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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)
Fantastic and simple!! Gone are all those 'useless' charting tools!
I have this set to a 5-Minute Chart with 15 Minute Expiries.
I've changed the setting to read the 'wins' 3 Candles out (15-Mins) instead of the Default of 1 Candle (5-Min).
I also only trade (US related charts - mostly EURUSD) at the opening of the US Markets to their 'lunchtime' - so 4 hours of trading.
Go back and check out the ITM ratio!
Be SURE you've changed the expiry setting to '3'. Enjoy!!
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if you need a professional to get your money from BO you can reach out to me.
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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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@doodle, i did, youre right, try changing time, sometimes you get more signals from 1min or 5, sometimes 15
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Please send me: catipicoral@globo.com .... thanks
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How I get this strategy?
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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 .
+1 Reply
blackstorm khan979
@khan979, may i know how you are setting the trader with vdub sniper
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