Estimated reading time: 6 minutes
Before we talk about binary options auto-trading robots, it is essential we discuss and understand how these auto-trading robots work and why you should use them in place of manual trading.
Binary Options auto-trading is a system of automatic trading in the binary options market where trades are executed by a computer-based program(often called a robot) on a particular platform.
The computer program (robot) is developed with a set of trading strategies deemed necessary for profitable trades. These trading strategies are often based on technical analysis alone as it is often difficult to integrate the fundamental component alone into these programs because of the unpredictable nature of market news.
Fully Automated Trading Robot: This form is very similar to algorithmic trading where the computer algorithm or simply, the robot decides on which asset to trade, the timing for executing the trades and the the direction of the trade.
These are done based on the technical strategies integrated into the robot. All these are done automatically without the need for your intervention. The only thing you may need to do is to change the amount to be staked in a particular trade though this can also be done automatically.
Signal-Based Trading Robot: This is also a form of algorithmic trading but in this case, the robots generate trade signals for the user to manually input in the platform. In essence, the programmed system highlights potential trading opportunities and it’s left for the user to manually execute the orders with a broker.
While there are many advantages of using a robotic auto-trading system, the major demerit is that people are always exposed fraudulent trading robots claiming to make millions overnight.
Now let’s compare the various automated trading systems to help you find the one that will suit your needs the best.
|Type Of Robot||Web-Based||Web-Based||Executable ComputerProgram|
|Ave. Winning Ratio||Above 90%||Above 85%||Above 87%|
|Cost||Free||Free||$79 for Unlimited License|
|Free-trial||Not Necessary as it’s already Free||Yes||No|
#1. Super Simple Bot: (Currently #1 in Performance and Profitability)
With ITM trades ranging from 80 – 89%, Super simple bot, is a top rated software that has proven to be one of the most successful automated trading robots in the binary options industry. When you sign up, the robot will be automatically synced with your broker and therefore allow the trade signals to be easily copied and executed from within your broker platform. The software is free and fully web-based meaning you don’t have to download any other applications or programs to run it. Start today to automate your binary trades!
#2. Trusted Binary Bot:
Trusted Binary Bot is a professional auto trading software which places trades on the trader’s behalf.
With the trusted binary bot auto trading software, you do not have to trade yourself, because the software does it for you. It works on the principle where trades are executed very quickly with updated signals. This way, trusted binary bot enables traders to maximise profits in successful trading process. Trusted binary bot is a highly developed mechanism, which is simple to use for both traders beginners and experienced traders. Due to its sophisticated software, Fund is compatible with multiple binary options broker platforms.
An excellent feature is that Trusted binary bot can work even it is offline, so there is no need for traders to be online. Trusted binary bot is not affected with any trader’s emotions or negative circumstances. It is completely automated software that works on very accurate signals, which leads to high payouts. The second very important element of successful trading is quality customer support service. The Trusted binary bot support is always there to assist you with any problems you may encounter while using the software. This is unlike many scam products where the support is almost non-existent or very difficult to reach.
Trusted binary bot provides traders a great opportunity to be successful and to improve their skills in order to become experienced traders and increase their profits. For traders it is very important to know that with Trusted binary bots they don’t have to worry will they make a wrong trading move and constantly think will this decision bring them money or potential money loss. With Trusted binary bot, you don’t have to think about that, because this software is responsible for analyzing different market trends on daily, weekly and monthly basis.
Below are the excellent benefits of using Trusted binary bot:
Binary options robot (binary-option-robot) is an automated trading software for binary options. It is an executable file that can be freely downloaded to your computer. It generates signals and as well trades on your behalf using those signals.
The signals are generated based on the technical strategies that are integrated into the robot. The robot works by analyzing the market trend in real time and calculating the live value of each indicator (MACD, RSI, Stochastic oscillator, William’s percentage and Commodity channel index). The indicators that gives best signals are MACD and RSI.
With this robot, you’ll get access to the following:
This kind of robot is best for beginners as well as traders who don’t have time to study the market and execute the trades by themselves.
#4 Binary Options Auto-Trader (Robot No Longer Works)
This auto-trading software detects trading opportunities on your broker platform based on a host of indicators. The combination of signals from these indicators helps the auto-trader place profitable trades in your platform.
It is also useful to mention that this auto-trader is a web-based software and uses the latest technologies in web applications to connect to the root servers and receive professional trading information in real time.
You May Also Like: Binary Options Robots Auto Trader Softwares
#5 Trade4me (No Longer Profitable)
This is also an automated trading system. It is different because it’s a social trading platform made up of followers and signal providers. The professional traders provide signals which gets automatically copied and executed in the follower’s broker platform.
The follower has to choose his/her preferred trader of choice. Whenever, the signal providers trade in their live accounts, the same trades are copied directly unto the associated followers’ accounts.
Often referred to as the Etoro of binary options, Trade4me is the world’s first social trading platform in binary options. To work with them, you just have to register a new broker account integrated with their platform and start following professional traders.
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