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 info@mt2iq.com. 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.
Details
Type: Binary Options Tool- Price: $300
- Developer: Undisclosed
- Support: info@mt2Binary.com
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.
Conclusion
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.
MT2IQ $300
-
Price - 25%
25%
-
Strategy - 86%
86%
-
Results - 50%
50%
-
Feedback - 77%
77%
-
Support - 79%
79%
Pros
Many paramaters
Good explanation
Cons
Requires client experience / knowledge
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.
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.
Hello,
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!
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
What bout the advice in the posts here?
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.
Can you explain how Aji?
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
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.
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.
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?
Assuming u can get one going, u could use it on multiple VPSs, one for each..
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?
Hi John, so can we get an update?
Thanks
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 :D I’m sure you can talk to the devs right? :)
I’ll look into it for you.
Hi John, so can we get an update?
Thanks
The new version 5.2 is AWESOME!
What’s new about it Lea?
Hello John,
I think you should look at the reviews, comments and his responses on his mql5 site https://www.mql5.com/en/blogs/post/706567/page3#comment_6345689
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.
Hi James, not sure I plan on utilizing this tool, but thanks for letting me know.
Be a champ and help out with the set up hey John
Also, what would you say your main barriers are to using this tool?
Thanks
Hi, Did ask the MT2 guy about this error?
Ok so I can see that u did and were completely ignored, (amongst many other people it appears). I noticed something when I look at the screen shots posted. MT2IQ show the expiry time set to 45mins : o
Let me know if this helped : )
Amazing bot. Thank you for your review.
My pleasure.
Pls share you technique and/or strategy, thanks.
Hi, Which indicator u using
Thanks
Hi. So what indicators u recommend?
Cheers
Sorry to double up. I got memory issues. lol