tmc

Binary Option Arrows (example) [TheMightyChicken]

An example of binary option arrows for candlestick patterns bearish and bullish harami. With results as colored background and an option to choose your expiration (one candle by default). It's just an example for those who has their own strategy and wants to make nice arrows in their chart. All you need to do is rewrite piece of script in lines 9:13 - feel free to ask me for any help, but I believe it's all clear.

Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.

I wish happy and successful trading! ;)
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// Made by TheMightyChicken
// An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE)
// Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32)
// Expiration set to 1 candle by default.
study(shorttitle="BOA", title="Binary Options Arrows (example) [TheMightyChicken]", overlay=true)
// Inputs
E = input(1, minval=1, title="Expiry")
// Calculations
Bearish_harami = (close[1] > open[1] and open > close and open <= close[1] and open[1] <= close and open - close < close[1] - open[1] and open[5] < open)
Bullish_harami = (open[1] > close[1] and close > open and close <= open[1] and close[1] <= open and close - open < open[1] - close[1] and open[5] > open)
// Setups
CALL = Bullish_harami == 1
PUT = Bearish_harami == 1
ARROW = CALL - PUT
plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10)
// Results
WIN = (CALL[E]==1 and close[E]<close) or (PUT[E]==1 and close[E]>close)
LOSE = (CALL[E]==1 and close[E]>=close) or (PUT[E]==1 and close[E]<=close)
bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
I want one for bollinger band exits on condition and another notification if the next candle opens outside of the channel with arrows. Unfortunately I know nothing about coding...
+2 Reply
I think I've seen this somewhere but can't remember - if you search around you might find it.
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This is great. I'm trying to learn Pine Script but will take a while. I was wondering if this could be applied to Lazy Bear's Wave Trend Oscillator?
+7 Reply
can be this converted to mt4? thank you
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Hi , i notice the hit rate is considerably low in this strategy though
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KingWilliamIV PRO Exchangstudent
@Exchangstudent, If the hit rate is CONSIDERABLY low (for example; win 20% and lose 80%), then all you do is reverse the indicator. which will result in 80% wins and 20% losses.
+2 Reply
danielmadrawski KingWilliamIV
@KingWilliamIV, and what do you mean by that? buying when it says "sell" and opposite?
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KingWilliamIV PRO danielmadrawski
@danielmadrawski, Yes, and only if the hit rate is considerably low.
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Hey TMC. Great tool, could you elaborate more on how I could configure this for a 5 min or 10 min trade. Thnx.
Reply
// Made by TheMightyChicken
// An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE)
// Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32)
// Expiration set to 1 candle by default.
study(shorttitle="BOA", title="Binary Options Arrows (example) ", overlay=true)
// Inputs
E = input(1, minval=1, title="Expiry")
// Calculations
Bearish_harami = (close > open and open > close and open <= close and open <= close and open - close < close - open and open < open)
Bullish_harami = (open > close and close > open and close <= open and close <= open and close - open < open - close and open > open)
// Setups
CALL = Bullish_harami == 1
PUT = Bearish_harami == 1
ARROW = CALL - PUT
plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10)
// Results
WIN = (CALL==1 and close<close) or (PUT==1 and close>close)
LOSE = (CALL==1 and close>=close) or (PUT==1 and close<=close)
bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
+3 Reply
I really dont know how to thank you friend for the videos which teach and guide the struggling traders a new life you have given a new life to a dead trader and a failure in business I have been using the Vdub FX SniperVX v1 and its working great on demo very shortly I will reenter live trading with a new account using your teachings and i know for sure I will be a great winner .I have downloaded your videos and also given your link to some other struggling traders past 1 year to make it big hope the make it big .I gave your video to a 75 years old trader from Sweden struggling on demo with failure By God he was so happy and replied Abbas your method works for the first time i won 4 trades in a row I feel very very happy for him and because of you its was possible . May God all ways keep you happy healthy wealthy for many years to come and teach us and other struggling traders like me others . Aameen aameen.
Hi Abbas. The first two WIN did I take due Tradingview, the second two due my own 60 sec. system https://www.mql5.com/en/charts/6601232/usdjpy-bo-m5-go-markets-pty His name Mr Hubertus .
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blackstorm khan979
@khan979, may i know how you are setting the trader with vdub sniper
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Deshan03 khan979
@khan979, how can I get this
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How I get this strategy?
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Please send me: catipicoral@globo.com .... thanks
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Has anyone tried this using heiken ashi candles. It looks like less signals but a much higher hit rate.
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