Develop Binary Options Strategy: How can I set spread to zero in Backtests?
Hi ,
I wanted to do exactly the same , did you find the answer?
harvester:
Hi ,
I wanted to do exactly the same , did you find the answer?
You can't use the Strategy Tester as is for Binary Options, that doesn't work.
The only way is to simulate trades within your EA.
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Hi! I want to backtest some Binary Option strategies (60s and 120s) and perhaps develop my own. The idea is to create an EA containing the strategy (exit after 1 or 2 bars) and then look out for the percentage of winning trades (I'm looking for 80%+). I'm not worried about lack of MT4 support for BOs, I found a solution for that.
A binary option is basically a bet if an asset will rise or fall in a given timeframe. If you place for example 100$ and you guessed right, you earn 70$, if you guessed wrong, you loose 100$. So I'm not interested in how many pips any given trade is gaining, but only if it was profitable at all.
My question therefore is: How can I set spread to zero in Backtests?