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How To Create EAs For Binary Options .pdf

Original filename: How To Create EAs For Binary Options.pdf
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How to Create an Expert Advisor (Robot)
for trading Binary Options

Binary Options trading is becoming very popular nowadays. There are many methods and practices that can be used
in order to exploit trading opportunities when trading binaries. The main problem is that all these practices are based
on particular trading conditions that are met only a few times in a trading day. Hence, binary option traders are
obligated to devote many hours in a daily basis in order to trade these perfect market conditions. This problem can
be solved by developing and using an Automated Strategy which is called an Expert Advisor.
One Requirement
You can create an Expert Advisor that trades Binary Options given only your binary options broker supports
There are many binary option brokers supporting MT4.
The software we are going to use for creating Eas is a simple builder that everyone can learn to use it without
programming skills. The software can be used for free in order to create indicators, but in order to build Eas you have
to pay a one-time fee.


Expert Advisor Builder Website

Specifications of the Expert Advisor Builder Software Application
Expert Advisor Builder is a pure web-based app without the need to install any software. The application is designed
as a tool of transforming ideas into fully automatic trading systems. The important thing is that there is absolutely no
need for any programming skills. Even if you don't know what an Expert Advisor is you will be able to build one in a
matter of days. What is very important too is that EA Builder is 100% free for creating indicators.
The application develops Expert Advisors that can be used in three platforms (MetaTrader4, MetaTrader5, and
Tradestation) inj order to trade any financial asset that is listed in these trading platforms (Currencies, Stocks,
Indices, Gold, Oil, etc.).
Allthough the application is built on a friendly graphical interface there are also tens of tutorials that can help traders
solve their problems, and that includes text and video tutorials.
■ Free application if you want to build indicators
■ 97USD if you want to create Expert Advisors
We suggest to start with the free application and then upgrade.
» Expert Advisor Builder Application

Other Important Functions

Create alerts via Print Screen, eMail, and Audio
Money-Management system building
Time preferences
Unlimited variables when developing Expert Advisors
Full position sizing
Martingale / Anti-Martingale trading techniques


Expert Advisor Builder Website

Automated Binary Options Trading
First of all make sure your broker supports MetaTrader-4, otherwise, you will not be able to use your Expert Advisor.
By right-clicking in the Market Watch area of MT4 you can see all available assets for trading binary options (click
Show All).
Example on EURUSD.

When you click new order, a special Binary Options box appears.


Expert Advisor Builder Website

Building your Automated Binary Trading Strategy with EA Builder
In the following example, you will see how you can build a breakout trading system with EA Builder.
After you sign-up with EA Builder (lasts a few minutes) go to Create a new MetaTrader 4 Strategy and name it for
example Daily Breakout Binary.

You can now add your customized conditions to the system.

There is a great variety of trading indicators and variables you can apply in your strategy. In our example:
1. Price (Bid), Crosses Above, Resistance
2. Time Interval 12 hours
3. Fixed time of the day
4. Time Interval ends at 10 o'clock
5. We want to draw the resistance on the chart
6. At the end, click OK

Expert Advisor Builder Website

Then click on the "BO" icon to change the order to Binary Option and after set the Binary Option Expiry Time.
The Expiry Time is set to be 1 hour.

The concept behind this strategy is that when the price breaks through a significant level (support or resistance), it
will likely continue in the same direction for at least 1 more hour.
The exact opposite conditions can be applied for selling the market.
If the price crosses below support then the system will open a new position with the same expiry time.

As the number of trades is not limited yet, the same order could be sent many times. In order to avoid this situation,
we can send the next order to the following day. This can be done by checking “Next Open Trade After Time Of
The Day” at 10 o'clock, which is the exact time when the interval ends.
After, we set the right Money Management. In the example, the invested money is just 10 USD.
That is all, the Source is ready.
After just copy the source..
..and compile it.


Expert Advisor Builder Website

The new binary options Expert Advisor is 100% ready and appears here:

Now you must restart the MetaTrader platform.
And from now on, your EA will automatically open a long or short trade position each time the price breaks through
major levels (support or resistance).

This is how you can implement any trading idea into an Expert Advisor for trading Binary Options.
Try the Expert Advisor Builder for free
■ Free application if you want to build indicators
■ 97USD if you want to create Expert Advisors
» Expert Advisor Builder Website


Expert Advisor Builder Website

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