Binary Options Robot Software
The follogaing is a review of the auto-trader service Binary Option Robot. We’ll take a look at the system, how much it costs, the gain-rate and our overall opinion of the service. Binary Options Robot Software
How Does Binary Option Robot Work?
Binary Option Robot is a free auto-trading tool for binary options that connects to your broker and automatically places trades for you. You have a choice of using the auto trade feature, which places trades automatically when the signals are given, or you can enter trades manually. Binary Options Robot Software
The Binary Option Robot system works by using a choice of six different technical indicators including Trend, MACD, RSI, Stochastics, Williams and the CCI. Binary Options Robot Software
Once you download the software and login, you can select which indicators you want to use in order to receive the signals. Once this is done, you can choose the currency pair, trading system, expiration time and value of each trade. Binary Options Robot Software
What is the Average Win-Rate?
After testing the software out I was quite impressed with the gain-rate. Generally speaking, you’ll see a gain-rate of 70%* (Amount to be credited in case the operation is successful), which varies depending on the time frame you’re using. I wouldn’t trust the 83%* (Amount to be credited in case the operation is successful) gain-rate claimed on the homepage or the “Latest Trades” screen.
I’d also avoid using the 60s expiry times on the Binary Option Robot as the signals are a lot more prone to the background noise in the markets. For example, I was probably seeing a 30-50%* (Amount to be credited in case the operation is successful) gain-rate with 60s option. Binary Options Robot Software
However, if you use the 15m, 30m or 60m expiry times then you should see a 65%* (Amount to be credited in case the operation is successful)-70%* (Amount to be credited in case the operation is successful) gain-rate. Generally you’ll gain 2 trades out of 3. Obviously you’re not going to gain all of the time as the software relies solely on technical indicators, which don’t work well in choppy markets or during major market events. Binary Options Robot Software
The reason I’m sticking up for this software is even though it doesn’t gain all of the time; it only takes a 65%* (Amount to be credited in case the operation is successful)-70%* (Amount to be credited in case the operation is successful) gain-rate to start making money with this software. Binary Options Robot Software
What Systems are Available?
The great thing about this software is that it allows you to trade 3 different systems for the auto-trader option, as explained below:
- Classic System: If you choose this system then it will always trade the same amount regardless of whether you gain or fail.
- Martingale System: You trade amount will increase after a loss and then reset to original amount after a gain (e.g. if you fail $10 in first trade then it will trade $25 in next time).
- Fibonacci System: This system increases your trade size after a gain and decreases after a loss. Binary Options Robot Software
Features of the Free Version:
The free version of the Binary Option Robot only works on Stock pair and limits you to trading the follogaing conditions:
- 1 Binary Options Broker (Stockpair or ZoomTrader for US)
- 3 Trading Systems: Classic | Martingale | Fibonacci
- 3 Trading Indicators
- 2 max simultaneous trades
- 2 currency pairs
- 5 Minutes Trades
- Amount per Trade: 10$ (USA traders) | 12$ (Other traders)
Advantages of the Binary Option Robot
I already admire the transparency and openness of the system, as not many auto traders and signal services are open about the methods and indicators they use to generate the signals. By being able to view and select which indicators to use, you can use this service as part of a wider system. Binary Options Robot Software
Secondly, the software is incredibly easy and quick to install. The software is built for professionals and shows a useful friendly gaindow next to your broker screen where you can edit the trading inputs. This is in contrast to other software such as BinaryAutoTrader.com where you need to log into the website and then open trades in a different gaindow. Binary Options Robot Software
The best thing about Binary Option Robot is that you can configure the trades and systems to suit your system. For example, not only can you select which indicators, trade value and expiry time to use but you can also choose between 3 different systems
Finally, the auto-trading software works under a range of market conditions. Once you set it up, you can leave your computer running whilst your away and it will trade on your behalf. There are always plenty of signals and alerts, however be aware that if you use the smaller time frame then you’ll be sacrificing gain-rate %* (Amount to be credited in case the operation is successful) for volume of signals. Binary Options Robot Software
I honestly don’t think there are many disadvantages to using this software. If you’re looking to trade the MACD/RSI/Stochastics/Williams and CCI indicators on your MT4 chart then this robot simplifies the process for you. You can either trade the signals by themselves or combine them with your own methods such as trading trends or wait for candlestick pattern confirmations. Binary Options Robot Software
Of course, the main downside by using the Binary Option Robot is that (like all other auto-traders) it trades purely off technical indicators. This means it won’t take into account things such as choppy markets, candlestick patterns, market reversals and major news releases. In other words, you can’t really expect to earn more than a 70-75%* (Amount to be credited in case the operation is successful) gain-rate with this system even with the longer expiry times.
The other disadvantage is that it only works on three brokers (StockPair, TopOption and ZoomTrader for US traders). However, each of these brokers provides a number of features for traders so you’re not missing out on much. Binary Options Robot Software
binary options bullet
binary options course
ultimate4trading boss capital
GENERAL RISK WARNING:
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose