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Binary Options Robot is an automated signal trading software designed to make signals for you automatically, regardless of whether you are at your computer, signed into an account, or relaxing on the beach. Binary Options Robot finds the trades that fit the criteria you have helped it to establish, and then generates signals for you based upon an advanced signals detection algorithm. So far, this has proved to be one of the most successful trading robots out there, and a lot of people want to learn more about it and how it might be able to help them. Our brief Binary Options Robot review is designed to do just that.
Is Binary Options Robot Really Free?
Let’s tackle the big question that most people have right away. Binary Options Robot is free to create an account with. Right away, this separates it from many other automated trading robots and signals services. There is no cost to create an account with this robot. You will even be able to test a $10,000 demo account that was provided to you upon signup. After you have tested their automated signal trading app with a demo account, you can make a deposit of minimum $10 and start with automated signal trading for real money.
It is very easy to sign up with Binary Options Robot. All you need to do is fill in the registration form on BinaryOptionsRobot.com website, verify your email and you are good to go.
How Does Binary Options Robot Work?
The Binary Options Robot is not a broker. Rather, after creating an account, you will be assigned to a broker where the robot will generate signals for you. If you already have an account with a broker, you can still use that same broker with the Binary Options Robot. Just click on the Login button and log in using your account credentials.
All monetary transactions are done with a safe and secure broker, for example binary.com broker or Deriv.com. Trading signals are generated with the Binary Options Robot, and you can do all your fine tuning here. But they do need you to choose a broker to work with in order to accept signals and place trades.
Once you have selected a broker, your next step is to decide how much risk you want to take on. Your risk level has a lot to do with how profitable you will be. The robot itself has a great track record, but this doesn’t mean that it is perfect. It also doesn’t mean that this track record will be consistent moving into the future. Past results are not indicative of future results. The more risk you take, the higher your potential for profits, but also the higher your potential for losing money.
You can also filter what you trade. If you want to trade just the euro/usd pair, you can adjust the settings so that only this asset will be focused on. You can adjust all of this as you go and become more familiar and comfortable with what you’re doing. Binary Options Robot settings, like trading assets, trading strategies, expiry times and trade amount are configurable on a very user friendly dashboard that can be accessed in the Broker Settings tab.
Expiry Times – Traders can define whether they prefer shorter expiry times, such as 60 second trading, or trading that lasts longer and after 1 hour.
The following expiry times are available:
- 1 minute
- 5 minutes
- 10 minutes
- 15 minutes
- 30 minutes
- 60 minutes
Depending on the selection of expiry times, trading assets and trading strategies, Binary Options Robot signals will be generated and displayed to the trader under the Trading Signals tab.
To create an account with the Binary Options Robot, you simply open up their site, click the “Get started now” button, and follow the prompts, providing your information where needed. Please note that not all countries are allowed to use robots.
Binary Options Robot Trading Assets
There are over 60 trading assets available to trade with Binary Options Robot. Available currencies, commodities and indexes are displayed below. Depending on the trader’s preferences, signals for selected trading assets will be generated within the Trading Signals section.
Traders can choose from the following trading assets:
- AUD Index
- Australian Index
- Bear Market Index
- Boom 500 Index
- Boom 1000 Index
- Bull Market Index
- Crash 500 Index
- Crash 1000 Index
- Dutch Index
- EUR Index
- Euro 50 Index
- French Index
- GBP Index
- German Index
- Hong Kong Index
- Japanese IndexNZD/JPY
- Step Index
- Swiss Index
- UK Index
- US Index
- US Tech Index
- USD Index
- Volatility 10 (1s) Index
- Volatility 10 Index
- Volatility 25 (1s) Index
- Volatility 25 Index
- Volatility 50 (1s) Index
- Volatility 50 Index
- Volatility 75 (1s) Index
- Volatility 75 Index
- Volatility 100 (1s) Index
- Volatility 100 Index
- Wall Street Index
Binary Options Robot Trading Strategies
Traders can choose between seven Binary Options Robot trading strategies. Each of these strategies involves implementing different trading algorithms to generate trading signals.
Traders can select all strategies that are explained below, or just a few strategies that fit to their trading plans the most.
- Supply and Demand zones – These are the zones where the price is most likely to rise or fall.
- MACD Divergence – Divergence is a tool that can be used to spot potential market reversals by comparing MACD with market direction.
- Fibonacci Clusters – A trading method that utilizes a grouping of Fibonacci retracements and expansion levels that occurs in close proximity to each other on a price chart.
- Open Interest – Open Interest is a helpful tool in analyzing the strength or weakness of a price move.
- Detrended Price Oscillator – The oscillator shows overbought or oversold levels which can be used to give buy and sell signals.
- Elliott Wave – Elliott Wave is based on a crowd psychology of booms and busts, rallies and retracements.
- Swing Index – This strategy predicts future short-term price action.
Binary Options Robot Trading Signals
Binary Options Robot trading signals are generated depending on the trader’s selection of trading assets and strategies.
Trading signals are generated automatically and the trader has a full overview of the signals in the Trading Signals tab.
Traders can place a trade with the use of Binary Options Robot trading signals with a single click on the Trade button.
Once clicked, trading signal prompt will appear and with a single click, the trader can confirm the signal and place a trade.
Before confirming the signal, traders will have a full overview of the trade that they are about to place. This includes information about the trading strategy that was used to generate the signal, selected asset and expiry time. You will also have information about the broker where the trade will take place, as well as information about the time when the trading signal was identified by trading algorithm.
A full overview of all open positions is available under the Opened Positions tab and closed positions can be accessed within the Closed Positions tab. Thanks to this, traders can have a full overview of their profits per each trade.
Binary Options Robot Mobile
Binary Options Robot mobile signal service is completely free, and traders will be happy to know that it has the entire Binary Options Robot dashboard in the palm of their hands.
From now on, traders can easily customise their trading settings, make a deposit and benefit from automated trading signals simply by using their iPhone or Android mobile phone.
With Binary Options Robot mobile trading is better than ever and important features that traders find relevant on the desktop platform are also present on the mobile version.
With a single click, traders can get access to the trading chart and accept trading signals.
Who Benefits from Binary Options Robot?
Because of its simplicity, a lot of beginners are attracted to the Binary Options Robot. You never need to understand signals, how to interpret them, or even really what they show to use the Binary Options Robot with success. These things can be helpful, but they are not required. To use this signals robot, all you need to do is make a deposit (discussed above), and select the assets and strategies that you want to trade. Beginners will likely benefit from taking trades on deriv demo account first, until they have established more experience with the product and are ready to make a deposit. This is a situation that needs to be addressed by each trader individually.
New traders can certainly benefit a lot from this signals service because of the fact that no technical skills are needed to use it successfully. Binary Options Robot trading room is very user friendly and easy to use. Once you log in, you get a full overview of all the available signals and you can easily place a trade with a single click.
However, they are not the only ones that benefit from the Binary Options Robot. Even a professional trader can benefit from this because it helps to save time and diversify risk. Let’s say that you have $50,000 in a binary options trading account, and you spend eight hours a day in front of your computer analyzing trades.
If you put $1,000 into a Binary Options Robot account and let the software generate signals and you just make trades with a single click, you stand the potential to use your time in the same way and start making more money, or you might find that you can spend less time working and still make the same amount. Binary Options Robot can be a great tool to practice 60 second binary options strategy. Experienced traders benefit by being given this ability to take some of the burden of risk away from themselves and use their time more efficiently at the same time.
Should I Use Binary Options Robot?
This is up to you. We’ve given you the basic information that you need to get started, but the decision of whether or not this is the right tool for you to effectively grow your own cash is ultimately up to you.
If you still have questions about the Binary Options Robot, we encourage you to check out their website and learn more. They do have a lot to offer traders that work with them, but this certainly is not right for everyone. And remember, just because the robot is generating signals for you does not mean that these are risk free trades. There’s still a chance to lose money when you use Binary Options Robot. If you decide this is right for you, keep an eye on your account so that you can watch over it and make sure that your money is doing what you want it to.
This Binary Options Robot review shows that it has a lot of potential to help traders of all abilities. If you are in an area where it is allowable for you to use this automated signal trading app, and you want to try this efficient new way of trading, then we highly recommend Binary Options Robot.
Binary Option Auto Trading
You might have heard in the news how robots are taking over most of the human jobs. While it may be sad for many people who may lose their jobs, there is great news for professional traders that modern trading robots are equipped with amazing skills to mimic real-life trading. A trading robot is simply a computer program that makes prompt decisions regarding whether to buy, sell, or retain a respective financial asset, when given particular trading signals and trading parameters.
Trading with these robots may be better in various ways. For example, human traders no longer have to be actively present in front of their PCs for long hours, and get involved in complicated data analysis on a regular basis. Moreover, humans are likely to make errors due to psychological and emotional factors. On the other hand, these errors can be completely eliminated by best trading robots.
Trading robots are especially helpful when it comes to trading forex and binary options (for any assets). However, there has been some misconception about trading robots. Some people consider them a scam or see trading robots as too good to be true. As a trader, what you need to understand is that a trading robot is not a miraculous invention that exploits the market in unprecedented ways. Instead, a trading robot is merely a tool, like thousands of other tools designed by humans.
Similarly, a trading robot is not going to provide 100% accuracy, and its performance is very much dependent upon the parameters you feed into its system. In other words, it is still humans that make decisions on the back-end. A trading robot makes life easier by performing operational tasks automatically.
As the use of a trading robot is a relatively new phenomenon, many traders are not fully aware of the trading robots available in the market. It is important to exercise due care when purchasing a trading robot, as all robots are not the same in performance, accuracy, and efficiency.
While there are hundreds of trading robots that claim to provide different amazing services, this article tries to provide a brief analysis and discussion regarding some of the trading robots.
The purpose is to improve readers’ knowledge and understanding about trading robots, and to help them identify some of the best trading robots available in the market at present.