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 as
IG 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...
Comments
Not sure what you're talking about.
Performance on website = not accurate
Member count = total count of anyone who has provided an email address, not active clients
Official nadex support = not accurate. NADEX sent them a C&D (which is why they rebranded) and is still actively trying to figure out a way to block them. They are unauthorized and operating illegally.
NADEX is right in what they are doing and it's done to protect themselves and their users. JAS did a good job on their website for this but was completely unprofessional in what they are doing and set themselves, NADEX, and their users up for him.
from the USA but they are participating on an exchange that is regulated by the CFTC and that means all requirements not what you pick and choose.
SP entire business is based on Autotrading and bridges so if he adheres to the rules and started his business first what makes JAS
different? Apex investing adheres to the rules as well so what not JAS. I do wish Nadex would provide open API access to everyone and at no cost because my lord the rest of the world does
this.
Twitter,Google,Amazon etc... and I think that will level the playing field more for all parties. As to the pricing yeah it is tough at times but
That is the nature of trading isn't it really all about spotting flaws in perceived value that someone else does not. Bids and offers are just advertisements and no one has to take any of them if they do not fit.
I agree completely however that fixed prices as offered offshore are more straight forward for the retail trader and also I would like to see mini and micro contracts at Nadex like on Cantor because of what you said LOB. Tons of people may get on Nadex and not understand all the variables that are needed to perform there with binary options. Also mini and micros would let you scale into or out of a trade helping some with the Market Makers edge on the platform. I think 70-90% of the time you are trading against an MM not some random retail trader but I dont know this it just looks like it. NYSE has Binary options only SEC regulated so there has to be a seperate broker and they will offer stocks and ETF's
I hope NYSE expands their binary contracts (ByRD's). There is still so much new in the binary industry that all the exchanges are trying to find what works. Personally I think it needs to move into the more "European" model for it to work long term, but I think that model won't work due to the need for someone to be on the other side of the trade. Offering it with set expiries like NADEX/NYSE is likely the way it will end up.
BTW Nadex has treated all of these signups in a hostile manner especially when the prospective clients start calling/emailing them... Very unprofessional conduct by them I am hearing...
Let me ask dare I a simple phucking question: IF NADEX IS NOT WITH THEM THEN WHY HAVE THE NOT PUBLICLY STATED IN CLEAR LANGUAGE THAT THIS IS NOT AUTHORIZED AND IS ILLEGAL TO USE.
I don't want to see anybody get hurt by this on signing up = denial of monies/executions ect ect in favor of either party to the cost of the Nadexians...
I don't give him credit at all. I really don't. What he is doing is illegal, irresponsible, and dangerous. JAS will be lucky if they escape without a hefty fine. It's one of those things where they think they can't be touched because they aren't in the US, so they will just do whatever they want. It's just all about making a buck.
With the current state of NADEX, anyone who really understands NADEX and how it works knows that this will not work without full NADEX cooperation along with their market makers. Anyone operating on a DEMO account is not fully seeing how it will work on live.
Again, even just the technical implementation is dangerous. It's ghost clicks. It's loading the NADEX site in an iframe and clicking buttons. One change to the UI by NADEX and the entire thing could break, or worse, operate incorrectly. What if a buy button became a sell button? Whoops! Or what if how JAS is checking if an order was submitted no longer works and so it keeps sending? There are so many things that can go wrong with ghost clicking and anyone who has their live account connected with it is taking a big risk.
https://www.youtube.com/watch?v=Rq-KEXoNHdo
2.83-90% sounds great but what is the
ROI per trade on average?
3. I am not a coder my brother is but I think if something changed on Nadex the trade would just most likely fail.
executing a trade is not the hard part. Some people get excited and say wow it done it for me YAY. Automation
needs price discovery to be competitive and execution to be competitive ( not just passive on the traders part )
IMO to do this without API price discovery from the exchange is risky and everyone should no the full ramifications.
The demo on Nadex does not reflect the same prices and liquidity IMO. LOB described this issue in his analogy
( If I am very liberal and call it that LOL ). All market makers think it is hip to be square and this means a flood of
trades on one side without enough interest on the other side at the right time can disrupt the exchange. This will
not reflect in demo but on a real account it has to. NO ONE including the MM wants to be stuck with a ton of losing
tickets at the end of the race. I trade on Nadex but I am not affiliated with them at all and what JAS is doing can
potentially have adverse effects on all participants of the exchange.
I did say it would be out last post on the matter, but I think people need to know the truth, since they aren't getting it from JAS.
1) Your "research and compliance investigation" failed.
2) The fact that you are both the signal provider and the software doing the autotrading is a huge legal/regulatory issue. That's one reason why SignalPush is only the technology and all of our providers are third party contractors.
3) The CFTC/NFA oversees forex... Which I guess you didn't know. But guess what? You aren't trading forex. You're trading swaps. Swaps are regulated by the CFTC. Even NADEX will tell you "out contracts are indeed swaps listed on a commodity exchange and regulated by the CFTC".
4) I want to state again.. The fact that you aren't trading commodities on NADEX has NOTHING to do with ANYTHING. Learn the industry before you try and launch a product that trades peoples accounts.
Next time, please put as much effort into making sure what you're doing is safe, legal, and authorized as you do into designing your website and marketing.
Guy below an obvious hired mouth piece by JAS imo which makes you wonder how many more are there like of him on FB...
Priority for these 100-1,000 positions with the Autotrader in September onwards will be given to users who are actively subscribed to the Manual Signals
The doors are now open for Manual Signals and you are invited to sign up straight away.
I will make an open bet to any takers that they will miss Sept for the autotrader as well as Oct oh and just about every other month for a long time to come lol!!!