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