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Option Robot Review 2020
Option Robot – Review and Trader Feedback
Created by a team of highly experienced software developers in 2020, OptionRobot.com is an automated binary options trading software. This kind of clever technology is built to help traders, by identifying and monitoring trading opportunities, and then actually trading on the users behalf. It’s a particularly good product for newbie traders, who can learn to trade while watching the software work. But it also has a place for more experienced traders too, who might not be a master of a diverse range of different assets, but still want to trade them.
This trading software is one of the leading trading robots in the industry and gives traders the choice of connecting to a selected number of binary options brokers. While most binary options trading robots thrive on marketing hype, Option Robot is different as it relies solely on its ability to use popular technical indicators and proven trading strategies to produce favorable trading results. Option Robot is also different from most trading robots in the industry as it allows traders to configure the software as well. Claiming to produce a win rate of as high as 83%, Option Robot is worth taking a closer look at.
1. Software Overview
Although with an accuracy reaching of up to 83% when on auto trading mode, Option Robot doesn’t claim to offer its users a “magic solution”. Instead, trading signals are based on the use of several technical indicators and predefined trading strategies. Most of the trading robots that are available on the internet today are limited in letting traders adjust the trading parameters. However, this is not the case with Option Robot. Option Robot offers its users the choice to decide which technical indicators which they want to utilize. There is a choice of 6 types of technical indicators to choose from namely CCI, MACD, RSI, Stochastic, Trend and Williams.
The Option Robot also allows its users to use more than one technical indicator. In other words, it will only place a trade when both indicators confirm the trading condition. While the use of more than one technical indicator will result in less trading signals, the signals produced will have greater accuracy.
2. Advantages and disadvantages
Demo provided: You can sign up in just a couple of minutes with Option Robot and they will give you a demo account with 25,000 euros to practice on. A really unique idea for online robots and one that is well worth taking advantage of.
Free Software: The software itself is entirely free to access and use. Once you have signed up and are ready to use the real account, you will need to pick from their list of affiliated brokers and then make a deposit.
High Wining ratio: As a result of the three clever trading strategies that Option Robot offer their clients to use, the winning ratio is higher than with other binary robot algorithms on the market. There is no track history on the website but that’s where the free demo account comes in handy. See for yourself how many trades you win, as compared to losing trades.
Highly configurable Software: The software gives the user a lot of control into how they set it up. As well as a selection of trading strategies, there is also a wide selection of currency types to choose from and timeframes such as the 60 second sniper trade.
Wide selection of brokers: There is an excellent selection of brokers you can choose to work with. It’s worth researching which ones you prefer in terms of the platform and additional services offered.
No verified trading results: There is no track history on the website, but as mentioned earlier as you can encouraged to first use the demo trading account, you will see the results for yourself.
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!
Support available only through email and live chat: There is no phone number available if you have any questions. However live chat is instant and the company promise to get back to you very quickly when you send them an email.
3. Linked Brokers
On OptionRobot’s website, it is listed that the software is compatible with 9 different binary options brokers. The list includes:
- BDSwiss – Operational since 2020, this binary trading platform is managed by BD Swiss Holdings, a CySEC regulated broker. The broker offers binary trading in addition to CFDs and spot forex trading. Their binary trading platform is powered by the latest generation of the SpotOption trading platform. Minimum initial deposit requirement for this broker is $250.
- BinaryMate – A relatively young binary options trading platform owned by a Seychelles based company called Affort Projects S.A, BinaryMate first began operations in 2020. The broker uses a proprietary platform and offers binaries with short, medium and long term expires. Minimum initial deposit requirement for this broker is $300.
- Opteck – A well established binary options broker that was founded in 2020, Opteck is binary options trading brand that is owned by Centralspot Trading Ltd, a CySEC regulated Cyprus Investment Firm. The broker uses a MarketPulse trading platform and requires a minimum initial deposit of $250 for account opening purposes.
- StockPair – Established in 2020, the Stock Pair brand is owned by a holding company called NXB Financial Services Ltd. Regulated by the Belize International Financial Services Commission, this broker specializes in offering Pair options. Like most binary brokers in the industry, the broker also requires a minimum initial deposit of $250 to open a live trading account.
- 10Markets – Established in 2020 by an Anguilla based holding company called Whitestone Group Ltd, 10Markets offers traders the opportunity to trade CFDs and spot forex on its MetaTrader 4 trading platform as well. For binaries, the broker uses the SpotOption powered trading platform that offers different expiry times ranging from 60 seconds to one hour. Opening a live trading account with this broker requires a minimum deposit of $250.
- Binary Online – Established by Zola Ltd in 2020, this broker uses the latest SpotOption trading platform with all its new features. Offering a maximum return of 85%, this broker requires a minimum deposit of $250 to open a live trading account.
- Dinero Libre – Operational since 2020, Dinero Libre is a binary options broker that focuses on binary options traders from Latin America. The broker also uses a SpotOption powered trading platform and require a minimum initial deposit of $250 to open a live trading account.
- ZeusOption – Established only recently in 2020, ZeusOption is a binary options trading brand that belongs to FBR Investments LTD. They are based in London, UK and offers binary trading on the SpotOption powered trading platform. The broker requires a minimum deposit of $250 for anyone who wants to open a live trading account with them.
4. Integrated Strategies
Apart the ability to choose the type of technical indicators, Option Robot also gives you the option to select the type of trading strategy that you want to implement. This is a trading feature which no other binary options trading robots in the industry has so far been able to offer.
Altogether there are 3 different types of trading strategies that can be applied, “Classic System”, “Martingale System” and “Fibonacci System”. Among the 3 strategies, the Classic system is the safest. The Fibonacci based system however produces a more accurate result. For those with more of a risk appetite, the Martingale based system would be more suited to them as it is designed to produce faster profits but at a higher risk. Other settings which users of the Option Robot can configure are the expiry times and the number of trades that they want to place.
In short, the Option Robot trading software, apart from the manual trading mode, allow its users to trade the markets with 6 different types of technical indicators and 3 different types of trading algorithms.
5. Cost and Success Rate
As for the cost of utilizing the Option Robot trading software, there is none. The software is available free of charge. However for traders to use the software, they need to have a trading account with one of the linked brokers listed above. These brokers typically require a minimum deposit of $250 before traders are permitted to commerce live trading.
As for the success rate of Option Robot, the developers claim a success rate of up to 83%. Unfortunately, we are unable to ascertain if this ratio is indeed achievable as the developer does not offer any form of verifiable data to back up their claim.
6. Opening an Account
Opening an account with Option Robot is a two stage process. The first stage requires a potential user to sign up with Option Robot. This is done by clicking on the “Open Account” tab and filling up the registration form. The second stage is to open a live trading account with one of the listed broker on Option Robot’s website. Once the trader has deposited the minimum initial deposit amount he will be able to commence live trading with the Option Robot automated trading software.
7. Should I Use Option Robot?
As to whether you should use Option Robot, this depends entirely on your trading preferences. For beginner traders who lack a solid grasp of binary options trading, the Option Robot might be a good fit for them. However for experienced traders, they may prefer to trade the markets manually and conduct their market analysis based on their own experience and trading knowledge. Nevertheless, among all the automated binary options trading software, Option Robot is one of the better ones as it offers its users more control over how the trades are made.
Automated Trading Software
It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.
Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.
Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.
In this article, you will learn:
What binary option trading robots are The benefits of the best trading software How you can make more profit using them
How Robots Save Time
The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.
Choose a Robot Service
While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.
Download The Software
Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.
Sign-up With a Broker
In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.
Programme The Software
We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.
Sit Back, Relax And Enjoy
That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.
Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.
How Binary Robots Work
The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.
Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.
Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.
Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.
Benefits of Automation
Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert
There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.
This software uses complex mathematical algorithms to examine market data.
How to Find Legit Software
Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.
We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.
We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.
Frequently Asked Questions
Is robot software reliable and trustworthy?
Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.
Can they predict the right trades to make?
Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.
Will I need to pay money for good software?
No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.
What if my trading robot gets it wrong?
Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.
How do I find the best software to use?
That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.
Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.
Robots and Automated Trading
The use of binary options robots – “bots” – and other automated trading software and apps has exploded in the last few years. Here we explain how a trading robot works and review the top services 2020, and list what you as a user need to know and look out for. We also show where to get a robot demo account to trial the service, and teach you to use auto trading software and tools.
The best auto trading service for you will be down to individual choice, so read on to get all the facts.
Top Robots and Auto Traders
How an Auto Trading Robot Works
Robot software and auto trading algorithms combine a signal service with automated trading. So the software will attempt to identify profitable trades, and will then place the trades automatically. This automated element takes signal services a step forward, and actually place the trades as well – rather than leaving that to the trader. These systems will have differing levels of risk management – from stop losses, to daily fixed spend limits. The automated element however, does increase the financial risk for traders overall.
There is also a growing trend for brokers to provide their traders with the ability to configure their own ‘bots’ or automated trading systems. These tend to simplify the the process, letting traders “drag and drop” technical indicators into their system. The best bespoke robot features also allow traders to run their robot in a demo account, in order to trial it risk free.
Brokers are keen to promote robots, because they create higher trade volume, and therefore reduce risk for the broker. They can be a great tool for traders too – but as ever in binary options – any promises of profits are an immediate ‘red flag’. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits.
Will a Robot Make You a Better Trader?
Sometimes. Trading robots will have swings, just like any other trading method. Likewise, the settings by which the robot is operated, might become less (or more) effective over time. So they will need to be constantly monitored for performance.
Automated trading without doubt increases risk – and binary options are already a high risk investment vehicle. But an automated bot running unchecked could rattle through a large number of losing trades, particularly where a news event impacts the market. An event that might make a human trader step back from the markets, is not going to stop an automated robot.
This extra risk can be managed to some extent. Many robots will have daily loss limits, and overall limits. They can also be set to stop if a certain level of profit is reached. Traders need to be aware of all the pitfalls however and treat bots with respect.
Reviews of Auto Traders
Binary Bot from Binary.com
Binary.com also offer the facility to design and run an auto trading robot. Long the broker for advanced traders, Binary.com now offer a range of ‘advanced platforms’ – one of which includes the Binary bot platform (Screenshot below).
This platform gives traders the ability to put together an automated trading system. As might be expected from this firm, the feature offers more depth than some of their rivals – again appealing to advanced users. The criteria available for putting together the algorithm offer greater choice than elsewhere. The process allows extra layers of complexity to built in, enabling users to get very specific about their trade ‘triggers’.
Binary Bot follows the Binary.com look and feel, which is fairly unique. The visual ‘fluff’ has been trimmed back, and replaced with more features and usability – typical of the brand. Read more about the platform in the Binary.com review.
Other Auto Trading Software
Auto trading software does require a small manual element in setting up, but once that is done – as the names suggests – the trading is automated. This form of trading is generally very similar to robot services. A trader using automated software will first setup the software based on the type of trading they are interested in. So the level of investment, the type of assets to trade and the level of risk. Once configured, the software can be left to place trades based on the settings given.
Signals – Essential to Auto Trading
In theory, signals and automated trading are similar. The difference being that when auto trading software spots a signal, based on data analysis, it will open a trade. A signal provider will simply highlight the trading opportunity, but leave the actual opening of the trade to the user.
Automated software therefore, generates signals based on the algorithms it uses, and will open and close trades based on those algorithms.
Copy Other Traders
There are also services that will allow trades to be opened based on a real-life binary options trader. Providers will offer a list of live traders, and publish their results. Users of the platform can then decide to copy those traders – choosing levels of risk and investment to suit their own needs. This kind of “almost auto trading” is called copy trading.
Robot and Auto Trading Scams
The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scams page details some of the red flags to look for (including a list of scam services), but auto trading in particular attracts a lot of scam operations. Here are a few reasons why:
- Novice Traders – Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted.
- Easy to blame the trader – Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault.
- Control – If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading.
Warning sings of a scam will include a lack of transparency (results that are not verifiable), forcing users to use a particular broker, and the most obvious – the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable.
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
Best digital option record reviews 2020
Are you a good trading broker? If you want to become the best binary options trading broker then you need time and patience. Because without patience and time no one can’t grow as a good trading broker.
You can use the best binary option robot review software. Not any kind of physical robots. There is a binary options robot that’s a part of pre-programmed software. For analyzing the market data you have to use the best binary options robot.
This robot software solves any kind of complex mathematical algorithms. That analyzes the data and then utilize this data to trade with the effectively profitable and low-risk result.
So, In this article, I will share with you to do the best binary option robot review trading.
How Robots Save Time
The simple idea of installing, downloading or creating a software program that makes you feel that it takes time and is complex. How easy it is and how long this will save you will be shocked. you will be amazed. Here are some easy steps that will instantly get you trading in no time.
Select a Robot Service
You might spend hours studying the best binary option robot review dealer, but you likely don’t even have the time. That is where our checklist of suggested services saves you a variety of trading time. You might want to choose the one for yourself.
Download The Software
You are expected to download the software from many brokers or service providers. This can be as easy as downloading the app on a cell phone. Best binary option robot review trading applications can be accessed via a browser.
Sign-up With a Broker
You will also need to get an actual broker account in exchange for free binary robot software. Typically, the app suggests binary options option robot review brokers to open and deposit accounts.
Programme The Software
We don’t indicate that you should be an app programmer, but you need to say what you want. Put the remaining techniques into the Auto Trader App, including your investment cap, frequency, etc.
Sit Back, Relax And Enjoy
That’s it. Now, without ever doing anything, you’re trading. You can keep going and leaving the rest to the best binary option robot review. Just checking in and see how your businesses are doing and reinstall the parameters, if necessary.
Using only the best binary option robot review often reduces the anxiety that trading can cause. When a transaction is put with an expiration time of one hour, the dealer can sometimes feel a variety of emotions.
With this, you can test every time, instead of being stuck on the screen for the exchange, to see how you do.
How Binary Robots Work
The best binary option robot review trading software is also something you access once you have registered with a broker on your computer or other units. You may sometimes continue accessing them online via a website.
A download may not always be required. This approach is referred to as automatic or auto trading and is used by “street traders,” who need their time and their likelihood of success to improve.
The capability to research absorb and interpret data, like any computer, is far greater than the human brain so that the computer can handle any data far faster without feeling or inclination than any person.
This process brings more knowledge at a much faster rate than enables secure, profitable transactions using a variety of high-frequency trading systems. Trade potential is increasing and the number of potential companies is rising.
So why wouldn’t someone want to use this help? You will pick a service that is consistent with your broker and start using it to begin using the high-frequency trading tools. We have looked for thousands of them around the world to give you the best advice about who to trade and save you time and resources to help you pick your business.
Some traders want to monitor their transactions instead of offering the best binary option robot review anything, and trade indicators can be a reasonable alternative to this. Trading signals are platforms offering advice and information about the trades to be carried out.
You still have to produce your business, so you stay in control but you are provided with advice on which trades to put.
Benefits of Automation
Run more successful businesses. And to use the best binary options robot review trading system to collect much more information makes the trade emotionally more reliable. Remove the item “good instinct,” and control the quality of your company.
You shouldn’t need to spend that much time in front of a computer or on your mobile, and you can live on while still trying to make money. You don’t need to research economies, patterns, assets, etc. or become a good expert.
Many’ scam robots’ are here to get the investor out of his capital and they don’t work. There are clear signs that you need to be vigilant whether or not someone’s service is legal. This would include no customer service contact details, surprisingly poor reviews, a short time to operate and only a few accessible properties. So the best binary options robot review helps you to do that trading.
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