First day of paper trading on my binary options algo
u/Alert_Attention_5905 ·
Reddit — r/algotrading
· July 06, 2026 at 19:12
· ⬆ 20 pts
· 💬 38 comments
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AI Summary
Summary
A retail trader shares early paper-trading results of a binary options algorithm on an OTC 24/7 market, turning $100 into $1053 with flat $3 risk per trade.
The author claims the algo behaves identically in paper, backtest, and live $1 trades, with ~40ms latency, and is optimistic about future profitability.
Quality assessment: Speculation — no verifiable data, backtest details, or independent validation; the OTC binary options market is opaque and non-standard, making the DD unactionable for traditional investors.
Score20
Comments38
Upvote %67%
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Starting at 3% risk is definitely more than I would be risking if I wasn't paper trading, but turning $100 into $1053 with a flat $3 risk per trade (no scaling) is insane.
This is all on one OTC market that's open 24/7. There is no spread. Trade expiry-times range from 30s to 5m.
Between live $1 trades I've tested, paper trades, and backtesting, it trades identically. When it's not paper trading, the latency between an inputted tick and actual trade entry is ~40ms, but paper trading simulates the latency. It's pretty spot-on when taking real trades. Hopefully it maintains these metrics in the days to come. It would be my first profitable algo. It took me around 3 weeks to build it to this point.