Binary Trading: Option Robot Review
Option Robot is one of the most recent automated browser-based systems for binary options trading.
Option Robot utilizes algorithms in identifying financial market trends worldwide. As soon as the system spots an opportunity, it alerts the traders and they are left with the decision on whether to take advantage of the signal or not. No matter the option you choose, your trades are more likely to be profitable as a result of the systems accuracy - about 83% success rate.
This binary option automates almost the entire trading process with advanced strategies. A trader is expected to set some parameters, but the robot does most of the trading.
Apart from that, this online binary system provides a trader with several technical indicators that can. Traders can enhance the system to make it more profitable. The simplicity of this system makes it the good choice for rookies in the trading field. The platform provides a number of management systems that enable traders to increase their profit margin. These systems include; Fibonacci, classic, and martingale.
Classic System safe & secure
Option Robot has a classic system that is often called the safe and secure system. The system always trades on the amount and currency pairs chosen by the trader. This makes trading a lot better and increases a trader's chances of making a profit.
When a user opts for this trading system, the trades will typically be between $5 and $500 dollars. The amount is initially determined by the user. However, users can decide to increase or reduce the set amount for trade.
Martingale system fast
This system is presently considered one of the most profitable trading systems. It trades an amount that increases after a win and drops after the trader suffers a loss. The system is programmed in such a way that it will always revert to the original lowest possible amount after a win. When a trader wins, the losses are gained and trading begins from the initial investment amount. This system is efficient for traders because it automatically helps them make the right choice even when they are in a tough spot. The downside is that it also allows the highest risk.
Some successful casino gamblers used the martingale system for many years to make a substantial profit. It wasn't too long ago that binary wizards discovered that this system was perfect for trading as well.
Fibonacci systemaccurate
This the third trading system in Option Robots. It automatically trades the amount that rises after a loss and drops after a win. The calculations are usually executed individually for each currency pair a trader selects.
The Fibonacci is called systemaccurate because it utilizes a 13th-century trading system called golden ratio. This system accurately makes predictions when assets begin to swing.
Option Robots app is available for PC, android smartphones, and Mac. An individual is allowed to use the free version of the software which offers limited features or can decide to upgrade to the full version which offers more useful options.
Option Robot free version
In the first version, a user has a choice a single broker and all three trading systems. The user is also allowed to enjoy two simultaneous trades, two currency pairs, and five-minute trades.
When using the classic system, the minimum payout amount is $20 per trade.
Option Robot full version
With the full version, a user is allowed to choose between four brokers. They have the privilege of using all three trading systems, seven simultaneous trades, seven currency pairs (which usually depends on the broker.) They are allowed to trade with a minimum of $5 and a max $100. Users also have the privilege of choosing 1|5|10|15|30|60-minute trades. The full version offers updates and upgrades regularly and users have a sixty days money back guarantee.
Option Robots trade indicator
All trend indicators with this binary option work on a moving scale. When the current price is more than average and a particular asset has an average price trend, the asset is said to be an open trend. However, when prices fall less than average, the asset is subsequently in a downtrend. The signals include;
CCI indicator
CCI is an acronym for Commodity Channel Index. The CCI has been very useful in commodity trading and has proven to be an excellent choice for binary options traders. Traders have been able to use it with other asset as well. This indicator works by comparing the current trading price with the stirring average. This trading indicator is the best tool for predicting oversold and overbought assets and also predicting a reversal.
RSI indicator
RSI is an acronym for Relative Strength Index. It is very popular for binary traders. This indicator measures the propulsion of assets by measuring the changes in price and the speed. Using a scale of 1-100, this indicator deems any asset as overbought when it at and above 70. On the other hand, it deems an asset as oversold when it is at or below 30.
WILLIAMS indicator
This indicator was developed specifically to look back over a certain time period and determine the relative highs. WILLIAMS indicator is also a momentum indicator that lets traders research the readings. In the event that the readings show levels of 0-20, the asset will be marked as overbought. On the other hand, when the readings indicate levels of - 80 to - 100, the asset will be considered as oversold. The readings provided by the traders can be used to predict rough changes in the market.
STOCH indicator
STOCH is an acronym for Stochastic Oscillator. It has been used since the 1950’s for measuring asset momentum. This indicator is approximately a mirror image of WILLIAMS indicator. Both indicators display similar results but use opposite sides. The WILLIAMS indicator reflects highs while the STOCH indicator reflects lows. This indicator is used by professionals to wipe out all false signals.
MACD indicator
This is an acronym representing Moving Average Convergence Divergence. This is a more sophisticated indicator that uses a set of two moving averages; twenty-six and twelve. Twenty-six days exponential moving average is typically subtracted from a twelve-day exponential moving average. After that, the system lays a nine-day exponential moving average which works as the trigger above this procedure.
When multiple indicators are selected, the signal will only be generated when both indicators satisfy all individual algo respectively.
For instance, if a user should select CCI and RSI indicators, the two indicators will subsequently need identical SELL signals for the system to proceed and place a SELL trade in the user’s linked broker.
The same thing applies when it's time to place a BUY signal. If any two indicators are selected then both indicators must agree on a BUY signal at the same time before the system will place A BUY trade on behalf of the user. If for any reason, multiple indicators have conflicting signals then no trade will be executed be it BUY or SELL.
Binary Option Robot Settings
There are numerous automatic binary options systems available, but all aren’t created equal. The biggest percentage of automatic trading systems don’t give the trader control over their settings on the investor’s account. The trader may be allowed to peg the amount of each trading session, but other than that, they’re not given control over the system.
At OptionRobot.com, a trader has a range of settings that they can manage. The robot will follow all investors “orders”.
OptionRobot.com Indicators
Traders have the choice of what types of indicators to use to influence the OptionRobot.com trading choices for an account. You can allow the indicators to run, or de-activate them if you want. The platform uses the following indicators;
TREND: as the name implies, the indicator looks at general trends in the market. The Robot determine calls through this Trend Indicator.
MACD: Frequently used as a complement to the TREND indicator, it measures differences between two moving averages. Plotting it against history, forecasts would be made. It is an acronym for “Moving Average Convergence Divergence.”
RSI: The indicator means Relative Strength Index. It means that when prices become too high, the majority sell and when prices become cheap, people will buy. It follows the people’s systems is often profitable.
STOCH: The system follows speed and momentum of the market conditions and also determines trades based on such factors.
WILLIAMS: This indicator is an RSI indicator. It captures extreme oversold, or undersold areas and then attacks them in short positions.
CCI: or Commodity Channel Index. It bases everything off a given average and uses the average to determine the trends.
OptionRobot.com Trading Methods
In its settings, you choose from one of three trading methods.
The Classic is considered secure while the Martingale is highly profitable, but requires more risk. Fibonacci is the most precise system.
OptionRobot.com Assets
Presently, OptionRobot.com works with currency pairs.
Compare the best binary options broker settings
As a trader, before you link any compatible brokers, keep in mind that some settings such as Trade Size and Expiry Times differ.
We recommend Stockpair because it covers a broader range of “Trade Sizes” and Expiry Times”.
Please note every broker offers a similar money management method, currency pairs, and trading indicators.
So, these are our best binary trading option robot settings for brokers.
Advantages of Binary Option RobotThere are numerous automatic binary options systems available, but all aren’t created equal. The biggest percentage of automatic trading systems don’t give the trader control over their settings on the investor’s account. The trader may be allowed to peg the amount of each trading session, but other than that, they’re not given control over the system.
At OptionRobot.com, a trader has a range of settings that they can manage. The robot will follow all investors “orders”.
OptionRobot.com Indicators
Traders have the choice of what types of indicators to use to influence the OptionRobot.com trading choices for an account. You can allow the indicators to run, or de-activate them if you want. The platform uses the following indicators;
TREND: as the name implies, the indicator looks at general trends in the market. The Robot determine calls through this Trend Indicator.
MACD: Frequently used as a complement to the TREND indicator, it measures differences between two moving averages. Plotting it against history, forecasts would be made. It is an acronym for “Moving Average Convergence Divergence.”
RSI: The indicator means Relative Strength Index. It means that when prices become too high, the majority sell and when prices become cheap, people will buy. It follows the people’s systems is often profitable.
STOCH: The system follows speed and momentum of the market conditions and also determines trades based on such factors.
WILLIAMS: This indicator is an RSI indicator. It captures extreme oversold, or undersold areas and then attacks them in short positions.
CCI: or Commodity Channel Index. It bases everything off a given average and uses the average to determine the trends.
OptionRobot.com Trading Methods
In its settings, you choose from one of three trading methods.
The Classic is considered secure while the Martingale is highly profitable, but requires more risk. Fibonacci is the most precise system.
OptionRobot.com Assets
Presently, OptionRobot.com works with currency pairs.
Compare the best binary options broker settings
As a trader, before you link any compatible brokers, keep in mind that some settings such as Trade Size and Expiry Times differ.
We recommend Stockpair because it covers a broader range of “Trade Sizes” and Expiry Times”.
Please note every broker offers a similar money management method, currency pairs, and trading indicators.
So, these are our best binary trading option robot settings for brokers.
Transparency
This binary option is very transparent and open. Most auto trading services are typically open about the techniques and indicators they use in generating signals. Users are able to view and select preferred indicators as part of a vast strategy.
Efficiency
Option Robot software is quick and easy to install. This makes it particularly easy for beginners to use. It displays a friendly window beside the broker screen that can be used to edit trading inputs.
With this system, users can configure trade and systems that suit their needs. Having the opportunity to choose from three different systems, expiry date, and trade value can be advantageous.
Flexibility
This trading software can work under a wide range of market conditions. As soon as a user sets it up, the autopilot can be enabled and the user can leave the system to do the work. Ample signals as provided when the system is running.
Disadvantages of Option Robot
Accountability
This system simplifies the entire trading process for traders by combining trade signals with a trader's strategies. However, this system doesn't take into account things like candlestick patterns, choppy markets, market reversals, and other major releases. This means that that you can not set your expectations at earning any more than a 70-75% win-rate even when the set expiry time is long enough.
Limited brokers
With this system, traders are limited to only three brokers which include; TopOption, US traders, and ZoomTrader. However, these brokers provide a lot of features for its users so it's really not that bad.
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