Trading Indicators Available with Option Robot
There are six indicators that can be adjusted in your program. If more than one is selected, a signal is not generated until all algorithms are satisfied.
- Moving Average Convergence Divergence (MACD) –This indicator compares two different moving averages. It plots the two averages, historically, allowing forecasts to be more easily made.
- Stoch Indicator – This indicator tracks the speed and momentum of the market and decides on trades using this information.
- Relative Strength Indicator (RSI) — When prices get very high, most are likely to sell. When prices get very low, most will buy. This indicator just follows what most are likely to do.
- Williams Indicator – It notes extreme over or undersold areas and takes advantage of them through short positions.
The Option Robot is simply a program that is set to automatically make trades for you when the conditions meet your specifications.
Brokers Compatible with Program
- StockPair
- 24Option.com
- Binary TILT
- empireoption
- TropicalTrade
- BancDe
- Tradorax
- CherryTrade
- GOptions
How to Use the Software
First you need to select the currency pairs that will be traded in your account. Next set the expiration time. The third step is to set the amount of money that you will invest in each trade. Under the “Settings” section, you need to set the indicators that will generate the trading signals for your account.
The Classic system always trades the same amount each time, no matter what happened in previous trades. The Martingale will increase the amount traded after a loss and then drops back to the original amount once the loss is recovered. The Fibonacci system, increases the amount after a loss and decreases the amount after a win.
The program does not require any downloading. It works with most operating systems in use today. The only thing that is required is setting up the account as described. Simply, complete the form provided online, chose the online broker you wish to use, and deposit funds to your account. The minimum deposit is $200.00.
Online Customer Service
If you have any problems and require assistance with the program, you can contact customer service by email or a web form that is provided. The program understands English, French, German, Italian, Swedish, Dutch, Arabic and Russian.
Demo Site
Before you start trading with real money, you can go the demo account page and practice, so you can get used to the settings and trading styles available. You can use.
More About Auto Trading Software
Auto trading software is a system that uses mathematical algorithms to try and predict future outcomes of transactions, based on previous price data. These previous prices help the program to spot signals that are beginning to make a similar pattern. There is no guarantee of success, we are just using historical movements to help determine future movement.
The investor still has responsibility in the outcome, because they must select their trading parameters, which are input into the system to develop the trading signals. Aside from this, the trading is pretty much on auto-pilot.
Benefits to Using OptionRobot
There are several benefits to using the OptionRobot to trade binary options, aside from the simplicity. Some of the main benefits include:
- The trader has input into the trading strategy that they use.
- Once the parameters are determined and set, the program is 100% automated.
- It is easy for beginners and experienced traders alike to use the program.
- The program is compatible with Mac and Windows systems. It also works on Android and other mobile devices.
- Since you set everything up, your trading account becomes an extension of you. It does what you want it to do, so you can focus on other things that are important to you.
- It will save you a lot of time, because it is an automated system, that does your specific trading strategy. You don’t have to watch it full time.
- The program allows you to use automatic stop loss features. This protects your funds when you are not able to watch them every minute. While the program is automatically trading, you set the amount you are willing to risk.
- If it seems that the auto trader is signaling more losing trades than winning ones, you can use Reverse Trading, to take the opposite position and improve your results. Test this out for a bit to make sure it is what you want to do.
- It is believed that about 80% of the signals are correct.
Costs Associated with the System
Believe it or not, the Program is completely free of charge. Just set up your account with one of the participating brokers, set your parameters and that’s it. You don’t even have to install updates to the system over time. The system will be automatically updated for you.
How do Algorithms Benefit Traders?
Algorithms are a set of step-by-step instructions that take data and find conclusions based upon that data. Algorithms analyze data and can do complex calculations quickly. They can find information by using information.
What Type of Investors Benefit Most from the Program?
- Beginners and new binary traders – Due to the software program’s automation, it identifies the signals for you, and helps you learn identifying parameters.
- Busy people – People who work, have families and don’t have the time to sit at their computers for long periods of time.
- Professional Traders – You can automate the system, while you are doing other trades, so that you don’t miss any opportunities.
VIP Version of OptionRobot
The VIP version of the program has added features that can help improve your results even more. Trades can be set with a smaller or higher level of risk to increase potential returns. Traders will get two months of free VIP trading by referring a friend who opens an account.
If you are interested in getting better results from trading binary options, the OptionRobot is a great place to start. It gives you an easy system to follow and even gives you practice time to determine the best approach for your risk level. You can become a more professional trader because you will learn as you go along, Using the program will allow you to more accurately build winning strategies and make more profits in the markets.