How to Get 100’s of FREE Indicators for MT4

By | April 3, 2014

Thursday, April 3rd, 2014 by Michael Freeman

There are many different trading approaches, tactics and indicators to assist you with binary options trading. The bright side is that all the complication calculations and formulas are no longer required in order to properly analyze price movement and predict a trend. New and seasoned traders seeking to dive-in deeper and emulate the professional strategies that professional day traders are using, can get access to this information free without paying a single dollar!

As with any product that involves a great deal of demand, there’s always a paid version to every product that’s being offered free and you can bet that online advertisers will leverage on this opportunity and try to sell you binary options indicators for Meta Trader 4, while you can get 100’s of free indicators without paying a dollar to anyone. Quality is not always measured by the price tag, as they say “The best things in life are free!” and it’s definitely the case when in comes to binary options indicators and strategies. Instead of wasting a lot of money and finding yourself paying for something that might not delivery, you can get plenty of valuable information with a quick research and test the “free stuff” before you start buying for paid indicators, training and strategies.

If you are not familiar with MetaTrader 4 and how to setup indicators checkout this video! META TRADER Tutorial Video!!


Now that we understand what Meta Trader 4 is and how we can use it to our advantage, we need to learn how  to setup the technical analysis indicators on the charts. Some Indicator service providers like Boss Indicator or Binary Reaper will sell you indicators for anywhere between $50-$200 while you can download these indicators free or customize the available indicators that already come with Meta Trader 4.

Download 100’s of Free Indicators!

On MQL4 you can find thousands of trading scripts, signals, indicators on a free peer2peer sharing network. Mt4 is %100 open source which makes it the most powerful advanced charting solution for Forex and Binary Options.

If you are interested to learn how to create your own custom indicators based on your favorite asset and expiry (5,10,15 minutes) you can follow this simplified guide on Investopedia  How To Create an Indicator on Meta Trader 4?

Checkout the Fence Trading strategy with the Bollinger Bands indicator and a detailed list of binary options indicators!

14 thoughts on “How to Get 100’s of FREE Indicators for MT4

  1. Franck

    I just used a binary reaper interéssant programe the only care program but another indicator it works great reaper binary and binary comodo same person.

  2. Samantha

    Hi Mike and everyone else, have you heard about Binary Comodo Indicator? Do you think it’s a scam? this is the website

    Please help me out and decide if i should go with it!

  3. zdenek zimcik

    Hi Mike..what is your opinion on Lone Wolf signals? what they have ITM% ?

    1. Michael Freeman Post author

      Hi Zdenek, I am not personally following them as I offer my own signals. However, my good friend Paul is very trust-worthy, you might know him from YouTube, and he highly recommended them as well as a couple of my subscribers so it’s definitely not a scam. I am not exactly sure as to the performance but I am pretty sure it’s a decent service.

  4. lawrence

    Hi Michael, great reviews and super information, honest and tops! thank you for sharing with us

  5. Charles Tuning

    Nobody, I repeat nobody should ever buy Binary Reaper indicator. These guys are Nigerian scammers and fraudster operating from Cyprus. They hacked my Skype and lied about me using Binary Reaper indicator and place it on YouTube. As I write this comment Australian Federal police is currently investigating this matter. Don’t add them to your Skype or make any contact with them.

  6. david

    is it true that when they provide you with the direction the asset is going to, you have to choose the opposite direction?

    1. Michael Freeman Post author

      It was true with the first version of the Bot but in one of my latest articles I explained the difference between the first version and the new version in reference to the proper setting and the trading approach which is different from what it was before and what you might be seeing in some of the videos on YouTube. Option Bot 1 VS Option Bot 2 article

  7. david

    is it true that when they give you the direction the asset is going to, you have to choose the opposite direction?

  8. david

    hey michael, i was wondering if you personally use option bot 2, and if you have had any success with the program?

    1. Michael Freeman Post author

      I’ve been using the Option Bot 2 for about 3 months now and it’s the only software I had success with for more than a few weeks. There are a few other reliable services but if you are looking for a good signal software, as far as what I am familiar with the Option bot 2 is the best one.

  9. Joe

    Hi Michael,
    i have the intention to register with top option and option bot2. what do you think.

    1. Michael Freeman Post author

      Hi Joe, the Option Bot2 is a great choice if you are looking for a serious binary options software. Topoption is EU regulated and they are definitely one of the best brokers so it’s a good combination. Checkout my latest post on the Option Bot 2 Have a great weekend and thank you for the comment! Mike


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