How Auto Trading Can Simplify Your Binary Options Activity
For people who haven’t been on the binary options trading market for years, as well as for those who are first time users, we have some news – the trading experience with binaries has started to change every single day recently. By evolving new techniques, features and innovations, global binary options and financial services providers do their best in order to satisfy the trading audience, which demands better and better trading conditions. As a result of this process of “demand and supply”, many new modern modifications have been included in the standard trading activity with binaries. Among them, auto trading, or robot trading, seems to be on top of the best binary options trading strategies list.
What Exactly Is Auto Trading or Robot Trading with Binary Options?
To consider whether auto trading is suitable for you, you should first become aware of its nature and application. Note that auto trading or robot trading is a common approach to trading in general, but in the field of binaries, it has gained popularity very quickly. What we can say about auto trading in short is that this is a method of trading that simplifies your entire activity on the market. This approach literally excludes your personal actions – and respectively reactions, when a change has hit the market and shaken it up – instead of the trader. You must have guessed by now, then, that auto trading with binary options is actually a robotic method. It is presented as software that allows you to have a break from binaries, but still to potentially gain profits from them. Be aware that auto trading software types are numerous. This is not a certain strategy for trading that is focused on one single and particular platform or website. There are many financial services providers (and developer teams) that offer their own auto trading or robot trading binary options software products. The one you should choose should correspond to your personal needs and level in trading in general. Make sure you select the best one!
How Does Auto Trading Software Work?
The auto trading robot software replaces you from the market with binary options and trades instead of you, while you are gone, at work, at a holiday and etc. To perform this task in the best way, the software must be highly intellectual and most developers that have been susscessful in developing such platforms simply use the algorithm approach. This is the way that the binary options auto trading technique works in few words. Check out in a few steps how you can use auto trading software, too:
Find a decent and reliable auto trading software platform.
Read the software specifications to know whether it has something non-standard or extra ordinary in its application in binary options field.
Become aware of the terms and conditions for using the auto trading binary options software you have chosen. Attention – some of these platforms are paid, so make up your mind as to whether you are willing to pay for such a convenience.
Download the software (mostly in .exe file) and install it on your device. Keep in mind that mobile binary options trading is possible and you can install the tool on your mobile device as well.
You can also look for a web-based auto trading or robot trading tool. It appears as an extension to your browser – Google Chrome, Mozilla Firefox and etc. Both – web-based and installation-requiring auto trading software types work similarly once you generate them on your PC or mobile device.
Turn on the auto trading tool, so it can detect the necessary buttons for trading directly on the broker you are a member of.
When the software “realises” that a chance for binary options trading is beneficial, it will click instead of you to make a trade – in the same way as you would do it manually on your device.
Some auto trading tools create advantageous strategies for the customers. And at some point you might be asked several questions, so the tool can “figure it out” whether to apply this system.
To Use Auto Trading System with Binary Options, Or Not to Use?
Yes, indeed, this is the question… A beginner in trading with binaries is in most cases highly motivated to use it. And if you are such a beginner, it is definitely recommended for you to give it a try. The fact that you are not so into the trading tricks and little secrets for more profits yet, puts you in the list of weak traders. In order to advance and reach the rest, using an auto trading tool could be very helpful. Meanwhile, by reviewing the actions of the software you can eventually become capable in building your own future binary options trading strategies. As to the downside of auto trading, it was considered a fraud a few years ago. There are still a few concerns with some of the platforms, however the reputable and long term providers that have survived the test of time are usually the best option. See our list of biggest benefits of using auto trading tools now and consider it for yourself:
Increases your potential to win and to take advantage of all the good binary options trading opportunities – including when you are off the market and too busy to trade.
Risk control and management that a person is rarely capable to achieve.
Possibility to exclude the emotional part of the trading experience, which appears to be the weak side in your money-making activity.
Flexibility and freedom to adjust your personal schedule with your trading goals.
Discharges you from the duty to read dozens of market analyses in order to form your binary options strategy.
Our Specially Tailored Tips on Finding Reliable Auto Trading Binary Options Software or Web-based Tool
If you have already made up your mind, then it`s time for you to find your auto trading software. The good news is that the web is full of them, but the bad news is that you might get a little bit confused due to this large choice. To avoid emotional mistakes, while selecting a trustworthy tool to rely on, we can offer you some helpful tips. Read them and start your search of binary options trading software immediately:
Know what you are looking for: including whether you prefer a paid, or free tool, as well as if you are keen on web-based extensions and tools, or the old, but gold programs for installation.
Filter your search in the web according to the previously mentioned features (and add some more of them, if you have them). See the first results and make a list of them.
Continue with research of the listed binary options trading tools. You can ask a friend, who is more familiar in the field, or try to find some additional information about the particular auto trading software – forums, feedback from real clients, reviews, blogs for trading communities and etc.
Try few of the options, so you can eventually choose the best one. Be aware that without testing you will not be able to make a proper comparison. Eventually, you may come upon on a bad trading tool and you will be disappointed by this technique in general. Don’t be discouraged, because it offers a great number of worthwhile benefits.
It`s all about speed and fast reaction about the market changes in binary options trading. If you are not able to provide these qualities for your personal activity, you may not be able to generate profits. The auto trading opportunity – whether as installed software on your device, or an extension in your favourite browser – can increase your speed and become your method of a good final outcome. It`s like having a partner, who`s going to substitute for you when you are not in the mood for trading. And you don’t even have to educate him in anything. Auto trading software does what you do and may make it even greater and more profitable! So, please consider it.
Binary Option Robot
The Original Software
Best Binary Options Brokers 2020:
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Binary Option Robot is now completly free of charge.
Binary Option Robot can trade Binary Options both manually and automatically.
Binary Option Robot is fully SSL and highly secured.
The live signals are provided by the live calculation of a set of trading indicators.
Binary Option Robot is able to auto-trade with the best binary option brokers.
Binary Option Robot is available on all devices: mobile, computer and tablet.
How to start
1- Open an Account
It will create a trading account in a random broker.
Login to Binary Option Robot using your trading account email and password.
Fund your account and click on Auto-Trade to start trading automatically Binary options.
Auto Trading Binary Options has never been so easy.
Binary Option Robot can receive signals from 6 different trading indicators
Moving Average Convergence Divergence
Relative Strength Index
Commodity Channel Index
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 2020 with the help of professional traders. The aim of this software is to automatize the trading of professional traders. By using the best methods and indicators to generate binary signals, Binary Option Robot permits to make profits on the markets automatically.
Versatile Trading Systems
Binary Option Robot can execute 3 different trading systems
The best trading robot
Top 5 users for April 2020
Below you can see the results of the top 5 users on BinaryRobot365.com. When you login to the binary robot, you can choose your own settings and aim to achieve similar results as the users below.
Benefits of using our binary options robot
What you get.
Many of our users generate up to 90% win-rate with their strategies and systems using our binary option robot.
Our Binary robot software is incredibly simple. You just need to open an account, click on AutoTrade and the option robot will start working straight away!
You can configure your own options robot trading strategy and indicators to get the maximum win-rate for your trades.
Our Binary robot will automatically place trades in your account for you. This allows you to to trade around the clock without having to download or install any software.
Reduce your losses with our advanced stop-loss system alerts. You can set you losses by day to avoid drawdowns.
Our options robot works with a number of different brokers. Choose a new broker from the dropdown menu when you sign up.
Best Binary Robot – Get Started Now!
It’s as simple as 1, 2, 3.
Open and fund an account in seconds with one of our selected brokers.
Adjust your settings, trade amount and other settings.
Enjoy the profits made on your broker account with our auto-trading technology.
Which one is for you?
You can choose from the most popular indicators below to create your own strategy. Our system is compatible with the following 6 indicators:
You can create your own strategy using any of the 6 popular trading indicators below. We give you full control of your binary robot account, risk-reward ratio and strategy for placing automatic trades.
See our frequently asked questions below!
A Binary option is an option that has two types of outcome: win or lose. When a user wins a trade in binary options with our binary robot, they will received a predetermined and fixed payout, given to them by their broker.
For example, if the payout is 90% and the user bets $100 that the price of an asset to increase in a given time period, they will win $90 is the asset increases in price, or lose the initial $100 if the price goes in the oppostie direction.
A binary options robot is trading software or an algorithm developed using modern technical indicators specifically for the purpose of automating binary trading. For those who are familiar with Expert Advisers in Forex, a binary options robot is in a way, similar to EAs.
Binary robots are developed to assist novice traders trying to learn the ropes in binary options to make profits as they gain experience. However, this does not mean that experienced traders are forbidden to capitalize on the software—in fact—binary options robots are used widely by those who consider themselves to be experts in the market.
While EAs have been around for decades, binary options robots only began to crop up in the early 2020s. Since then, they have continued to attract many players in the binary options market as their popularity continues to soar. Most binary options robots are not regulated, but most partner brokers that they work with have various regulations.
Binary options robots have nothing mechanical about them. They are not some sort of machines like many would imagine when the first hear about them. However, they are designed to execute certain instructions on their own and that’s how they get the name robot.
There are two main types of binary robots. There are those are downloadable and those that are entirely web-based.
Downloadable binary Options robots
These binary options robots are designed in such a way that traders can easily download and save them on their desktops. They are the least popular when you compare them with their web-based counterparts but have more or less the same operating capabilities.
Most of these downloadable binary options use three distinct trading systems to provide traders with a variety of options depending on their risk appetites, experience and trading capital. These are the Classic system, the Martingale, and Fibonacci trading system. Ideally the robot usually has a list of partner brokers from which the traders can apply automated trading. Traders must choose their preferred broker from the list and then download the robot to their computers.
The funds deposited with their broker can then be accessed via the robot’s trading dashboard from which they can choose which assets, what amount, and the timeframes to apply automated trading. They can also adjust which indicators that the robot can use when picking and executing trades on their behalf.
Some of the indicators to choose from include the MACD, the Parabolic SAR, and Relative Strength Index, among others. Traders can always adjust their preferred indicators to use on different assets and can always deactivate automated trading by unchecking the option on the robots trading dashboard.
Web-based binary options robots
With the web-based versions of binary option robots, traders basically do not need to download any software. Everything is done on the web, which is much easier given the fact that binary options brokerage platforms are web-based. As such, most of these robots are offered by binary options brokers and are varied in nature.
There are those that when it comes to trading, have similar capabilities to the downloadable type of binary options robots, which means that the process is pretty much similar bar the download part. The other common type in the web-based version of binary options robots is more about social/copy trading thereby enabling traders to copy trades of their colleagues for various time frames. This type requires traders to select which experts to follow carefully because their gains are dependent on the success of the trades they follow/copy.
Binary options robots have proven time and again that they can provide a better avenue for novice traders looking to make money in the market. However, just as most providers will tend to point out in the disclaimer; past results cannot be used as a basis to guarantee future returns.
Nonetheless, there are specific performance thresholds that traders use against any provider’s past performance results before signing up for a premium service.
For instance, in order to make money in binary options using a binary options robot, the robot must attain at least 60% average win-rate. This is because most option types listed on various brokerage platforms offer traders a payout of about 85%.
This means that if your trade expires in the money, you do not double your investment in that particular asset, but rather, you are credited with 85%. If the return was 100%, then a win-rate of just 55% would be enough to make you money in binary options.
As such, it is always recommended that even if you choose to use a binary options robot, you try to us a binary options broker that offers the best payout. The higher the average payout per trade, the lower the win-rate will be required for you to make money.
Additionally, in order to make money with a binary options robot, it is important that you make sure that the provider you choose can be trusted. Most binary robots providers promise high win-rates to their traders, only for the traders to end being duped.
In order to avoid falling in such traps, it’s paramount that you do due diligence analysis on the provider. Check whether there are any scam reports about the provider, otherwise your attempt to make money using a binary option robot could turn out to be the worst trading decision you ever made.
Most binary options robots rely on technical indicators to pick out traders, but there are others that incorporate custom algorithms which help them to filter certain market moving events that can result in catastrophic losses. Therefore, when choosing your binary options robot service provider, be on the watch out to check whether the robot is designed to filter such events.
Since robots are technically developed, their ability to accurately predict price or exchange rate movements depends on empirical events. As such, market events that cannot be accurately quantified and factored into the trading robot cannot be included. This is why a binary options robot that’s likely to make you money in the binary options market will always list the ability to halt trading during such market events as one of its main features.
As for robots that do not have this functionality, traders can always halt trading manually by deactivating the autotrading feature on the binary options robot’s trading dashboard. After the event and its predicted impact have passed, the trader can then resume automated trading and watch the system make money depending on the average win-rate.
Again, it’s important to note that some robots help traders to make money on a regular basis while others can go on a draught. So patience may be required at times.
Using BinaryRobot365.com is very easy. All you need to do is open an account and switch the ‘AutoTrading’ button to ‘ON’. This will then trade on your account remotely.
You can also customize the settings of the indicators and strategies used by the indicators to give you full control of your account.
There is no specific regulation set for binary options robots, but depending on the provider of the given service, there are those that are actually regulated.
For instance, most binary options brokers are run by holding companies that have obtained financial derivatives trading licenses from various regulatory bodies. The most common regulators of binary options trading companies are the Cyprus Securities and Exchange Commission “CySEC”, and UK’s Financial Conduct Authority “FCA”.
In Australia, binary options brokers are regulated by ASIC whereas FSB is the body that oversees the market in South Africa. FSA does the same job in Japan whereas NFA and CFTC regulate exchange-traded binary options in the US.
So the list is long, but if you check closely, there is no specific mention of binary options robots. However, some of the robots such are run by financial trading companies that are regulated by one or more of the various regulatory bodies. This ties them to a fully licensed and regulated company unlike in most cases where the providers of the binary options robot barely have a place to call office.
So when a binary options robot is offered as one of the products of a fully licensed company, it is right to say that the robot has legal status. Nonetheless, it’s important to make sure that it’s clearly stated in the copyright section that the particular binary options robot is a product of the licensed company in question.
Most binary options robots provided by binary options brokers land under this category. However, they are not robots in a nutshell. They are more of social trading platforms rather than robots, but since the trading is automated, they are often put in the same category.
Therefore, when it comes to social trading platforms that are akin to binary options robots, regulation matters less because in any case, trader follow the trades of fellow traders thereby removing any liability from the broker or the binary options robot service provider.
For instance, if you choose to automate your trades by following the trades of another trader whom you believe will deliver substantial wins and things do not turn out as expected, you cannot fault the robot service provider. Also, you cannot claim the robot to be a scam after losing money because, you are the one who selected which and whose trades to copy.
Therefore the question about whether or not binary options robots are legal can be interpreted in several ways. Traders would have to consider the parties involved in providing the service, as well as, whether or not they have a direct relationship with the service itself. You can have a provider who has nothing to do with the trading activity itself.
Binary options robots have no legal status under any regulatory body, but in most cases, the people behind them do. If that does offer any solace for those that really prefer using products that have legal status, then it will have to suffice for now. However, a few years ago binary options trading was not regulated, but now several brokers have EU regulation. Who knows what could happen in the next few years for binary options robots?
Yes. The binary option robot is 100% mobile responsive and can be traded on your mobile.
Unfortunately not. Due to security, you will need to open a trading account using the binary option robot to ensure a reliable, safe trading experience. This way, our robot can connect with your broker API and ‘talk’ to your broker in order to execute trades.
The settings of the robot allow you to customize your trading strategy and financial results.
You can customize the following:
No. of Simultaneous Trades
Money Management Strategy (including Martingale, Classic and Fibonacci Trading System).
Trading Indicators (including MACD, Stochastics, RSI, CCI, Williams and Trend indicators). You can learn more about how these indicators work on the internet.
You can withdraw your profits at any time. Simply go to your cashier, select withdraw, and choose your nominated withdrawal account. Withdrawals should be processed within 2-3 days.
From one point of view, the difference between signals and autotrading is a thin line but from another, you could write down a long list of what separates the two.
So first up, lets draw the thin line between binary options signals and autotrading.
The only thing that separates the two is that in binary options signals, traders execute the trades by acting on the trades picked by the system. On the other hand, when it comes to autotrading, the robot, or the system in this case, executes the trades on the trader’s behalf.
Now the long list;
With trading signals, traders must be logged in the brokerage platform to execute the trade picks generated by the signal service provider, whereas with autotrading, once they have activated the autotrading option the binary options robot does the rest regardless of whether or not the trader is online.
With signals, traders can choose whether or not to act on the trade picks received, whereas with autotrading, unless they deactivate the autotrading option the robot will continue to trade the signals picks generated.
Traders can easily miss out on a trading opportunity when relying on binary options signals if they are not close to one of the provider’s selected forms of delivery. Some binary options robots service providers deliver their signals through multiple platforms including SMS, web, and Email, but others only deliver via web, or email. This means that you can easily miss out on a signal if you are not in a position to receive the alert. On the contrary, in autotrading the trader’s input is not required. Once a trader has applied the various filters on the binary options robot as per his/her preferred trading style, the robot takes care of the rest. So no binary options trading opportunities are missed.
With binary options signals, the level of win-rate can be affected by time lapse between when a trader receives a signal and when he/she actually acts on it. While the providers always indicate a certain trading window within which the trader must act, it always better to act instantaneously. It’s not possible to do that manually. However, with autotrading, the binary options robot applies the trade instantaneously thereby eliminating any potential time lapses.
With binary options signals, it is more difficult to apply certain trading strategies that make use of popular binary options trading systems such as the Martingale and the Fibonacci systems. However, with autotrading, using such a strategy is pretty easy especially if the binary option robot is equipped with the three main trading systems.
With binary options signals, the trader’s average win-rate can greatly be affected depending ln the signals he chooses to act on. It’s possible that one trader could end up being more than another despite using the same service over the same period due to the differences in signals executed. On the other hand, if you follow/copy a certain trader’s trades, then you can be sure to expect the same results at the end of the given trading session.
The signals are generated by the technical indicators that you choose in your trading rules. For beginners, we recommend using the Trend following strategy.
Best Binary Option Robot Review 2020
OptionRobot is one of the popular binary options trading software available today. But given that many auto trading software available often turn out to be scams, does OptionRobot stand out as legit software? Read on for a best binary option robot review 2020 plus tips and FAQs regarding the software.
This binary options trading automation software is the first of its kind to work on leading online brokers like Binary Online, Option500, Plus Option, Greenfields capital, 72Option and Stockpair.
The software design implements up to 6 different technical indicators that include trend, Stoch diagrams and CCI indicators. Many scam trading software will often mask their inefficiency by claiming use of a complex algorithm. Users of such software often discover too late that they invested in fake software which doesn’t deliver returns as promised.
Getting started with OptionRobot
Option Robot usage isn’t limited to citizens from a specific country or specific brokers. This makes it easy for you to use the software to make trades from anywhere on the globe. One of the things that stand out on the signup page copy is the lack of overhyped marketing material. Unlike many binary options trading automation platforms, you won’t get guarantees about earning over $1,000,000 by just running the software. Instead, the copy provides enough information regarding what it is and how to get started.
OptionRobot is easy to use. Despite being a binary options trading automation software, control largely remains in the traders hands. This makes it easy for you to place trades based on your chosen trading strategy. You can also easily turn the auto trade option off. In addition, you can customize the software to place and exit trades at predetermined time intervals.
If you’re not ready to invest in binary options trading software, you’ll be glad to know that Option Robot is free to use. Unlike competing software which requires you pay upfront before using them, Option Robot can be used by anyone with or without money in their trading accounts.
General Risk Warning! your capital may be at risk
Best Binary Option Robot Review 2020
The OptionRobot binary options trading robot has set itself apart as one of the few legit trading automation platforms available today. In an industry where software creators try to trick traders into buying poor quality scam products, Option Robot focuses on transparency and credibility. Here’s the complete review of this software.
Unmatched user control
One of the major shortcomings you’ll find in common trading bots is the limits they place on user control. This means that traders often find themselves trusting bots with complex algorithms to manage their entire trading accounts.
Option Robot doesn’t limit the amount of control you have over your finances. In fact, you can easily adjust the software settings to match your preferred trading style. Features you have control over include trade expiry, trade amount and ability to allow the software enter and exit trades automatically.
Free to use software
Using OptionRobot will not cost you anything. To get started, simply create a new account. Once complete, you’ll find a “TRY DEMO ACCOUNT” button within your user interface. Clicking on this button directs you to the free account that’s initially credited with $1000 virtual cash.
Implements familiar technical indicators
Which are your favorite technical indicators? Having easy to read indicators is one of the factors which can affect the profitability of a trade. Option Robot implements 6 different technical indicators that include CCI, MACD and the RSI indicator. The platform is designed such that if you set more than one indicator during a trade, the bot will only generate a signal when all indicators are identical.
What’s more, this platform also offers three popular money management systems including the Fibonacci, the Classic and the Martingale system. Each trading system makes it easy for you to easily adopt your trading style to the software. For example, if you love to minimize the risk involved in every trade, using the classic system is recommended. If accuracy is you primary concern, the Fibonacci system will be your best bet.
Link with 9 different binary options brokers
Broker compatibility is one of the major challenges traders have to overcome when dealing with binary options trading automation software. Option Robot software can be linked with 9 different binary options brokers. These include Opteck, binary Tilt, Stockpair, ZeusOption, BD Swiss, Dinero Libre, BinaryMate, Binary Online and 10Markets..
Being able to link the software to different brokers has several advantages.
– You can use the software to automate your trades from anywhere in the world. That is, if a specific broker doesn’t accept traders from your country, you can easily switch to a different broker that accepts traders from your country as well as supports the OptionRobot software.
– You have more control over trades including the trade size amount and trade expiry periods.
– Switching from one broker to another one doesn’t require you close your Option Robot account.
Excellent trader support
OptionRobot staff has gone to great lengths to ensure that any trader using their software is fully satisfied. Their free account is a true testament to this. However, there are additional customer support features that stand out.
Simply visiting the OptionRobot website triggers a live chat app where you can easily ask questions. The chat feature is available 24 hours and messages are replied to almost immediately. You can also access their customer support team via email.
The platform also offers a detailed FAQ section as well as a blog which can be used as a trader’s resource.
Only trade currency pairs
Option Robot seems to be totally focused on forex currency pairs traders. This means that you cannot use the software to trade other asset types like commodities and indices. In addition, the software can only be used to trade 8 different currency pairs.
Enter simultaneous trades
To maximize profit potential, you’ll want to have several trades running concurrently. Option Robot makes it easy for you to enter into 1 to 8 different trades at the same time. You can also set the trade amount through the software’s settings section. The minimum trade amount is $5 while the maximum is $1250.
Option Robot advantages
– Option Robot software is free to use. The only requirement is that you have an active and funded trader account with one of the brokers that support the software.
– Ability to link to 9 different reputable online brokers makes it easy to switch between brokers
– Up to 6 different technical indicators and 3 different trading methods make it easy to use your preferred trading strategy
– Easy to customize the software to match your trading strategy through the settings section
– Excellent customer support with live chat and email accessibility
– Browser based software doesn’t require downloading anything and is accessible through different internet enabled devices
Disadvantages of Option Robot
– Some claims of demo account being designed to provide unrealistic returns and entice traders to sign up for real account
– Software only allows for trading in 8 forex currency pairs shutting out traders interested in trading other assets
Overall, Option Robot is one of the top binary options trading automation tools on the market today. As a trader who wants to use this software, you’re probably wondering how you can best leverage the software to maximize profit potential. Here are 8 tips to help you out. General Risk Warning! your capital may be at risk
OptionRobot usage tips
Trading automation software should not be used to completely replace your trading strategy. Many traders make this mistake and end up losing their entire account balances. Binary options bots are never 100% accurate. This fact alone means that as a trader, your input before executing any trade will be necessary. If you’ve signed up with Option Robot, your chance for profiting is significantly higher compared to using other competing software. Why?
OptionRobot gives you a lot of control over its settings and therefore won’t have to rely on pre-set algorithms which can easily lead to trade losses. But how can you actually leverage the Option Robot software to increase chances of winning majority of your trades? Here are 8 tips.
1. Do not over rely on the auto trade feature
The auto trade feature might come in handy when you’ve learned how to use the software and have come up with a solid trading strategy. Even then, the auto trade feature needs to be used sparingly during the first months of trading. Initially, your focus should be placed on learning how to use the different software settings and see how they affect your trades.
2. Always conduct fundamental analysis before trade entry
The technical analysis tools offered by OptionRobot are meant to give you a glimpse about the movement of a particular asset. These are supporting tools and they should be used alongside fundamental analysis to get a clear picture about possible asset price movements. Fundamental analysis involves identifying news or events that might affect change in an assets price movement. Such information can be sourced from news, market reports and press releases. Unfortunately, trading software isn’t designed to perform fundamental analysis and it’s therefore up to you to do it manually.
3. Avoid investing in neutral markets
Neutral markets are characterized by little or no price movements. This means that entering a trade will most likely result in zero or no profits. To make the most profit, set your software to enter and exit trades when the signals indicate a bearish or bullish trend.
4. Always try to invest in low volatility fx currency pairs
Option Robot has done a great job by allowing traders to invest in only 8 of the leading currency pairs. However, you’ll also need to play your role in distinguishing between the most volatile and least volatile pairs. Remember that price volatility can change in an instant for example, in the event of a natural disaster. It’s therefore essential that you keep track of a specific currency pair’s history and if it has seen low volatility for a good amount of time, you can go ahead and trade in it.
The reason why trading in low volatility currency pairs is recommended is market changes usually won’t result in huge price movements. As such, you can easily protect yourself from incurring huge losses due to a small market change.
5. Using Option Robot doesn’t mean you throw your account management strategy out the window
Use the OptionRobot free account to test different account management strategies. For example, consider investing a maximum of 5% your account balance on a single trade while you get accustomed to using the software. This means investing a small amount per trade if you open multiple positions at a time.
6. Avoid the lure of opening multiple trades simultaneously
Option Robot allows traders to place up to 8 different trades simultaneously. This could lead to overtrading. That is, you might be tempted to open a high number of trades in anticipation of huge profits. Huge profit potential is always accompanied by huge loss potential. It’s therefore recommended that you have 2 to 4 open trades at any given time. These are easier to keep track of.
7. Always test before executing any new trade strategy
With binary options trading and especially software, nothing is cast in stone. You might easily come across new hot trends and tips regarding a specific currency pair or even a profitable strategy you can implement using OptionRobot. Never execute any hot tip without testing it first. Option Robot is free and testing out new strategies and tips is one way to make the best use of the software.
8. Be wary of using the Martingale trading system
The Martingale trading system is designed to allow faster profits generation from successful trades. However, the risks involved are unusually higher compared to using the Classic system or the Fibonacci system. Analysis of the Martingale system shows that it goes against prudent trading account management strategies and should therefore be avoided if you’re to grow your trading account steadily.
Practical example showing how to enter a profitable trade using OptionRobot software
Before entering a single trade, always make custom settings on the OptionRobot settings panel. Using the aforementioned tips, here is a practical example you can copy.
How long a trade will run really depends on your trading strategy. However, I’ll usually hold a position for 60 seconds to 10 minutes. My preferred trading method is Fibonacci due to the accuracy it offers.
I’ll usually have more than one indicator chart running simultaneously. This will further ensure that the software only enters a trade when it receives an identical signal from all open technical indicators. My favorites are the RSI, MACD and Stochastic indicators.
I will usually use a maximum of 5% of the total account value on a single trade. In addition, I never have more than 2 open trades running simultaneously. With regard to the currency pairs I select to trade at a particular time, my choice is largely determined by the currently open market. For example, if the London session is open, I ‘ll usually choose to trade European currencies as opposed to the USD or CAD.
This example seems pretty straight forward. However, sticking to a specific strategy and only changing it after testing out a new strategy isn’t quite easy. There’s always the emotional element of the trade to contend with. For example, what do you do if you enter into three consecutive losing trades? A good strategy would be to stop trading for the day, go back to the drawing board and analyze the trade histories. Then come up with a trading strategy for the next day. However, this is easier said than done. Most people will try to reverse their losing streak by placing new trades which could lead to more losses.
General Risk Warning! your capital may be at risk
Option Robot FAQ
Q: What is OptionRobot?
A: OptionRobot is a browser based binary options automation software. Opening an account with Option Robot is free. The software works by entering and exiting trades on your behalf on a number of selected online brokers.
Compared to competing binary options trading bots, traders will find it easier to customize the software to match their trading styles. It offers 6 different technical indicators and 3 different trading systems to choose from. In addition, the software can be linked to 9 leading binary options broker platforms.
Q: Is Option Robot a scam?
A: OptionRobot offers several features which indicate that it’s legit software that traders can use to make profit. Opening an account doesn’t require that you invest some money. In addition, it includes a demo account which allows you to test the platform without investing your own cash.
This software doesn’t place limits on users’ ability to customize it to match their trading preferences. Like with other trade automation software, using OptionRobot doesn’t guarantee that you’ll profit from all of your trades. However, it includes unique features which if leverages properly, can see you profit from a huge percentage of trades entered.
Q: What devices can I use to access the software?
A: Option Robot is browser based. This means that you can access it via any internet enabled device including your smartphone. Also, you don’t have to download any app to access the platform.
Q: Do I have to pay to access Option Robot?
A: No. opening a new account is absolutely free. The free demo account comes credited with $1000 virtual cash. Switching between the demo mode and real money mode is as simple as clicking on the “TRY DEMO MODE” button or “REAL MONEY MODE” button.
Q: Can I trust the online binary options brokers that support OptionRobot?
A: Option Robot can be linked to broker account held by 9 different brokers. Many of these brokers are licensed and regulated by leading financial authorities. In addition, some of these brokers have built a good reputation for providing quality options trading platforms.
It’s worth noting that some brokers might not offer their services to traders from certain regions. It’s always advisable to check with each one of the 9 brokers that support OptionRobot to ensure that the one you invest your money with is actually permitted to operate within your region.
Q: Per day, how many investment signals can this software generate?
A: Theoretically, Option Robot software can generate well over40 different trading signals. However, it’s usually recommended that you don’t open more than 10 trades per day. This way, you will minimize the number of trading signals generated. Fewer trading signals mean it will become easier to track and analyze asset movements. It also makes it easier to follow through on your trading strategy.
Q: Why are the percentage return and payout different in the demo account and real money account?
A: All the signals available on the demo account are identical to those on the real money account. The differences between percentage payout and return are usually due to the effective return and payouts offered by individual brokers.
Q: How can I customize trade settings on the OptionRobot software?
A: Once you’re logged in to your account, click on the “settings” button. On the new window, you can make custom settings by making changes on:
– Number of simultaneous trades (1 to
– Trade method (Fibonacci, Classic or Martingale)
– Currency pairs (8 different currency pairs)
– Trade expiry (60, 90 seconds,2minute 5 minutes)
– Trade amount ($5 to $1250)
– Technical indicators to use (MACD, RSI, SOCH, Trend, CCI and William)
Q: Can I link my existing broker account with my new Option Robot account?
A: Unfortunately, OptionRobot accounts can only be linked with broker accounts opened through the OptionRobot official website.
Why you should consider using OptionRobot for binary options trading
Many binary options traders agree that learning to trade currency pairs lays the foundation for learning how to trade more complex assets. If you want to accelerate the learning process, it might be necessary to use supporting tools such as trade automation bots.
OptionRobot sets itself apart from competing software by offering a free demo account. This makes it an attractive option for beginner traders who don’t want to invest a lot of money on expensive software. Experienced traders will also find the software a great tool to try out different trading strategies for free before investing their cash.
Option Robot also offers useful tools and features that you won’t find in ordinary commercial binary options trading software. These features include 6 different technical indicators and 3 different integrated trading methods. In addition, the platform links to some of the leading online brokers.
Getting started is fairly easy. Once you’ve created you account, you can easily start testing the demo account which has $1000 virtual cash. Customizing the bot to match your trading style is also quite easy via the “settings” button found on your account interface.
Overall, if you’re looking for a legit and unique binary options trading software, OptionRobot is worth considering. You’re not required to spend a dime to purchase the software. The only money you’ll need to invest is topping up your trader account balance with one of the 9 brokers supporting the software. General Risk Warning! your capital may be at risk
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