Binary options

[EAbaer]

Hello!

1. How can i place orders for binary options?

2. How can i use Martingale with binary options if the last binary option ended in loss?

Thank you.

[fxDreema]

In Buy now/Sell now blocks you can find Expiration settings - use them. Also disable SL and TP. The EA should then work properly. Or if it can't create a trade, tell me more about your broker

Martingale should work, I think.

[Anselem]

@fxDreema

Hi guys, just want to find out which brokers accept mt4 ea's...??

Thanks

[EAbaer]

Thank you very much, fxDreema.

How can i do martingale with binary options?

I will place the EA on different markets and the martingale should work over all markets. Is this possible?

Example: Trade at 02.00 at EURUSDbo get into loss (0.10 Lot)
Trade at 02.30 at GBPJPYbo should be open with 0.20 Lot
and so on

Thank you!

[fxDreema]

Well, the way Martingale works is like this. Let's say that "Buy now" runs and Martingale is selected. The block knows the Market and the Group, both are options for the block. So it looks at the latest trade that has the same Market (or Symbol) and Group number (relates to the Magic Number) and based on its profit calculates the next profit.

Let's forget about the Group number. I'm afraid that the job cannot be done because of the Market name. At least with the option in "Money Management"

So, what can be done... You can load the trade from which you want to get the lot size with "For each Trade" and then use its lot size in "Buy now". But the profit must be checked as well, so I think that the lot size should be first put into a Variable and then used in "Buy now". Not very elegant way to do something that sounds simple, I guess

[EAbaer]

Thank you very much for your answer.
Is it possible to do martingale global for all EAs (1 EA per market)?

Example:

1. 03.00 --> Binary options trade is opened because of indicator for EURUSD, 10 min with 0,10 lot
2. 03.10 --> Binary options trade is in loss (1.)
3. 04.05 --> Binary options trade is opened because of Indicator for GBPJPY, 10 min but now with 0,20 lot (cause trade 1 from 03.00 uhr ended in loss)

Martingale should be reset after winner or after 4 losses.

Or did you mean this? Is it possible that you could get an example? This would be VERY nice!!

Thank you in advice!

[fxDreema]

Again, for the option in Buy now/Sell now blocks the symbol of the trades are imporant. So you will not have success trying to mix lot sizes from different symbols. This is how I made it. You can try, but I think that it will not work.

The only thing that is different in EA for Forex and EA for BO is that the EA for BO sends the trades with special string in the Comment of the trade. Everything else is the same in the code. That's why in my answers I don't even mention BO, I talk in general.

[EAbaer]

Thank you very much for your answer!
I would like to try it May you please help me? How could i try it? I have no idea and i found no example.

Why do you think this will not work? I would use as a first Block "no trade". I think a problem could be if two EAs on different markets will open a trade at (nearly) the same time. How can i try?

Thank you VERY much for your help.

[EAbaer]

Coul you please help me? Thank you very much!!

[fxDreema]

I don't have experience with BO even with one EA. I told you how the EA works - it places the trade by the rules of the BO broker, which means that some information is added to the Comment attrubute of the trade request. MetaTrader is not BO oriented naturally, that's why they are using the Comment as some kind of hack. What happen after that... I don't know, but all the other blocks have the same code as if the EA is made for Forex. Only Buy now/Sell now blocks have small difference (that the trade is sent with special comment)