Strategy · Pine Script v4 · On the chart

Binary Options Strategy Template

by hasnocool

The Binary Options Strategy Template is a Pine Script v4 strategy that overlays the 14-period simple moving average on the price chart.

View on GitHub

GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code21
Settings1inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

21 lines of Pine Script v4 from Binary Options Strategy Template.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Binary Options Strategy Template.pine
//@version=4
strategy("Binary Options Strategy Template", overlay=true)
// In this code we track the bar where a position was opened and close the position
// aftera specified number of bars. The objective of this script is testing long/short signals
// for knowing the amount of times it would turn a profit or not.
// User input for amount of bars till close
barsTillClose = input(5, minval=2, title="Amount of Bars Till Close Position")
// SIMPLE ENTRY LOGIC (insert long/short signal here)
sma = sma(close, 14)
strategy.entry("Long", strategy.long, when=close > sma)
strategy.entry("Short", strategy.long, when=close < sma)
// Track the Entry Bar
entryTime = float(na)
timeClose = bool(na)
entryTime := timeClose[1] ? na : strategy.position_size[0] > strategy.position_size[1] ? bar_index : entryTime[1]
// See if we need to close
timeClose := bar_index >= entryTime+(barsTillClose-2)
strategy.close("Long", when=timeClose)
strategy.close("Short", when=timeClose)
plot(sma)
Expand (28 lines)

Overview

Binary Options Strategy Template signals long entries when the close price is above the SMA and short entries when below. Positions close automatically after a user-set number of bars (default 5) rather than at a price target or stop loss. The barsTillClose input changes the hold duration. The script draws directly on the price chart. It lacks a stop loss and uses fixed bar counting for exits.

Details

Published by

hasnocool on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Moving averages, Trend

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Amount of Bars Till Close Positionint5barsTillClose
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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