Binary Option Robots.
Binary options robots could be what you are looking for, not least because the success rate for the best on the market is about 80 percent.
What are binary options robots, however, and how can you ensure you get one that has a success rate that is as high as this? In simple terms, binary options robots are software packages. They offer a number of settings and options you can change to set your trading strategy, style, and risk level. The best use graphical interfaces so that they are easy to use. Most come with two options: a free version and a premium version with additional features.
Getting started with a binary options robot is easy. It usually takes only a handful of steps. Once you are set up, your trading strategy will be executed by a well-tested algorithm, which will give you the edge you have been looking for. In the following sections, you will find out more about how to get started and about how you can profit with binary options robots.
1. A Review Of Option Robot.
There are a lot of advertisements offering the use of an automatic robot to trade in binary options. But, I will honestly tell you that not all automatic trading programs are created equal. I have researched and even tested several, and I believe I have found one automatic binary options trading program that is far above all the rest.
Binary Minery Rating:
While I have a lot of experience in trading in binary options, I look at these systems to make sure they are easy to use for those who are new to the binary options trading experience.
Option Robot meets the requirements and more. The Option Robot automatic trading system is both easy to use and sophisticated enough that highly experienced traders will love it.
Knowing that their system is reliable, the management behind Option Robot will let you use the free demo account so you will know that it is a great system.
Using the Software.
The Option Robot software is quite simple to use. You just simply create a free account, deposit money with your preferred broker from the extensive list of brokers at Option Robot, and then you just turn on the auto trade system.
While Option Robot has preset default settings, you have the ability to control these settings. You can choose:
One of three trading systems: Classic which keeps all trade amounts the same; Martingale which raises the trade amount after a loss and then reverts back to the original trade amount; Fibonacci which raises and lowers trade amounts based upon a highly accurate mathematical sequence. Expiry times of 30 seconds, 60 seconds, 90 seconds, etc.
Choice of indicators. The system has 6 indicators. You can choose 1 or more and they must match, or Option Robot will not make a trade.
No Download Required.
There is no download required. You use the system directly through your web browser. What’s more, the system is compatible with mobile, MAC and Windows systems.
Get Started In 3 Steps.
It will only take you a short time to get started with Option Robot. By following these 3 steps you can find yourself earning profits quickly:
1. Create a free account at Option Robot.
2. Choose a preferred broker from the Option Robot list.
3. Check your settings and deposit with the broker.
Start the automatic trading software and watch your profits flow in. We recommend you deposit $500 or more. This will provide the best opportunity to make nice profits and also allows you to receive broker bonuses.
Returns.
I cannot honestly provide return statistics at this time. Option Robot is still quite young and the results are not listed yet. I do know that in using the free demo account, I was averaging 93% returns which is extremely high when you compare it with other automatic binary options trading robots.
Cost.
There is no cost for Option Robot. You will need to deposit with one of the recommended binary options brokers to be able to use the system. Just follow the steps I listed earlier.
Customer Service.
If you have any questions regarding the Option Robot automatic trading system, you just simply go to the website contact page and either fill out the form or send Option Robot an email. They support a variety of languages, and they are quick to respond.
Testimonial.
“As a college student majoring in economics, I had been studying different investing strategies. Between using the research for my classes, and also trying to find a good way to supplement my income (working part time does not leave much left), I decided to try Option Robot. I was still a little lost on trading in binary options, but after watching the robot use the settings I provided, I have gained a huge understanding, and also a nice bank account.”
2. A Review Of Automated Binary.com.
Binary options trading has become a popular method of investment in recent years. Instead of waiting 6 months, 1 year or even 10 years to get a return on your investment, traders can see returns in a short time period; usually under 24 hours.
While the short time periods can create quick profits just like in online poker, many traders do not have the patience or time to sit behind their computer or mobile device and make trades. Many of us have other responsibilities, but we do want to make investment profits.
There is a way to make trades throughout the day by using a program that makes automatic trades for you.
You may wonder how you could trust that an automatic trading system will make wise and profitable trades? Well, I will be the first to say that there is automatic software that does not have the trader’s best interest, but I have found an automated trading system that does.
Automated Binary uses your knowledge through various settings to make trades that only a wise investor would make. While there is no possible way the robot will get 100% of the trades right, I have seen where the percentage of wins to losses is high.
And, you can see for yourself. After you create a free account, you can use the demo account to see just how accurate Automated Binary is.
Binary Minery Rating:
Using the Software.
It would be assumable that such a high power software would most likely be complicated to use, but that is not so with Automated Binary.
The engineers who designed this software did so so that both inexperienced and long-time binary options traders could easily use the system, and receive amazing results.
Traders can simply create an account, deposit money and click the auto trading function. The system will use the default settings, but traders do have the ability to change those settings.
You can set the expiry time you desire, the trade amount, indicators the system will use and the trading system.
Automated Binary has 6 various trading indicators. You can choose one or more and the system will only trade when signals say that it is a good trade on all indicators you choose. The trading systems consist of:
The Classic, or safe system. This system trades the same amount each time.
The Martingale system raises the amount after any loss and then drops back to the original trade amount.
The Fibonacci system raises and lowers trade amounts based on a highly accurate mathematical system.
No Download Required.
You do not have to be concerned with adding more memory to your computer. There is no download required. You use the system directly through your web browser. What’s more, the system is compatible with mobile, MAC and Windows systems.
Get Started In 3 Steps.
It will only take you about 1 to 2 minutes getting started with Automated Binary. You can do so in 3 steps:
1. Create an account at Automated Binary for free.
2. Choose your preferred broker from the Automated Binary extensive list.
3. Deposit and start the automated trading software.
We recommend a deposit of $500 so you will receive broker bonuses and have the highest probabilities of huge profits.
Returns.
Automated Binary is such a new trading robot that I just cannot provide you an accurate statistical account of the returns that can be generated. I will tell you that in using the free demo account Automated Binary provides, in a short time period, I would have made profits exceeding $4,000.
As time moves forward, we will update this to give you return results.
Cost.
There is no cost for Automated Binary. You will have to make a deposit with one of their associated binary options brokers. All you need to do is follow the 3 easy steps I mentioned earlier.
Customer Service.
Automated Binary knows there may be questions, and they want to provide you the best service possible. The customer service response is quick. You just need to use the web form or their email on the website contact page.
Also, the service is available in many languages.
Testimonial.
“As a professional binary options trader, I am often skeptical of automated trading systems. I have tried several that have not followed my directions on trades. Upon discovering Automated Binary and the wide range of options I have in the settings, I decided to deposit with my favourite broker and try the system out. I am extremely happy and now I am on a vacation with my wife and children while Automated Binary is trading via my smartphone and making me profits. And, it paid for this vacation! “
3. Binary Options Robot Review.
Traders who are looking for safe and reliable auto trading software should look no further because Binary Options Robot offers everything the modern trader needs. Binary Options Robot is automated trading software that provides the best user-experience for auto binary options trading on the market.
Binary Options Robot is based on an advanced and sophisticated algorithm that scans market movements and generates signals. It is 100% automated, so traders are not required to have any previous knowledge on binary options, or any other type of financial trading. All they have to do is log in, select a broker, and activate auto trading on their accounts.
Binary Options Robot is very reliable and has a list of popular brokers who are trustworthy. Brokers available on Binary Options Robot are among the best on the market and thanks to such exceptional selection, traders have the opportunity to profit even more as good brokers offer amazing trading opportunities.
This software is not just another auto trading software, but a perfect tool in gaining higher payouts thanks to amazing customization possibilities. With this software, every trader gets the opportunity to personalize the trades executed thanks to a useful set of tools and features. Binary Options Robot really puts the trader in the first place, and evidence for this can be found in the fact that it is completely free of charge.
Binary Minery Rating:
Using the Software.
The software is very easy to use thanks to the user-friendly interface that provides a great overview. Even traders who never traded before shouldn’t experience any difficulties while trading with this software. All the traders have to do is open an account by filling a simple registration form, make a deposit with a broker and they can start trading immediately.
Binary Options Robot values every trader, so even though all trades are placed automatically, they are adapted to the trader’s needs. Such personalized approach is possible thanks to the superb features available for all traders with a real account.
For example, traders can easily follow their money management plan thanks to the Daily Stop Loss feature, while Max Daily Trades lets them limit the number of trades placed by the Binary Options Robot. After that number is reached, the software will stop placing trades. This way, traders still have the control over their funds in every moment.
They also have a free VIP account that is available after first deposit or during many promotions. VIP account lets traders use even more features for their account customization. One of them is Strategies. This feature is letting traders select one out of four strategies. All strategies are using different algorithms, and traders can select one or more of them for their auto trading. Binary Options Robot also allows VIP traders to set their risk level. There are 4 risk levels, all marked with different colors, that will provide additional money management possibilities. VIP traders will get the opportunity to set the expiry times as well.
No Download Required.
Binary Options Robot is completely web-based software, which means that traders don’t have to download and install anything on their computer. This means that automated trading with Binary Options Robot can take place anywhere as long as the trader has an internet connection and some sort of computer, smartphone or tablet.
The software can be opened in all internet browsers, so traders can use whichever browser they prefer.
Get Started in 3 Steps.
Traders who want to use Binary Options Robot automated trading software can do it in only three easy steps. The registration form is requiring only basic data like name, country of residence, email, and phone number. This is great, as many people don’t feel comfortable with sharing too many data, so Binary Options Robot becomes a natural choice.
Minimum deposit with brokers available on Binary Options Robot is $250. This is a very reasonable amount and it makes automated trading available even for complete beginners.
The only three steps trader has to do to trade with Binary Options Robot are:
1. Sign up.
2. Deposit with a broker.
3. Start trading.
Returns.
As Binary Options Robot relies on an advanced algorithm, all predictions and signals are very precise, and trades have high accuracy rate. Trading with Binary Options Robot is very profitable, but keep in mind that results may vary depending on account customization.
Cost.
Binary Options Robot is completely free, and traders don’t even pay for a VIP status. VIP status is awarded based on loyalty and not the amount invested. There are no hidden fees or payments. Once the traders sign up, they simply have to follow the steps for making a deposit with a broker.
Customer Service.
Binary Options robot has the best customer support. Their friendly and professional agents are waiting for traders on live chat that is integrated on the platform, but if traders prefer email communication, all they have to do is fill the online form.
Testimonial.
“While I was trading binary options by myself, I always had a feeling something was missing. Then I found out about Binary Options Robot and decided to take a shot. As it turned out, this software is making much more precise predictions than I could ever be capable of, and my profits are higher than ever. The best thing is that with Binary Options Robot I’m never missing a profitable trading opportunity.”
4. Binary Option Auto Trading Review.
Binary Option Auto Trading stands out, of the crowd of trading robots, as the most advanced and easy to use binary option robot ever. As one of the few robots, they welcome all traders, including US traders.
They also have live chat support 24/7, so customer can get quick support if they need help.
Creating the free account is very easy and you ready to go in only 2 steps and you are even assigned a broker account automatically. If you like to use another broker, you can create a new account directly from inside of the robot dashboard. After making a deposit, with one of the many trusted brokers, you are ready to auto trade.
The site works perfect both on mobile devices and on desktop computers. You can control the trading settings and follow your results on all devices. No need for downloading anything, it just run straight in your internet browser on all platforms.
Binary Minery Rating:
The auto trading platform.
BinaryOptionAutoTrading .com is an easy to use platform, where everything are setup from the start and ready to trade on your behalf. It’s 100% secure and all trades are made on secure lines between the platform and the connected brokers.
The signals used by Binary Option Auto Trading are coming from both real professional traders and also from advanced computer logs that watch the marked.
They are integrated with more than 15 different trusted brokers and among them are some of the biggest in the market of binary options. All brokers here are trusted brokers with a very good international reputation.
Binary Option Auto Trading gives you full control of your trading settings from the advanced dashboard. They even provide a “Reverse trading” option, allowing you to trade the opposite of the suggested signals. This is total transparency!
Fantastic results.
We had a very good result on our test with BinaryOptionAutoTrading. We tested the feature with having multiple broker accounts and it worked it out problems. Having more broker accounts allows you to trade with different trading strategies. The screenshot below shows one of our best trading days. It was an amazing day of auto trading, reminding us of the best days in poker table in the past.
* Future results will vary for different user account settings and market movements.
Free of charge.
Using this auto trading service is totally free. There are no hidden services that required you to make an extra deposit or paying extra for advanced features. Even the support team is ready to answer your question for free 24/7.
Testimonial.
“In the past, I was trading binary option many hours a day, but after having my second child I did not have the time to continue the daily trading. So the extra money I earned on the binary trading was gone. But that was only until a found BinaryOptionAutoTrading.com With this autotrading service, I could trade binary option again and also make some extra money for myself and my children. It’s perfect and I can trade even while playing with my kids or spending time with my wife. I will truly recommend BinaryOptionAutoTrading.com for everybody.” -Martin, 39.
5. Review of Mike’s Auto Trader.
One of the best binary options robot platforms at the moment is Mike’s Auto Trader. It has been around for a while and has a good reputation because of its transparency (the creator, Mike, even puts his name on it) and results. A new version has now been released, and this review is based on that new version. Mike claims this update is even more successful at identifying and securing winning trades, giving traders higher returns on investment.
This is our first look at the updated platform, and here is what we thought.
Binary Minery Rating:
About Mike’s Auto Trader.
The man behind Mike’s Auto Trader is Michael Freeman, one of the most well-known and respected figures in the binary options trading industry. He has helped countless numbers of people get started with binary options trading through his YouTube channel, which has over 200 videos.
The first version of Mike’s Auto Trader was released several years ago. It has been used by people from all over the world to help them realize their dreams of becoming successful binary options traders. The binary options trading industry is an industry where you can’t stand still, however. Mike knows that more than anyone, which is why he has released this update. The new algorithm now makes more successful trades, and the return percentages are higher, making it potentially more profitable.
In the previous version of Mike’s Auto Trader, you had to make a donation before you could use it, but this new version is completely free. All you have to do to get access to it is to register. Registering comes with other perks too, including an invitation to Mike’s signals group on Facebook. It is a private and well-regarded group with over 1,000 members.
Mike’s Auto Trader itself is web-based, so there is no software to download or install on your computer. It has been tested for compatibility with every major operating system in the world.
Getting Started With Mike’s Auto Trader.
Getting up and running with Mike’s Auto Trader is quick and easy:
1. Go to the Mike’s Auto Trader homepage on your computer.
2. Complete the registration form, and click submit.
3. Select a broker from the pre-approved list.
4. Make a deposit, start trading, and start making money.
Testimonial.
“I got into binary options trading through a friend who was making good money from it. I struggled initially trying to find the right strategy and platform. I tried many, but I wasn’t making enough money to make it worth my while. I simply wasn’t good enough or quick enough to spot potentially profitable trading signals. Then I tried Mike’s Auto Trader, and everything changed. The automation is fantastic, the algorithm makes trading easy, and I am making money. I now call myself a successful binary trader.” -Chris, 28.
Other Binary Option Robots.
Auto Trading Service.
Conclusion.
Review.
Everything You Need to Know About Binary Options Robots.
Binary options robots are software programs that trade binary options automatically. Theoretically, they can make you money 24 hours a day with minimal supervision, but can you really make a profit from them? We will answer this question and more in this guide:
How do binary options robots work? Who are binary options robots designed for? What is the difference between trading signals and a binary options robot? How much do binary options robots cost to use, and are they worth the money? How can you make sure you get the right one without risking your money? What binary options robot products are there, and what are the main differences? Which binary options robots are the best?
After reading the guide, you will have a better understanding of what binary options robots do, plus you will have the knowledge you need to select and set up a robot that suits your needs.
Binary Options Robots Explained.
Binary options robots are automatic traders. You first set the parameters of the trading strategy—how much each trade should be, what assets you what to trade on, when you should cash out, etc. The robot then gets to work, implementing the strategy and automatically making trades.
Lots of binary options robots are currently available. Each is different and offers particular features or strategies. We’ll go through some of them in the following sections.
You need a broker or forex brokers for your binary options robot to work. The robot is just a computer algorithm after all. The broker is the person authorized to complete the actual transaction. This is where the setup can get slightly complicated as you can usually only use pre-approved brokers with each binary options robot.
The situation gets particularly complicated if you have a broker already. In this situation, you have a choice to make: use a binary options robot that supports your broker or change your broker. Some smaller brokers offer limited robot options, so it can be challenging to match up the broker and robot that you want. If the binary options robot of your choice does not support your broker, you could try contacting the provider of the robot to see if the broker could be accepted. If not, you will have to choose another broker or another robot.
Thankfully this situation does not arise very often, as good brokers usually work with the best bots and trading platforms.
It is much easier if you don’t have a broker, as you can simply choose one from the pre-approved list of your binary options robot of choice.
The Benefits of Binary Options Robots.
What are the main benefits of binary options robots, and why should you use one? When used correctly, they offer significant advantages:
Automation Immediate results 24-hours-a-day trading Higher capacity Don’t make mistakes Not affected by emotion No fees on your profits.
Let’s look at each one individually.
Benefit One: Automatic Trading.
When you trade manually, you have to conduct research on the market and then start placing your trades. At some point, you have to stop to eat, sleep, shower, and see the people you love. While you are doing this, the markets keep going, trading positions change, and new opportunities arise. You can’t get them all—unless you automate your trading.
This is exactly what binary options robots do. It means you can implement a successful trading strategy, and you only have to allocate about five minutes of your time each day. Those five minutes are usually spent checking the settings of your bot.
When looked at in this way, the advantages of automated trading systems are obvious, particularly in the modern world, where it is hard to find time for all of life’s commitments.
Let’s look at some numbers to see the difference. Trading manually would require at least two hours a day in research to get an understanding of what is happening in the market and how that is changing over the course of the day. This doesn’t even account for the time you will need to allocate to execute the trades. It is for this reason that most manual traders give up. They simply cannot give trading enough time while also holding down a job and spending time with their friends and family.
The answer is a robot, where the algorithm and software does the hard work for you. It means you can have the best of both worlds: a successful and profitable trading career and a balanced work and family life.
Benefit Two: Immediate Results.
Learning how to manually trade binary options profitably takes time. For starters, it is short-term trading, which is very different from other types of trading. It requires a different approach, different strategies, and a specific type of market analysis.
The length of time it takes to get it right is usually measured in years. For most people, it takes five to 10 years from the day they start trading binary options to the point where they are getting regular profits. In those five to 10 years, mistakes are made, and losses can be high. It is no wonder that so many people give up.
Binary options robots bypass this learning phase. Instead of acquiring the knowledge you need over a long period of time and at great expense, you purchase it by purchasing a robot.
It is the sensible approach and one people take in all aspects of life. For example, when you want a new car, you don’t go out and learn how to assemble an engine and build a chassis. Instead, you go to a car showroom and buy a tried and test model that is manufactured by experts. In terms of trading and investing, you get the equivalent with a binary options robot.
Benefit Three: 24-Hours-a-Day Trading.
Binary options robots don’t go on vacation, and they don’t need sleep. They don’t have friends or family, and they have no work commitments or financial obligations. They don’t have to eat, and they have no hobbies. All they do is trade, and they can do it all day, every day.
Benefit Four: Higher Capacity.
Most manual traders are involved in the market for one to two hours a day. This is all the time that most people can spare, but it is also the reason that most fail. They can only place a limited number of trades in that time period, and they miss all the other opportunities that are available in the other 22 to 23 hours.
A binary options robot makes a much higher volume of trades as it operates around the clock. This means all opportunities are identified and acted upon.
Benefit Five: Don’t Make Mistakes.
It is a simple fact of life that humans make mistakes. In fact, our mistakes make us better people. In the world of trading, however, mistakes can be costly. Mistakes can put an otherwise profitable day into the red.
Binary options robots don’t make mistakes. They don’t misread information, they don’t get confused, and they don’t get tired. This error-free method of trading makes it easier to implement a profitable investment strategy.
Benefit Six: Not Affected by Emotion.
Short-term trading and investing requires quick decision-making skills. Those decisions have to be based on facts and pre-defined strategies. Emotions, gut instinct, and hunches might work with long-term investments, but they have no place in short-term trading.
Binary options robots are completely devoid of emotion. They simply analyze the numbers in front of them to make calculated, rational predictions about the future.
The best manual traders use mathematical calculations to make trading decisions too. Robots will always be more efficient at processing those calculations than humans, however, so they will always be better at analyzing market data and completing successful trades.
Benefit Seven: No Fees on Your Profits.
Many of these benefits are impressive, but they are not entirely unique. For example, you can get many of them by putting your money into an investment fund. There is another problem with investments like this, however, that give binary options robots the advantage: fees.
If there is one thing investment funds know how to do, it is charge fees. In most cases, you are charged a fee to get started, so you are on the back foot from the start. After that, the yearly management fees kick in. The result is an investment where it is hard to make consistently good profits. Just look at the numbers: The fund would have to grow by at least four percent a year for you to break even, let alone make a profit. Not many funds have done that when you look at analysis over the last 15 years. In fact, they tread water at best, while others lose money.
You won’t be charged any fees when you use a binary options robot. There is usually a charge for access to the robot when you first sign up, but there are no ongoing fees. Plus, you don’t have to pay fees on binary options, meaning you get to keep more of your money.
Binary options trading with robots is, therefore, a real alternative for all investors fed up with the extortionate fees you have to pay for other types of investment.
How Binary Options Robots Differ.
A quick search online for binary options robots will return hundreds of results. Each one is different, sometimes substantially different. To make the right choice for your needs, you have to understand the main differences.
Algorithm or Brain?
Binary options robots come in three main types: those that are completely algorithm based, those that have professional traders, and those that use a combination of algorithmic and real-life trades. When choosing a robot, there is no right or wrong answer as it depends on your approach to risk and your personal preference.
To help you choose, here are the key features of each option:
Algorithmic-based robots – This is where a computer program does all the market analysis and then makes trades based on the preferences of its users. It brings with it all the benefits of automated trading and usually delivers the best returns.
Professional traders – Real-life traders have some obvious limitations when compared to a computer-based trading system. For example, they can’t place as many trades in a day, and they are vulnerable to mistakes. Many people like the human element, however, and the ability to move outside of the rigid rules of algorithmic trading.
Combination – This is the best of both worlds option. It usually works by the trader analyzing the market and deciding on the best trading strategy to use. The bot then takes over to deliver the strategy by identifying opportunities that the strategy presents, generating signals, and making trades. At each stage, however, there is a real-life person overseeing the process to make sure it is running optimally.
Most binary options robots you will find are purely computer based. After all, one of the key objectives is to automate trading as much as possible. You need to know the differences between the three, but it doesn’t matter which one you choose. All that matters is that you are happy with the way the bot works and that you are making money.
What About Meta Trader?
Meta Trader is a well-known trading platform with many traders using it to trade in currency and other assets. It recent times, it has increasingly been used for trading binary options. Is it really suitable for this highly specialized form of trading?
Meta Trader isn’t a robot itself. Instead, it facilitates the use of robots that you get elsewhere. Some people program their own robots for use on Meta Trader, while others find free versions of bots available on forums and communities on the Internet.
In other words, Meta Trader has no in-built binary options functionality. Some third parties do offer the ability to use it and connect it to your binary options broker. Once connected, you can send and execute signals.
In theory, this works, but in reality, there are challenges:
Almost all free bots available on Internet forums and other informal locations have sub-standard algorithms. They may give a return in the short term, although most don’t. Hardly any give a return in the long term. This is because the market is a complete free-for-all, with anyone able to upload free bots to a forum without any sort of scrutiny or third-party evaluation.
Almost all free bots also use algorithms that are built with historical data. If you could turn back the clock to run those bots under the same market conditions, you would make a tidy profit. That doesn’t mean the algorithm will work for current or future market conditions, however, and these algorithms are too simplistic to adapt.
In addition, this solution for binary options trading is not technically stable. All too often signals are lost, while bugs and errors are common.
There may be good robots available on the Meta Trader platform for trading binary options, but we haven’t come across any that meet our standards. We, therefore, keep our focus on the professionally produced options that are specifically created for binary options traders and the binary options market.
What About Signal Providers?
All of the binary options robots we talk about in this article are complete robots. This means they analyze the market to identify trading signals and then take action on those signals. There is another option, though. This is where the identification process and execution process is split.
In other words, you pay one provider to identify and send you trading signals and another provider to execute those signals. It is an interesting trading model, and some people do suggest it has benefits, but we see too many problems. These include:
The increased cost of paying two different providers. This makes it harder to make a healthy return on investment.
Adding steps to a process, particularly where that step involves one entity communicating with another, which creates the potential for error. Specifically, in this situation, signals are often lost. This can seriously impact a trading strategy.
This is why we focus on complete bots: those that both create and execute signals.
Money Management Strategies: What Are They, and Why Are They Important?
One feature that you will find in some robots is money management. With this feature, you can set a money management strategy so that trades are adjusted depending on your gains or losses. In other words, it might place higher value trades if you are experiencing gains to maximize returns and lower value trades when on a downward trend in order to minimize losses.
If your binary options robot does not have this feature, it will trade the same amount every trade, regardless of your current investment position or account balance.
On the surface, it appears this is a good feature, but there is a complication: There are good money management strategies and bad ones. It is better not to have the feature at all rather than use a binary options robot that has a bad strategy.
Generally, the money management strategies utilized by robots fall into two categories. In our experience, one is good, and the other is bad:
The good strategy – This is the strategy mentioned above, where trades are increased when on a winning streak to maximize returns and reduced when on a losing streak to minimize losses. We find this to be a stable strategy as you can make more money on good days while decreasing the possibility of blowing your budget on bad days.
The bad strategy – Other robots work in the opposite way. In other words, they increase the value of each trade whenever you make a loss. The theory is that the increase will help you recover losses quicker, but it rarely works out like this. In fact, if you get on a losing streak, even a small one, you will quickly lose everything. And as every trader knows, losing streaks happen to everyone.
The odds of you surviving the inevitable losing streaks are very low with the bad strategy, so we advise all binary options traders to avoid it.
What do you do if your binary options robot does not offer a money management feature? It is still possible to manage the level of trades manually, and it doesn’t take too much time—about two minutes a day. To do this, you should set the value of each trade as a percentage of your account balance. This could be one or two percent for example. (We recommend you don’t go over three percent.) Each day you can check the percentage and adjust accordingly.
So let’s say your account balance is $1,000 and you trade two percent of that balance in very trade. That means each trade is $20. However, you go on a losing streak over a few days, and your account balance drops to $900. You would then change the value of each trade to two percent of 900, which is $18.
Applying simple mathematical formulas like this will help you get through the bad patches so you can maximize your returns during the good runs.
The Cost of Binary Options Robots.
Most binary options robots vary in price, somewhere between $200 and $500. The more expensive options offer more features and have better track records, but you can still get good robots in the lower price brackets.
These costs are usually in the form of a one-off fee. You will find other options, however, that are subscription based. This means you pay no initial fee but then a monthly fee for every month you use the bot.
So which is better—the higher one-off cost or the lower monthly fee? Initially, the monthly fee is less costly, but after about six months, it becomes more expensive to use a robot on a monthly fee basis as opposed to a one-off cost. As six months is not a long time in the world of binary options trading, we advise people to go for the one-off fee.
To reduce the risk of the initial cost, you can look for robots that offer a money back guarantee. This means you can try the robot, and if you don’t like it, you can get your money back as long as you do this within the timescale. Some robots give you guarantees that are up to 60 days long, which means you have about two months to evaluate the platform totally risk free.
The Pricing Exception That Makes the Rule.
There is one well-known exception to the robot pricing models described above. It is used by Binary Option Robot, a popular and successful trading platform. It has a different business model than its competitors, which means you can use it free of charge.
It does this by charging the broker a fee rather than you. The model works because traders have to use one of its approved brokers, so it gets its fee every time a new user signs up. It is an effective pricing model because the robot is, in fact, bringing the broker a new client—you, the trader. In many ways, it makes sense to have a payment model based on this structure.
This makes Binary Option Robot a good choice, particularly for new traders, as you don’t have any fees to pay and you will need to appoint a broker anyway. In addition, the robot is actually pretty good and offers a good user environment, plenty of features, and good returns. In addition, the brokers you can choose from are well known and respected in the industry.
Should You Get a Binary Options Robot, and Are They Worth It?
Now we are moving into the substantial questions: Are binary options robots right for you, are they worth the money, and can you make a profit? And if binary options robots are right for you, is Binary Option Robot the best one to go for?
Are Any Robots Worth the Money?
Let’s first look at a simple fact and then run some numbers to see how it plays out in the real world. The fact is a robot and a person will, theoretically, win an equal number of trades if they are using the same strategy. Robots have no advantage over people in this regard.
However, robots can trade for longer, they don’t need to take breaks, and they don’t make mistakes. Now let’s see what that does when you run the numbers.
A typical part-time trader might trade for three hours a day every weekday and make three trades a day. That works out to about 60 trades a month. His or her winning percentage is 70 percent with a 70 percent payout.
Let’s now compare this to a robot with the same winning and payout percentages. That robot can trade 24 hours a day. That is eight times longer than the person and means the robot will make 24 trades a day, or 480 trades a month. In reality, the difference between the robot’s level of trades and the person’s is probably bigger as this does not take into account the days off that people take or the mistakes they make. However, to keep the calculation simple, we will assume the minimum difference.
With 60 trades a month, the manual trader can expect to win about 42 of them. The robot, on the other hand, can expect to win 336 of its 480 trades. Remember, this is based on the robot hitting the same winning percentage.
The robot will, therefore, make 294 more trades than the person simply because it is able to trade 24 hours a day when a person cannot. If every trade is $10 (which is quite a low number), the potential difference in profit the robot will make is $2,940.
Now consider the cost of a binary options trading robot. Even if you choose the most expensive at around $500, that is still much less than the potential increase in profits you can make in the first month of trading.
What About Binary Option Robot?
As already mentioned, Binary Option Robot is a free platform, but does that mean it is the best choice for you? Here are some of the features you get with the system, which will help you make a decision.
Profit monitoring – In Binary Option Robot, you can see at a glance the balance and profit level you have with each broker connected to your system. This makes it easy to monitor and make decisions.
Asset selection – This is a unique feature that not many other robots offer. It means you can individually select assets to trade according to your personal preference, your attitude to risk, or the general market position.
Stop-loss – To keep you safe and to protect you money, Binary Option Robot offers a flexible and useful stop-loss feature. Just set it at the level you need, and the system will automatically stop trading when the number of lost trades reaches that level. This prevents a losing streak from draining money out of your account.
VIP features – Binary Option Robot offers a number of VIP features, including a facility to set your risk level automatically. You can also select from a number of pre-set trading strategies.
Binary Options Robot is, therefore, a good choice, even for people who are skeptical about this type of investment trading. It is free, and risks are kept at a minimum, so there is little to lose from giving it a go.
What About Paying for a Robot Instead?
You have the option of going for a paid-for binary options robot, but is this a good decision when there is an alternative that is free? In terms of features, usability, and potential returns, our opinion is no, it is not a good decision. This is because Binary Option Robot is as good as the paid-for alternatives. It may not be better, but why pay for something when you can get a product that is the same quality for free?
As always, however, there are exceptions. Specifically, there are two types of traders that would be better off with a paid-for alternative:
Do you already have a broker? If you do and you want to move to another robot, Binary Option Robot might not be an option. You will find yourself in this situation if the broker you currently use is not on the preapproved list. The only way you will be able to use Binary Option Robot is to close the account with your existing broker so you can get a new one. This might not be worth the hassle or the cost.
Do you have a specific broker you want to use? Even if you don’t have an account with a broker yet, you might have one that you want to use. They might have been recommended to you by a friend, or you may have found him or her when doing your own research. This is a challenge if you want to use both your selected broker and Binary Option Robot but the broker is not preapproved. In this situation, you will have to choose which is more important to you—the broker or the robot—as you can’t have both.
While there are some specific circumstances where it makes sense to use a paid-for robot, in most cases, particularly with new traders, Binary Option Robot is the best choice.
Can You Test a Robot Before Risking Any Money?
Most people new to binary options trading take a cautious approach. This lets them learn how everything works, plus they can find a robot or platform that suits their needs. If you follow our four-step plan, you can evaluate a robot while risking minimal amounts of money. Once you have completed the four steps and are happy with the results, you can start to ramp things up.
Step 1: Read expert reviews – Taking advice from experts is good when making any significant purchase or financial decision. Binary options trading is a specialized skill, however, so most people don’t have direct access to an expert. That is why websites like this and others are so helpful. Here you will find tips, guides, and recommendations from people who have been involved in the industry for a very long time.
Step 2: Analyze past performance – Most reputable binary options robots publish details of their trading performance that allow you to estimate their win ratio. Some even give this figure up front. You can then use this, along with the payout percentage, to analyze the robot’s previous performance.
As an example, let’s say a robot wins 70 percent of its trades and your broker has a 70 percent payout policy. A 70 percent payout policy means you will get back $1.70 for every $1 you invest in a winning trade—your investment plus the 70 percent payout.
The sum for your calculation is therefore 0.70 x 1.70, which equals 1.19. As this number is greater than one, you will make a profit. If the number was less than 1, you would take a loss, so you would be better choosing a different broker or a different robot.
Step 3: Run tests – Testing a robot is easy if they offer a demo account as you can place dummy trades using real-life conditions with no risk to your money. You can also test robots that do not offer demo accounts.
It takes a bit more work to test a robot that doesn’t offer a demo account, but it can be done. You first have to sign up and pay for the robot. This will give you access to the members’ section and the signals created by the robot. You can simply act as an observer for a period of time, noting how many of the trades were winners. You can then feed this information into the calculation above to see the real potential of the bot—and you will not have spent a penny except for the cost of the robot.
Provided you do this within the money-back guarantee period, you can get your initial fee back too if you don’t like what you see.
Step 4: Start slow – It is usually tempting to get going as quickly as possible once you reach this point. In fact, many traders skip the first three points and jump straight to this one, eager to make as much money as possible. We don’t recommend that, though. We prefer a more controlled approach, where you go through the three steps above and then get to this stage where you start trading at the minimum amount that your broker will allow. As your knowledge and confidence improve, you can start increasing the value of your trades.
Which Robot Should You Choose?
In our opinion, Binary Option Robot is the best choice. This applies to people new to trading because of its easy to use features and the fact that it is free. It also applies to experienced traders too, as the range of features it offers are as good as any of the paid-for options. Plus, it has a good track record of winning trades.
If you are not able to use Binary Option Robot, the choice becomes a little more difficult. This is because it is not possible to recommend a single provider, as your reason for not choosing Binary Option Robot is probably that you want to use a particular broker. As we don’t know which robots work with your broker, we can’t make a recommendation.
You will find plenty of reviews on our site of all robots, however. This means you can get a list of the brokers you can use and cross-reference them with the information on this website.
Conclusion.
Robots automate your binary options trading, allowing you to make more trades and to get started in the industry without spending months (and lots of money) learning how it works. The Binary Option Robot platform is the best robot available because it is free, it is successful, and it is packed full of features. Get started with Binary Option Robot today.
A Short History of Trading Systems.
One of the first recognized trading systems was launched in 1949. It was started by Richard Donchian and was called Futures Inc. It worked by using pre-set rules to create buy and sell signals. Back then they didn’t have the technology we have today. Ticker tapes were used instead of the Internet and hand-drawn charts instead of computers. Even with those challenges, it was successful, and today trading systems are used by banks, institutional investors, private investors, and more.
Things developed slowly after those initial pioneering days, although they started to pick up pace in the 1980s. This was the era of legendary traders like John Henry and Richard Dennis. They used mathematical rules to make trading decisions and were highly successful. The technology was starting to improve too, and it was getting cheaper. This gave more and more people access to trading systems. By the 1990s investors could buy trading systems and use them on their own computers to analyze data and generate signals to send to their brokers. Then the Internet came, and with it came live data and real-time access.
In the late 1990s the Chicago Mercantile Exchange made it possible for traders to trade directly with the exchange rather than go through the trading floor. Trading systems could now fully take off.
And they did, starting a whole new industry of system-assist trading platforms. These are off-the-shelf trading systems that traders can use without worrying about technical code or infrastructure. They just pay a monthly subscription, and the trading system is theirs.
Are There Automated Software for Online Casinos?
People sometimes ask if there are automated software for online casinos, as there are sometimes similarities between binary options trading and online casino games such as slots. Currently there is no software available for online casino players. However, if you want to play online casino games, you should always try to find the best free spin offers as well as biggest deposit bonuses from casinogorilla.com. Best voucher codes you will find at https://bonuspanda.com.
References/Further Reading:
Online Trading and the National Association of Securities Dealers’ Suitability Rule: Are Online Investors Adequately Protected (Renee Barnett) On optimal portfolio trading strategies for an investor facing transactions costs in a continuous trading market (Mark Loewenstein) Analytic Treatment of a Trading Market Model (Arnab Das and Sudhaker Yarlagadda) Insiders’ profits, costs of trading, and market efficiency (H.Nejat Seyhun) Systems and methods for providing an interactive trading application (Lee Amaitis, Howard Lutnick) Arbitrage, Continuous Trading, and Margin Requirements (DAVID C. HEATH, ROBERT A. JARROW) The Economics of Stock Exchange Listing Fees and Listing Requirements (Jonathan R. Macey, Maureen O’Hara) The impact of SEC-required disclosure and insider-trading regulations on the bid/ask spreads in the over-the-counter market (Robert L. Hagerman, Joanne P. Healy)
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