Binary options trading is gaining popularity among fans of the binary options exchange game. The opportunity to make money in the financial market attracts everyone. Anyone can try their hand and knowledge to start making money online.
In this article, we will show how trading robots work and who makes money on them. A robot for binary options can earn instead of a trader, or it can lose all the money. Read the article and learn how to make money on the machine.
Programmers decided not to delay and began to write programs for making decisions for trading. After all, everyone wants to make money without wasting time. The process includes the ability to take into account many parameters and variables in the decision-making algorithm. In some cases, trading robots bring high results, in others, the loss of the deposit occurs in a matter of seconds.
Types of Binary Options Robots
Robots make decisions based on the information received. All indicators and indicators for the analysis of movement are based on time and quote. Accordingly, we can calculate the velocity (the change in the price of an asset for a certain time).
There are two main types of binary robots.
SOME BINARY OPTIONS ROBOTS CAN TURN AUTO TRADING ON AND OFF. AFTER SWITCHING OFF, THE ROBOT IS USED AS A SIGNAL MACHINE
The first type trades on a full machine and does not require the intervention of a trader. Such robots show low results, with very high risks. The basis of the decision is Technical analysis and the history of the behavior of the asset price in the past.
The second type of automated trading requires supervision by an experienced trader. Since the automatic mechanical action cannot take into account the news and unexpected factors that will change the price.
Automated Trading System Strategies
Since the parameter for making a decision is only time and price, robots use only technical analysis based on indicators. Often we come across robots that are based on a midfielder, moving averages and several oscillators. There are robots that send trading signals based on the rate of price change. Therefore, traders who adhere to fundamental analysis use only “high-speed” robots.
Using the formulas of technical indicators for binary options trading, it is possible to write a robot that uses all possible analysis tools.
How the robot works.
The integration moment of the trading robot occurs directly with the platform and the trader’s account. The “bot” must connect to the trader’s account and be able to make transactions. Thus, the trader himself allows a third party to get all the information about himself.
After all, if a robot program can trade, it also has access to all the details: Personal data, account, bank account, etc.
Of course, trading providers usually check such robots, but unfortunately there is no 100% guarantee of protection.
If you decide to test the robot, start with MONEYBOT. The robot has shown good results, and helps beginners to earn money.
How Much Does a Binary Options Robot Make
Theoretically, if the robot is sharpened for binary trading, it can earn an average of about 600% per month. However, the main parameter is, of course, the RISK, which is present when trading. Some robots show the percentage of performance on successful trades.
SOME BINARY OPTIONS ROBOTS HAVE A RISK MANAGEMENT FEATURE. IT ALLOWS THE TRADER TO CONTROL LOSSES
Risks in automated trading
Since the robot makes a decision based on technical indicators, it does not pay attention to the ratio of the deposit to the volatility of the market. Transactions are placed as a percentage of the deposit, taking into account the minimum rate.
If the minimum bet of a binary broker is $ 10 and the deposit is $ 200, respectively, the minimum bet of a binary robot will also be $ 10.
Sensitive robots that work on many instruments at the same time can find and open up to 40 trades at the same time. If the machine is set to turbo trades (60 seconds), then the number of transactions will be higher.
The more transactions, the smaller the deposit amount is taken into account, the greater the risk and the chance of losing money.
Who makes money on binary options robots.
Basically, programmers earn money through the sale of programs, so robot advertising is everywhere.
You can earn money if you know 100% of the strategy of accepting, entering and exiting a trade.
If the robot is set up correctly, and it is indeed a robot and not just scammers, then the trader also earns. Having identified the right robot for auto trading, we can compare the results of our strategy and the machine.
Inference:
The use of robots for automated trading is very dangerous, and threatens to lose the deposit. After the tests carried out by our team, we came to the conclusion that only if you can control the parameters of the robot, you can reduce the risks and increase your earnings.
We do not claim the safety of robots, but the fact that there is no 100% protection is for sure.
Tagged with: Binary Options Robots
