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5 minute binary options/scalping strategy EA

  • #1
  • First Post: Edited May 25, 2017 6:48pm Nov 27, 2016 9:38am | Edited May 25, 2017 6:48pm
Hello, I am working on a EA based on a strategy developed by Brandon Williams for 5 minute binary options on nadex. I am new to coding in MQL4 so the strategy I built is not that good and might not even follow Brandon strategy as of right now. Therefore, I decided share this strategy hoping we can improve it.

See strategy here

https://vimeo.com/218865665

will share password only if you agree to share results of EA by becoming a tester or coder


newest EA is posted to test out in the thread

Developers/Coders
1. Beerbelly
2. ADance

Testers
1. samirrad
2. charli86
  • #2
  • Nov 27, 2016 10:15am Nov 27, 2016 10:15am
If I am not mistaken, an order for BO must be sent with very specific OrderComment.

Example "BO exp:60" for a 60 minutes expiry.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Nov 27, 2016 10:19am Nov 27, 2016 10:19am
Any screenshots!?
  • #4
  • Nov 27, 2016 10:19am Nov 27, 2016 10:19am
Quoting FerruFx
If I am not mistaken, an order for BO must be sent with very specific OrderComment. Example "BO exp:60" for a 60 minutes expiry.
I am sure you are correct, although when I was coding this system I had in mind scalping since nadex api cost $500 just to access I mainly was looking for alerts when to buy sell and testing it in strategy tester for scalping using ordersend.
  • #5
  • Nov 27, 2016 10:20am Nov 27, 2016 10:20am
Quoting forexpairs
{quote} I am sure you are correct, although when I was coding this system I had in mind scalping since nadex api cost $500 just to access I mainly was looking for alerts when to buy sell and testing it in strategy tester for scalping using ordersend.
Oh I see
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • Nov 27, 2016 10:46am Nov 27, 2016 10:46am
Quoting tillionaire
Any screenshots!?
Would you like screenshots of the indicators or strategy tester? My setup is exactly the same as Brandon Williams in the video.

Here is what is looks like right now on M1 EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 68 KB
  • #7
  • Nov 27, 2016 11:52am Nov 27, 2016 11:52am
so after some more testing I managed to get the profit factor to .52 still horrible though lol

I really had to play around and figure things out since the I understand the strategy but no so much the coding side

Also not sure how to stop double trades, like it triggers two sell or buy trades at once which can be bad
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 76 KB
  • #8
  • Nov 27, 2016 12:15pm Nov 27, 2016 12:15pm
example of how system works on nadex

Inserted Video
  • #9
  • Nov 27, 2016 12:32pm Nov 27, 2016 12:32pm
Quoting forexpairs
{quote} Would you like screenshots of the indicators or strategy tester? My setup is exactly the same as Brandon Williams in the video. Here is what is looks like right now on M1 EURUSD {image}
Thanks man that looks good! I have a few ideas I will contribute soon to improve the template's simplicity.
  • #10
  • Nov 27, 2016 12:33pm Nov 27, 2016 12:33pm
Quoting forexpairs
so after some more testing I managed to get the profit factor to .52 still horrible though lol I really had to play around and figure things out since the I understand the strategy but no so much the coding side Also not sure how to stop double trades, like it triggers two sell or buy trades at once which can be bad {image}
We definetely need to for sure find a way to improve the Total Trades profit % if you want this EA to go any further in any way...
  • #11
  • Nov 27, 2016 12:36pm Nov 27, 2016 12:36pm
Quoting tillionaire
{quote}Thanks man that looks good! I have a few ideas I will contribute soon to improve the template's simplicity.
No problem, thanks for helping

Quoting tillionaire
{quote} We definetely need to for sure find a way to improve the Total Trades profit % if you want this EA to go any further in any way...
yeah definitely, like I said im a newbie to MQL4 coding so im sure my code is horrible and doesnt even follow the strategy correctly. It can use alot of improvement, thanks for helping out though.
  • #12
  • Nov 27, 2016 12:39pm Nov 27, 2016 12:39pm
Forgot to include the template which is just the indicators on the screen but here it is if anyone wants it
Attached File(s)
File Type: tpl rsiadx.tpl   1 KB | 793 downloads
  • #13
  • Nov 27, 2016 3:15pm Nov 27, 2016 3:15pm
Also any type of feedback is appreciated, does not have to be coding related.

I think this system has potential as you can see here, automating it would just take it to the next level

Inserted Video
  • #14
  • Nov 27, 2016 5:46pm Nov 27, 2016 5:46pm
I notice in alot of these systems doubling your account in a year is seen as good

yet over here we can 10x your account in a week and more

Alot of the systems are geared toward large initial capital which is why they are not good for small account growth

Inserted Video
  • #15
  • Nov 27, 2016 11:39pm Nov 27, 2016 11:39pm
Its a new day, time to get motivated!

Inserted Video
  • #16
  • Jan 4, 2017 3:36am Jan 4, 2017 3:36am
Quoting forexpairs
Hello, I am working on a EA based on a strategy developed by Brandon Williams for 5 minute binary options on nadex. I am new to coding in MQL4 so the strategy I built is not that good and might not even follow Brandon strategy as of right now. Therefore, I decided share this strategy hoping we can improve it. The video explaining Brandon Williams 5 minute startegy is linked here (for some reason I cannot upload wmv files). http://sendvid.com/mnu78pag If you cant access it let me know and I will try to upload a mp4. My newbie attempt at...
why are you doing nadex when theres all the mt4 with bo broker
  • #17
  • Apr 25, 2017 6:11pm Apr 25, 2017 6:11pm
Quoting vasalahaimer
{quote} why are you doing nadex when theres all the mt4 with bo broker
system can be used on any BO broker
  • #18
  • Apr 26, 2017 2:21pm Apr 26, 2017 2:21pm
Nice EA. Do you have any other development you are trying right now?
  • #19
  • Apr 29, 2017 8:39am Apr 29, 2017 8:39am
Quoting kellygee
Nice EA. Do you have any other development you are trying right now?
I started updating the ea again, if anyone wants to contribute they are more than welcome too as I posted the source code
  • #20
  • May 15, 2017 12:36am May 15, 2017 12:36am
Quoting forexpairs
{quote} I started updating the ea again, if anyone wants to contribute they are more than welcome too as I posted the source code
thanks for posting i wonder if your still working to update. I am using it for AUDUSD
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