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Published on November 13th, 2017 | by John Kane

28

Trading Binary Options In MetaTrader 4 (MT4)

Trading Binary Options In MetaTrader 4 (MT4) John Kane

Summary: Is trading binary options on MT4 a good idea? Absolutely!

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Lately, a lot of people have been emailing and asking me about new and different ways to trade binary options. Most traders use platforms that all look very similar, like SpotOption, TraderSoft, Marketpulse etc. These platforms are used by many binary options brokers, but they aren’t the only option.

Today, I’m going to be introducing you to trading binary options in MetaTrader 4. This is something I’ve just recently started testing, and I’ve been very impressed with the results.

Binary Options MT4

A lot of you are going to ask me how is it possible to trade binary options in meta-trader 4? It’s actually quite simple. There are a handful of brokers that deal with Forex first using MT4, that it started to offer binary options services. I am currently testing Core Liquidity, and my first impressions are good. I won’t be providing a recommendation for you do sign up with MT4 binary options broker today, but this is certainly something you can test and trade on demo account.

What I really like about trading binary options in MT4 is the fact that I receive all of my signals in this platform already. Right now I have over 20+ charts open in my account running Binary Strategy. You can see this in the example below. What I really like about this, is that I can receive the trades and placed the trades in the exact same place. This makes it easier for me to analyze the charts and do basic price action to ensure that the trade signal is worth trading.

How To Trade Binary Options In MT4

It’s actually extremely easy to trade binary options in meta-trader 4. All I do is this, when I receive a signal, I right-click on the chart, select trading and then select a new order.
Then, you will see that this pops up a very simple binary options trade window. Here you will see all the important binary options aspects you are used to. Such as, the pair that you are trading, the investment you want to make for that trade, the expiry time, the pain win payout percentage and the trade return. Once you open the trade, it will use the meta-trader 4 prices to determine the outcome of that trade. This is much more effective than most binary options platforms because this platform doesn’t have a long history of market manipulation like most binary options brokerages. I feel like this separation alone is worth giving it a shot.

Binary Options Demo Account In MetaTrader 4

Another major benefit of trading binary options in meta-trader 4, is how easy it is for you to paper trade. You can open a new MT4 demo in the matter of minutes, without ever having to fill out any real information. This makes the process fast, and gives you the opportunity to trade without any risk at all. This is a great way to test and work on your Binary trade strategy, and it’s something that I do all the time. Trading binary options in this manner, can help you develop new strategies and become a lot more comfortable with taking calculated risk.

Every time I’m working on a new strategy, or trying a new binary options software or signal service, I always use an MT4 binary options demo.

Binary MT4 Results Tracking

Another reason why trading binary options in MT4 is effective, is because it allows for results tracking. You can use tools like Myfxbook to keep track of all your trades and even share them with the community. I haven’t done this yet, because the majority of my live trades aren’t on this paltform, but I would like to at least provide a trading session or two in this manner to show you exactly how I operate.

Conclusion

There are many benefits to trading binary options on the MetaTrader 4 platform. What do you think about this concept? Thanks for reading and please leave your comments and questions about this new way to trade below.

To download the application that lets you trade in your MT4, just click here.

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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.


28 Responses to Trading Binary Options In MetaTrader 4 (MT4)

  1. Martin says:

    Hi John

    Do you know any compatible MT4 binary options brokers.Binary options directly on the MT4 platform?
    I know only CLM and GDMFX.

  2. Desmond says:

    Hi John,

    I think this provides a good opportunity for automation. I am pretty sure that the development team of Forex steam can definitely find a way to automate binary options using systems such as Binary5 or Binary strategy on MT4. This would be awesome. What is your take on this?

    Regards,
    Des

    • John Kane says:

      Hi Des, it’s a very interesting thought. I wouldn’t mind more automation in my life, but we still need compatible MT4 binary options brokers. There are still very few.

    • Anthea L says:

      Hi Des,

      I also like the sound of trading binary in MT4 (and automation)
      Do you use Forex Steam?
      Thanks kindly in advance for sharing your experience.
      Ax

  3. Anthea L says:

    Hi John,

    will you be doing a review on the broker – Core Liquidity Markets – shortly?

    I have just completed a trial demo period with them too and have found it very useful to be able to trade from my MT4 platform.

    They have confirmed that live accounts will host 29 currency pairs across 10 timeframes with better payouts than offered on the demo account (between 70 and 80%)
    All 29 pairs are available on 30min, 45min, 1hr and 2hr.
    27 pairs available on 10 and 15min.
    26 pairs on 20min and 18 pairs on 5min.
    10 pairs on 60seconds and 7 pairs on 2 min.

    It all sounds good from this perspective, but more importantly, are they safe to trade with?

    Thanks kindly for the amazing service you offer.
    Ax

    ps – are there any brokers you know of that are using FX Lite?
    I like that they include a mix of stocks and commodities for binary trading

    • John Kane says:

      I’m confident in CLM Anthea. They seem respectable.

      • Anthea L says:

        Thanks kindly for your vote of confidence John.

        Also, are there any brokers you know of that are using Trade Tools – FX Lite?

        Thanks for your input
        Ax

        • John Kane says:

          Isn’t CLM Forex using it? It felt the same to me.

          • Anthea L says:

            I am demo trading with FX Lite now – it seems slightly different to me and definitely has a lot more available assets to trade. (or is this something the broker is able to change before offering it to clients?)

            Slightly fewer currency pairs but includes nearly 40 additional indices, commodities and stocks.

            Ax

          • John Kane says:

            The broker is in control of the assets they provide.

  4. Katrina Dodd says:

    I downloaded the link to my computer and I too dont see the screen that is in the write up and I closed the program and reopened any other ideas to get it to work?

  5. Par says:

    Hi!
    I guess you would need a broker that allows binary options through the MT4 platform right? Not just any Forex broker with MT4? If so, where can I find such broker?

    Thanks

    /Par

  6. Henry says:

    Hello there,

    I just came across your website and love your stats that you leave your job and turn into a full binary option trader, Wish I can do that soon, have many losses before, I hope I can more,

    Nice website by the way.

    If you do have a newsletter I would definitely subscribe to it.

    Thank you

  7. Tolulope Abolade says:

    Which broker’s MT4 app do you use?

  8. Brian Malone says:

    Can I use an EA to trade?

  9. Jon says:

    Hi John,

    I noticed that after I select New Order on a chart, a window appears that looks more like a forex trade window rather than a binary options window.

    Any thoughts or suggestions?

    Thanks very much, sir!

    • John Kane says:

      Try restarting the platform Jon, and make sure you installed the file correctly.

      • Katrina says:

        i have unistalled meta trader 4 and reinstall and the fx lite dose not work for me

        • John Kane says:

          After installing FXLite, you should have an FX Lite for MT4 shortcut on your desktop. Make sure you are opening MT4 by using this shortcut. Hope that helps.

          • Katrina says:

            ok i finally figured it out you have to go to market watch and right click and click on show all that shows the symbols with binary options ie: EUR/USDbo to get it to display then when you right click im finally seeing the binary option trading

          • John Kane says:

            My apologies, I assumed that would be known, but I’m glad you are pointing it out.

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