This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
Robo Binary Option
This MetaTrader 4 expert advisor is designed for binary options trading based on candle patterns.
High risk
GitHub stars1
Forks0
Last update7 years ago6 Nov 2018
LicenceNone stated
Overview
Robo Binary Option monitors the market for a specific number of consecutive bullish or bearish candles to trigger reversal entries. The robot includes a built-in martingale system that multiplies the investment amount by 2.2 after each loss, up to a user-defined limit of cycles. It manages trade duration through a configurable expiration parameter. The documentation is minimal, and the strategy relies purely on basic price action sequences without additional technical indicators.
- Consecutive candle pattern recognition
- Configurable martingale lot scaling
- Customizable binary option expiration time
- Built-in sound alert notifications
Details
Author
WineLemes on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Trades without a fixed stop loss
EA files
Input parameters
Read from PrimeiroEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Consecutive_Candles | int | 2 | How many consecutive Bulls |
Consecutive_Gale | int | 3 | How many consecutive martingales |
Minutes_Expire | int | 5 | How many consecutive martingales |
InitialBOInvestment | double | 1 | |
SoundAlert | bool | true | Do you want to Sound Alert? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone WineLemes/RoboBinaryOption from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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