Tool Review MT2Binary

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Tool Review: MT2Binary

Today I’m looking at a new tool that allows for the automation of binary options trading directly on MetaTrader 4, MT2Binary. The goal of the tool is to allow traders to bridge their MetaTrader 4 platform with the broker. At this point in time, it doesn’t seem like the software works with other brokers, but hopefully this technology can expand to more platforms over time. As an avid MT4 user, I have obvious interest in using this platform as much as I can.

It is unknown who the creators of this tool are. At one point in time they had an about page, but this isn’t functional anymore and is just returning a 404 page not found error. To get in touch with the support team, traders can email [email protected] or skype [email protected]. It would nice to get more information about this vendor before signing up with their tool.

MT2Binary Review

The process is explained simply on the MT2Binary website. The “MetaTrader connector sends signals to МТ2Binary bot” which places those trades for the trader on their account. Keep in mind, that this is just a tool that allows you to automate your trading. This tool does not provide you with trading opportunities. You would still need a separate binary options indicator or trading system that sends binary options signals in your MT4, which are then automatically traded with the brokerage.

I’m currently looking into ways, and discussing with developers as to how this could work with the best binary options software currently available on the market. Utilizing binary strategy, or binary today trader in this manner would be a very efficient way to make passive income in the binary options market.

The only issue here is that if you don’t qualify for a account, you are essentially out of luck. I mentioned this earlier, and I’ll mention it again, I do hope that this type of technology can be ported to other platforms, as this would make the entire process more viable.


  • Type: Binary Options Tool
  • Price: $150
  • Developer: Undisclosed
  • Support: [email protected]

Currently the MT2Binary software is going for $150. For this price, traders get access to the connector, and the library. The connector will connect directly to signal indicators and pass those trades along to your account.

As much as the developers want the process to come across as quick and simple, I believe some knowledge will be required here in order to get the most out of this technology. I wouldn’t recommend this tool to a beginner, or even someone who’s just working their way to the intermediate stages of trading and different trading platforms.

Who Should Use This?

I believe that traders with an expansive knowledge of the market, that are looking to automate their own personal strategies are the main market for the MT2Binary tool. It’s possible in the future that this will be easy for everyone to use, but between installing this system and then finding an indicator that works properly, there can be quite a few issues throughout each of these stages.

Going forward, I think that this technology shows a lot of promise, and is the type of thing I’d like to see more of in the binary options market.


I only recommend the MT2Binary to traders with experience in the markets, the need to automate their strategies and have access to the broker. Remember, this only works with at this point in time, so if you cannot access this broker, then there is no point for you to buy this software.

I hope that one day binary options brokers will find their way onto the Metatrader 4 platform for good. I think I speak for everybody, when I say we are tired of trading directly on the brokers website, instead of with a standalone platform like MT4.

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Thanks for reading the review, and please let me know your thoughts about this new technology.

Tool Review: MT2IQ

In my attempt to find new ways to approach the binary options platform, I’ve recently come across a tool that’s built to connect meta-trader 4 to IQ Option, MT2IQ. With the exact same design, it’s clear to say that this tool comes from the same developers that brought us the MT2Binary system I reviewed just over a month ago.

I still have no further information about who the creators of this tool are, but they can be contacted via email at [email protected] They also have a Facebook page with a couple of posts, but there isn’t very much information listed here.

MT2IQ Review

The purpose of the MT2IQ software is very simple. The creators want to provide traders with a tool that will allow them to automate the trading process by connecting MT4 with the IQ Option, binary options brokerage. The system is built to support MT4 indicators and expert advisors, so that when you receive signals, they can be automatically placed with the binary options brokerage . The tool is built to work with all currency pairs and expirations, while continuing to provide fast execution of trades.

The main sales page comes with an instructional video that is 6 minutes long, and shows the process from beginning to end.

In order for the process to be automated, traders can use the supplied “BinaryProfit indicator or any other arrow indicator,” that they already own. The software will then read when an arrow is placed on the chart, and it will automatically send this trade to the IQOption brokerage.


  • Type: Binary Options Tool
  • Price: $300
  • Developer: Undisclosed
  • Support: [email protected]

The MT2Binary software, which was this developer’s original project, was going for $150, so there’s been a significant increase. One thing I do appreciate about this tool, is the fact that you can download the software for free to utilize on a demo account. This is a great way of making sure that the software suits your needs, before you purchase the full version.

The software is built to work on windows 7, 8, 10 or Server 2008/2020.

How It Works

After setting up MetaTrader 4 to automate binary options , traders will have to put the MT2IQ connector software on their charts, along with the indicator that provides signals. Then, in the connector tool, traders are required to set their expiration time, trade amount and set auto trading to on.

The video goes on to tell us that we need to set buffer numbers, but I’m not sure what they mean by this. This is likely something that is discussed in their guide, as it’s not shown in the video. Traders also have the choice of whether or not they want to enable the martingale feature, which will automatically attempt to recover funds after losses. I am not martingale subscriber, so I do not recommend setting this aspect of the system to true.

I imagine you have to put your login details somewhere in the software as well, this isn’t covered in the video either.


I’m certainly intrigued by this new approach to binary options trading. I’m always looking for new ways to automate my strategies, so it’s likely I’ll spend some time with both MT2Binary, and MT2IQ in the near future deceive these trading approaches work with Binary Strategy, and Binary Today 5, the two MT4 based signal providers that I’m using most frequently in 2020.

If you’ve tested this software, or you just want to leave your thoughts, please write a comment now. Review: is MT2IQ A Scam? Review: is MT2IQ A Scam?


Last Updated: Apr 18, 2020 @ 4:33 pm

MT2IQ is a tool meant to connect MT4 with IQOption brokerage. Just in case you don’t know, IQ Options is a brokerage for CFDs and binary options. They are one of the most reliable brokerages you can approach if you want to trade these instruments. So if you have not yet signed up, we advice that you do so by going to this page and selecting the broker. In the meantime, let’s continue reviewing MT2IQ. We have also discovered that this tool originated from the same developers who created MT2Binary system. The success of the tool will depend on the success of this team and their previous products.

In as much as these people can be contacted through [email protected], we still don’t have much information about them. They are completely anonymous, which we think is working against them because a good developer needs to have a proper introduction of who they are and where they are based. Otherwise, it will be quite difficult to trust them if this information is nowhere to be found on their website. In addition to this, the team has a Facebook page with a few posts therein but there isn’t much in that social media page. So we can say that they are anonymous in as much as we know that they developed two products.

Having said this, we will go ahead and review the tool which is called MT2IQ. But if you have any questions which have not been addressed in this review, you could consider contacting the developer of this tool or asking us in the comment section. We welcome feedback if it is constructive.

MT2IQ review

The working and purpose of this tool is very simple. It was designed to automate the process of trading by connecting MT4 trading platform with IQ Options. We know that MT4 is the most popular trading platform for Forex trading. A huge number of Forex traders use it for their trading and new traders get introduced to this platform almost on a daily basis. You can now see why the software is popular in the trading market place.

MT2IQ is built to support expert advisors and trading indicators which are found on MT4 software. In fact, this trading platform has many built-in indicators and the charting feature is also very good. If you find a way of automating your trading strategy using this MT4, then it can work to your advantage. In other words, you can connect with IQ Option using MT2IQ, which can also automate your trading in this broker’s platform using the expert advisors or trading indicators which you’re using in the MT4 trading platform. It is, therefore, a very interesting tool. The tool is designed in such a way that it can work with all time frames and currency pairs. It works well with fast executions too.

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The homepage of this product has an instructional video which shows how the tool works from start to finish. This video is good because it gives you a clue on how the tool works and how it should be set up once you have purchased a license. The developer claims that in order to automate binary options trades, traders can use BinaryProfit indicator or any other arrow indicator. Once the connection has been established, the tool will read the charts and what the indicators are doing and when a trade opportunity is found, it will send the signals and execute them automatically on the other end.

The price of this tool is $300. The MT2Binary, on the contract, was selling for $150. This is quite a huge gap and one might think that MT2IQ is probably more advanced than the previous tool for trading binary options, hence the price difference. Now, the one reason why we appreciate this tool is that it can be downloaded for free and used in any broker’s platform for demo purposes. This means that if you are not sure whether to purchase it, you can simply commit to testing it just to see whether or not it works.

How MT2IQ works

The moment the MT4 software is set up to trade automatically and connect with this tool, everything will be ready for automated trading. But you also have to engage the indicators that provide the trading signals. In the connector tool, users are required to define trade expiry time, the amount and whether or not they want to automate their trades. This instructional video also tells us that we need to set up buffer numbers but we are not sure what this phrase means in relation to how this tool works.

We hope that the developer will explain what this means in the user guide because it has obviously been skipped in the video. Users can also set it to trade based on Martingale style of trading. The thing with this style of trading is that it can quickly wipe your trading balance since it is always seeking to recover lost funds, thereby gambling unnecessarily. For that reason, you are not supposed to choose a Martingale style of trading unless you want to lose your trading balance. This defies the logic of trading in the first place.

We also imagine that if you want to get started, you will have to put your login details somewhere on the app in order to get started. They have not told us so on the instructional video though.

Our best advice for you

If you are always looking for new ways to automate and trade Binary options, this tool can be a great deal so long as you have tried it on demo and seen how it works. But if you have not tried it out, you should not jump into it without first conducting due diligence. It might cost you. For now, we are also recommending other tools for trading binary options. If you are in no need of the hustle (because we are sure it will take a long time to find the sweet spot), you can simply opt to use these tools instead.

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Binary Pulse v1.0 – 66% Win Rate (2020.01.01 – 2020.03.31)

I’m here to promote my new binary indicator ( Binary Pulse v1.0 )

I am not affiliated with any broker, however, I can highly recommend, IqOption and Nadex (for US traders).

I’ve been using these brokers for a few years and I’ve never had a problem with them.

I do not recommend any broker that makes use of the FX LITE plugin, such as GDMFX, NoaFX, GoMarkets, GrandCapital, CLMForex and others.

Regarding automation, you can use the mt2binary bot for or mt2iq bot for iqoption, these bots are 100% compatible with Binary Pulse.

If you need further assistance, please do not hestitate in contacting me.


Hey Pedro, please give us some screen shots of the charts set up, a signal and trade, that would be great, it would help get your message out.

Sorry for the delay in answering you. I was working on updates that should come out in the next few days.

Binary Pulse v1.1:

Binary Pulse v1.2:

The recommended timeframe is M5 and the expiration time is 5 minutes.

OK, great, that’s what it looks like. Show us a chart with signals and how you are supposed to trade them, or is this an autotrader EA?

No, it is not an autotrader, but you can automate my binary indicator (or any other) using the mt2binary / mt2iq tools.

Obviously, it is a black box system, so what is the point in sharing screenshots with signals? If you wanna give it a try, download the demo version here.

That mql5 link contains all the instructions that you need, including video presentation, product overview, reviews, demo version etc.

I am glad to announce that Binary Pulse v1.4 is now available.

New features added:

* allow_call / allow_put
* custom trade expiration
* maximum consecutive wins
* maximum consecutive profit
* maximum consecutive losses
* maximum drawdown

If you need further assistance, please do not hestitate in contacting me.

Hello Pedro, I tested your signals (downloaded demo of binary pulse) on EURUSD but only with 1 minute chart as I don’t have 5 minute historical data.

Will you please be so kind to give me link to 5 minute historical data for year 2020 and for 2020 (Jan-April)

For what I saw your signals are doing great and I am very interested in buying them.

Also, do you provide some kind of tutorial for attaching signals to “alert”?
I need alert to call my software with some kind of parameters (something like myautotrader.exe -t EURUSD_5MIN_CALL)

Thanks in advance.

You can download data at any time from your mt4 platform, please open your platform, go to tools / history center, then select the currency pair, select the M5 timeframe, now click in download.

“Also, do you provide some kind of tutorial for attaching signals to “alert”? I need alert to call my software with some kind of parameters (something like myautotrader.exe -t EURUSD_5MIN_CALL)”

Regardless of the software or EA that you are using, it only need to call the buy / sell buffers (buy/sell arrows) from my indicator.

Normally these tools have an input like “call_buffer” and “put_buffer”. Pulse’s buy buffer(call_buffer) = 0 and the sell buffer (put_buffer)=1.

You only need to set it up. However I highly recommend the mt2iq or mt2binary tools, they are 100% compatilble with Pulse. (I am not their affiliate).

And note that the recommended timeframe and expiration are respectively: M5 / 5 minutes.

If you still have any doubts, please send me a PM in mql5 community or send an email to [email protected]

Best Binary Options Brokers 2020:
  • Binarium

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    Perfect for beginners!
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  • Binomo

    Only for experienced traders!

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