Option Bot - New Version

[ezrydn]

There's a new version of Option Bot on their site, ready to download. Avast doesn't like it but it's from a trusted source. Just turn your Avast shields off while you unpack and install. The major change is that the setting is now in PIPS, instead of the "0.030" setting.

I wouldn't have known about this if they hadn't sent me a URL of a customer showing how he uses it.

 

[ezrydn]

And, it's giving correct signals again!

 

[ezrydn]

Are you using the correct method with Option Bot?

I'm finding that many are leaving out an important "verifier" step. Let's look at it again"

1. You have Option Bot installed, along with Broker(s).
2. I mainly trade GBPJPY due to 85% return so I pull up that pair in the window and wait for the alert.
3. On the new Option Bot, I'm using 0.003 setting.
4. Upon alert, I FIRST bring up GBPJPY in OB's "Chart" tab. (switch between any pair and return for fresh chart). Consider if it's up or down.
5. NOW, set High/Low and enter trade.

Many aren't using Step 4 for some reason. While it may contradict the alert, I go with the chart. If Chart AND Alert say the same thing, I'd suggest you up your trade amount.

Enjoy your trading!

 

[excelnet]

Are you using the correct method with Option Bot?

I'm finding that many are leaving out an important "verifier" step. Let's look at it again"

1. You have Option Bot installed, along with Broker(s).
2. I mainly trade GBPJPY due to 85% return so I pull up that pair in the window and wait for the alert.
3. On the new Option Bot, I'm using 0.003 setting.
4. Upon alert, I FIRST bring up GBPJPY in OB's "Chart" tab. (switch between any pair and return for fresh chart). Consider if it's up or down.
5. NOW, set High/Low and enter trade.

Many aren't using Step 4 for some reason. While it may contradict the alert, I go with the chart. If Chart AND Alert say the same thing, I'd suggest you up your trade amount.

Enjoy your trading!

When trading GPB/JPY, after it appears in the software, typically how long of an expiry time should be setup on the pair? Strike just before the end of the next time expiry? Or once the signal is given?

Also, when trading on the actual direction of the trend from the OB chart how many vertical lines on the chart graph constitute an upward/downward trend? One, two, or a complete left to right visual trend line?

Thanks!

 

[ezrydn]

Expiry times are preset by the brokers, usually 15 min. I usually don't activate a trade with more than 2 min to wait. Strike time depends on "advantage." By "advantage," I'm meaning marker travel distance. If it's headed up, let it go if you're thinking of trading down. Distance is your ally. Plus, I have an MT4 chart open so I can see what color candle I'm finally working with.

You sort of lost me with your second question. We normally trade AGAINST the trend with OB. When I view the Chart Tab, I'm only looking to see if chart price is headed in the direction of the suggested alert. Nothing more. I only look to see if the last segment of the price line is headed up or down, to verify alert.