We’re ALL just financial surfer “Trader Dudes” … today’s lesson in surfing
involves putting the binary options trading indicators from the v2 Binary
Options trading manual onto the MT4, and how it can help you navigate short
term trades in either futures or CFD markets … there’s a couple minor variations
that I make allowance for to help “catch the wave” quicker … these variations we
don’t need in binary options cuz in that realm EVERY M1 IS ITS OWN
BULL / BEAR MARKET, and nothing past 60 seconds matters for our “bets”
… that isn’t the case in regular trading unless you’re an insane super scalper.
Let me start by stating clearly that if your intent is to trade OTC binary options
ONLY on the IQCENT trading platform, ALL YOU NEED IS THE V2 BINARY
OPTIONS MANUAL … you don’t need anything else … it’s “standalone” … I think
I have made it quite clear in the manual that our premise for PROFITABLE trading
hinges on the “theory of runs”, and how to maximize profitable opportunities,
especially in the OTC crypto pairs [that not incidentally have the highest payout
ratios of between 92% - 95%], where there are millions of “players” across
platforms … it’s a whole other “kettle of fish” when you move over to futures,
spot, or CFD trading, and although similar in many respects, there are some
very big differences … I hope today’s blog helps bridge that gap!
The main advantage in regular spot market trading at IQCENT falls into 2 areas
… 1) NO COMMISSION TRADING OF BTCUSDT WITH 1 OR 2 PENNY BID/OFFER
SPREAD!! [good luck matching or beating this deal!] … and 2) high leverage [low
margin] for USDJPY & XAUUSD at 300 : 1 [there are no commissions charged at
IQCENT] … USDJPY BID/OFFER SPREAD is competitive with Coinexx and other
houses, and falls roughly at ½ PIP or less … XAUUSD bid/offer spread is a few
cents higher than either Coinexx or Simple FX, generally coming in around 25 - 30
cents … quite frankly, myself, “The Syndicate” [starting today!], the Mrs., and of
course the now infamous Miss Gimpy pretty much PRIMARILY trade at IQCENT in
Bitcoin [BTCUSDT] OR OTHER CRYPTO PAIRS like Ethereum or Doge coin … yes,
there are some nice YEN & gold moves, but the advantages of trading BTCUSDT
given the trading conditions are overwhelming!
IQCENT utilizes their own proprietary trading platform, and doesn’t use
MetaTrader [MT4] … however, as good as IQCENT is, it’s charting lacks
functionality offered by MT4, and I find using charting on the MT4, either DEMO
OR LIVE ACCOUNTS, and using the IQCENT platform for order entry is the best
solution going … but ultimately, it’s up to you to find the best solution for your
trading.
The first thing you need to do is find a Bitcoin market that’s traded on the MT4,
that doesn’t have an outrageous, ridiculous bid/offer spread … Coinexx serves
that need perfectly, as their total cost to trade BTCUSD is roughly the same as
Binance, Phemex, & Bybit … and that cost is roughly $35 in the BTC price that
you have to get over to be profitable no matter the size of your trade.
There are 4 indicators you need to use on an m1 chart … 1) volume weighted MA
… 2) TEMA [triple exponential moving average] … 3) HULL MA COLOR … and
4) FISHER TRANSFORM HISTOGRAM … all 4 indicators can be downloaded over
in “Download Links” in the right hand column UNDER “V2 BINARY OPTIONS
MQL4 FILES FOR MT4” … download all 4 if you don’t have them already … these
4 files are in mql4 code format, and so need to be downloaded and placed inside
the MT4 trading platform so you can utilize them.
For those who don’t know how to do this, it’s an EASY PEEZEE simple process
… 1) download the 4 files to your device … 2 on the MT4 platform, go up top to
“TOOLS” > “MetaQuotes Language Editor” and click … 3) inside the editor, go up
top to “FILE” > “OPEN DATA FOLDER” and click … 4) double click the “MQL4”
sub directory, then double click “INDICATORS” … 5) copy & paste the mql4
downloaded indicators in this directory … 6) once completed, exit out of the data
folder, and then close the MT4 trading platform … 7) restart your MT4 platform and
go to “INDICATORS” > “CUSTOM”, and all 4 will be there … 8) click on “Insert” >
“Indicators” > “Custom” and add each to the MT4 m1 chart.
For the volume weighted MA, period MA = 7, and price MA = 4 … for TEMA, EMA
period = 15 … for HULL MA COLOR periodAV = 40 … for FISHER TRANSFORM,
length = 8, pre smooth = 5, smooth = 3 [to disable alerts = false] … choose any
colors and style you want … directly below, the m1 for Bitcoin on the MT4.
When the HULL is “blue”, BTC is in an uptrend and I want to place buy bets ONLY,
and when the HULL is “pink”, I want to place sell bets ONLY … see manual for
algorithm details … the Fisher Transform helps to PINPOINT turning points
[reversal areas] … as well, this chart can help tremendously with regular trading,
and I “split screen” both algorithms [regular on the right, and binary on the left]
… directly below, that screenshot.
I have done this with USDJPY & GOLD [XAUUSD] as well, so I can easily decide if
I want to make a binary buy/sell bet, or trade the spot or CFD market … having
multiple windows in the MT4 platform is easier to navigate than switching platform
charts on the IQCENT PLATFORM … for my personal use, I leave the IQ charts
blank of indicators and simply use the platform for order entry … however, you
figure out what’s best for you and proceed from there.
For a more detailed explanation of what the FISHER TRANSFORM is all about,
directly below a link that explains the indicator.
https://www.investopedia.com/terms/f/fisher-transform.asp
For a more detailed explanation of what the HULL MA is all about, directly below a
link that explains the indicator.
https://school.stockcharts.com/doku.php?id=technical_indicators:hull_moving
Turning to today’s fun filled “Slots-A-Rama” inside the casino … “well now, that
went “swimmingly” didn’t it!?” … I’m ready to go for “The Syndicate” right after
the open in BTC … and Bingo!, Bango!, Boom!, BTC doesn’t waste any time
heading north! … made a few BTC trades, sat back thinking I’ll wait for either a
BTC pullback or wait for China to open and see what gold does … at 3:45 AM I
woke up from my easy trading chair … gold now has an $18 range, and BTC has
done basically nothing … not exactly what I had in mind!
For those new to the blog, a couple of years ago I took some fam members,
friends, and some of my readers from the internet, and informally formed “The
Syndicate”, with the intention of trading Bitcoin … everybody who wanted “in”
put up either $250 or $500 [no more … I’m the only one that can have more] into
the kitty, and we set off to Phemex to trade BTC … at the start of 2022, things
changed in a big way in crypto, and for most of 2022 and up ‘til now in 2023,
trading of BTC for “The Syndicate” hasn’t done anything … from inception, we’re
up about 110% as we start trading BTC again at IQCENT … THE GOAL IS TO HIT
“MILLIONAIREHOOD” for participants … the way I figure it, we’re a year behind
schedule, but given new trading conditions versus old trading conditions, it’s
more than likely worth the wait … but wait no longer! … the yacht is out of the
harbor, and sailing on the bitcoin high seas, to that port where we pick up all the
money, and I distribute it back to participants!! … like I said, it’s informal.
Going forward from today, I’m not adding new participants to “The Syndicate” for
one very simple reason … soon enough, when the account breaks into the top 10
of “copy traders”, everybody and their pet monkeys & rabbits will be able to
“copy trade” my trades on the platform … EASY PEEZEE! … no need for a PAMM.
For the last 5+ hours, gold in about a $4 - $5 range … truly pathetic … inflation
numbers tomorrow at 8:30 AM EST, so the trade most likely backing off positions
to see what the math whiz kids have to say … pretty much every market not doing
much, and it’s a case of “hurry up & wait” once again inside the casino … and
once again, today proves my premise on 2 fronts about mainstream markets
… 1) it’s either bat shit crazy [BSC] or it’s dead, and 2) government manipulators
have far too much influence over markets, specifically where the banks win and
specs lose … and cuz everybody in power throughout the world gets some form
of “skim” from the banks via their offshore prop accounts that front run almost
every order that nobody is supposed to know about, nobody sees, hears, or
speaks a “Hoover Dam” word or changes anything … crypto changes that
dynamic, cuz in crypto trading everybody is on equal footing … “only crooks,
thieves, liars, hypocrites, and scumbags in government hate crypto, and now
you know why!
Again, “Asia flies, the rest of the world dies!”, sums up another trading day
… New York about as pathetic a trading environment as one can expect given
tomorrow’s data avalanche on inflation at the consumer level … on the bright
side, I’m sure typewriter ribbon has fallen in price, so there’s that … and, if you’d
simply stop eating, driving your car, heating or cooling your house, stop
expecting any kind of medical care, and simply let all the kids in your house work
at a sweatshop in Pakistan instead of going to indoctrination classes at what
used to be called “school”, you’d hardly notice the current Communists running
the country into the ground.
A few trades for “The Syndicate” in BTC at IQCENT, and we’re UP
APPROXIMATELY 0.6% … if I hadn’t fallen asleep it woulda, coulda, shoulda been
much higher given the explosion past 30,000 all the way up to almost 30,500
… meanwhile, while I was awake not much was happening in gold except a very
slow crawl higher … I wake up and gold has an ~$18 range … WTF is that!?
… tonight definitely sees more coffee! … no trades for the PAMM today, as
neither gold nor USDJPY is doing Mr. Jack “Diddly” Squat … everything came in
the Asian session into the pre-open of Europe … after that, fugetaboutit! … not
expecting anything in traditional markets tonight as the world awaits tomorrow
morning’s inflation data … but we’ll see what happens regardless … Bitcoin a
much different story … Mrs. Watanabe & Gal Pals, along with all of the
Chuckleheads trading Asia with reckless abandon, will no doubt be ready for
another day of Bitcoin Rock-N-Roll! … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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