This is a script for testing binary options trading strategies. To test a strategy, modify the 'go_down' or 'go_up' booleans. These SHOULD NOT access any current values (for example, 'ohlc4' or 'close[0]'), or the backtesting will not be an accurate representation of the forward values.
Modify the fraction_return input to be the return rate of the option on success. This is assumed to be a true 100 or 0 option- i.e. if the choice is not correct, there is a 100% loss.
The strategy in place is merely an example, and as you can see, has a very negative rate of return when implemented as a strategy.
Please comment in your code if you use this in any future posts. Thanks!
All tie cases were being counted as losses. This changes it so that they are not counted at all (i.e. you would get your money back, as is the behaviour of many binary options services)
val_win = go_down ? ((open[0] > close[0]) ? (val_win[1] + 1) : (val_win[1])) : (go_up ? ((open[0] < close[0]) ? (val_win[1] + 1) : (val_win[1])) : (nz(val_win[1]) + 0))
val_lose = go_down ? ((open[0] < close[0]) ? (val_lose[1] + 1) : (val_lose[1])) : (go_up ? ((open[0] > close[0]) ? (val_lose[1] + 1) : (val_lose[1])) : (nz(val_lose[1]) + 0))
All tie cases were being counted as losses. This changes it so that they are not counted at all (i.e. you would get your money back, as is the behaviour of many binary options services)