Binary Reaper 2
This Old Kings indicator for MetaTrader 4 is called Binary Reaper 2. In the code it works with ATR. It draws arrows on the chart and can send alerts. It has 8 settings, for example Aroon Period (default 70), Filter (default 50) and Alerts Settings (default Settings for alerts). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Binary Reaper 2
Binary Reaper 2 is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Aroon period, Filter and Alerts settings. MQL source code included.
Files in the download: Binary Reaper\FXProSystems - best Trading Systems and Indicators.url, Binary Reaper\MQL4\Indicators\Binary Reaper.mq4, Binary Reaper\templates\Binary Reaper.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Aroon period | 70 | Period or timeframe used by the calculation |
| Filter | 50 | |
| Alerts settings | Settings for alerts | Turn this alert on or off |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Binary Options · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code