Binary Options Strategy Library
Info
The Binary Options Strategy Library is a Library for MetaTrader 4 that this library offers input parameters and functions to construct your binary options strategy within an indicator, enabling testing and refinement in the metatrader 4 strategy tester. Installation:Download the library (binaryoptionsstrategylibrary.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Binary Options Strategy Library
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
This library offers input parameters and functions to construct your binary options strategy within an indicator, enabling testing and refinement in the Metatrader 4 strategy tester.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: Time Range Checking Function - another powerful library for MetaTrader 4 traders.
This library offers input parameters and functions to construct your binary options strategy within an indicator, enabling testing and refinement in the Metatrader 4 strategy tester.Also recommended: Simplified Stop Loss Calculation for Market Execution Orders - similar library with strong performance on MetaTrader 4.
Installation:
Download the library (binaryoptionsstrategylibrary.mqh) and place it in the
Usage:
If you've downloaded and placed the library in the
#include
The library will be accessible as described in the example when placed in the
There's no need to modify the library content.
Provided Input Parameters:
The library offers the following input parameters for your indicator containing the binary options strategy:
//---- Input Parameters
input yesno onetradepercandle = yes; //just one sell/buy trade per candle
input yesno shouldcheckonlyatbeginningofcandle = yes; //check only at the start of new candles (not on every tick)
Provided Functions:
The library provides these functions for your indicator with the binary options strategy:
placetrade()
Place a trade (op_sell or op_buy) in the binary-options-strategy-tester.
//+------------------------------------------------------------------+
//| Function to place orders for strategy-tester.
//| Input parameter: op_sell or op_buy
//+------------------------------------------------------------------+
void placetrade( int _tradeoperation //trade operation op_sell or op_buy );
Parameters:
_tradeoperation - [in] Trade operation type. Can be op_sell or op_buy of trade operation enumeration.
Return Value:
No return value.
printdebugvalue()
Prints debug values while the binary-options-strategy-tester is running.
//+------------------------------------------------------------------+
//| Function to print out debug-values
//+------------------------------------------------------------------+
void printdebugvalue( string _labeltext="", //text for the label
string _valuetext="", //value to print out
int _row=0 //row of the message, starting with 0 );
Parameters:
_labeltext - [in] Text of the label.
_valuetext - [in] Value to print out.
_row - [in] Row of the message, starting with 0.
Return Value:
No return value.
callstrategy()
Decides if the tester should check the strategy rules. Call this function in the oncalculate event of your indicator with the binary options strategy.
//+------------------------------------------------------------------+
//| Function to decide if we have to check for our rules or not.
//| Call this function in oncalculate-event of your indicator.
//+------------------------------------------------------------------+
void callstrategy();
Parameters:
No parameters.
Return Value:
No return value.
Note: The callstrategy() function in the library will call a function named checkmyrules() in your indicator, where you must define your binary option strategy conditions. Therefore, you need to implement the checkmyrules() function in your binary options strategy indicator.
Example:
See "" for an example of using this library and implementing checkmyrules() with the binary options strategy tester utility from the marketplace.
FAQ:
Question: I can't compile the library without errors. What's the issue?
Answer: You don't need to compile the library (this mqh file). It will be included in your binary options strategy.
Question: Why isn't a complete example provided here to demonstrate the library's usage?
Answer: A comprehensive example is available in the article "".
Question: Do I need to rent the binary-options-strategy tester from the marketplace to test and enhance my binary options strategies?
Answer: Yes. To utilize the "binary-options-strategy tester" utility from the marketplace, you must rent it.
Question: I encountered errors like "cannot call .. binaryoptionsstrategytester.ex4::printdebugvalue" or "cannot load .. \experts\market\binaryoptionsstrategytester.ex4" in the Metatrader 4 log. What can I do?
Further Information:
— Binary Options Test Framework utility from the marketplace to test and refine your binary options strategy with the Metatrader 4 strategy tester.
— Article demonstrating a binary options strategy within an indicator, compatible with the binary-options-strategy-tester.
Changelog:
v1.01
Fixed "cannot load.." and "cannot call.." errors by adjusting the import filename from "..\experts\market\binaryoptionsstrategytester.ex4" to "..\experts\market\binary options strategy tester.ex4". The filename of the binary options strategy tester from the marketplace is "binary options strategy tester.ex4", not "binaryoptionsstrategytester.ex4". The incorrect import filename caused errors like "cannot call .. binaryoptionsstrategytester.ex4::printdebugvalue" or "cannot load .. \experts\market\binaryoptionsstrategytester.ex4".
You may also like: disable auto trading but on l y for a specific ea - excellent alternative for library users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property strict
#import "..\\experts\\market\\binary options strategy tester.ex4"
void strategytesterplacetrade(int);
void printdebugvalue(string,string,int,int);
#import
enum yesno
{.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.