
EA: Binary Options BB Alert Heiken Ashi
This EA is based on BB Alert Arrows and Heiken Ashi Strategy.
Original 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.
Indicators:
– BB_Alert Arrows
– Heiken Ashi
– MBFX Timing
– MT4-LevelStop-Reverse-Abiroid
Code change:
isBuyArrowOn/isSellArrowOn
bool vars which are set based on BB Arrow
isBuySignalOn/isSellSignalOn
bool vars which are set based on Heiken Ashi and MBFX matching BUY/SELL
isTrendUp/isTrendDown
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:
BUY:
if(isBuyArrowOn && isTrendUp && isBuySignalOn)
SELL:
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.
EA Supports:
– Forex Pips Strategy (as explained above)
– Martingale:
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.
Download:
All the files for the indicators as well as the EA are attached here:
Conclusion:
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.
Hi thanks for the nice article sir, what binary options brokers do you recommend for your EAs?
I am a newbie though but i noticed most brokers on mt4 offer only forex trading…pls i need your help