Would like a simple Binary Option EA that will take trades from 1 indicator that I have. Would like the indicator built into the EA. The Broker that I will be using is http://www.directfx.com/en/binary-options-demo/. They are a mt4 platform.
What I need:
When the indicator shows buy or sell, immediately take trade at candle open. If loss, take another trade immediately same expiry time with the bet multiplier. When the "maximum consecutive loss" has been reached, stop betting and reset for the next indicator signal. The next signal continues with the bet multiplier sequence. For example all trades loss:
Starting bet $5
Lot multiplier = 2
Maximum Consecutive Loss = 4
Continue Sequence after Max. Consecutive Loss = "yes" (if "no" then the next trade will use the "starting bet")
1st trade $5
2nd trade $10
3rd trade $20
4th trade $40
The EA will reset and look for the next indicator signal. When the signal comes the EA will place a bet continuing the multiplier sequence up to another 4 times:
1st trade $80
2nd trade $160
3rd trade $320
4th trade $640
Variables in the EA:
Starting Bet
Bet Multiplier (after loss)
Maximum Consecutive Loss (stop betting after this number and reset to look for a new trade setup.)
Continue Multiplier Sequence after Max.Consecutive Loss = "yes" or "no" (if "no" then the next trade will use the "starting bet")
Choose Expiry Time (60 sec, 5 min, 10 min, 15 min, 30 min, 1 hour)
Indicator has only 1 variable and would like to change that 1 variable within the EA settings.
Display on Chart:
Option Expiry Time : (60 secs, 5 minutes, 10 minutes, etc...)
Real Time Consecutive Candle Count :
Starting Bet Amount :
Last Bet Amount :
Next Bet Amount :
Consecutive Losses : "x" of "max consecutive loss variable"
Continue Multiplier Sequence : Yes or No
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Alarms: When EA enters a Trade and when expires
MT4 Alert - Alarm on your Terminal (Off or On)
Email Alert - Alarm on your EMail (Off or On)
Mobile Device - Alarm on your Mobile Device (Off or On)
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