Automated Binary Option Trading Software Review

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    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

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    Perfect For Experienced Traders!

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.

OptionRobot preview

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 8)

– 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

Automated Binary – a review of automated binary options trading robot (USA, CA, AU)

✅ This Trading Platform is available in Russia

Today binary options trading has become more simple, clear, profitable and popular than ever before! But this kind of trading requires a lot of time, and, of course, patience for thinking through every step and every action. Trading in online mode it is always a precious time waisting in front of the screen. But all of this has a simple and optimal solution as the assistant – Automated Binary. This is truly a unique system of trading directly cooperating with the best binary options brokers.

Automated Binary is a modern reliable software solution to the issue of automated trading with maximum results. This trading program will be self-trade instead of a trader on a basis of selected trading signals and strategy. Using Automated Binary you will get rid of such problems, as predicting of transactions results, thinking about each step and simply will be able to save time.

It does not matter whether you are an experienced trader or just a beginner in the world of binary options, Automated Binary will be your perfect tool that will bring you profit and simplify the process of trading by working for you! Despite of its technologically complicated character, Automated Binary is absolutely easily to managed system that in any way allows everyone to achieve success.

Simultaneous trades – from 1 to 8

Types of funding – credit/debit card, bank transfer

Transaction expiration: 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minutes

Signals – TREND, CCI, RSI, WILLIAMS, STOCH, MACD

Compatible brokers – 24option, Stock Pair, Binary Tilt, Empire Option, Opteck, uCapital, Stern Options, BDSwiss, FMTrader, DineroLibre

It is also possible to trade using the currency pair at the same time, such as: EUR/USD, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, USD/CHF, USD/CAD, EUR/GBP.

With the help of a demo account 50,000$, you can choose the best settings for your trading strategy, before you will start using real money. This will allow you to change the settings one by one and observe the results. So by that you will be able to directly verify that this automated system can really earn money. And after having dealt with all the settings, you can safely put funds tothe deposit account and start a real trade. Hence, the system will automatically begin to make daily winning trades, while you relax, work, eat or sleep. Speaking about the minimum deposit amount, it was observed that most of the brokers set it about 250$, but it is recommended to increase this sum to $500.

In case, if you haven’t your own proven trading strategy, you can always use the basic settings of the robot: 60 seconds of expiration, minimum trade amount – 5$, 2 simultaneous trades, Classic trading method, all indicators are turned on and all the assets are available. But you must always remember that choosing from two or more indicators simultaneously, ensureyourself that they are all all given the same signal. In the opposite case, the transaction will simply not be committed, even if only one of the indicators is different!

Automated Binary is very easy to use and has a clear intuitive interface. Also a big plus of this system is that on its website every beginner can get know with the all necessary parameters of each provided broker and choose the perfect one for dealing. And easy to set up a system of trading will simplify the whole process of making it understandable and effective by offering such strategies as Classic, Martingale and Fibonacci.

Customer support is available on several languages and also on a page of contact information an available email address and contact form are placed. The only ano little minus is that the website does not support russian language. Also the convenience of Automated Binary is in the fact that the system works fine in the browser on any device with any operating system.

Automated Trading Review

Overview

Last Automated Binary review update: 2nd February 2020 [warning] Notice to US Traders! AutomatedTrading is currently not available to residents in United States Check our list of auto trading robots… more

Details

Platform Automated Trading
Website URL www.automatedtrading.com
Founded 2020
Headquarters Europe
Support Types Email , Live Chat
Languages English , French , German , Dutch , Spanish , Arabic , Danish , Italian , Finnish , Swedish , Chinese , Malay , Norwegian
Trading Platform propietary software
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus Up to 100% Deposit Bonus
Max. Payout 90%
Free Demo Account
Trading Methods Classic , Martingale , Fibonacci
Types of Assets currencies, stocks, indices and commodities
Trading Currency EUR/USD , USD/CAD , EUR/JPY , EUR/GBP , GBP/USD , USD/CHF , USD/JPY , AUD/USD
US Traders
Mobile Trading
Tablet Trading
Overall Score 4.0
  • Premium Auto Trading Software
  • 100% FREE
  • Not Download Required
  • You can choose between different signal indicators
  • Demo Mode available
  • Compatible with brokers not accepting US traders.

Full Review

Last Automated Binary review update: 2nd February 2020

Notice to US Traders!

AutomatedTrading is currently not available to residents in United States

Check our list of auto trading robots accepting US customers

Automated Binary is a relatively new binary options auto trading system introduced in 2020 by a team of professional traders whose experience and knowledge in financial trading extends to decades. Automated Binary has gained excellent reviews since starting at the mid of the year, and this can be supported by its rapidly growing user base with more than 3,000 traders now subscribed to the service.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Automated Binary is a free service, which means no registration fee is required, and traders can begin using the service once they deposit a minimum required funds in their binary options brokerage accounts. Automated Binary recommends that traders sign up with the most reliable and regulated brokers and it has provided a list of brokers that are compatible with its service. Automated Binary regularly shows proof of results on the homepage and has average 81% success rate since its launch.

How Automated Binary Works

In order to begin using Automated Binary, traders only need to sign up on the provider’s website using one of the brokers recommended (these are the brokers compatible with the service at the moment)- 72Option, BinaryOnline, GreenFields Capital and UTrader.

After opening the account, traders then must deposit the minimum required funds into their trading accounts. After all, you will need money in your trading account in order to trade. Then, the next step is simple and it involves applying/customizing the trading options provided for Automated Binary. They include:

  • Select the trading system to use: Here, traders can choose amongst three trading systems. They include the Martingale system, Fibonacci System, and the Classic system to apply various trading strategies.
  • Selecting Assets to trade in: Here traders select the different currency pairs to be considered in their trades from the list provided on the robot.
  • Select Expire Times: Automated Binary system works with five different expiry times. These are: 60 seconds, 90 seconds, 2 minutes, 3 minutes, and 5 minutes.
  • Select your Trade Size: Traders need to choose the amount to invest per trade, which is also dependent on the limits provided on the brokerage platform.
  • Select the Money Management: You can choose to trade with one of these three Money Management methods: Classic, Martingale, or Fibonacci.

Traders can also choose whether or not to automate the trading process. By activating automated trading from your dashboard or ‘HOME’, the Automated Binary trades on your behalf every trading opportunity generated by the system in accordance to the filtering/customization applied.

Key Features

  • The Classic Method: This system is ideal for beginners and can be used to apply simple trading strategies. Here, traders invest the same amount per trade regardless of whether or not the prior trade posted a loss or a win. Nonetheless, traders can still adjust the amount manually on a per trade basis.
  • Martingale Method: Here traders double the investment for each trade subsequently every not-winning trade until they score a winner. This means that once they score a winner, net result will always be positive.

Advantages of AutomatedBinary

  • Multiple Broker Compatibility: This binary options robot software is compatible with several brokers, which are highly rated. Therefore, it gives its traders a wide range of choice to choose from when signing up for the services.
  • Free to Use: Automated Binary is free to use, which means NO system fee is required.
  • Free Demo with $50,000 balance is provided.
  • Mobile/Tablet trading: Automated Binary is compatible with mobile trading platforms for the recommended brokers.
  • High Win-rate and Continuous Proof of results: This provider has continuously provided proof of results and the statistics are amazing.
  • Flexibility: Traders can easily customize the robot to suit various trading strategies.

Disadvantages of this Auto trading software

Automated Binary is notably new to the market, which means that there could be still some flaws and bugs that are yet to be identified.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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