BlackBox Robot Review – Run away from this Scam

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    Perfect For Experienced Traders!

Signals Reviews

We would like to introduce you to the HighLow Binary Options robot. The system is fairly popular, mostly because it is designed to work with a famous broker – ASIC-regulated HighLow. You can read our full review of this broker here.

Who is behind it?

The HighLow binary options robot is provided by altredo.com, a company which also has several other binary, forex, stock and even Bitcoin predicting software. The company doesn’t reveal much information about itself, except for fact they are software developers and there is a lot of risk involved in using their products. While this is not that unusual it does not give them any credibility.

Strategy

Looking at the demo videos provided by Рђltredo, one can realize this system is based on a MetaTrader4 scalping algorithm. If you are not familiar with MT4 – this is is the world’s most popular forex trading platform, which a lot of brokers provide to their clients. One of its key advantages is the coding environment which allows for the creation of new automated trading systems (or Expert Advisors as they are more commonly known).

The HighLow binary options robot appears to be linked to a MetaTrader platform, which has such a trading algorithm connected to it, which then re-sends the signals to the binary options platform. The strategy appears to be based on price action, which is one of the approaches for such short-term predictions.

Here is what the system’s dashboard looks like:

Image provided by the website of the developers. You can clearly see the MT4 platform running in the background. In one of their demo videos you could see the signals forming on the candles.

The system allegedly trades 60 second and 30 second binary options and has a build-in risk management mechanism.

Performance (Returns)

While we have reviewed a lot of Expert Advisors, we always base our analysis on their past performance. Although there is no guarantee a system will yield the same results, it at least allows us to have an idea of how it operates. When it comes to binary options robots, there is no platform, such as MyFxBook which provides reliable statistics on a system’s long-term performance – we are only left with the developer’s claims.

The developers of the HighLow options robot claim the system makes a monthly profit of over 300%. That being the case, there is no way this system is sustainable in the long-run – it may have had a month, in which it tripled an account, but there is no way to constantly achieve such results. A 300% monthly gain means this strategy is very risky. This is a basic rule of finance, which no algorithm can overwrite – greater returns always come with greater risk.

As we mentioned earlier, the problem of tracking historical performance has been solved by some credible websites, when it comes to forex trading. MyFxBook is one of the solutions, while social trading networks are another. Lets take a look at the performance of a real, verified trader at eToro, the world’s largest social trading network. This is his breakdown on a monthly basis:

As you can see, he has managed to gain 50% in 2020. Most investors will be satisfied with such returns, while a system making 300% in a month will be taking substantially bigger risks. That being said, there are a plethora of traders available at eToro, with some of them more risk, if that is what you are looking for. In order to explore the full possibilities, you must register an account at eToro, the world’s largest social trading network.

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!

How does it make money, for the developers?

While most binary options robot developers simply make money on commissions from traders who register with the broker of their choosing, this is not the case with the HighLow robot (at least on paper). The team behind this project has set a price of $1,500 for the software. This may seem a bit steep, when compared to some forex Expert Advisors, although there are even more expensive ones, like the SFE Price Action.

That being said this robot is designed for a single broker, which implies the company may also be making money with the commission model.

Bottom line

The HighLow Binary Option Robot is an automated binary options trading system which only works with the ASIC-regulated broker High low. The system appears to be based on an MT4 indicator which sends the signals it receives to a stand-alone software, which then trades binary options. The system is priced at $1,500. While the team behind the project makes big claims regarding its performance, there is no way to prove them. Here is a summary:

Pros Cons
Based on a MT4 Exper Advisor Costs $1,500
Unrealistic claims from the developers
No historical performance
Only works with HighLow
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK FCA Web €29 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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Black Box Robot – Review of Binary Options Trading Software

We recently came across the new trading software called Black Box Robot, and decided to write a review for you.

The Black Box Robot is a unique automated trading robot that many people are now using for trading binary options. The main reason why it has become so popular in an industry full of scams, is because it only works with licensed brokers. We see that they are connected with the popular European licensed brokers, like: OxMarkets, BDSwiss , BinaryCM and StockPair.

Traders and investors are constantly asking where they can trade binary options using an automated trading robot, and many of the scam products over promise and under deliver. One can easily detect a scam trading robot, because they all have videos which promise you $1,000 a day in profits, and many of them post what are really fake testimonials.

Black Box Robot is different because it is a professional website. It is geared towards a trader who understands the risks involved in using automated trading, and a sophisticated investor will immediately notice that they offer a “Reverse Trading” feature.

There are four types of signals you can use to auto trade.

The software was developed by Forex traders, and it generates trading signals that execute short term trades with duration’s up to one hour. The signals it generates are on sixteen currency pairs, and the user can select which pairs get traded.

New traders using a professional binary options robot like the Black Box Robot, sometimes don’t understand that it is possible to generate hundreds of bad trading alerts. Many of the scam trading robots that advertise on social media sites, and viral news sites, do not have real algorithms. Rather they are automated coin flippers which switch from buy signals to sell signals every 2 minutes. A properly made automated trading software only releases trade alerts when the probability is high enough for a potential profit.

One of the best features of the Black Box Robot is the ability to setup Reverse Trading. There are times when a trading robot starts generating bad trades. It can happen due to abnormal market volatility in a specific underlying asset. When you are monitoring the trading software’s historical trades and see that the success rate is falling, you can turn off the trading on certain assets, or switch over to Reverse Trading, so that what would be a losing trade, becomes a winner.

Black Box Robot : Does It Help You To Increase Your Profits?

Black box robot is an automated trading software that helps you manage your trading in perfect way and increase the probability of profits. These days, there are tons of websites that give you assurance to solve your online trading hurdles but does those applications are good enough to use? This software review is going to focus on such aspects that can affect your binary options trading.

Well, Black box robot is a kind of software that has been made with a variety of trading algorithms, that supports and analysis technical indicators like MACD, Bollinger Bands, Price actions and RSI so that traders can improve their trading skills and able to limit their trading risk.

The best part about Black box robot is that they do not make any fake promises like 100% success or guaranteed returns, in fact, they will tell you that how to avoid such fake brokers and scams to prevent draining your hard-earned money. They could have provided you few authentic testimonials that help you make right trading decisions. With the help of this professional trading software, one can simply follow the well-tried strategies and techniques that can help you win but it doesn’t mean that they will give you full surety. Sometimes the strategies work for other may not result in same while using by others so be careful and try to use your knowledge.

New traders using a professional binary options robot like black box robot, sometimes fail to understand that it is possible to generate hundreds of bad trading alerts. Many of the scam trading robots that advertise on such social media sites do not have real algorithms. Rather they are automated coin flippers which switch from buy signals to sell signals every 2 minutes. Only a properly made automated trading software can release alerts when the probability is high enough for a potential profit.

However, the great part about Black box robot is, it is safe to access as the algorithm behind this system was developed by real forex traders but there is no such thing as a perfect system. The way traders profit from algorithmic trading, no other software application can provide such features or support to enhance their trading. With the help of this trading software, a trader can constantly analyze the accuracy of the trading signals for each asset that they are trading.

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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