ROBOT FOR BINARY OPTIONS OR AUTOMATED TRADING is a novelty that can be a gold mine, or it can be just a hoax. A new trend to automate everything has led binary trading to the fact that the decision on options trading is made by robots. Some binary bots are designed for trading, others for generating trading signals. The main element remains that the decision-making will be done by a machine, not a person.
In this article, we will figure out whether it is worth using and trusting a binary options robot. What are the pros and cons of automated options trading. Let’s also consider the moment of risks in trading on autopilot.
What is a Binary Options Robot
A robot for binary options is a program that makes a decision on making a transaction, according to a certain algorithm. The mathematical display of price behavior determines the trend, so robots can read technical signals.
There are binary robots that can calculate risk management . Transactions are opened, in the amount of a percentage of the trading deposit. Usually, the algorithms of robots for trading options are compiled according to binary options strategies based on technical analysis.
SOME BINARY OPTIONS ROBOTS ALLOW YOU TO REGULATE RISKS. THE LOWER THE RISKS, THE LOWER THE EARNINGS AND THE TURNOVER. IT IS NECESSARY TO USE THE RULE OF THE “GOLDEN MEAN”
Types of Binary Options Robots
There are several main types of binary trading robots. Each of them differs in functionality and main purpose. Let’s consider the three main types of binary bots.
Optional robots for copying trades
It is a program that generates a signal based on the behavior of the mass. It checks the trades of traders who have the highest trade scores and shows you their behavior. The trader can copy the trades himself or put it in automatic mode. In this way, the robot will open exactly the same trades as the traders we are following. Copying trades can make a profit, or be an additional opinion for making a decision on a transaction.
The copy trading service is offered
by many brokers from our rating
. You will receive free access immediately after activating your account with the broker.
Signal generation robots
The purpose of signal bots is to show you the result of the analysis according to a programmed algorithm. Usually, formulas of technical indicators are included in the program. The totality of the readings shows us the result. Buy or sell an option.
Binary options robots for automated trading
This is the most interesting robot. The program is immediately connected to the broker. After making a deposit, and easy settings, she starts trading for you. There are robots for options trading that can calculate risk, you can choose an asset for trading, as well as many more settings that suit you personally. Even trading time.
Go to binary
options robot reviews.
What is the difference between a binary options robot and an Expert Advisor
Expert Advisors for options trading, show and signal a possible transaction. While the robot itself opens a position with a broker. Thus, practically trading instead of the trader himself.
Some robots are built for signals. In fact, they analyze a lot of technical indicators and give the result. The most complex robots also evaluate the news history and give advice, i.e. generate a signal.
Cons of Trading Options Robots
Surveys have shown that the majority of traders start trading with minimum amounts, up to $ 1000. Therefore, the robot cannot completely take into account risk management. Such bidding turns into a game of chance, namely, a casino.
Any machine can fail. Therefore, binary options robots can simply “break”, this is something that cannot happen to a trader.
- In financial trading, it is recommended not to risk more than 2%. When the minimum trade is $10, the deposit must be $500. If it works in the red, the robot will not be able to take into account the risk of management.
- The robot does not take into account the opinion of the crowd, and instant changes. Even if the robot for binary options will work according to the strategy, on short time intervals, it will not be able to take into account the news.
- The size of the transaction relative to deposits is too high.
THERE IS NO SUCH THING AS FREE CHEESE IN BINARY OPTIONS TRADING. THEREFORE, ALWAYS KEEP AN EYE ON THE READINGS OF THE OPTIONS TRADING ROBOT.
Pros of a Binary Options Robot
Despite the list of disadvantages in options trading using a robotic process, there are also many advantages. The program can process more information than any human being. Using patterns (patterns of market behavior). Thus, if you use and configure the options bot correctly, you can increase the chances of constant earnings.
- If you correctly turn on and off the robot, control its operation, you can find quite a few advantages.
- The robot can open several trades at the same time, and simultaneously evaluate and analyze several instruments.
- The robot can trade always, increasing the number of trades
- Some robots allow you to adjust the risk
Binary options scammers.
The main problem of binary options robots is scammers. Often on the Internet you can find advertisements in which they tell how you can earn money for a car and a house without doing anything. You just need to download the binary trading robot for free. This trap was invented by scammers.
Traders make a deposit to the broker, and the robot drains them in just a few hours.
Why?
Scammers don’t want to spend money on development. After all, it is not so easy to come up with a job for binary options. They use regular expert advisors that open trades instead of traders. Since the algorithm is made by scammers posing as super financiers, traders have no chance to make money.
ALL OF THESE SCAMMERS OFFER PROGRAMS THAT ARE SUPPOSED TO EARN YOU MILLIONS OF DOLLARS THEMSELVES. THEY STEAL MONEY FROM NAÏVE TRADERS. GO TO,>> WHAT TO FIND OUT WHO IS DECEIVING YOU.
Pay attention to binary options scammers. They all promise to make us money, automatically, just need to make a deposit. And the super binary robot will make millions of dollars for us.
Binary options robots are honest.
We’ve put together reviews for you about several automated trading software. We used them and they showed a good result. When using them, we must remember that during the test we controlled our trading. Robots were turned off with strong movements and news releases.
We tried to track under what conditions automated trading made a profit, and when it made a loss.
What is worth remembering when choosing a robot for binary options
There are several rules that will help you protect yourself from scammers and losing money. Remember, you need to check everything and always. Do not believe the promises and remember the rules:
- There is no robot that earns 100%
- Robots cannot use risk management on minimum deposits
- A lot of robots are just a hoax, check and look for reviews
- If you see that the robot is losing your money, disable it
- Remember, YOU and only YOU are responsible for your trading
Instead of a conclusion:
Using binary options robots can help in trading, or it can lose your money. We must always remember that there are a lot of scammers on the Internet who follow the trend and catch naïve traders. A lot of promises and pressure make you make a deposit and lose it.
When starting to trade, always do a test and pay attention to which binary options broker the robot works with.
After you have decided on a robot, increase the deposit, and always, always control the robot. Memorize and write down the rules we have given you.
Remember in the end, your result depends on you.
GO TO THE
ROBOTS SECTION AND START TESTING
Tagged with: Binary Options Robots
