Binary Reaper is an MT4 indicator software that claims to provide over 90% trade accuracy. The video on the front page of the website shows a handful of trades from 2013 as the results for this software so I’m not sure how active or up to date this is anymore.
Today I will be providing a brief review and hopefully getting in touch with the developers of this software to answer some of my questions.
Binary Reaper Review
To start, I emailed the Binary Reaper team a few days ago to see if they are still actively trading the software. I see now they are up to version 3.0 but have yet to respond to my email so I have my concerns with their support response time, something that is very important to me. This developer uses a very similar marketing method to the fee binary options systems on the market. They claim that you can use their software for free if you sign up with a brokerage or you can pay $690.00. Obviously nobody will want to pay $690 as I wouldn’t be surprised if this indicator cost less than that to develop.
The Binary Reaper system is built to work on the M5 and M15 timeframe. The software will provide you with signals telling you to place a put or call and it will inform you to place your nearest expiry. I assume this means if your on a 5 minute chart you place a 5 minute trade and so forth. With claims over over $7,000 of weekly profit I get the feeling this software might be more talk than walk.
I won’t be recommending the Binary Reaper as it’s been on the market for some time and there is little to no information from the community about it. In this market I’ve heard about it all. I also don’t feel the web site or marketing method is very professional. If you have something you would like to add to this review please leave comments below. I look forward to hearing from you soon.