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Honest Predictor for Binary Options FREE

This tool is the FREE version of the Honest Predictor indicator, a trend predictor with an expiry time implemented that is especially suitable for Binary Options.

To facilitate the testing of the indicator before purchasing, I created this freely downloadable version that has exactly the same features as the payed version, but with one limitation: it can be attached only to one chart at a time.

Read carefully the description and comments of the indicator before using it.

Rather than implementing complicated strategies and sophisticated technical indicators, I preferred to concentrate my efforts on providing the tool with robust statistical bases for the sake of risk minimization.

Recall that Binary Options are particularly risky because, apart from predicting the price trend direction, one must also guess the "sign" of the price change at an a-priori given expiry time.

Maksym Mudrakov
2016.08.30 17:33 

User didn't leave any comment to the rating

vahid jannati
2016.03.03 20:51 

does not work and if it is free why does't work ?

Rodrigo da Silva Boa
2015.12.06 15:09 

User didn't leave any comment to the rating

Version 2.1 - 2015.06.09
- Added "Time Offset" (in hours) input parameter. It will be added to the Server time to give the position and expiry time displayed in the Alert messages (it can be negative).

- IMPORTANT BUG correction: the position and expiry time reported in the Alert messages are NOT in GMT as erroneously stated in previous versions. They are in Server time (some servers use GMT, some do not).
Depending on the user convenience, she/he can now set the above-described "Time Offset" parameter, as an amount of hours to add (or subtract if negative) to the Server time to give position and expiry time in the alerts.

This version is compatible with the "Helping Honest Predictor" optimizer script v.1.2.
Version 2.0 - 2015.05.29
- For the sake of a better risk management, the maximum number of consecutive losses and the average of the difference between strike and expiry price on winning positions have been added in the backtesting report.
- Alerts are now displayed only when the backtesting statistics is at least MODERATELY RELIABLE.
- Chart time gaps (e.g. weekends) are excluded from backtesting.

This version is compatible with the "Helping Honest Predictor" optimizer script v.1.2.
Version 1.9 - 2015.05.19
- Accuracy further increased by improvements on trend prediction and filtering.
Version 1.8 - 2015.05.08
Trend prediction scheme improved for higher accuracy. Shorter timeframe confirmation strategy unnecessary and removed: now signals are displayed at the bar closing time (no delay) and the strike price now coincides with the bar closing price.
Version 1.7 - 2015.05.06
- Shorter timeframe confirmation strategy improved.
- Added "Trend Prediction Mode Reversible" option: if enabled, the trend prediction mode (either "trend continuation" or "trend reversal") can change at any time, as soon as the backtesting accuracy drops below 50%.
When this happens, the indicator restarts and all positions are recalculated.
If disabled, the trend prediction mode is fixed since the beginning and cannot change any longer.
The option is forcedly enabled while testing.
The currently adopted mode is reported in the comment, as well as in the journal when it changes.
- Minor bugs corrected.
Version 1.6 - 2015.04.29
- a further option added to draw "strike price" lines
- small bug corrected in the trend searching logic

Please, read the comment #7 I made on 2015.04.28 at

Version 1.5 - 2015.04.24
Now it provides information on data reading error from the server and better implements trend searching logic
Version 1.4 - 2015.04.23
Minor bugs corrected.
Version 1.3 - 2015.04.21
Added buffers to interface the indicator with an EA