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Published on January 3rd, 2018 | by John

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Tool Review: MT2IQ

Tool Review: MT2IQ John

Summary: Looking for a way to automate your binary trading strategy? This may be the answer.

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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.

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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.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


12 Responses to Tool Review: MT2IQ

  1. 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.

  2. JUAN R VALENZUELA says:

    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?

  3. 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?

  4. 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? 🙂

  5. Lea says:

    The new version 5.2 is AWESOME!

  6. James says:

    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.

  7. Arne Silber says:

    Amazing bot. Thank you for your review.

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