Free Binary Options Indicator for MT4 – Binary Viper v 1.0

binary mt4 indicator viperDo you use MetaTrader for your technical analysis to support your binary options trading? If not than you should really think about using this to your advantage. Charting provided by binary brokers are often not adequate enough for serious price action analysis. If more elaborate charts are offered you still don’t get the option to save your configuration settings and add custom signals to the chart view. There are other benefits in using free MetaTrader software to trade binary options.

For example, you can view multiple charts at the same time and you can create and save templates. You can basically configure the entire look and feel of your charts. The most important thing, however, is the possibility to extend the software and add custom indicators.

Binary Options MT4 Indicators

There are many binary option indicators out there, some are as costly as $600 and some are completely free. The expensive indicators tend to have one thing in common, they usually give you strong BUY/SELL signals and a whole trading system build around them. They also feature customer support for at least a couple of months after purchase, sometimes for the whole year. There are also many free indicators that can be used as stand-alone or in conjunction with other indicators to form a binary options strategy. We’ve looked at a few  some time ago, and all of those indicators could be used effectively with the right strategy.

What is the right strategy?

The right binary options strategy is basically a winning strategy. One that is optimized to win as much and as often as possible with the least amount of losses. To learn some trading strategies visit our Free strategies section. There are also many good binary options trading strategies being sold as a product or service, but whatever strategy you’ll try to learn you must make it work for YOU. In the end, only that matters. Strategies can work well for some traders and not as good for others so ultimately your strategy must be within your comfort zone. Remember that a good strategy should include your trading habits, eg. time of day you’re trading, assets traded, and expiry times and chart views, but also sound money management and a lot of self-control.

Introducing Binary Viper


Free Binary options MT4 indicator

free binary mt4 indicatorWhether this indicator will help you to form a strategy with other free indicators or whether it will be your only indicator, Binary Viper will help you trade binary options, it’s as simple as that. It is mostly effective on higher time frames such as the 15m and 30m and of course the 1H and 4H.  The indicator works on all time frames so if you intend to use it on the 5 minute chart you should confirm your signals on a higher time frame such as the 15 minutes of even the 30 minute charts.  Our free MT4 indicator will give you very clear buy and sell signals with Up/Down arrows. When price is about to drop you will see a red arrow pointing downwards and a green arrow will show when price is about to go up. Because this binary indicator repaints you should enter the trade on the next confirmed candle. As this indicator is free to use we do not provide any additional support.

Get ready for free binary options signals

In addition to clear buy and sell signals the BinaryViper v. 1.0 will also give you the option to have alerts and send signals. Upon installation, by default the BinaryBiper is configured to run sound and pop up alerts within the MetaTrader and you don’t need to do anything to run them. However, if you wish you can also configure email alerts and push notifications to your phone, however this is for more advanced MT4 users. If you’d still like to have a go, know that you’ll need two email accounts, one will be sender and the other will receive the signals. You will also need to know your SMTP email account settings to configure the email sender and receiver in Tools / Options / Emails tab window in MT4.

Can also be used in spot Forex trading

This indicator can be used on all types of trading. Since the Binary Viper is a trend predicting indicator it works very effectively on 1H, 4H, 1D charts that are used in intraday trading or swing-trading. It will also work well for long-term traders who look at the weekly and monthly charts. Binary Viper will help you recognize the support and resistance points that mark price reversals. On weekly or monthly charts the signals can indicate considerable price movements, often more than 100 pips.

See Binary Viper indicator in action

Below is a short video that shows the Binary Viper free mt4 indicator running on 1 minute GBP/USD chart. As you will see the indicator performs well on a 1 minute chart but generally we don;t really recommend using it on short time frames which tend to carry a lot of market noise. Using the indicator of 5 min, 15min, 30min, 1hour charts will produce better results. This video is in fast motion that shows in total about 30 minutes of trading time.

 Features of Binary Viper v1.0

Here is a full list of the features of Binary Viper, the free binary options indicator for MetaTrader4:

  • Works on all time frames.
  • Easy to follow BUY / SELL signals marked by UP / DOWN arrows
  • Can be used on its own or in conjunction with other indicators for additional support
  • Settings can be configured by user (color, alerts, data)
  • Includes sound alertmay be switched off
  • Includes a pop up alertmay be switched off
  • Includes email alert –  may be switched off
  • Includes text messaging –  may be switched off
  • It’s FREE! – Simply subscribe below and download it for free.
Download Binary Viper for Free


You can also download the indicator by signing up to our FREE newsletter




Installation of Binary Viper

Installing your free mt4 binary options indicator is as easy as installing and running any MT4 indicator. Follow these steps to get started:

  • If you haven’t already install MetaTrader4
  • Go to FileOpen Data Folder
  • Copy and paste or move the downloaded and extracted indicator into MQL4 / Indicators folder
  • Close MetaTrader and the Data Folder too
  • Open MetaTrader again
  • Go to Insert / Indicators / Custom and choose BinaryViper v1.0
  • Your indicator will load onto the screen

Binary Viper trading strategies – How to use this indicator

Although the signals produced by Binary Viper do a pretty good job at indicating when price action is about to change, in trading, no signals or indicators are 100% accurate and fully market-proof. Because this indicator repaints so not all the signals will be fully accurate and you will find that at times the buy/sell arrows will move with the price. Having said that, if you use this indicator wisely and in addition with other supporting indicators such as the Bollinger Bands (as it’s shown in the video), it can produce fantastic results.

One thing to add that may serve as additional guidance in using the Binary Viper MT4 indicator is that you may find it is better to enter the trade after the next candle has been confirmed. So in practice if the the indicator shows a DOWN arrow on the price action going up, ideally you should wait until the arrow settles and the next candle confirms the signal.

Please feel free to come back to this page and in public comments share your strategies and results using Binary Viper. !

Legal Disclaimer

Please note that financial trading is risky and you may incur losses. Binary Viper v. 1.00 is for educational and entertainment purposes only.

Published in Education


  1. Hello, I downloaded it and installed on mt4 in indicators list. I got a popup signal alert on the mt4 and I traded it and I got a profit but some problem is that after a long time of 15 timeframe I can’t see the arrows on the mt4 chart and also no popup signals reaches after popup alert true no popup signals alerts come. It does not repaint the arrows. Please tell me when it repaints the arrows on the chart?

    • If the popup alert doesn’t work simply restart your MT4 platform. These signals repaint, but all the time. Many times they will not repaint, it depends on the market’s volatility. Please keep in mind that these signals are unlike other binary options signals in that they only appear when the price action reaches certain levels. As a result their success probability is a bit higher than other binary signals that appear even with tiny price movements. Trading on the 15min charts you just need to be patient and wait. The signals will come eventually, but don’t expect to receive 50 signals a day. Expect about 5-10 strong signals during the day. I hope this helps. Thanks

  2. what is best pair? and is that okay timeframe is 5 or 15 mins can helpful profit no more repaint?

    • It’s been mostly tested on EURUSD and GBPUSD and USDJPY. The indicator will work on all time frames producing very similar results. Unfortunately this version of the indicator repaints. The new version coming out in the next month will include an additional indicator that doesn’t repaint and acts as a trigger point but also as trend indication. You will receive an email as soon we release it.

      • i hopeful that i hate repaint.. i love nonrepaint… i want to make too easy to show arrows on indicator is comfortable than complex…

  3. I didn’t get this completely. Kindly can u elaborate the below para which is from ur description above.
    (It is mostly effective on higher time frames such as the 15m and 30m and of course the 1H and 4H. The indicator works on all time frames so if you intend to use it on the 5 minute chart you should confirm your signals on a higher time frame such as the 15 minutes of even the 30 minute charts.)

    • Basically you can confirm your signal (trend) on a higher time frame. For example if you’re on 5 minute chart and you have a signal pointing down and the the price action is changing its direction, you can confirm this on a 15 minute chart to see what the indicator is showing you there. If it’s also pointing down or has pointed down and the trend is bearish, there will be slightly greater probability that the price on the 5 minute chart will also go down. I hope this helps

  4. The indicator is a blank file, and does not install, unless I’ve installed incorrectly. The file looks like a blank white page, usually an indicator has the number 4 on it. Can you help

    • Hi Laurie,

      The downloaded file is a zipped file. You need to unzip it and then you will see the .ex4 file

  5. Hello i am interested in the Binary Viper Software can it be used with Any broker that is regulated?

    • Sure, this doesn’t matter much as the software runs on MT4.

  6. Hello adam,

    I was wondering if the new version is available? I’ve downloaded the one on this page which shows as
    Binary Viper v 1.0.

    • Hi. No, no new versions of this indicator.

  7. I’m only showing the arrows on my MT4 charts? not the 3 lines around the candlesticks?


    • Hi Michael. Those are Bollinger Bands. You can add them in your MT4 as they are one of the main volatility indicators.

  8. Tested the indicator for a week, on the 15min time frame, it repaints, i will test on higher time frames and report back

    • Yes, this indicator repaints, as mentioned in the description. One needs to use other non-repainting supporting indicators and read price action and price levels.

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