Binary Option Strategy Tester with Martingale-Basic V.2

Trading Scripts and Strategies
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In Binary options, strategy testing is a bit different (Binary option traded in IQ Option or other similar Platform). The strategy result depends upon expiry intervals and payout ratio.

My previous script was a try to resolve this but has some bugs in specific choices. The new version overcame those and added some new features useful for binary option strategy testing.

Assumption:

  • We are opening position at next candle after signal come
  • Chart interval is option expiry time.
  • We are taking the position at opening price
  • Our call will be profitable if we get a green candle and put will be profitable if we get a red candle
  • We can open only one trade at a time. So if we are in trade, subsequent signals will be ignored.

All Input Options:

  • Test Call/Put individually or both. Default BOTH
  • Select up to 5 Martingale levels. Default 2
  • Type of Martingale Trade. Default “SAME”

“SAME”: If you are trading CALL and incur a loss, you are taking CALL in subsequent Martingale levels.

“OPSITE”: if you are trading CALL and incur a loss, you are taking PUT in subsequent Martingale levels.

“FOLLOW CANDLE COLOR”: You are following candle color in Martingale levels, i.e if the loss candle is RED, you are taking PUT in subsequent candles.

“OPPOSITE CANDLE COLOR”: You are taking opposite candle color trade, i.e if the loss candle is RED, you are taking CALL in subsequent candle.

  • Select Specific Trading Session. Please select “USE SPECIFIC SESSION”. Default: TRUE
  • Put the investment amount per option. Default: 10
  • Payout ratio. Default: 80%

The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus). I have deleted extra parts and kept only the necessary parts.

Result Table

Signal and Win Levels:

Binary Option Win Levels

Signal and Loss:

Binary Option Strategy Signals

You can use the actual script from TradingView. Please follow us to stay updated.

Binary Option Strategy Tester with Martingale-Basic V.2 by tanayroy on TradingView.com






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