Free Binary Options Indicator for MT4 – Binary Viper v 1.0

binary mt4 indicator viper

Do you use MetaTrader for your technical analysis to support your binary options trading? Charting provided by binary brokers are often not adequate enough for serious price action analysis. If more elaborate charts are offered, you still won’t get the option to save your your own analysis or add indicators to your charts.

There are many benefits in using free MetaTrader software to trade.

For example, you can view multiple charts at the same time and you can create and save your own 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 thousands of technical indicators and Expert Advisers (EAs can trade automatically) available for MetaTrader 4/5. These technical tools can be programmed and optimized for specific asset, such as EURUSD or GOLD, specific market, or specific time frame.

Many Forex indicators or EAs can also be used to trade binary options. They just need to be tested on and adjusted to help form a winning binary options trading 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 signal providers with winning trading strategies that have proven to work.

But whatever strategy you’ll try to learn, you must make it work for YOU.

In the end, only that matters. Some strategies, however, can work well for some traders, and not very well for others. Ultimately, your strategy must be within your comfort zone.

Keep in mind that a good strategy should include considerations given to your trading habits, eg. time of day you’re trading, assets traded, expiry times, chart set ups, but also sound money management and a lot of self-control.

Introducing Binary Viper


Free Binary options MT4 indicator

free binary mt4 indicator

This indicator should be used in combination with other indicators. It  works on all time frames and all MT4 charts.

The Binary Viper MT4 indicator will give you reversal signals marked with Up/Down arrows. The reversal signals are produced when extreme price levels are reached.

The price levels are calculated by analyzing historical price data and the present price action.

The signals warn of a possible price reversal and upcoming opportunity.

Due to the fact that price levels change and the indicator repaints as it adjusts to new levels, special attention must be given to the next candles that will confirm each reversal.

As this indicator is free to use we do not provide any additional support but we advise to use it with daily and weekly support and resistance levels and candle pattern formations such as the Pin bar.

Get ready for free binary options signals

In addition to visual signals on the charts, sound and popup alerts, the Binary Viper indicator will also give you the option to send free binary options signals to emails and mobiles.

Upon installation, by default, the indicator is configured to run sound and pop up alerts within the MetaTrader 4 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 in the indicator’s settings. In order for this to work you’ll need to set up your SMTP email account and add your phone number in MT4 options and settings.

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 we don’t recommend using it on short time frames which tend to have a lot of market noise. Using the indicator of  1-hour 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.
  • BUY / SELL signals marked by UP / DOWN arrows (for educational use only!)
  • 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 Free BinaryViper MT4 indicator

Legal Disclaimer. The BinaryViper MT4 indicator is for educational and entertainment use only. This does not constitute trading or any financial advise. By downloading and installing the indicator you acknowledge that you understand that. Trading binary options involves a very high degree of risk.

Download Free Binary Viper MT4 Indicator

Professional indicators for MetaTrader 4

Trend Following MT4 No-Repaint Indicator – Based on Moving Average Crossovers, Average Directional Index and additional filters. Includes free signals and on-screen Smart Display.

MT4 Fibonacci Pin Bar Indicator – Based on price action Pin bar pattern and Fibonacci levels. Includes free signals.

MT4 Price Action Indicator – Based on powerful Pin bar price patterns on manually drawn levels and trend lines. Includes free signals.

Installation of Binary Viper

Always install and use on a demo account. 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, not all the signals will be fully accurate and you will find that at times the buy/sell arrows will move with the price action.

Having said that, if you use this indicator wisely and with other indicators, such as the Bollinger Bands (as it’s shown in the video), it will give you a good indication of where the market might be heading.

One thing to add that may serve as additional guidance in using the Binary Viper MT4 indicator, is that all signals must be confirmed by the price action.

In practice, if 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. To learn more about how to read price action read 7 Candlestick formations every trader must know.

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

Free indicators vs. paid indicators

Paid indicators offer much more to customers. In addition to a guaranteed customer support, they are rigorously tested and optimized for best performance, and they are often coded for multiple platforms, for example MT4, MT5, NinjaTrader, etc.

Another important aspect of professional indicator is that they are usually designed with more features and possible customizations.

Alternative approach

If you are looking for a more guided approach and want to use the knowledge and timing of a professional trader, then you might benefit from guided live trading sessions.

For those who have enough of setting up and looking all day long at their charts and indicators, and would prefer a simple-to-follow approach to trading binary options, take a look at our Autobinary signals review or click the image below to go directly to their web-based signalling app.

Published in Education, Technical Indicators


  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 not all the time. Many times they will not repaint, it depends on the market’s volatility. Draw daily and weekly support and resistance levels on your charts and compbine them with the signals to predict a trend reversal. Please keep in mind that these signals are unlike other binary options signals in that they only appear when the price action reaches certain price levels. Trading on the 15min charts or higher 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 a few strong signals during the day. I hope this helps.

  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 but it’s best to use it on higher time frames such as H1 to D1. This version of the indicator repaints because price can change. As new price level is reached the indicator will adjust and follow to mark a new high or low.

      • 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.

  9. hi , nice indicator, i’ll wait the no repaint one, it will kill it

  10. I’m a 60 second binary options trader. I will ignore the repaints and take note on average how it it fares with my trades.

  11. How do I download this indicator ? Thank you !

    • You need to confirm your email. If you have not received it then please check your spam folder. When you click the confirmation button you will be taken to a webpage with the download links. I hope this helps.

  12. Thanks for the indicator! Much appreciated, I’m looking forward to the next one. Do you have more indicators for binary options?

  13. Hi, what are the best settings for the BB (TF 15/30/1h)

  14. I would like to switch the email alert on,how do I do it?

  15. what about an ea version of this which puts a buy order in when a buy arrow appears or a sell?

    • We don’t plan on building an EA that trades automatically at this time.

  16. I use your indicator and am very satisfied- thanks. My MT4 is slow and they say this can be sorted by using MT5. Is this indicator available for MT5?

    • No, I’m afraid no MT5 version at this moment. Sorry

  17. I subscribed and input name and email but i did not get any email from you. I have checked my all emails folder but no email.

    • This whole process is automated. If you did not receive an email with a link, than the message either went into your spam folder and it was then automatically deleted, or your receiving server has blocked the email for some reason. Or maybe you have misspelled your email address and the confirmation message went to someone else :)

  18. Hi,
    Is This Indicator work on MT5?

    • No it is for MT4 only for now

      • Adam im using meta4 and iq options to trade so i want to know how accurate is the signals on M1 and should trade M5 rather to make nice profit?

      • Do not trade M1. It is too erratic and unpredictable, even though it may look like there is a familiar structure in place on the charts it only reflects noise in the market and it can go either way at any moment. The most reliable charts are Daily charts. There are many traders who don’t want to be waiting for days until there is a trading opportunity. Perhaps move to M15 chart or Hourly charts. They are much more reliable than M1

      • Hi Selwin. Try to start with H1 time frame. It´s slower with less noise and less stress. Remember that the indicator repaints.

  19. first of all I wish to thank you, providing such an great arrow indicator for free. I started four years ago with trading, and spend nearly 12 to 16 hours a day to become a profitable trader.

    Believe me, there is nothing I have not tried with indicators. I do scalping in 1minute timeframe, and use an ADX (Multitimeframe set on 30Min) to confirm the Binary Viper signals. The indicator gives great entry and exits signals as well. Also this it works well with indices and forex.

    Best regards from munich.

  20. Thank you so much. I finally got the indicators. It looks nice. Have to try it on a demo account. Great work! Thanks :)

  21. very good indictor

Leave a Comment

Your email address will not be published. Required fields are marked *

Choose a Rating