hi and welcome to the binary optionstrading tutorial this is Steve Wise and today we're going to talkabout the binary options hedge with a call and a put position and i just like to remind you that this tutorial and audio content and theslides therein are the property of binaryoptionbroker
and we're distributing this on so follow the guidelines on to usethis tutorial if you want redistributed and just bear in mind the rules andregulations with regarded to using it. all right so with that out of the way let's get started so let's take a look at a couple slidesi've made this first slide is
your basic naked binary option trade and what we've done here is we've takena binary option call on google we'vetaken a two hundred dollar position with a strike price at five seventy seven fifty per share that's what it was at the time i madethis slide in and made this discussion all the numbers all the details of thistrade that we talk about are covered on the website binaryoptionbroker
and you'll find all the information inall the all the percentages and what have you uh. there so if you have any questions about what thenumbers are and what they are meeting where they all came from that's all is going on the website but what i want to talk about in this tutorialis that this kind of position taking a nakedcall
binary option is very risky in it's not the kind of investment that isee as uh. a favorable one for you theinvestor and the reason why i say that is because there's so much downside risk and noprotection if things go awry and that's not the kind of trade iadvocate what i prefer to do
is i'd prefer to pair my binary option with another option either another security another optionanother binary option the underlying security itself maybe i already only underlying securityand i'm trying to make up some profit on that uh. taking advantage of market movementdownside upside what have you
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Part 1 Exporting Expert Advisors Expert Advisors
Hello dear users! I am Miroslav Popov andin this tutorial I will show you how to export Expert Advisors from Forex Strategy BuilderProfessional. Let's first generate a strategy! I will use templates and select EURUSD and15 minutes. I will start the Generator and until the Generator generates a strategy Iwill show you some details about exporting. The first one is that we are exporting ExpertAdvisors from this button here. This button is active only if you have selected a strategy.For example if we are on the start page we cannot export. But before exporting the ExpertAdvisors we have to set the export path. We can do that from Control Panel and the easiestway to reach that page is by pressing this
small arrow here Expert Advisor settings.That opens the Expert Advisor page in the Control Panel. The other way to reach thatpage is to open Control Panel and go to Expert Advisor. Here we have one big text box andhere we have to set the export path. We can do automatically. If we press this buttonhere Forex Strategy Builder will find all installed terminals. What do I have hereéI have four MetaTrader4 terminals and one MetaTrader5 terminal. This button here findsall MetaTrader4 and MetaTrader5 terminals here. But I am not using these all and I willshow you how to set these manually. First you see that we have one record per lineand this path shows the Experts folder. I
will delete that. I am primary using two terminals one MetaTrader4 terminal and one MetaTrader5. Let's set this path manually. You know thatMetaTrader4 stores Experts in a special folder. We can reach that from File gt; Open Data Folderand here MQL4 gt; Experts here is where MetaTrader4 stores and from here it loads Expert Advisors.Now I will select that path and copy and I will paste that here. OK. My MetaTrader4 terminalis ready I will add also the path to my MetaTrader5 terminal. I will do the same. Go to File gt; OpenData Folder and we have here MQL5 folder gt; Experts. I will select that path, copy and paste hereand that's all. When I'm using this button here I will export to both MetaTrader4 andMetaTrader5 terminals but also I can add additional
folders. For example I can do that if thisbutton does not find my terminals I can browse these manually and I can use that for addingadditional folders for storing Expert Advisors. OK. I will do that in My Documents folderand I make a new folder here Expert Advisors Backup. That means every time when I'm exportingExpert Advisors the Forex Strategy Builder will put a copy here in that folder. Thiswill be my backup. I have here also another setting. This setting showssets what ForexStrategy Builder will do when the exported Expert Advisor file already exists at thedestination. There are two options. The first one replaces the existing file with a newone. This option simply. when this option
is checked the Forex Strategy Builder deletesthe old file and then saves the new one. By using that option we are losing the previousversion of our Expert. If you want to keep all experts we can set the next option andif you do that Forex Strategy Builder will add a suffix to the strategy name the ExpertAdvisor name and will put indexes: 1,2,3,4. every time when we save a new copy. I willkeep the first option on. OK, we are ready for exporting. We see we have already a generatedstrategy. It's important to remember that when we're exporting Expert Advisors the Experthas the same name as the strategy. So I will save the strategy with another name I'll putfor example My New Strategy. It already exists.
No problem. So my strategy is named My NewStrategy and I will export the Expert Advisor. It's already exported. What we see here isa warning message that the Expert Advisor option is still in beta but probably whenyou're watching this tutorial it will be released as a final version. OK and we can see theexport in our Output Log. What do we see hereé Expert Advisor exported at MQL4 destinationalso at the MQL5 destination and at our backup folder here. Everything is OK. Now we haveto load our Experts in our MetaTrader terminals. When we open the terminal we see that ourExpert is not here. That's because MetaTrader does not reload the files. It does not monitorthe expert folder automatically, so we have