Ea For Binary Options Trading
This EA is based on the Xtreme Binary Robot Strategy. It is similar to the original strategy with some modifications. Original Strategy: – First of all, wait for price to cross Upper or Lower Channels – If yes then wait for a BUY/SELL arrow – Finally, wait for strong WAExplosion (Red for SELL and Green for BUY) Indicators: – Regression_MT4_V2 for Channels – Either of these arrow indicators: xtreme_binary_robot_ultimate_edition OR LabTrend1_v2 OR 3_Level_ZZ_Semafor (For Arrow Signal) – Either of these: WAExplosion OR iStochastic OR MT4-LevelStop-Reverse (For verification) I have found that xtreme_binary_robot_ultimate_edition indicator massively repaints. Even after current candle closes. So, I have tried other arrow indicators like: LabTrend1_v2 and 3_Level_ZZ_Semafor.
The beauty of this EA is that you can fit any of your favorite arrow indicators. 
Test it out in strategy tester and know which ones are most profitable. How the EA works: – Checks if the price crosses the Regression Channels shown by Regression_MT4_V2 indicator – Then waits for an arrow from one of the Arrow Indicators (your choosing) – Then, if you want, it will verify if its a good signal using WAExplosion or iStochastic or MT4-LevelStop-Reverse Trend Indicator Code Modification: Regression_MT4_Abiroid: Code Problem: The Regression_MT4_V2 indicator does not have any buffer values for it’s channels. It just draws Objects using Trend Lines. So, I have modified it’s code: Regression_MT4_V2_Abiroid.
Building your own binary options trading robot is now possible for all traders, all thanks to EA Builder. The EAs (Expert Advisors) you create using this service can be used on MT4, MT5 and TradeStation platforms. Trading Forex, Binary Options - high level of risk. Please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction.
It now has buffers for all Channels for existing candles. And for future candles it will continue to draw Objects. You can use the Upper and Lower Channels or modify code to use inner or outer channels here.
//sellArrow = iCustom(NULL, 0, '3_Level_ZZ_Semafor', 5, 1); If you are using your own arrow indicator, please be sure to use the correct buffer number for BUY/SELL arrows. Verification: 1. WAExplosion: It shows the strength of a trend. You can use my custom function isWAExplosion(OP_BUY, 1) to check if BUY Trend is good or not and only then do a BUY and same for SELL using OP_SELL.
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To make sure that WA Explosion is strong, isWAExplosion checks for minimum “Point * 150” value. If you want you can change this value.
Keeping it higher means it will wait for a good high explosion. But keeping it too high will make you miss signals. And it might also be near a reversal. Stochastic: Similarly, use isStochasticSafeTrade to check if Trading is Safe. binary option trading no minimum Stochastic Indicator can check for S/R Area, High Risk Areas, etc. MT4-LevelStop-Reverse: You can use this indicator to detect current Trend.
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Original MT4-LevelStop-Reverse indicator didn’t have buffer values either. So I have modified it: MT4-LevelStop-Reverse_Abiroid. Use this function: isSafeTrend(OP_BUY) or isSafeTrend(OP_SELL) to check if current trend is for BUY or SELL. In Conclusion: Arrow Indicator: Main Signal for BUY/SELL Regression Channel: Supporting Signal for approving BUY/SELL Verification Indicators: Indicators which show if it’s Safe to Trade Code for Original Strategy: BUY. If ( isSellSignalOn && isSellArrowOn && isTrendDown && TradesCount ( OP_SELL ) == 0 ) { Use it with M15, for 1 bar expiry. But you can fine-tune it using different Arrow Indicators, Channel Indicators and verification code.
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Downloads: Just remember, this EA will only be as strong as the Arrow indicator you choose. Please write to us for any suggestions to make this EA better. Also, which timeframes and which pairs you try it with. Please try it on your DEMO account because it is still a work in progress. I’m still working on making it better 🙂.