OPEN-SOURCE SCRIPT
Binary Option Strategy Tester with Martingale
Updated
In Binary options, strategy testing is a bit different. The script is just a try to test Binary options strategies.
Assumption:
The script is not counting your profit or loss, it just counting the winning and losing trades.
Input Options:
The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus). I have deleted extra parts and kept only the necessary part.
Without Martingale
Result Table
With Martingale
I am very new to Pine script, so waiting for your comments and review.
Assumption:
- We are opening position at next candle after signal come
- 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.
The script is not counting your profit or loss, it just counting the winning and losing trades.
Input Options:
- Choose long only or short only test. Default is both.
- You can continue your trade with Martingale Level, up to 5. Default is 1 (no Martingale)
- You can choose Martingale trade type
SAME: if call subsequent trade will be call only and vice versa
OPPOSITE: if call subsequent trade will be put
FOLLOW CANDLE COLOR: Subsequent trade will follow previous candle color
OPPOSITE CANDLE COLOR: Subsequent trade will opposite of previous candle color - You can choose trading session to test. Default is false.
The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus). I have deleted extra parts and kept only the necessary part.
Without Martingale
Result Table
With Martingale
I am very new to Pine script, so waiting for your comments and review.
Release Notes
New version available: 
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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