Panel RunwiseFX Intelligent Binary Options EA

Buy RunwiseFX Intelligent Binary Options EA trading application in the store of automated robot systems

Pro­vides the sim­plic­i­ty of bina­ry options but address­es the short­com­ings of reg­u­lar bina­ry options, name­ly: Poor risk reward ratio, fixed dura­tion trades, poor bro­ker choice, poor indicators/alerts, no hid­den (stealth) stop loss/take prof­it, etc.

Features

  • 1 to 1 risk reward ratio, cal­cu­lat­ed auto­mat­i­cal­ly (con­fig­urable)
  • Man­u­al (with alert) or auto­mat­ic trade entry (on alert conditions)
  • Lot size cal­cu­la­tion (mon­ey man­age­ment) — based on % of account to risk or fixed amount
  • Com­pact inter­ac­tive on-chart con­trol pan­el, e.g. eas­i­ly switch from man­u­al to auto and back
  • Auto­mat­ic stop loss — uses pro­fes­sion­al grade indi­ca­tor
  • Stop loss and take prof­it can be re-posi­tioned man­u­al­ly by mov­ing lines on the chart
  • Hid­den (stealth) stop loss and take profit
  • Hid­den stop loss always works on the bid price so not trig­gered by spikes in the spread
  • Sets bro­ker stop loss/take prof­it but fur­ther away than hidden/actual
  • Logs order exe­cu­tion time, slip­page and prof­it, in a spread­sheet com­pat­i­ble CSV file
  • Option­al trail­ing stop loss, breakeven and trend based exit for advanced users
  • Includes bonus indi­ca­tors of Aver­age Dai­ly Range (or True Range — con­fig­urable), spread and ask/bid prices in large text, col­or coded.

Usage

By default the EA will alert you when there is a change in mar­ket direc­tion for the sym­bol and peri­od that the EA is attached to. The alert will tell you the direc­tion and the appro­pri­ate Buy/Sell but­ton will be shown with white text. Your only deci­sion is whether to go for it or not. When a trade is opened the risk % box is used to cal­cu­late the lot size. You can change the default risk by amend­ing the Main_riskAmount expert input property.

The stop loss used for the trade is auto­mat­i­cal­ly cal­cu­lat­ed and the take prof­it is set to a 1:1 risk reward ratio, so you just need to be right more times that you are wrong to prof­it (allow­ing for the small cost to trade, e.g. commission).

Auto Mode: You can set the EA to work auto­mat­i­cal­ly for a par­tic­u­lar direc­tion (buy/sell) by chang­ing the selec­tion box (as shown in the screen shots). In auto mode the EA will open the trade auto­mat­i­cal­ly when the alert con­di­tions arise. Put the selec­tion box back to Off or Alert to turn off the auto fea­ture. Note, after a trade has been made the EA will go back to Alert mode.

OnPull­Back Mode: This mode is use­ful if you have been alert­ed but the mar­ket has already moved quite a few pips. In this mode the EA will open the trade when the price has pulled-back to the alert price (as it often does). This will mean you will get a bet­ter price and be more like­ly to be profitable.

Advanced use: The stop loss can be set man­u­al­ly by uncheck­ing the SL Auto box and mov­ing the line on the chart. Also, the stop loss can be set to auto trail. A Breakeven check box allows you to set for breakeven with­out hav­ing to move the stop loss line. There is also a check box to auto close the trade if the trend revers­es. You can move the hid­den take prof­it line on the chart fur­ther away to take advan­tage of this.

The MQL4\Files fold­er in the Meta­Trad­er data fold­er will con­tain a runwiseFX_intelBinOpts_<account number>.csv file, with the out­come of the trades, e.g. exe­cu­tion time, slip­page, etc.

Other Expert Properties

Main_riskRewardRatio con­trols the risk/reward ratio. Main_broker*ExtraPipsOrPrct can be used to increase/decrease the dis­tance between the bro­ker SL/TP and the hid­den one. Use Box_* to change the loca­tion of the con­trol pan­el. Var­i­ous oth­er prop­er­ties should be self explanatory.

RunwiseFX Intelligent Binary Options EA 

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