Articles with examples of indicators developed in MQL4” on the MQL5 Community website
This set of tutorial articles illustrates how to build or program indicators (and strategies) in MQL4 (which is the MT4 scripting language) including for binary options.
MQL5
Key aspects:
Example article: “How to build and test a Binary Options strategy with the MetaTrader 4 Strategy Tester”.
MQL5
Shows how to implement custom indicators, non-standard charts, trend/speed analysis using code.
MQL5
Why useful: If you want to go beyond theory and code or customise your MT4 indicator for binary trades, this is essential.
Academic research: “Binary Options as a Modern Phenomenon of Financial Business”
A deeper academic paper analysing binary options, including use of the Bollinger Bands indicator and filters like MACD, RSI in binary option context.
Key takeaways:
They use back-testing on EUR/USD with Bollinger Bands strategies for binary option
They show that single indicators often give many false signals; combining is essential.
Why useful: Gives academic grounding and supports the idea that binary-specific indicator application needs adaptat
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