EA: Binary Options BB Alert Heiken Ashi
This EA is based on BB Alert Arrows and Heiken Ashi Strategy.
– First, wait for BB Arrow.
– Then, check if Heiken Ashi (Red for SELL and White for BUY)
– Then check MBFX (Orange for SELL and Green for BUY)
But this strategy gives losses sometimes during a retrace against the trend.
So, I’m using an additional indicator: MT4-LevelStop-Reverse-Abiroid to indicate the current trend.
– BB_Alert Arrows
– Heiken Ashi
– MBFX Timing
bool vars which are set based on BB Arrow
bool vars which are set based on Heiken Ashi and MBFX matching BUY/SELL
bool vars set based on current trend derived from MT4-LevelStop-Reverse-Abiroid.
Note that this is a modified indicator based on MT4-LevelStop-Reverse-vB0-4. The original indicator did not have buffer values.
So finally, you can modify this condition based on trial and error:
if(isBuyArrowOn && isTrendUp && isBuySignalOn)
if(isSellArrowOn && isTrendDown && isSellSignalOn)
I have found using all 3 to be the best. You can also try out different arrow indicators. Please let me know which ones are the most successful.
So, I’ll keep updating the strategy.
– Forex Pips Strategy (as explained above)
Set MM_Martingale_RestartLoss to true in the EAs Options – for no martingale.
– Strategy Tester CSV file:
Created here: \tester\files
– Screenshots in case of Loss:
Set TakeLossScreenshot to true in EAs Options.
All the files for the indicators as well as the EA are attached here:Abiroid_Binary_BB_Heiken_EA_v1.0.rar (173 downloads)
This is a simple strategy giving good results for M15 timeframe expiry 1 bar. Best used on the most trending markets for your currency pairs.
Sideways markets give losses because the result could go either way.
I have tried using it for EURUSD pair with some very good results during London session.
But please use with DEMO account first.
Hope you enjoyed reading.