tradesafenow: Is this a binary options EA or forex, because there is no lot size in BO just the amount?
The EA will work with any symbol shown in MetaTrader. You can replace the risk percentage with a set amount that you would like to risk, e.g. replace "2.5%" with "50" to risk 50 dollars (assuming the account currency is in dollars). Obviously, it is unwise to risk more than 5% of your account balance on any one trade. The lot size is worked out automatically, so that you can do binary options style trading in MetaTrader with any broker that supports MetaTrader.
runwiseFX: The EA will work with any symbol shown in MetaTrader. You can replace the risk percentage with a set amount that you would like to risk, e.g. replace "2.5%" with "50" to risk 50 dollars (assuming the account currency is in dollars). Obviously, it is unwise to risk more than 5% of your account balance on any one trade. The lot size is worked out automatically, so that you can do binary options style trading in MetaTrader with any broker that supports MetaTrader.
Great, ok, so if this to be used on binary options, then what expiry we use on binary options using your system (5 min, 15 min, 30 min expiry and so on)? What are the best time frames and pairs achieved using your system?
tradesafenow: Great, ok, so if this to be used on binary options, then what expiry we use on binary options using your system (5 min, 15 min, 30 min expiry and so on)? What are the best time frames and pairs achieved using your system?
With current market conditions we recommend 15m or 30m. Possibly 5m (if very flat day), but make sure it is in the trend with an upper time frame, i.e. open EA on upper timeframe (say H1 or H4) and make sure same directions have been alerted. There is no expiry, so just keep the trade open until hits take profit. However (as you may know), DO NOT leave a trade open over the weekend in case there is major news event that causes the market to open at a vastly different price.
runwiseFX: With current market conditions we recommend 15m or 30m. Possibly 5m (if very flat day), but make sure it is in the trend with an upper time frame, i.e. open EA on upper timeframe (say H1 or H4) and make sure same directions have been alerted. There is no expiry, so just keep the trade open until hits take profit. However (as you may know), DO NOT leave a trade open over the weekend in case there is major news event that causes the market to open at a vastly different price.
runwiseFX: With current market conditions we recommend 15m or 30m. Possibly 5m (if very flat day), but make sure it is in the trend with an upper time frame, i.e. open EA on upper timeframe (say H1 or H4) and make sure same directions have been alerted. There is no expiry, so just keep the trade open until hits take profit. However (as you may know), DO NOT leave a trade open over the weekend in case there is major news event that causes the market to open at a vastly different price.
Ok, so I would use this mostly on forex then, one question though, how does EA open trades on 15 min chart? Does it check with the upper time frame to confirm the trend? How does Auto exit works, isn't it better to have the auto exit enable on auto mode? I bought your EA just to let you know, thx.
tradesafenow: Ok, so I would use this mostly on forex then, one question though, how does EA open trades on 15 min chart? Does it check with the upper time frame to confirm the trend? How does Auto exit works, isn't it better to have the auto exit enable on auto mode? I bought your EA just to let you know, thx.
You need to place the EA on a 15 min chart and keep that chart open. You do need to check the upper time frame yourself, as some traders may wish to trade retracements, i.e. the alert just looks at the timeframe it is attached to. To check the upper timeframe, open up a second chart in an upper timeframe and have the EA running on that too. That will indicate the trend with the BUY or SELL text shown in white if that is the trend. We do supply a trend based indicator ourselves (https://www.mql5.com/en/market/product/8353) that also filters out flat markets.
The auto exit will exit your trade when an alert in the opposite direction happens, i.e. market has reversed. It's best to enable it after a trade has got going. This is because there is often a pull back soon after entry that might trigger the exit falsely. Remember, you don't have to use the auto exit, as the system sets a take profit. Auto exit is best used when you have set the take profit further away (i.e. moved it yourself on the chart, or amended the risk reward setting in the EA properties) and the auto exit can still capture profit if the trade doesn't quite make it to the adjusted take profit.
Auto entry (auto mode) is just about opening the trade faster by getting the EA to do it for you when the alert happens. We feel auto is the best way to go, but you need to every hour (say) evaluate which symbols and directions you have Auto enabled on, i.e. check if the direction Auto is enabled on still matches the upper timeframe (say). However, whether you opened the trade automatically or manually it shouldn't affect your decision on whether or when to enable auto exit.
Thank you purchasing the EA. Please get in touch with with any further questions or feature requests.
At the CLM Forex (or Core Liquditi) MT4 platform can trade binary options. Using with a so-called FX light plugins. Maybe you could do it in binary robot that can handle it?
At the CLM Forex (or Core Liquditi) MT4 platform can trade binary options. Using with a so-called FX light plugins. Maybe you could do it in binary robot that can handle it?
This EA is used to give binary options style trading with a regular spot FX broker and in doing so address some of shortcomings of regular binary options, e.g. poor risk reward ratio. Our Strategy Automator EA (https://www.mql5.com/en/market/product/9602), on other hand, can work with binary option brokers, as well as spot FX brokers.
some times when you try to trade against trend, then EA does not allow.
is there anyway to disable this by some settings.
I am asking because sometimes resistance is strong and you will like to sell instead of buy in upward trend
The stop loss is fixed for the direction the market is going in with this particular EA.
However, I'll private message you about upgrading to our other EA (https://www.mql5.com/en/market/product/9602), which has a fully flexible stop loss arrangement, yet can be configured with the same simple arrangement of a single take profit on a 1:1 risk reward ratio.
We are trying to build a binary EA. We are willing to buy your EA, but before we do, we were wondering if you might know if:
A. the binary EA coding is generally universal, and works for most or all mt4 brokers that offer binary?
B. is your source code ex4 or already decompiled?
C. can you help us in any way {we can hire and pay you} to build a BO EA?
Thank you so much for your consideration
Our other product will work regular BO brokers: https://www.mql5.com/en/market/product/9602 and is configurable (via text file) to almost any strategy, i.e. the EA stays the same, it's the configuration that changes.
Love your store. Just got the option trader.How ever, Pocket option has a connector to MT5. Can this bot be updated to be MT5 compatible? Pretty please?
Love your store. Just got the option trader.How ever, Pocket option has a connector to MT5. Can this bot be updated to be MT5 compatible? Pretty please?
Is this a binary options EA or forex, because there is no lot size in BO just the amount?
The EA will work with any symbol shown in MetaTrader. You can replace the risk percentage with a set amount that you would like to risk, e.g. replace "2.5%" with "50" to risk 50 dollars (assuming the account currency is in dollars). Obviously, it is unwise to risk more than 5% of your account balance on any one trade. The lot size is worked out automatically, so that you can do binary options style trading in MetaTrader with any broker that supports MetaTrader.
Great, ok, so if this to be used on binary options, then what expiry we use on binary options using your system (5 min, 15 min, 30 min expiry and so on)? What are the best time frames and pairs achieved using your system?
With current market conditions we recommend 15m or 30m. Possibly 5m (if very flat day), but make sure it is in the trend with an upper time frame, i.e. open EA on upper timeframe (say H1 or H4) and make sure same directions have been alerted. There is no expiry, so just keep the trade open until hits take profit. However (as you may know), DO NOT leave a trade open over the weekend in case there is major news event that causes the market to open at a vastly different price.
With current market conditions we recommend 15m or 30m. Possibly 5m (if very flat day), but make sure it is in the trend with an upper time frame, i.e. open EA on upper timeframe (say H1 or H4) and make sure same directions have been alerted. There is no expiry, so just keep the trade open until hits take profit. However (as you may know), DO NOT leave a trade open over the weekend in case there is major news event that causes the market to open at a vastly different price.
Ok, so I would use this mostly on forex then, one question though, how does EA open trades on 15 min chart? Does it check with the upper time frame to confirm the trend? How does Auto exit works, isn't it better to have the auto exit enable on auto mode? I bought your EA just to let you know, thx.
You need to place the EA on a 15 min chart and keep that chart open. You do need to check the upper time frame yourself, as some traders may wish to trade retracements, i.e. the alert just looks at the timeframe it is attached to. To check the upper timeframe, open up a second chart in an upper timeframe and have the EA running on that too. That will indicate the trend with the BUY or SELL text shown in white if that is the trend. We do supply a trend based indicator ourselves (https://www.mql5.com/en/market/product/8353) that also filters out flat markets.
The auto exit will exit your trade when an alert in the opposite direction happens, i.e. market has reversed. It's best to enable it after a trade has got going. This is because there is often a pull back soon after entry that might trigger the exit falsely. Remember, you don't have to use the auto exit, as the system sets a take profit. Auto exit is best used when you have set the take profit further away (i.e. moved it yourself on the chart, or amended the risk reward setting in the EA properties) and the auto exit can still capture profit if the trade doesn't quite make it to the adjusted take profit.
Auto entry (auto mode) is just about opening the trade faster by getting the EA to do it for you when the alert happens. We feel auto is the best way to go, but you need to every hour (say) evaluate which symbols and directions you have Auto enabled on, i.e. check if the direction Auto is enabled on still matches the upper timeframe (say). However, whether you opened the trade automatically or manually it shouldn't affect your decision on whether or when to enable auto exit.
Thank you purchasing the EA. Please get in touch with with any further questions or feature requests.
Hello Mark!
At the CLM Forex (or Core Liquditi) MT4 platform can trade binary options. Using with a so-called FX light plugins. Maybe you could do it in binary robot that can handle it?
Hello Mark!
At the CLM Forex (or Core Liquditi) MT4 platform can trade binary options. Using with a so-called FX light plugins. Maybe you could do it in binary robot that can handle it?
some times when you try to trade against trend, then EA does not allow.
is there anyway to disable this by some settings.
I am asking because sometimes resistance is strong and you will like to sell instead of buy in upward trend
some times when you try to trade against trend, then EA does not allow.
is there anyway to disable this by some settings.
I am asking because sometimes resistance is strong and you will like to sell instead of buy in upward trend
The stop loss is fixed for the direction the market is going in with this particular EA.
However, I'll private message you about upgrading to our other EA (https://www.mql5.com/en/market/product/9602), which has a fully flexible stop loss arrangement, yet can be configured with the same simple arrangement of a single take profit on a 1:1 risk reward ratio.
Hello!
We are trying to build a binary EA. We are willing to buy your EA, but before we do, we were wondering if you might know if:
A. the binary EA coding is generally universal, and works for most or all mt4 brokers that offer binary?
B. is your source code ex4 or already decompiled?
C. can you help us in any way {we can hire and pay you} to build a BO EA?
Thank you so much for your consideration
Hello!
We are trying to build a binary EA. We are willing to buy your EA, but before we do, we were wondering if you might know if:
A. the binary EA coding is generally universal, and works for most or all mt4 brokers that offer binary?
B. is your source code ex4 or already decompiled?
C. can you help us in any way {we can hire and pay you} to build a BO EA?
Thank you so much for your consideration
Our other product will work regular BO brokers: https://www.mql5.com/en/market/product/9602 and is configurable (via text file) to almost any strategy, i.e. the EA stays the same, it's the configuration that changes.
We'll private message you with more detials
Migration to virtual hosting failed:old EX4 file version
Please recompile
Thx
Migration to virtual hosting failed:old EX4 file version
Please recompile
Thx
We've uploaded V2.0 recompile to Market. Should be available for download within next 24 hours.
how to setting
Please email us for support: support@runwisefx.com
Hi,
Love your store. Just got the option trader.How ever, Pocket option has a connector to MT5. Can this bot be updated to be MT5 compatible? Pretty please?
Hi,
Love your store. Just got the option trader.How ever, Pocket option has a connector to MT5. Can this bot be updated to be MT5 compatible? Pretty please?
For MT5 recommend this product as can do so much more: https://www.mql5.com/en/market/product/27263
If you email support@runwisefx.com we can arrange a discount if you've already purchased Binary Options EA for MT4.
We have a quick start video on our website: https://runwisefx.com/videos.htm