Binary Betting/Options using Midas Touch MM

This is a discussion on Binary Betting/Options using Midas Touch MM within the Fixed Odds & Binary Betting forums, part of the Markets category; I've been 5m binary betting for a while on William Hill day trader with some great success using Bruce Irwin's ...

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Old Jul 17, 2012, 2:01pm   #1
 
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Binary Betting/Options using Midas Touch MM

I've been 5m binary betting for a while on William Hill day trader with some great success using Bruce Irwin's Midas Touch money management system (originally for roulette/even bet games). I do an approx £20 target sequence at a time (approx 5, 10, 5) with a £2,000 account to cover drawdown and I have been doing 4 or 5 sequences a day on the FTSE trading off support/resistance on small timeframe chart.

This method has always worked for me on evens casino games, providing the target sequence isn't too high and the bank roll is high enough to cover drawdown when a big sequence has mounted up......and the patience (and courage) is there to see is through

Now, obviously there is a problem with this system on binary betting (the same problem that arrises when using this method on Baccarrat on the Banker due to commission) the odds/spread obviously make the make bet not a 100% even return on a win but close. This isn't really a problem if the sequence can be completed quickly as there may be a £1 or so lost in the sequence (£18/19 which is close enough to the target) but if a big sequence has built up then once the sequence has finally finished the account balance could be less than it was when this particular sequence was started.

I'm wanting to know if any binary experts out there know of any TRUSTED companies/providers that offer complete even bets or tighter spreads/better odds so there is a way to reduce or eliminate this problem.

I find because the markets are possible to predict (some times to a degree, obviously not always) then the big sequences don't tend to build up as high as they do on roulette (obviously as you have NO way of knowing what colour is going to come up).

If there is no way to reduce this problem then should I just continue with it as i'm having some good success, but when big sequence does come up and it takes a chunk of my balance away should I just put it down to a loss and move on (much the same as what happens when doing 'proper' trading)?

Thanks in advance to any binary experts that read/reply.
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Old Jul 17, 2012, 2:05pm   #2
 
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Re: Binary Betting/Options using Midas Touch MM

Quote:
Originally Posted by Southwallholdingsltd View Post
I've been 5m binary betting for a while on William Hill day trader with some great success using Bruce Irwin's Midas Touch money management system (originally for roulette/even bet games). I do an approx £20 target sequence at a time (approx 5, 10, 5) with a £2,000 account to cover drawdown and I have been doing 4 or 5 sequences a day on the FTSE trading off support/resistance on small timeframe chart.

This method has always worked for me on evens casino games, providing the target sequence isn't too high and the bank roll is high enough to cover drawdown when a big sequence has mounted up......and the patience (and courage) is there to see is through

Now, obviously there is a problem with this system on binary betting (the same problem that arrises when using this method on Baccarrat on the Banker due to commission) the odds/spread obviously make the make bet not a 100% even return on a win but close. This isn't really a problem if the sequence can be completed quickly as there may be a £1 or so lost in the sequence (£18/19 which is close enough to the target) but if a big sequence has built up then once the sequence has finally finished the account balance could be less than it was when this particular sequence was started.

I'm wanting to know if any binary experts out there know of any TRUSTED companies/providers that offer complete even bets or tighter spreads/better odds so there is a way to reduce or eliminate this problem.

I find because the markets are possible to predict (some times to a degree, obviously not always) then the big sequences don't tend to build up as high as they do on roulette (obviously as you have NO way of knowing what colour is going to come up).

If there is no way to reduce this problem then should I just continue with it as i'm having some good success, but when big sequence does come up and it takes a chunk of my balance away should I just put it down to a loss and move on (much the same as what happens when doing 'proper' trading)?

Thanks in advance to any binary experts that read/reply.
why havent hills barred you or reduced stakes yet

gft offer binaries on ftse
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Last edited by Lord Flasheart; Jul 17, 2012 at 2:16pm. Reason: g
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Old Jul 17, 2012, 2:21pm   #3
 
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Re: Binary Betting/Options using Midas Touch MM

Southwallholdingsltd started this thread Hi, I don't know, I've been using this method on the financials for just under a couple of months, some weeks everyday, or some just a couple of days a week. but I've been using the method on their live casinos for year every now and again and I've never had any limits put on me or contact from them about it. I guess my target isn't really that high or greedy perhaps.....as I'm confident I could this at a much higher level but obviously it's risky. might run into problems with them doing it x10 the level a day.......still might at my current level judging from the sound of your surprise....hopefully not though.
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Old Jul 17, 2012, 2:24pm   #4
 
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Re: Binary Betting/Options using Midas Touch MM

can you explain in more detail what your staking plan for the casino is.I just dont understand how it can work,your sure to have long losing runs,thanks
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Old Jul 17, 2012, 2:29pm   #5
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Re: Binary Betting/Options using Midas Touch MM

@Lord Flashheart.... I have seen you on a few threads on here over the years, I am an avid binaries fan and have been through the same old troubles that everyone has re- withdrawals and cypriot platforms.

I saw your post about GFT and I have used them as well as IG a few times.... I have found a recently launched London outfit that I can not talk highly enough of.... Have you heard or got any feedback about PYXmarkets that might be of use.

I have mentioned this platform on these threads a few times but havent had feedback from other traders as yet.... Thought you may be able to help.
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Old Jul 17, 2012, 2:32pm   #6
 
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Re: Binary Betting/Options using Midas Touch MM

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Originally Posted by LosPinos View Post
@Lord Flashheart.... I have seen you on a few threads on here over the years, I am an avid binaries fan and have been through the same old troubles that everyone has re- withdrawals and cypriot platforms.

I saw your post about GFT and I have used them as well as IG a few times.... I have found a recently launched London outfit that I can not talk highly enough of.... Have you heard or got any feedback about PYXmarkets that might be of use.

I have mentioned this platform on these threads a few times but havent had feedback from other traders as yet.... Thought you may be able to help.
i dont know anything about them and Ive not heard anything,but ill have a look.what timeframes do they offer and what are the spreads.You cant see their prices without a demo account.They are fsa regulated which is a start
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If you are serious about trading then you need to look at this link

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Last edited by Lord Flasheart; Jul 17, 2012 at 2:35pm. Reason: h
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Old Jul 17, 2012, 2:56pm   #7
 
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Re: Binary Betting/Options using Midas Touch MM

Southwallholdingsltd started this thread
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Originally Posted by Lord Flasheart View Post
can you explain in more detail what your staking plan for the casino is.I just dont understand how it can work,your sure to have long losing runs,thanks
When using this for roulette i don't use a target sequence as high as £20, it's very small, £5 usually, or £10 sometimes, again with a couple of grand account....and just do 3 or 4 sequences in a day/session.

Sequence usually is £2, £1, £2, always bet on the colour that won last to try and capitalise on a run, start with the first number in the sequence, after a win cross it out then bet the next one and last one in the sequence combined, if it's a loss write down what you just bet at the end of the sequence and then start again just betting the first one in the sequence.

This isn't a get rich quick scheme (i use other roulette systems if I need quick money, obviously with more risk of course), this one is a lot of work and time. It has always worked for me, you get ones that work straight away, sometimes it can take a long time and the bets can mount up to a lot so they need to be halved. The longest it's taken me to complete a sequence is about 2 hours or so and the drawdown was hundreds and bets were in their hundreds....but it did work in the end.

Obviously I'm not saying its going to always work, maybe i've just been luckily (or crazy putting down hundred and hundred to win £5) but that's why I'm wanting to try and incorporate it in a way of trading as there is some degree of control, ideally i've wanted to find a way to use this type of MM with proper trading, not just binary betting, but I haven't really been able to, certainly without it needing a lot of money.
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