This is for the new AutoTrader from John Anthony which the whole JAS team did a fantastic job from A to Zed on. There will be a giant debate on this and you might not like the answers on this one and I will tell you why. Btw Nadex has hit JAS with a bunch of conditions such one of which is why you are seeing only 1 contract at a time being executed and I am sure they will try to water down the autotrader as much as possible without outright damning it because they want to pickup in traders. But this seems like they are TRADING VS YOU
. Makes the unregulated brokers look like small time criminals and they are organized crime instead. Sure does...
#1 Nadex does not allow autotraders in any form as of yet.
#2 This autotrader will show just how corrupt Nadex is and honestly I feel they are super incompetent and should all be fired, but that is my personal opinion. Never seen a company work so slow and almost look to create bugs in their software as I have Nadex if they were in the business of making bugs would make more sense.
#3 Nadex is not an EXCHANGE
owns them and is nothing more then a broker that has complete control over all your orders/prices accounts ect ect. Even if they had the U.S. government allow them to be recognized as an exchange uhm does that make sense?
4# Nadex are not true Digital Options but rather a Sudo American/European mix of their own design. With this you have to take into effect things such as floors & ceilings/applied volatility/spreads/open interest/price decay ect ect. So if you want to learn the greeks for options well great because if you don't and try to trade them straight you are about to lose a bunch of money and not have a clue as to why you did lol...
5# Nadex is run by a small pool of Market Makers and I believe they have under 5k base of active customers and in real terms likely even less then that so if you bring in even a small fraction of traders all trading the same entries and the market makers have to fill those orders unless make liquidity available they will get PHUCKED
and I don't think Nadex wants their own Market Makers who work for them or are 3rd party contractors in some form to jump out windows because they have to take the other side of JAS trades. In short what you make they will lose to some degree especially if they don't provide the liquidity from the REAL
market. In short the market makers make their money by taking the other side of your orders even though they say they don't lol and if they ever showed you their real books of internal orders vs real market prices you would see this. Doubt you will ever see that haha. Would be like a bank showing you their market depth that they have internally. Not going to happen.
So anyway I really like the Nadex Autotrader or JAX Signal as they just changed the name because you know who is on them rofl.. I swear Nadex could work for big tabacco they are so ___ well you get the idea so feel free to debate this if they will or won't allow the great job by JAS to be used by Nadexians in the very near future lol... Again this is all my own opinion if you disagree with me which I am very sure some will it won't matter because what matters is the P/L and that will never lie Nadex is an EXCHANGE not a broker and does not take the other side of the trade so why would you stop JAS or anybody from having an AUTOTRADER huh? Yeah right! FIre all the people at Nadex! LoL Why would an exchange dictate who can and can't trade? Ask yourself the why part and figure it out...