How To Build And Test A Binary Options Strategy With The MetaTrader 4 Strategy Tester - MQL4 Articles

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author.

For each graph, we can choose so called timeframe, which is just an option of how large period of time one candle represents. The most common choices for binary options traders are 1 minute, 5 minutes, 15 minutes and 1 hour timeframes. When trading binary options we will probably use mostly the first three. Other than that, people also use 4 hour, 1 day, 1 week and a 1 month timeframes. That’s not something you want to do when trading binary options, though.

_buffer, //Buffer index (begins with 0), _buffer is adressed over function parameter - NO CHANGES NEEDED _shift //Shift (0 for current candle), _shift is adressed over function parameter - NO CHANGES NEEDED ) );

The classic binary option is binary because it only has two possible outcomes: when the option expires, you either lose all your money or you get paid a pre-specified amount. Today, when binary options have become so popular online, some sites that sell binary options offer novel variants that actually have more than two possible outcomes, but these variants are quite rare and doesn’t make up the bulk of available binary options online.

With mobile binary options trading, you just need to be online on your device to trade at any place and at any time. Just like the different apps that you come across on your phones, you just need to install the binary trading apps to trade with options on your mobile while on the go.

You should get yourself registered with a trusted and reputed signal provider. This way you can save lots of time and concentrate on your trading only to earn more profits. But be careful,there are a lot of scams out there.

One of the reasons why binary options are so popular is because you know in advance exactly how large your profit will be if your binary option expires in the money. With a normal non-binary option, it is possible to finish in the money and still lose money, because the cost of buying the option was higher than what you are being paid upon expiry, e.g. if the underlying asset has just barely made it up to the required price level.
With an asset-or-nothing, you get the value of the underlying asset if the option expires in the money. So, if the underlying asset is a share in JKX Oil & Gas plc (LSE: JKX), you get the price of one share that company if your binary option expires in the money.

If you’re a dedicated trader, it’s probably a good idea to employ an accountant. Keeping up with the constantly-changing laws that govern income tax can be a chore, and the more money you make at trading, the more rigorous your filing will be. But whether you plan to do your own taxes, or you hire a professional, it’s still a good idea to understand the basics of taxes for binary options traders in the USA…

The popular mobile trading app will also offer you limitless free quotes from various trading markets. There are many tools and features that you can use to get up-to-date charts and pricing of commodities or indices on your mobile devices. You can make easy deposits in your account and also check the full transaction history on your mobile through the trading app.

To protect binary options buyers, CySEC publishes the names of Cypriotic companies that fail to live up to the CySEC standards. This includes, among other things, companies that have had their CySEC license suspended.

Will the price of the underlying ever touch a certain predetermined point throughout the lifespan of the binary option? If you think it will, buy a TOUCH binary option. If you think it wont, buy a NO TOUCH binary option.

Finally, some brokers offer a tax service for traders that acts almost like a standard job. The broker will deduct taxes from every earning made throughout the year, and pay it directly to the IRS on your behalf. At the end of the year, you will report your earnings, and show that your tax obligation on these earnings has already been paid.

I hope I have explained everything simply, because it really is simple, but novice traders often seem to misunderstand. However, if you have any questions, do not hesitate to write me a comment below the article.

Let us further say, we like to access the indicator with (its default) values: 34, 55 and 13. We use a helper function (based on iCostum), wich provides us the possibility to get the values of the indicator with parameters for buffer and shift, while shift 0 will be the value of the current candle, shift 1 the value of the last candle, shift 2 the value of the second to last candle and so on. In addition we temporarilly store the values of the indicator buffer and enhance the if-condition of the strategy: