tanayroy

Binary Option Strategy Tester with Martingale

In Binary options, strategy testing is a bit different. The script is just a try to test Binary options strategies.
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.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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