Please note that actual prices on Binance can be somewhat different from MT4 (Spot price differences would be less but futures price differences could be considerable if you use short time frames like M1 & M5 or use too small take profit or stop loss).

Operational differences from MT4 to Binance

• Closing trades on MT4

Closing an opened spot trade on MT4 is equivalent to an opposite trade on Binance. For instance if you close a BTCUSD trade on MT4, the equivalent action on Binance would be a sell trade on BTCUSDT with the same volume.

• Stop loss and take profit on Binance

Take profit and stop loss on MT4 will also be equivalent to opposite trades on spot Binance. For instance, if you buy BTCUSD 01 lot on MT4 at $50,000 spot rate and place stop loss at 40,000 and take profit at 60,000, the EA will open a corresponding BTCUSDT buy trade at Binance at the spot rate that existed at that time. If the price reached $60,000, MT4 would close the trade while on Binance a sell trade will be triggered with the same volume as the buy trade. Similarly, if the price dipped to $40,000, MT4 will execute the stop loss and close the trade while on Binance a BTCUSDT sell trade will be triggered with the same volume as the buy trade.

• Adding more positions to the same pair on Futures

When you add additional positions on the same pair, Binance will only add to the current position with an average price where as you will get different trades on MT4.

Settings 

Setting Explanations:

1. Enable Futures instead of Spot: You can select the spot or futures market here.
2. Enable Copying MT4 Trades on Binance: Set this as true if you want to copy trades from another chart instead of manual trades.
3. Enable TP & SL: If you enable this, the TP & SL values of the MT4 trades will be copied to Binance as pending orders. However, it is not necessary to copy TP/SL to Binance as trades will be closed on Binance whenever you close them on MT4.
   
4. Lot size:  This is the MT4 lot size.
5. Binance lot ratio: You can further scale up or down the MT4 lot size on Binance with this feature. For instance if your MT4 lot size is 0.01 (this is often the smallest available on MT4) and Binance lot ratio is 0.1, then if you click on buy button, lot size used on Binance would be 0.01 x 0.1 =0.001
6. Stop loss (Points): this is the stop loss distance in points.
7. Take profit (Points): this is the stop loss distance in points.
8. Binance API: You need to enter your Binance API here
9. Secret Key: You need to enter your Binance Secret key here
10. MT4 Pair => Binance Pair: This where you specify the corresponding Binance pair to MT4 pair. Use semi colon after the MT4 pair name. You can add more than one with a comma separated list.

How to Install

1. Go to MT4 => Options=>Expert Advisers and allow automated trading and under “Allow Web Requests” add https://api.binance.com
2. Place the EA file under Experts folder
3. Refresh/restart the MT4
4. Go to Binance and create an API and Secret Key and add them under EA settings
5. Add your MT4 crypto pair and corresponding Binance pair under EA settings

How to Get Binance API
Go to your Binance account. Move the cursor to your profile icon and from the drop down list, select “API Management”. Then create an API with an API key and a Secret key. We will need to enter these two keys under EA Setting.

Also you need to enable Spot & Margin trading and Futures trading.

NB: you may have to create the API before you make the futures account in order to enable futures.

EA Specs

Product name	FRZ MT4 Binance Connector
Product type	MT4 Expert Adviser
Crypto exchanges / markets supported	Currently supports only Binance exchange only. Spot and Futures (USDS-M) supported.
Time frames supported	Any
Trading features supported for copying to Binance	Trades with TP/SL only. Trailing stop, breakeven, and other advanced features not yet supported.
Supported currency pairs	EA works on any crypto pair on MT4 that has a corresponding crypto pair on Binance. E.g. BTCUSD (MT4) => BTCUSDT (Binance)
Current version	3.0