Expert Advisor Binario

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Binario Expert Advisor

Binario Forex expert advisor is based on the exponential moving averages of the same period but for the different price ranges (high and low). But this expert advisor doesn’t use any buy or sell signal, it simply opens buy and sell position in rotation and modifies their parameters according to the calculated moving averages. It uses a stop-loss and real-time order monitoring to close the positions. Position in the opposite direction is opened right after one is closed.

Warning! The latest backtest of Binario expert advisor on the period from 2006-11-20 through 2020-01-24 has shown 63.4% profit and 57.3% maximum drawdown combined with very inconsistent balance curve over time.

It is not recommended to run this EA on a live account. The backtest results presented below are outdated.

My automatic testing of Binario MetaTrader expert advisor gave some interesting results using GBP/USD pair on a daily chart using 0.1 standard lots – about $50,000 profit on $10,000 account in one year, with a maximum drawdown below $3,000. I’ve also checked it on a three years period and its performance showed the same stability. But there is a serious problem with this expert advisor – it made only 4 trades during the year. So there is no real reason to use it as the automatic EA – just use its strategy for manual trading and you’ll have nice long-term profit.

MiniFAQ

What are the stop-loss and take-profit used by this EA?

It uses the variable stop-loss and take-profit values, but the average winning position yielded 1750 pips and the average losing — 250 pips.

How often does it trade?

On daily GBP/USD chart (the optimum settings) this EA will trade very rarely — 4 times a year on average.

This EA is ECN-compatible. You must set ECN_Mode input parameter to true in order to enable ECN-compatibility for this expert advisor. Otherwise, you will most likely be seeing OrderSend Error 130 messages when EA will be trying to open positions. This is because, if you are trading with an ECN broker (with market execution for orders), you cannot set SL/TP on position opening. You have to open a position first without SL/TP and only then modify it, adding stop-loss and/or take-profit level.

Downloads

Discussion

Warning! Before you ask basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them.

Do you have your own trading results or any other remarks regarding this expert advisor? Discuss Binario with other traders and MQL programmers on the experts forums.

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

Binario – expert for MetaTrader 4

The Binario Expert Advisor is based on the exponential moving averages of the same period, but for different price types (High and Low). This EA does not use the signals to buy or sell, and simply opens long and short positions in turns and changes their settings according to the calculated moving averages. It uses stop loss and order monitoring in real-time to close positions. A position in the opposite direction is opened right after the previous one is closed.

Recommendations:

  • The EA uses a temporary stop loss and take profit, but the average profitable position is about 1750 pips and the average unprofitable one is 250 pips.
  • This EA will open the average of 4 trades per year on the daily chart of GBP/USD (the optimum combination).
  • This EA is compatible with ECN. The ECN_Mode input parameter must be set to true to enable the ECN compatibility mode for this EA. Otherwise, the OrderSend Error 130 error message is likely to occur when the EA tries to open positions. This will happen because if you trade through an ECN-broker (with market execution of orders), you can not set a stop-loss or take profit during the position opening. You should open a position without these levels first and then change the position by adding a stop-loss and take-profit.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13161

The Pinbar Detector indicator tries to identify the pin bars.

The Aroon Up and Down indicator detects the local tops and bottoms on the chart.

The indicator of divergences on 30 oscillators of choice.

The indicator detects and marks the WRB (Wide Range Bars) or candlesticks with Wide Range Bodies.

Expert Advisor Binario

El expert advisor Binario se basa en el uso de medias móviles exponenciales con el mismo periodo pero con rangos de precio distintos (máximo-mínimo). Este EA no utiliza ninguna señal de compra o venta, simplemente abre una posición de compra y venta de forma rotatoria y modifica sus parámetros de acuerdo a las medias móviles calculadas. Así mismo, utiliza niveles stop loss y monitoreo de posiciones en tiempo real para determinar el cierre de una posición. En este caso, después de que una posición es cerrada, otra es abierta en el sentido contrario.

Los resultados obtenidos con este EA indican que produce los mejores resultados con el par GBP/USD en un gráfico diario con tamaños de posición de 0.1 lotes. Tal parece que es estable y rentable a largo plazo, sin embargo presenta el problema de que efectúa muy pocas operaciones al año. Por eso, una recomendación es emplear su estrategia para realizar trading manual (si se emplea adecuadamente la estrategia puede brindar ganancias constantes a largo plazo) en vez de utilizarlo como un EA automático.

  • Utiliza niveles de stop loss y take profit variables. El promedio de ganancias por cada posición ganadora es de 1750 pips mientras que el promedio para las posiciones perdedoras es de 250 pips.
  • Durante una serie de pruebas en un gráfico diario del GBP/USD abrió en promedio solo 4 posiciones al año.

A continuación se muestran los parámetros y resultados para este EA:

  • Stop Loss: Variable.
  • Take Profit: Variable.
  • Pares de divisas: Todos.
  • Marcos de Tiempo: Todos.
  • Mejores resultados obtenidos: GBP/USD con un marco de tiempo diario.
  • Porcentaje de ganancia: Sin información al respecto.
  • Máximo Drawdown: Sin información al respecto.

Nota: Este EA es compatible con brokers ECN.

Pueden descargar este Expert Advisor para Metatrader 4 y 5 a través del siguiente enlace:

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

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