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 Post subject: Re: Binary Options Robot
PostPosted: Wed Aug 06, 2014 5:25 am 
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Joined: Fri Mar 11, 2011 7:50 am
Posts: 40
Another testing.

http://www.mql5.com/en/charts/2209136/e ... ty-markets

What to do with the Binary Options robot to do?

by Martina


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 Post subject: Re: Binary Options Robot
PostPosted: Wed Aug 06, 2014 8:22 pm 
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Joined: Fri Oct 16, 2009 3:40 pm
Posts: 451
It seems that your broker created a new symbol for binary. So their implementation was creating a new symbol to simulate binary. Thus eas for that broker will have some restrictions on the way one trade. They use mql language and restrict the language to simulate binary. In the image you posted I see that the volume you use is not accepted so the lot size must match the way you trade binary.
You need to ask your broker this:
-can I use normal eas with the binary options?
If yes, can I get an example? what are the restrictions about lot size? how do I set expiration?
-how can I backtest the ea?
-Post a screenshot showing when you trade binary.


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 Post subject: Re: Binary Options Robot
PostPosted: Thu Aug 07, 2014 12:03 am 
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Joined: Fri Mar 11, 2011 7:50 am
Posts: 40
I got the answers to these questions:

At this time we allow Expert Advisors (EAs) for Binary Options trading, however, be advised we do not provide programming support or code.

Our Binary Options Trading hours are from 00:00 GMT Sunday through 19:00 GMT Friday with a daily close in between 21:00 GMT and 00:00 GMT. Binary Options trading may also be limited during major economic news events.

Please note that our system is sensitive to market volatility. The instrument you wish to trade needs to have at least 7 ticks per minute in order for it to be available for trading, if it does not meet this criteria then the option becomes unavailable and will display a "Trade Disabled" message.

How to proceed?


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 Post subject: Re: Binary Options Robot
PostPosted: Thu Aug 07, 2014 3:33 pm 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
We need the answers for this:
-can I get an example? what are the restrictions about lot size? how do I set expiration?
-how can I backtest the ea?
-Post a screenshot showing when you trade binary.


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 Post subject: Re: Binary Options Robot
PostPosted: Thu Aug 07, 2014 10:29 pm 
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Joined: Fri Mar 11, 2011 7:50 am
Posts: 40
On the platform, I can see that the minimum transaction size is: 5

Expiry: 60 sec, 05 min, 10 min, 15 min, 30 min, 1 h, 00 min (60 min).

I've also done manually, Binary Options, and have seen the same thing: Sell, Buy

Here another picture of manual trading:
http://www.mql5.com/en/charts/2216622/e ... ty-markets

Here a picture of how I put the platform Molanis EA ratio of private and less open-hand (manual) transaction (Sell):
http://www.mql5.com/en/charts/2216632/e ... ty-markets

Here are the image manually from trading:
http://www.mql5.com/en/charts/2216719/e ... ty-markets

I tried to test the robot Molanis, I think is missing Expiry Time.
Here the picture:
http://www.mql5.com/en/charts/2216924/e ... ty-markets

I asked all of your questions Broker.
Such is the Broker answer to your questions:

As previously stated on our email, we allow Expert Advisors (EAs) for Binary Options trading, however, we do not provide programming support or sample code.

How to proceed now?


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 Post subject: Re: Binary Options Robot
PostPosted: Fri Aug 08, 2014 8:00 am 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
The mql language does not have commands for trading binary. As I said before the broker is using a trick to allow binary trading but it has many restrictions. In mql you cannot send an order to trade at market with an expiration so normal eas will not work unless they tell you how to do it. The only mql command that uses expiration is a pending order but it is not executed right away. We cannot help you unless they tell you how to set expiration.
Your backtesting is bad because you do not have all data or the data in different timeframes is not matching (you have 2 different prices at the same time in different timeframes) this is why you get the unmatched data error. Google that error and you will find how to fix it.


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 Post subject: Re: Binary Options Robot
PostPosted: Fri Aug 08, 2014 1:31 pm 
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Joined: Fri Mar 11, 2011 7:50 am
Posts: 40
Does this link might be useful?

This way, I found my Broker.

http://www.tradetoolsfx.com/products/

Letters to the previous pictures show, also purported that Binary Options are the same design.


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 Post subject: Re: Binary Options Robot
PostPosted: Fri Aug 08, 2014 8:24 pm 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
Not really. It just show how to enable mt4 for binary. You install a plugin that adds some windows to trade and helps managing pairs that end on bo as EURUSDbo. As you can see this is not provided by MetaQuotes the mt4 owner this is why mql does not have the right code for that. If you do not get an answer from your broker or examples we cannot help you.


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 Post subject: Re: Binary Options Robot
PostPosted: Fri Aug 08, 2014 10:32 pm 
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Joined: Fri Mar 11, 2011 7:50 am
Posts: 40
But whether it is possible to test it, by trying to find out?


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 Post subject: Re: Binary Options Robot
PostPosted: Mon Aug 11, 2014 10:27 am 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
Unfortunately If we do not get answers from the broker we cannot help


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