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1. 5 Min Binary Options Strategy

Table of Contents 1. Introduction This article shows how to build a Binary Options strategy and test it in Strategy-Tester of Metatrader 4 with Binary-Options-Strategy-Tester utility. By default Strategy-Tester of Metatrader 4 can test Expert Advisors and Indicators against historical data, but it cannot handle Binary Options with expire times. As I need a possibility to test Binary Options strategies automated in Strategy-Tester of MetaTrader 4, the Binary-Options-Strategy-Tester was build as a utility to fit those needs. The concept contains the following parts: This is a step by step example how to build a Binary Options strategy stored in an Indicator (marked as red in image above) to communicate through Binary-Options-Strategy-Library (marked as green in image above) with the Binary-Options-Strategy-Tester (marked as blue in image above), to place virtual orders and count their results with backtests and forward tests. Please keep in mind: Backtesting with historical data will never represent the real future, but it might give you an approximate value to get your strategy more stable. The quality of your backtest will depends on your historical data.

Therefore it is strongly recommended to use a set of hight quality data! Installation Download and purchase utility from marketplace: Test-Framework to test Binary Options strategies in Strategy-Tester of MetaTrader 4. Why a purchased version of Binary-Options-Strategy-Tester utility is needed? A Binary-Options strategy has to call a function of the Binary-Options-Strategy-Tester (via Binary-Options-Strategy-Library) to place the virtual trades.

Related to the license concept of MQL4 this only works if the product has a working license. Therefore you have to purchase the product to test Binary Options strategies or this example. Download free and place it in into folder Include ([path to your MetaTrader 4] MQL4 Include): The free library will provide several functions to build your Binary Options strategy easily and to communicate with the Binary-Options-Strategy-Tester. See for more details of the library. Download free indicator and place it (and the compiled KVO.ex4 file) into folder Indicators Downloads ([path to your MetaTrader 4] MQL4 Indicators Downloads): The KVO indicator is used as an example to show the access of external indicators and there ex4 files in section '3.2.6 Use of external Indicators (ex4 files)'.

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See for more details of the indicator. Now you can go further with section '3. Binary options strategy example' and build the example code by yourself or just download the code of this example below. Optional download and place it (and the compiled BinaryOptionsStrategyExample.ex4 file) into folder Indicators ([path to your MetaTrader 4] MQL4 Indicators): Download the code of this Binary Options strategy example to let it run without building it by yourself.

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5 Min Binary Options Strategy

To compile the needed.ex4 files open the.mq4 files (KVO.mq4 and BinaryOptionsStrategyExample.mq4 - NOT Binary-Options-Strategy-Library.mqh) in MetaQuotes Language Editor and click on button 'Compile' or just restart your MetaTrader 4 after these files are stored in the described folders and MetaTrader 4 will do this automatically for you. Binary Options strategy example The following steps will guide you throgh an example how to build an example Binary Options strategy stored in an Indicator to communicate with Binary-Options-Strategy-Tester. You can build it by yourself or just download the code of the. Please note: This strategy is not a profitable Binary Options strategy!