The use of binary options robots – “bots” – and other automated trading software and apps has exploded in the last few years. Here we explain how a trading robot works and review the top services , and list what you as a user need to know and look out for. Binary Options Robots or Binary Options Auto trading software is firmly related to binary options trading brokers. In many aspects, there is a relation between auto trading software and a broker platform. However, you will not get the same broker platform for each robot. The Best Auto Trading Robot for Binary Options The Original Binary Option Robot (that is only available on this website) was first published in January with the help of professional traders. The aim of this software is to automatize the trading of professional traders.
Top Binary Options Robots and Auto Trading Reviews
Then, it analyses these data to create signals indicators of market trendswhich trigger the selection and execution of trades. This happens almost instantaneously and with total accuracy, within the pre-set parameters: when the intention of the software is honest, the wishes of the trader are carried out. The result has been a general assumption that robots are binary options auto trading software, and should be avoided.
What our research set out to do was to evaluate one of these programs, Option Robot, and see which of the two camps it belongs to — honest software, or scam?
Because, despite the general atmosphere surrounding trading robots, there are honest and legitimate examples — and these should be welcomed and publicized. So — is Option Robot a scam, or genuine? The answer is that they have binary options auto trading software so.
The website names the brokers you can deal with, some of whom are licensed and regulated by bodies you can binary options auto trading software your trust in. The brokers are the people you deal with: you give binary options auto trading software your money, brokers deal with it, and, if you make a profit, brokers give it back to you. You choose a broker, open an account with them, deposit your money with them and when you make a profit withdraw it from them. The unbreakable rule when signing up for software like this should always be: never, ever deal with a broker who is not licensed and regulated by a body whose name you recognise, and which you can trust.
Check it. Nothing, as far as we can see. You set all the parameters so that Option Robot knows when it should make a deal, how big the deal should be, what limits to set, and every other option you can specify with that broker. The trader tells the software which indicators to take into account in generating signals. The indicators available are:. The speed at which this happens is at the heart of the difference between manual trading and automated trading.
By the time the manual trader has looked at the feed, calculated the indicators, and deduced the signal, the trading opportunity may already have passed.
With automated trading, binary options auto trading software, it all happens instantaneously and so you leap onto the bus before it reaches the destination. They are long-established and well-tested in those markets, binary options auto trading software, as well as in binary options trading. The challenge lies in implementing the systems — unless you use Option Robot. This is because the team at Option Robot gives you tools to utilise three of the most popular trading systems currently in use.
By using one or multiple combinations of these systems, you can control your exposure to risk, as well as manage your investments. This is a popular choice among many traders because of its simplicity and because it is a safe way to manage risk. Of course, there is still risk involved, as there is with any type of trading or investment activity.
Mitigating that risk is binary options auto trading software key, and that is exactly what the classic trading system does. It works by keeping the value of each trade constant, unlike other systems which vary the value of trades depending on whether the previous trade was winning or losing.
When you use the classic trading system, all your trades are kept at a constant value. This is a high-risk and high-reward strategy. It is based on the principle that as long as you use a reasonable method to pick which trades to make, one of them will eventually be a winner. Nothing happens with the system when you place a trade that wins — the next trade you place is the same value.
If your trade loses, however, the amount invested in the next trade is doubled, binary options auto trading software. If that trade also loses, binary options auto trading software, the next trade is doubled again. Why is it a high-risk strategy? Every trader goes through losing streaks, and if you encounter one that is long, binary options auto trading software, you will need a large balance not to go bust.
The Fibonacci trading system is based on the Fibonacci number sequence. Like the Martingale system, there is a base value for each trade. If you win a trade, the next trade is placed at the base value.
The trading system kicks in whenever you have a losing trade. Basically, it follows the Fibonacci number sequence: if the next number in the sequence is a five, for example, the amount invested in your next trade is five times your base trading value.
One of the best features of Option Robot for those new to the platform is the fact that it offers a demo account facility. This is a fully functional account that has complete access to the trading platform, and all the available tools and features.
You can monitor assets, try out trading systems, and place trades. The big difference between a full account and a demo account, however, is that you use dummy cash instead of your own money. This lets you test out the platform at no risk to your own money.
For this reason, demo accounts are popular with new traders as well as more experienced ones who want to try out the features of a new trading platform before making any real investments. There is one thing you should be aware of when setting up your Option Robot demo account: you have to register with Option Robot and open an account with one of their affiliated brokers. The first place you should look if you have a query about Option Robot or your account is the FAQ section.
It is detailed and informative and has answers to many commonly asked queries. This is one of its most disappointing features, particularly when compared to some of the alternatives that offer other contact methods, such as live chat and telephone assistance.
Many reputable binary options trading platforms offer a wide range of tutorials and learning materials to help traders familiarise themselves with the system, and teach them more about binary options trading. These types of educational materials include video tutorials, how-to guides, eBooks, binary options auto trading software, and learning modules. Unfortunately, Option Robot has none of these things. In the real world, binary options auto trading software, however, most good trading platforms do invest in such materials to help their users.
On Option Robot, you can check out the blog, although it is not always kept up-to-date. You can also read the FAQ section; however, you will have to turn to Google for answers to most of your learning questions. Like most binary options trading platforms, Option Robot has both advantages and disadvantages. The advantages are:. It is best that you know as much about a binary options binary options auto trading software platform as possible — including its disadvantages — before you invest your time and money in it.
The disadvantages of Option Robot are:. If you have read through the advantages and disadvantages of Option Robot, as well as the other information available, and now want to set up an account, binary options auto trading software, you will be pleased to know the process is fairly simple. You will need to register an account which involves giving your name, address, and email address. You will then have to select and register with a broker.
For most brokers, this process involves making a minimum deposit. You can make your deposit using one of the many banking options available, including credit card, debit card, or bank transfer. You can also use one of the popular e-wallet services that are compatible with Option Robot, such as MoneyBookers and Skrill.
With all these payment methods, make sure you check what charges apply. Once you have your Option Robot and broker account set up, you can start trading. You have two main options. The first is to start auto trading by simply clicking on Auto Trade. The second is to customise your strategy before launching your trading robot.
This involves adding or removing indicators, changing how much you want to invest, or selecting a binary options trading system, binary options auto trading software. The process for doing all of these things is easy to follow. Once this is complete, your trading options robot is ready to get to work. If you are a new trader, the customisation options may sound a bit daunting binary options auto trading software first, binary options auto trading software.
This is one of the most powerful features that Option Robot offers, however. Other platforms do not always offer this amount of control over how the trading robot operates, and it is a welcome development at Option Robot. Once you have customised your robot or set it to trade automatically, it will start making trades on your behalf. This is why robots like this are referred to as automated trading software, i.
This is low enough to keep everyone involved, including those who like to keep their trading values low. This prevents rash and potentially irrational trading, where large sums of money are staked on a single trade. Option Robot is not perfect by any means, and we have outlined several areas where it could do better. These are not deal-breakers, though, and could be resolved by Option Robot with a little effort and focus.
Looking at the positive aspects of the platform, the conclusion is that this is one of the top robots currently available for trading binary options.
In general, this is not an easy market for traders to operate in. These difficulties are amplified if you are a new trader in the industry and trying to find your way. The number of scams out there is mind-boggling, even for the big players. The binary options brokers used to be the biggest risk to traders, as witnessed by the number of complaints that flooded into websites like ours, and to regulatory bodies around the world.
Trying to navigate through the dodgy brokers at that time was almost impossible. However, regulators stepped in and the picture is now better. Of course, there are still scam brokers out there, but they are not as prevalent as they were in the past. Spotlights are often shown on those brokers by websites like this one, so it is becoming increasingly difficult for them to operate. That led to another problem, however, as the scammers simply shifted their focus from binary options brokerages to automated trading platforms.
The regulatory position in this market is much less clear. In fact, there is not a single jurisdiction in the world that could be described as having sufficient regulation.
That leaves it to sites like ours to investigate and analyse the platforms on binary options auto trading software, in order to explain to traders exactly what to expect from a particular provider, and what the potential risks are. The name Automated Binary is fairly self-explanatory: it enables you to trade binary options automatically.
You simply set it up and switch it on, and it places trades for you automatically. That is welcome, as most traders in the modern world do not like doing that.
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Binary Option Robot is an auto trading software, which trades binary options on behalf of traders. For our readers in South Africa, we have prepared this free Binary Option Robot Review to explore the perks of using this binary auto trading robot for trading with multiple different underlying assets. 12/5/ · Option Robot is recently introduced automated trading software designed and developed by expert traders with vast experience in Forex, binary options and derivatives blogger.com is developed with a view to helping traders get the most out of their trading with little effort or experience necessary. 10/7/ · Compare top rated binary options robot software in Find the best automated trading tools and start using them in your trading strategy. MENU. 0, 0 0 0, 0 0 0. Investment using this method is known as automated or auto trading and is used by "auto traders" that want to free up their time and increase their success blogger.com: Robert Sammut.
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