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  1. #1
    Veteran Member randy1953's Avatar

    Trade Binary Options from your MT4 !!!

    I already posted this in response to a question Martin had on another thread however because I feel this info is very important I started a new thread.
    Read more below.

    I just had a nice talk with a company Trade Tools Fx.
    Here's a link for them
    http://www.tradetoolsfx.com/partners.html

    They have the software and a host of Forex brokers that now have this plug in so if you trade Forex you can trade Binary right from your MT4.
    they also have a few BO partners.
    So you or anyone not in the US can use one of their affiliated brokers(They have some very good ones) and trade Binary Options from your MT4.
    Ted the person I was speaking with also said they are trying to get their software in Nadex both Trade Tools FX and Nadex are based in Chicago.

    so please take a good look at Trade Tools partner page.
    From the client side the transparency that trading from the MT4 is great plus he said no lag time very fast because it uses the MT4 servers.
    If they can get Nadex it would be a winner for sure for traders in the US. You no longer have to try to use a very confusing platform and trade right from your MT4.
    I also asked the Trade Tools rep if he would contact Trade thunder to see if they were open to this and said he would.
    who knows but at least now you have the info needed to begin trading BO on your MT4.
    You no longer need to go to a Binary Option broker now you can go to a good Forex broker and trade Binary Options.

    This really opens up a whole new world for the BO trader. what this means is you can pick a large Forex broker that has years of a good reputation with no worries about withdraws etc and trade your options right from them.
    Now of course you would need to select a good Forex broker to do this but that should be much faster and easier than dealing just in the world of Binary Options. The other plus is if you want to try and learn to trade Forex you don't need another broker. To be honest with more and more well reviewed Forex brokers going this route to allow their clients to trade Binary well I see the idea of sole Binary Option brokers becoming a thing of the past.
    Also if you have any type of issues regarding your trade you can talk with a Forex professional instead of some sly guy on the floor trying to rip you off.

    So now lets say you have the plug in on your MT4 what's next?
    This company has designed special Binary Options alerts check this out?
    http://www.tradetoolsfx.com/news/tra...ochartist.html

    I don't know about you but I am totally sold on what these guys have done to produce a much better Binary Option trader.
    This at least for me is the only way or best way to trade Binary Options. However for me and tons of other traders that live in the US the problem still is to find a broker in this case a Forex Broker that will take US traders

    Lastly I want to say I am in no way affiliated with Trade Tools and this is not a sale pitch of any kind I am just extremely enthusiastic about this and the future of Binary Option trading. This can and will change the Binary Options trading world. No longer the need to have separate monitors and time lag between the time on your MT4 and Binary Option platform it's all right there in one click!

    Below is also the contact info for Trade Tools FX
    these guys seem very professional
    Headquarters: 100 S. Wacker Suite 225
    Chicago, IL 60606
    E-mail: sales@tradetoolsfx.com
    info@tradetoolsfx.com
    Phone: +1.312.504.2081
    +1.312.772.2081
    Last edited by randy1953; 12-23-2015 at 12:19 AM.

  2. #2
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Martin Kay View Post
    nevertheless, the problem is not the lagging between MT4 and your BO broker, it's more about the expiry calculation. When we analyze via the mt4, and go and place our trade on the broker's platform, we already know the differences (assuming we did it more then once or twice). I wonder.. What would tradetoolsfx say if the price on their terminal closes ITM, while the trade on the broker's side closed OTM..."

    Yes it's a very good question however their software comes with a Admin part that allows the broker to adjust just about everything.
    What we already know from testing we did on your forum using MT4 price vs Binary Brokers is with most of them there was a lot of deviation not that the price was different but it did not follow the same line this is horrible for the trader. Now if the price does follow the same line as the MT4 price but is different because of the broker spreads etc which you would expect it to be they why not change that price to go along with the Binary broker price then it's accurate and all are happy.

    I think we have probably over 30 Forex brokers now that allow you to trade Binary Options. Those brokers do exactly what the Binary brokers do they set all the expiry times, payouts etc in effect they become both Forex and Binary brokers. The difference is the price never changes with them at the end of the day those Forex brokers allowing Binary get their money just like a separate Binary broker does. They just calculate it to work for them.

    I guess what we need is one of our members I can't being in the US to open a account with a Forex broker that allows Binary option trading and give it a try and then report back.

    Also it's clear to me if your Binary Broker price shows a lot of deviation between your MT4 price then that is exactly why you don't see most of these Binary Brokers coming over to allow use of the MT4. the reason is simple they either have a very bad data feed which I highly doubt , they have not so good software which is a bit more possible or they manipulate the price which is my bet. They have it all set up like this and do not want it messed with clear and simple. As long as you don't see any deviation then you should be fine but if your brokers shows this I suggest never trade with them again because they are scamming you. Again no deviation then the Binary Option broker should have no issues for their traders to trade from the MT4 the reason is you are using the same price line and that price can be adjusted in the Admin on the MT4 to be exactly the same price that the Binary broker has on their side. In which case if you are ITM on the MT4 you have to be ITM on the Binary side. Those price adjustments are already there so there should be no reason why a honest Binary broker would not allow this but many reason why a dishonest one would not.

    But Martin is correct it's a shame that our very good brokers such as StockPair will not allow this software so it's traders can trade from their MT4. In the test we ran StockPair shows really no deviation at all also we compared StockPair to a Forex broker Hot Forex and again it was very accurate so what are these guys afraid of. do they think that this will help the traders so much that more winners will show up and they lose a little more money?

    what will happen as more and more large Forex brokers begin to allow Binary trading right from the MT4?I like StockPair and if I could I would live trade with them but folks why such hesitation on this. Trade ToolsFX offers the perfect software solutions. It may just be a big ego kind of thing the broker owners sink so much money and energy into their trading platform they want all to use it therefore give no choice. No matter how good StockPair platform is they can not hold a candle to the tools and abilities of a MT4 platform and that imo is part of the problem
    Last edited by randy1953; 12-23-2015 at 09:13 PM.

  3. #3
    Administrator Martin Kay's Avatar
    I completely agree with you Randy. I had an interview with one of StockPair's highest officials - http://www.binaryoptionsthatsuck.com...ith-stockpair/
    I asked him about MT4:
    10. I know many traders are using 3rd party software and online charting like MT4 or NetDania for better technical analysis. Are you thinking about introducing better charting and the ability to use technical indicators? If yes, when?

    We are offering basic TA features on the platform, and evaluating advanced solutions as you mentioned, it will be available in a few months’ time

    Really Really Really hoping that happens indeed. The more experienced traders should have MT4 access directly into trading platform.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  4. #4
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Martin Kay View Post
    I completely agree with you Randy. I had an interview with one of StockPair's highest officials - http://www.binaryoptionsthatsuck.com...ith-stockpair/
    I asked him about MT4:
    10. I know many traders are using 3rd party software and online charting like MT4 or NetDania for better technical analysis. Are you thinking about introducing better charting and the ability to use technical indicators? If yes, when?

    We are offering basic TA features on the platform, and evaluating advanced solutions as you mentioned, it will be available in a few months’ time

    Really Really Really hoping that happens indeed. The more experienced traders should have MT4 access directly into trading platform.
    thanks Martin we can hope. hopefully stockpair will allow MT4 trading into their platform and not just add a few more auto indicators into their platform. Stockpair would be a very good choice since their price line is already right on with MT4 price line.
    Merry Xmas

  5. #5
    Legendry Member milos's Avatar
    I used MT4 charts for trading. I used to.

  6. #6
    Veteran Member randy1953's Avatar
    Well someday sooner than later we are hoping that good BO brokers will let you trade directly from your MT4. the way it is now hurts a person trading you have to have 2 monitors or another window open so you have both screens not to mention all the price deviation you have with many brokers. the price will always be different more or less because the broker price will be a average of the high and low but there should not be any deviation when you see this it's time to use a different broker.

  7. #7
    Moderator Kolyo's Avatar
    It will be really very good improvement if we can handle our trades directly from the mt4 charts because this will safe precious seconds especially in short term trading. For more long term traders it is not a problem to make charting and trading on two different platforms.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  8. #8
    Rookie Member Felo's Avatar
    Perhaps my very first post should be in the "Introduce Yourself!" section but I'm sure I'll be forgiven.

    Trading directly from mt4 would definitely beat the constant toing and froing between the broker platform and chart analysis window. This has to be the future of BO trading, especially with the introduction of BO by an increasing number of forex brokers. I went through another thread here that highlighted the dangers of banking all our money with brokers who deal only in BO, especially when involving large sums.

    I understand that the BOTS team are working on reviews of such brokers like ETX and GDMFX,and we already have a review of IG. Thank you guys. It would be very helpful to have more reviews of forex brokers with BO trading eg gomarkets, and if there could be a way of identifying them as such on the brokers list it would be greatly appreciated.

  9. #9
    Administrator Martin Kay's Avatar
    Quote Originally Posted by Felo View Post
    Perhaps my very first post should be in the "Introduce Yourself!" section but I'm sure I'll be forgiven.

    Trading directly from mt4 would definitely beat the constant toing and froing between the broker platform and chart analysis window. This has to be the future of BO trading, especially with the introduction of BO by an increasing number of forex brokers. I went through another thread here that highlighted the dangers of banking all our money with brokers who deal only in BO, especially when involving large sums.

    I understand that the BOTS team are working on reviews of such brokers like ETX and GDMFX,and we already have a review of IG. Thank you guys. It would be very helpful to have more reviews of forex brokers with BO trading eg gomarkets, and if there could be a way of identifying them as such on the brokers list it would be greatly appreciated.
    the ETX review is coming out soon (:
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  10. #10
    Administrator Martin Kay's Avatar
    Interesting updates:
    http://www.financemagnates.com/binar...inary-options/

    Exclusive: SpotOption Develops Robot Trading Solutions for Binary Option

    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

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