Binary Option Robot Review
Some people like this software, some people don't like this software. But the fact is: we having positive results with this software, check out:
The new automated trading software called Binary Option Robot is the best software we have seen for binary options.
There are two types of systems that traders use for binary option trading; Auto Trading Robots and Signal Generators. The auto trading software as its name implies, automatically places trades on your behalf.
Some traders prefer to just receive the signals, and decide on their own; whether or not to place a trade. The Binary Option Robot has that option also. It is more than just an automated trading software.
One of the big dangers of using an automated trading software or a robot for trading binary options is the risk of blowing out your trading account. At least the Binary Option Robot has settings to minimize the number of trades and VIP traders can also select the risk level for the trade.
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Another benefit of the software is that they are constantly upgrading, tweaking and adding new features. From when we first reviewed the software in January 2015 until today, there have been multiple updates.
In April 2015, they added signals for: Gold, Oil, S&P Futures and Dow Jones. In September 2015, they added 10 more languages to the software. In December 2015 they added two more signal sources; Pro Trader Michael & Pro Trader Liberty. In January 2016, Avangard signals were added.
Here are the main features of the Binary Option Robot:
It works with multiple brokers, including the European licensed brokers 24Option, and Banc De Binary, along with the popular brokers; EmpireOption, Tradorax, and Finpari.
Traders can select which assets to auto trade.
Traders can choose the size of the trade.
Traders can set a limit for daily trade losses.
Traders can choose the max number of daily trades.
Choose from 27 Forex pairs to trade.
There are so many options to setup your Binary Option Robot.
the most important is the "Risk", more risky more trade per day.
you also can choose the best trader to mannage your account acourding his trade history
How the Software Actually Works
The software works by using a sophisticated algorithm for trading that will compare an indefinite amount of data from previous years in order to predict changes in the market. The fact is that we have seen a significant gain with the use of this tool, all without understanding the somewhat technical stuff that is provided by the website. The amount that you will have to deposit in order to begin trading will be dependent on the broker or brokers that you choose. There is no maximum amount, which is beneficial for some.
Check the video review:
What is the Average Win-Rate?
After testing the software out I was quite impressed with the win-rate. Generally speaking, you’ll see a win-rate of 70%, which varies depending on the time frame you’re using. I wouldn’t trust the 83% win-rate claimed on the homepage or the “Latest Trades” screen.
I’d also avoid using the 60s expiry times on the Binary Option Robot as the signals are a lot more prone to the background noise in the markets. For example, I was probably seeing a 30-50% win-rate with 60s option.
However, if you use the 15m, 30m or 60m expiry times then you should see a 65%-70% win-rate. Generally you’ll win 2 trades out of 3. Obviously you’re not going to win all of the time as the software relies solely on technical indicators, which don’t work well in choppy markets or during major market events.
The reason I’m sticking up for this software is even though it doesn’t win all of the time; it only takes a 65%-70% win-rate to start making money with this software.
The returns that we have seen with with the software are actually based on the amount of risk that we were willing to take. We got up to 83% returns with our test. However, this software makes it easy to change the risk level with a range from green to red, indicating the risk that we were willing to take, the higher the risk, the better chance to make money for traders and vice versa.
Click HERE to see the results and profits that you can make just in one week.
BinaryOptionRobot offers free software; however, you can also opt for a VIP account. This provides premium features that are not available with the free version. To get a VIP account, make a deposit within the next 48 hours after you registered or you can refer a friend with a referral link. Then you and your friend will each receive two months of VIP status.
There are a number of different options available by the customer service offered by BinaryOptionRobot. You can call and talk with their live operators, or contact them through the live chat feature. The best part is that we never had to wait if we had questions or concerns about our account.