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Binary Options Strategy Tester

Binary-Options-Strategy-Tester for Metatrader 4:

  • Build Binary Options strategies to backtest in Metatrader 4 Strategy-Tester
  • Run backtests of Binary Options strategies for long periods in a short time
  • Improve Binary Options strategies to make them stable to trade
  • Run forward tests of Binary Options strategies with your broker
  • Run tests for any symbol (e.g. EURUSD, GBPUSD, EURJPY etc.) or any timeframe (e.g. M1, M5, M15, M30, H1 etc.)

Strategy-Tester of Metatrader 4 cannot handle Binary Options. Therefore this utility will place "virtual" orders, count their results and prints out the informations on the chart to give you a possibility to test and improve your Binary Options strategy.

Concept: See screenshot #1 for the concept of Binary-Options-Strategy-Tester utility.

Please keep in mind: Backtesting with historical data will never represent the real future, but it might give you an approximate value to get your strategy more stable. The quality of your backtest will depends on your historical data. Therefore it is strongly recommended to use a set of hight quality data!


Installation

Download and purchase the Binary-Options-Strategy-Tester utility - a purchased version is needed.

Why a purchased version of Binary-Options-Strategy-Tester utility is needed?

A Binary-Options strategy has to call a function of the Binary-Options-Strategy-Tester (via Binary-Options-Strategy-Library) to place the virtual trades (see screenshot #1 concept). Related to the license concept of MQL4 this only works if the product has a working license. Therefore you have to purchase the product to test Binary Options strategies or the example code linked in section "Build a strategy".


Build a strategy:

See "How to build and test a Binary Options strategy with Strategy-Tester of Metatrader 4" for an example how to build a strategy for Binary-Options-Strategy-Tester and run backtests as well as forward tests.


Usage

1. Open Metatrader 4 Strategy-Tester, select Binary-Options-Strategy-Tester (folder Market), set your needed input parameters and start Strategy-Tester.
2. Drag the Indicator where your strategy is stored on the chart, set your needed input parameters for the strategy and see the results on the chart.
3. Improve your strategy and/or change the input parameters to run the backtest again until your strategy is stable to trade.
4. Run foreward tests by draging the Binary-Options-Strategy-Tester utility and your strategy indicator on demo or live chart of your broker.

Additional usage:

  • In addition to your indicator with your Binary Options strategy you can place the indicators used by your strategy with their used settings on chart, to see them in real time while testing.
  • Furthermore you can save all indicators and their settings by saving the template of the chart and load them on next test run. To save or load all needed indicators with their settings on a template before tester runs, use the pause button of MetaTrader 4 Strategy-Tester.


Input Parameters

See screenshot #2 for input parameters. Further input parameters for your strategy will be stored in your strategy indicator file.


FAQ

Question: No arrows appear on chart after I draged my indicator with a working strategy on it. What happened?
Answere: You have to enable "Allow external expert imports" on the "common" tab while you drag your strategy on the chart (log message will show an error in this case).

Question: No arrows appear on chart after I draged my indicator with a working strategy on it with "Allow external expert imports" enabled. Why?
Answere: A strategy has to call a function of Binary-Options-Strategy-Tester to place virtual trades. Related to the MQL4 license concept this only works if the product has a working license. Therefore you have to purchase the product.

Question: No arrows appear on chart after I dragged my indicator with a working strategy on it and I got errors like "Cannot call .." or "Cannot load .." in the log of MetaTrader 4. What can I do?
Answere: Use the latest version (greater v1.00) of BinaryOptionsStrategyLibrary.mqh. Check version tag in code of your BinaryOptionsStrategyLibrary.mqh and see changelog v1.01 of BinaryOptionsStrategyLibrary.

Question: I see no results on Strategy-Tester tabs "Results", "Graph", "Report". Where can I see the results?
Answere: Strategy-Tester of Metatrader 4 can not handle Binary Options so these tabs can not be used. Therefore this utility calculates all wins and losses and prints the results on the chart.


Further informations

See "How to build and test a Binary Options strategy with Strategy-Tester of Metatrader 4" for an example how to build a strategy for Binary-Options-Strategy-Tester and run backtests as well as forward tests.


Miscellaneous

If you have ideas for improvements, please feel free to contact me!

sakiskun123
28
2017.03.13 05:46 
 

Most innovative product I have bought for MT4. All round winner.

volka
31
2017.02.20 21:40 
 

Excellent, product saves me a lot of time to check strategies!

Friendly seller, quick and very detailed response. Thanks Martin!

juwohall1
25
2017.02.08 21:46 
 

This product is superb!