Specification
I have attached an indicator for binary options in mt4. The programmer will have to transform this indicator into binary options robot, so that it works autonomously, once installed on worldforex mt4 platform. The programmer needs to add these important things:
(1) Basic amount(stake) of the first option: in the inputs I can choose the amount of the value of the first binary option to start with, I decide based on the capital.
2) Martingale (with customizable number of recoveries) or the possibility to choose how many times the robot must increase the trade amount for each binary option expired out of the money. I have to be able to choose how many recoveries the robot can make based on the capital; therefore the parameter must be customizable by me.
(3) Customizable martingale multiplication factor: I must be able to choose the multiplication factor with which the robot calculates the amount to increase for the next option in case the previous one expires out of the money
(4) It should be able to work on all time frames and Currency pairs
(5) I should be able to choose the expiration time: 60s, 1min, 15min, 30min, 1hr, 4hr, 1 day
CONDITION FOR BUY ENTRY
· Wait for Renco channel to show a Reversal ( GREEN) dot
· Wait for a bull(GREEN) candle to form
· Enter a buy entry at the start of the next candle
· If there is a win, then exit the trade.
· If the trade losses, then use martingale in the same direction until there is a win , then exit the trade.
CONDITION FOR SELL ENTRY
· Wait for Renco channel to show a Reversal ( RED) dot
· Wait for a BEAR(RED) candle to form
· Enter a SELL entry at the start of the next candle
· If there is a win, then exit the trade.
· If the trade losses, then use martingale in the same direction until there is a win, then exit the trade.