the Murrey line and if I were looking to Sell in a perfect world I would get a strike just ABOVE the Murrey line. You can see that I got in this position Buying 2 contracts at $29.50 ( right below $30 this was not something I would write home about LOL ) and then I sold those 2 contracts back just under one and a half hours later for $38.50 . Next picture is a chart with the market and I want to talk about a few things on it.


OK now on this chart you can see an arrow up over the 5 minute candle I got in and an X where I got out. You will notice the price moved against me for a while on the chart. However on the Nadex platform price did not float more than $4 per contract against me because remember these are options and I had all the way until past the middle of the next day in order for my option to pay out. There is a premium on time and it was still on my side because I got in early. When price is not rapidly deflating on you it is a bit of a help with psychology to help you hold a trade and the fact that my MSP indicator never just turned and went Red on me and the chart shows my envelopes painting an up trend for me all helped me stay cool and just hold the trade.
     After testing the lows we bounced pretty strong and got close to my $42 take profits exit on Nadex but it stalled and I decided to take the profit and leave. There are a few reasons why.
1. 0% for the 99.219 strike so it really was not something to get sentimental about
2.  I bought a contract with almost 19 hours left and could leave in under one and a half hours with 25% profits roughly.
3. I could see that pinbar forming on my chart so price action was telling me bulls and the bears were fighting and if I took my money and left I did not have to care who won that fight.
     OK that is it all there is to this simple strategy but before we wrap up I want to share some tips that might help you enhance this theory a bit.


1.  Look for strength or weakness across the board because that will most likely get you in a trade where the current sentiment of the day is really in your favor. As an example if

     Were all UP then it would have been stronger for my buy because that would have meant the market was really smiling on the dollar. Early in the day you probably wont see that but at times you will see this on the Market Swing Profiler.
2. Check to make sure that there is no major news standing in your way as you are doing the trade. You don't know what actions news will elicit from the markets. This is just a speculative technical trade and there is an old joke about technical traders sitting in a room with no windows.When ENTIRELY technical traders get in the way of fundamentals or market sentiment most of the time technical trades will take it on the chin. So don't be like we were when we first started speculating and instead take a look out your window and see what news is pending related to the currency pair(s) you are speculating on that day.
3. Pull up a daily chart: In the best of worlds you are looking for buys when the market is moving up the last couple of days and you are currently around a low of the day on the current day. Now it was early on in this trade and in this strategy it always will be but it is good to at least see that on a longer time frame you are not just fighting the daily trend on a Daily binary option. Remember the trend is your friend so pay your friend some attention.
     That was the last of my tips and we hope a lot of people can really enjoy building some simple speculative trades using our Multi Swing Profiler and this strategy at the top of the new GMT days trading Binary options on Nadex and other 0- 100 binary options exchanges.

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#2 marijan993



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Posted 28 August 2013 - 06:05 AM

Looks nice, thanks.

#3 BinaryOptionsTutordotcom



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Posted 28 August 2013 - 01:02 PM

Thanks Marijan,


     I think some traders might be able to use the strikes as they come out each day to devise several different ways to play around these numbers, stars and the trend indicator. We also added a little 2 hour chart to each pair so if you click then you get a chart and if you mouse over the pair then you get the open of the day.

#4 BinaryOptionsTutordotcom



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Posted 14 September 2013 - 03:01 AM

I have not been back to this thread in a good while now. I notice a few guys asking about +1/8 & 0/8 and trading outside the strikes on the tool. I done an article on Murrey Math theory on the site to explain all the lines in more detail but essentially when you see a breakout above the +1/8 or below the 0/8 that holds as always this means that level is our new Support/Resistance and if it holds then you can look for a breakout trade on the day.

Look at the Murrey Math lines that came out on Thursday night 8:00PM EST for GBPUSD.


GBPUSD had a breakout through the +1/8 and it held on the day. Remember when viewing this tool that there are now 4 components all built in on one screen.

1. You can see what we believe to be the intraday trend direction when the markets are open
2. You can see the market swings up and down marked off on Starred Murrey math lines.
3. You can see the Murrey math lines we came up with for the new GMT day along with our probability percentage for each of these 80 strikes at 8:00PM EST
4. We just added the Intraday O.H.L.C. data and it will be archived going forward.

     Also if you click on a pair then you will see a fast chart with the last 2 hours of 5 minute bars. I know that I originally started this thread talking about the early bird strategy but we are trying to add enough to turn our little analytical tool into a nice way to get a birds eye view of these forex currencies and there are lots of ways you can use this data to trade around on Nadex and spot etc...

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#5 BinaryOptionsTutordotcom



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Posted 16 September 2013 - 09:07 PM

Another Update:

     We just added in another little piece of data to the MSP tool. This is what we call Out of Bounds Directional bias arrows. As an example you can notice that when EURUSD opened today and the new numbers were posted to our board the market was trading below the bottom Murrey Math line already and there are of course two ways to interpret this.

1. The market is heavily oversold and you can look for a bounce at some point in the next 24 hours possibly.

2. There is a strong Directional bias in place and if we see the Trend agree with that Bias on the open then it can be interpreted that we are in a continuation of the direction while both the bias arrow and dynamic trend agree. I hope this is making sense and this is my favorite way to interpret this data and ride a continuation of that trend while it last.

    We added the arrows to make these rather rare conditions stand out visually on the Tool. Here are some Illustrations.

EURUSD that was setup for down trend at the top of GMT day today.

USDCAD that I noted and traded around early on the start of yesterday:


#6 wojtekz



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Posted 15 August 2015 - 12:13 PM

ok so u risk $30 to make $10? good luck

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