Abstract
Many people choose to trade binary options because it is not difficult to understand. They need to predict whether the price will be higher or lower than their open position in a specific timeframe. The most popular timeframe for binary options traders is the M5 (5-minutes). Many traders prefer to use a candlestick chart model to predict. We use SVM (Support Vector Machine) to indicate the next-candlestick based on the previous-candlestick features in this research. This paper uses six features such as Open Value, Close Value, High Value, Low Value, Volume Value, and previous Candlestick Color on each candlestick. The result of the prediction accuracy using SVM is only 56%.
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