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Published on January 3rd, 2018 | by John Kane


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 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:

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 2008/2012.

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 2018.

If you’ve tested this software, or you just want to leave your thoughts, please write a comment now.















  • Many paramaters
  • Good explanation


  • Requires client experience / knowledge

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About the Author

I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

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32 Responses to Tool Review: MT2IQ

  1. josh says:

    Does anyone run forward test MT2IQ version11.15 with Binary Strategy? The video demonstrate to apply “BinaryProfit” and “MT2IQ _Connector”. Looking forward if anyone can share their setting of both indicator.

    • Steve says:

      Is anyone using Binary Strategy and MT2IQ connector. I have them both installed but no trades. I have left the buffers at 0 and 1. Any help would be appreciated.

  2. Juan Pablo says:


    I’m currently testing the demo version and I’ve decided to use the following way and it’s actually steadily working:

    1. I don’t use martingale because it hasn’t been working properly for me so, I just deactivated it.
    2. I enable it through the London and New York sessions ONLY (between 5:30 AM to 5:30 PM) since is the most liquid sessions of all.
    3. I set the minimum payout to 75%.
    4. I set each order of 5% of capital.
    5. I set the daily profit to 75% of 5% of capital so after the first order win I stop trading until the next day.
    6. The only thing I still don’t know how to do is set the daily loss… I’m still trying to figure it out.

    If you guys have any idea how could I set the section 6 please tell me.

    Thank you!

  3. G Kumaraguru says:

    The new version is failaure . version I brought lifeime . I am facing a loss day by day so pls don’t buy the software it humble request . I start trade 177 usd now I have 35 usd in my account my wat up 919840079769. It is

  4. aji says:

    this is not a good software. i will say its a money eating software.i hav lost nearby 200 usd in two days. pls dont buy.

    • John Kane says:

      Can you explain how Aji?

      • Aji says:

        Most of the trades are lossing. While it makes 10usd profit 50 will go in loss. I hav put 400 usd to start. Wen it cames to 200. I quit. One week i used and there is no result. Its a waste of money. I bought for 100 usd for one month.
        Yesterday i put in demo accnt and funny part is its (-147.50now) really utter waste software

        • John Kane says:

          The software comes with a ton of different settings. I assume that the default settings are letting you down. You likely have to make adjustments to the settings to find a winning approach. Feel free to show your current results and settings to help the community.

  5. Marcin says:

    I don’t recommend this bot.
    First , I’ve tested it in trial , the result after a few days was amazing , 100% win.
    Then I decided to buy a MT2IQ and run it on a real account.
    All settings according to the publisher.
    Guess what?
    After a few wins , the bot cleared the entire deposit.
    Then I contacted to the publisher to ask what happened to the bot .
    I’ve got sarcastic answer like “ask the market? what happened”.
    Once again I completed the deposit.
    I’ve changed the settings according to the publisher’s recommendations and again after a few days, MT2IQ bot cleared the half amount of deposit , but this time I predicted this scenario.
    My suggestion is : keep away from MT2IQ , otherwise You follow my example.

    • Lea says:

      The bot executes trades fast according to the indicator(s) and settings you use. It’s suggested that you trade successfully in demo for at least a week before going live. The market conditions are constantly changing so creating different volume profiles and pausing for high impact news can help avoid getting eaten by high volume sessions. The bot is not to blame for your losses but your strategy. The included indicator in the bot is not the best in the market for sure it is just a free indicator.


    I downloaded the trial. How can I get to connect more indicators other than the one MT2IQ comes with? Like 4 indicators being able to connect at once? Where can I search info to help me with this?

  7. Panos says:

    HI, great bot! I tested on win10 and work fine, but I installed it on win7 and does n’t open. Double clicking th icon nothing gonna happen. Any ideas?

  8. Achylles says:

    I’m currently using this tool and having success with it. if only the binary strategy indicator could incorporate the buffers in it, then my system would be fully automated. please make this happen John 😀 I’m sure you can talk to the devs right? 🙂

  9. Lea says:

    The new version 5.2 is AWESOME!

  10. James says:

    Hello John,

    I think you should look at the reviews, comments and his responses on his mql5 site
    There he explains the buffer feature. I’ve tried it with an indicator HMA Trend and it worked perfectly but it couldn’t work with B5 or BTT giving some error on the terminal. Since you are used to the codes on this software you could perhaps help with setting it up correctly.

    Honestly this process makes trading fun.

    Anticipating your opinion.

  11. Arne Silber says:

    Amazing bot. Thank you for your review.

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