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Option Robot Review – My Experience With This Trading Software!
If you are involved in Binary Options Trading then you must constantly be in touch with the upcoming trends and developments. Software developers come up with new algorithms to further refine and fine-tune the trading process and increase the profitability of their software. In our reviews, we try to bring forth the various aspects of trading and how the software fares in its claims. Today, we review the Option Robot trading software. This review serves to inform you about the pros and cons of using it. Through our vast experience in the field of adjudging trading software and brokers, we can comfortably state that the Option Robot offers safe and handsome returns on your investments. Read on our Option Robot Review to know why you can trust the Option Robot and what are the advantages it has to offer.
Official Website – optionrobot.com
Is the Option Robot Software A SCAM?
To put it across nice and straight, the answer is a big No! Our research concludes that the Option Robot does not show any traces of fraud. Another fact to strengthen our claim is that it has been around for over three years now. Any fraud system cannot continue unchecked for such a long duration. The disclaimers mention the risks and caveats clearly and there is absolutely no intention to hide anything from your view. We really liked this transparency. There are no stock photos or testimonials on the website. We have reviewed so many scam software that this one seemed unusual but in the positive sense.
Option Robot Review – An Insight
When it comes to the success rate, anything above 75% can be considered a fairly good return. The Option Robot comfortably achieves 83% success rate which is the talk of the town. There are many scam software which claims over the top success rates and may seem attractive, but one must not get carried away. On the Option Robot website, there are no wild promises or false sugar-coated statements. There are no misleading videos showing you the rich and affluent side of somebody else’s life. There are no testimonials and reviews from paid actors or identity thefts which the scam systems use so shamelessly.
The Option Robot Software has been consistently delivering top-notch performance. It allows you to choose from three strategies which we would discuss in detail. Plus, you can take advantage of the different indicators which are used by the Option Robot. Option Robot deals with currency trading which take place in pairs. Currently, there are eight currency pairs available to make a choice from. Expiry time choices are 60 seconds, 5, 10, 15, 30 minutes and 1 hour.
The Three Money Management Systems
Option Robot offers three profitable money management and binary options trading systems.
If you are an extra cautious person and like to keep your investments safe and secure, this system is best suited for you. This system invests money in trades while being completely agnostic of the past outcomes. If you are content with decent and near linear profits, then you can choose this system. Remember, in binary options trading, the more risky trades generally fetch the greatest dollar.
This system should be your choice if you like to take risks in your strides. The Martingale system could help you fetch faster and perkier profits. For each forex pair, there is an independent martingale sequence.
Accuracy is the word that can best describe the Fibonacci system. Greater the accuracy, the more are the chances for your trades ending up winning. The Fibonacci system varies your investment sizes according to the win/loss sequence. What this means is that the system cuts your investment size for the next trades if the previous one ended in a loss and vice versa. This is a way of safeguarding your investments and trade in an efficient way.
The indicators are signal readers which help the OptionRobot.com to make decisions. You have the choice to set which among the six available indicators should influence the trading. Any combination of indicators can be used and any number. Below is a description of the trading indicators, Option Robot uses.
Trend Indicator – Whether or not it’s time to call it Puts or Calls, is what this indicator determines. This indicator analyses the market trends and suggests accordingly.
MACD – It stands for Moving Average Convergence Divergence. It is used to forecast events and is a compliment to the trend indicator. It measures the difference between two moving averages.
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RSI – RSI or Relative Strength Index indicates to the option robot to sell the asset when the prices get high and to buy them when prices go down. It is reliable and is also called the people system.
STOCH – This system was developed by Dr. George Lane in the form of Stochastic Oscillator. It follows the market conditions and suggests trades according to the analysis.
WILLIAMS – It is the simplified version of the RSI indicator. This system identifies the oversold or undersold areas and targets them in short positions.
CCI – Short for Commodity Channel Index, CCI compares everything with its average over time and uses it to determine the trends.
Advantages of the Option Robot
- Choice of trade amount ranges from $5 to $500. This gives flexibility and caters to the needs of all type of traders. The Robot can also be set to make 1 to 8 simultaneous trades.
- Choice of brokers is immense. You would not have seen such a transparency with any other system. The brokers are renowned, and a few of them are also regulated ones.
- The income that the Option Robot generates is its unique feature. A handsome 83% winning rate guarantees return on winning trades which is enough to boost your income and standard of living.
- The various indicators give complete control to the traders to follow the clues and trade based on different parameters.
- The Option Robot system offers great support in case you need any. Its customer service is always prompt in giving any support you may need. The analysts are mostly always online and in the rare case that they are not; the contact form can be used.
We have seen a lot of users reporting that they are finding no problems whatsoever in withdrawing their earnings. Different brokers allow different timelines for withdrawal processing, and you may choose the broker which best suits you. Most of the brokers use wire transfer followed by Neteller or credit cards.
How To Start Using Option Robot:
- Visit Official Website of Option Robot – optionrobot.com
- Click on Open Free Account.
- Select broker from dropdown menu & fill that form with your details (First Name, Last Name, Phone No., Email Address).
- Proceed further and fund your account with an initial deposit of minimum $250.
- Start Auto Trading.
Option Robot Review Conclusion
You may find websites or blogs criticizing the Option Robot. While we respect their views, we beg to differ in our opinion. When a system offers so many renowned brokers to choose from, is it not unfair to doubt their intentions? The professionalism is apparent from their website. There are no exaggerated statements or testimonials anywhere on the website or any sort of false promises on 100% money security. The Option Robot website clearly reads out the risks and benefits. With so many money management systems to choose from, the Option Robot is a complete package for anyone who loves binary options trading. Rest assured that it is not a scam and we have verified its working and found it to be genuine software. Joining the system is as easy as one two and three. So waste no time and be a part of this wonderful software system.
Binary Option Robot
In today’s article, our professional trader Michael Allen will teach you how to spot binary options trading scams. You will also get systematic instructions, which will allow you to trade effortlessly with the best binary option brokers (such as IQ Option) and automated binary option robot. If your goals are any of the following, then please keep reading, as this is the right article for you.
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TABLE OF CONTENT
How to Make Money with Binary Option Robot
Instructional Video – Binary Option Robot
Best Robots Signal Services
Option Robot Review
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Option Robot – Scam Investigation
Hello, my name is Michael Allen. I have been a professional stock trader for over 20 years now. I have seen a number of economic ups and downs, both personally and professionally. In most of the worst cases I have seen, the main reason was because of lack of experience or poor timing. Sometimes the losses are just attributable to bad luck and stats. However, the saddest thing is that many of these losses could have been easily avoided.
In this article, I will teach you how to discern a good, effective binary options robots from robots whose only purpose is to take an investor’s money. In addition, I will give you my personal recommendation, if you want to invest with automated trading software.
Binary Options Robot Scams?
Nowadays there are several automated binary options robots available on the market, but despite the fact that the of the vast majority of them are honest: you will still find the occasional bad apple, whose sole purpose is to take your money.
If you are new to Binary Option Robots, then I would recommend reading our home page first, where I tell you in more detail about how traders can benefit from using trading software.
The great thing about Binary Option Robots, is that they can make profit in situations in which human beings are not quick enough to take advantage. If you are trading with binary options already, then you will already know that there is almost no situation where a Binary Option Robot doesn’t help you in some way: making you more efficient and helping to maximise your profits.
However, it is vital that you choose the right robot, otherwise you risk not making as much money as you should! I will also take you through the things to watch out for, which will allow you to recognise whether a Binary Options Robot is legitimate or fraudulent.
Here are the warning signs, which will help you to spot Binary Options Robot scams!
No Scam Option Robots Video
Are Binary Robots a Scam? (How to Spot a Scam Binary Option Robot?)
- Poor Website Design. This is my number one red flag. Scammers do not bother to spend time or money to make decent web pages. Usually, they see an opportunity to make fast money and immediately take full advantage of it. I recommend paying close attention to potential image manipulations: some unnamed scammers are using photoshopped celebrity images on their webpages. While some websites are so amateurishly made that everyone can easily see that they are untrustworthy. On the other hand, if the website is as stylish as websites of large companies, it is very likely that it was made with honest goals in mind. With Binary Options Robots, it always pays to judge a book by its cover.
- No Information About The Binary Option Robot’s Features. If you cannot find any information about the binary option robot’s features, then it is very likely that the features are very bad, or the binary option robot is extremely simple. Every honest piece of binary options software has a very wide range of ways to customize its functions according to your desired parameters.
- No Previous Trading History. If you cannot find any information about past trades or data from previous years , this is a huge red flag. If the binary option robot were actually able to make a profit, why would the developers hide its results? This just does not make sense. Many robots promise high profits for their users, but when they try to locate where these profits come from, it is almost impossible to discover. The best binary options robots – such as the option robot – keep their trading history clearly visible on their website.
- No Contact Information or Possibility to Contact Customer Support. Fraudsters do not have any interest in helping when problematic situations occur, so it is likely that they do not even bother to put contact information on the website. Even if there is any, they are most likely fake. However, if you find contact information and you get answers to your questions, there is a good chance that the robot is trustworthy.
- The Binary Option Robot, costs Hundreds or Even Thousands of Dollars. There are many excellent free binary option robots available on the market, so there is no reason to pay large sums money for binary trading software. For example, my personal favorite – the option robot – is currently available for free. It is without a doubt the best binary robot, so there is no reason to pay for software of inferior quality.
- Clearly Exaggerated Results and Promises. If an option robot promises an income of more than $1,000 per day for a new user, it is very likely that it is a scam. None of the fully automated binary option robots is able to guarantee such results at the moment, and I doubt that it will be possible in the future. The best results that you can realistically expect are a few thousand dollars of monthly income. Even such results do not occur instantly: you need to experiment, fine-tune and be patient. Investing always involves the risk of losing, so if someone promises you something that is too good to be true, then it almost certainly is.
- The Binary Option Robotis Only Compatible with Shady Broker Sites. If any of the well-known binary options brokers (such as 24Option or IQ Option) do not trust a certain robot, then you shouldn’t either. The more brokers to choose from, the better for the investor. This way, you can also take advantage of bonuses, risk-free trades and other possible benefits that are available for new investors. Your investments should always be stored on a separate broker account, and you should be able to turn the robot off whenever you want. Therefore, you can significantly reduce the possibility of fraud.
- The Binary Option Robot Has Only Been on The Market for a Short Period. This does not necessarily mean that the software is fraudulent. However, scammers usually stay on the market for a short period. If the software has been available for many years, it is much more likely that it is trustworthy and useful to help you earn money. Scammers tend to get so much negative publicity that it is almost impossible for them to remain on the market for many years or even months.
- Only a Few Trading Assets Available. Some fraudulent option robots only trade with one trading asset, or even worse, it makes no real trading at all. A wider variety of trading assets also means more opportunities to earn money. It is almost impossible to earn money if there is only a couple of trading assets to trade. There are some exceptions; sometimes by specializing in a particular trading asset, an exceptionally good trader can make a huge profit. Lack of educational resources are also a red flag.
- I have used dozens of different binary option robots and so far,have only found three that have been able to avoid all these fraudulent signals.Next, I will detail the most important features of this automated trading software, and tell you which ones are superior to their
Legit Binary Option Robots
When it comes to auto trading systems, there are no shortage of options to choose from: the market seems to be saturated with these systems, yet they seem to grow at an almost exponential rate. However, this has meant that a few outstanding pieces of software have risen to the top in this cut-throat world. Trading systems, like Option Robot, have to work twice as hard to remain legitimate, given so much of their competition engages in unscrupulous activity, which gives the industry a bad name. In my view Options Robot is one of the very best pieces of trading software out there, and I recommend that everyone investigates it as an option: trust me, you won’t regret it!
Start making money today with the Option Robot. It is extremely simple!
Top Notch Software
Few pieces of software can boast a proven hit rate of over 75%, which makes Option Robot’s 90% accuracy rate all the more impressive. It is comfortably, among the top 5 robots in the world, and as soon as you start using it, you will see why: its system is well constructed, it has an excellent website, great customer service and the software itself really works. In a market filled with dodgy alternatives, The Option Robot, is a breath of fresh air, delivering exactly what it promises, in a sleek and professional manner.
Of all the robots that we tested it stood out in pretty much every category: no big or unrealistic promises, an easy sign-up process, with clear instructions and all the necessary information about the software itself. This is complemented by an informative blog, which describes all the linked brokers, making it by far and away the best site for options trading.
How the option robot works
The Option Robot is a 100% automated piece of trading software that generates its own high-quality signals and then automatically places trades directly to the client’s broker account. To ensure maximum accuracy, the option robot generates signals from not one but six market indicators each with its different strengths and features. You, the trader, have the freedom to choose which indicators that you want to provide signals for your trades. It puts you in total control of these indicators, allowing you to choose from one of them all the way up to all six of them. The software ensures that the robot cannot place a trade if the signals produced by the indicators are not correlating. Which leaves very little margin of error and may explain the impressive hit rate of the robot.
The trader also has the freedom to choose which brokers to sign up with as opposed to having one pre-selected for him/her as is the case with most binary option robots. The downside is, you have to open a completely new broker account when signing up(existing accounts are not supported).It also allows you to open a demo account, allowing you to test the software, before depositing. It operates slightly, different from a real account, which uses the Reuters live feed, while the demo version uses eToro live pricing feed.Itis an ideal way to test the option robot without risking your money.
As you would expect, the software’s creators have affiliated with numerous trustworthy companies, which are mainly approved by the CySEC, famed for being one of the most rigorous regulators around. Stockpair and 24Option stand out on this list, and you can be confident that with this calibre of broker, your money will be safe.
The Option Robot is compatible with the biggest and most trusted binary options broker sites.
Option Robot Trading Systems
Everything about The Option Robot is systematic, and the trading process is no different. Basically, the option robot places trades based on one of three trading systems, selected by the trader.
- Classic System– This is the oldest and most used trading system in binary options. It is regarded as much safer and is a favorite of newbie traders. It doesn’t offer much in terms of profits but then again, it is associated with very few losses.
- Martingale System – Widely used in Forex trading, the Martingale system is the best choice for traders looking for quick profits. It places higher risk trades which are known to have very high profit margins. This may not be the right system for beginners as it can bring your account balance to zero in minutes.
- Fibonaccisystem – This is one for traders, who are looking for bigprofits. It increases the trade size sequentially after every win or loss. If all goes well, the eventual profits are far bigger than with the other systems, however, on the flip side, the losses can also be bigger.
The Option Robot is one of the very few robots that can be considered a trader’s robot. Everything about the robot, from the brokers to the trading program or method and even the currency used is all firmly under the traders control. The developers, limited the number of simultaneous trades at any one time to 8. The trade sizes are also flexible with the minimum amount being $20 and the maximum $500.
- Overall rating 4,9 out of 5
- Scam test result: Pass
I would definitely recommend Option Robot to every trader out there who wants to capitalize on binary options. Apart from being positively reviewed on most major sites, the option robot has a lot to offer with the signal generation and trade placement method that it uses. We rarely see the use of such complex indicators in binary options robots. While the blog, with the regular updates is also of great help to all traders, as is the highly responsive customer care service. Furthermore, there are no scam testimonials promising that you will make millions of dollars a month and you can use the demo to test everything out. The Option Robot is the Ferrari of binary trading software!
Binary options is arguably the fastest growing financial trade. Millions of people all over the world are now paying attention to the trade, once regarded as Wall Street’s version of gambling. And it’s not all about the huge returns, although that also contributes to its popularity. Perhaps what attracts people more to binary options is the relative ease of setting up a broker account and commencing trading in addition to the convenience of trading and following up on placed trades from anywhere at all times. The large number of auto trading systems make it is even easier to trade binary options.
The Automated Binary is just one of the possibly thousands of trading systems available and the subject of this review. Is The Automated Binary a scam or not? Read on to find out.
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Automated Option Trading Software Review
Over the last couple of years, there have been some innovations in the binary options industry, these innovations aim to make trading easier and less tedious. One such innovation is auto trading software or binary option robot as they are commonly known. These binary option robots are programmed to do technical analysis, create option signals, and execute trades faster and with more accuracy than any human system, without the trader having to leave his seat or bat an eye. Unfortunately, most of the super-hyped and promising ones are outright scams only interested in making your wallet lighter. However, there are a few good and legit ones, the many scams have given auto trading software such a bad name the traders don’t know what to believe and what to stay away from, many have even sworn off trading robots completely. It is our duty to inform you, so that you will be able to make informed decisions (see what I did there?) and keep your money for longer. This review delves deeper into Option Robot and presents you all you need to know. No sugar coating. No bias.
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TABLE OF CONTENT
How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Get the automated option robot trading software for free by clicking on the button below and learn how you can make money while you sleep!
Automated Option Trading Software: Option Robot
Option Robot Auto Trading Software.
Option Robot is recently introduced automated trading software designed and developed by expert traders with vast experience in Forex, binary options and derivatives trading. It is developed with a view to helping traders get the most out of their trading with little effort or experience necessary. Option Robot offers trading signals with winning rates as high as 83% and the best binary option brokers (such as IQ Option) in the world to choose from. It is free web based software meaning no download is necessary and it offers fully customizable features that give the trader ultimate control over what the software does. All these factors combined have increased the popularity of Option Robot making it one of the most preferred auto trading software systems in the world even above older and more established software. It is very unfortunate that US traders are not currently being accepted but the developers have given an assurance that plans are underway to include a US based broker in the near future.
Licensing and Authorization
As of yet, there is no regulatory or licensing body for automatic trading software which is the main reason why scams and crooks have infiltrated the market and are able to cheat traders with impunity. Option Robot is not regulated under any jurisdiction but that does not mean it is a scam, almost all of the brokers on the site are regulated, some even by two regulatory bodies such as the renown CySEC from Cyprus and the FCA from the UK. So the secret here is not to check Option Robot’s license(s) but to choose your broker carefully because after all, it is the broker who you’re going to deposit your money with.
Like many brokers and software, Option Robot is not legally allowed to accept clients from the United States. This is because they are not registered and licensed by the Commodities Futures Trading Commission (CFTC), as this is no walk in the park it is pretty understandable.
Features of the Option Robot System
Option Robot, being software doesn’t have any trading platform of its own, instead using the ones used by its compatible brokers, which range from the popular SpotOption to the new and catchy TradeSmarter. Moving on, there is much more to Option Robot which attracted our attention, including:
While the brokers in the Option Robot system may have diverse asset indices, the robot only executes trades on currency pairs (such as EUR/GBP, EUR/USD, USD/CAD and GBP/USD). In this case the software predicts for you which of the given currencies will outperform the other at the close of the trading period. Currency pairs are a great asset type on their own but we feel the site would appeal to a wider audience if the asset index was diversified to include commodities, stocks and major world indices.
There are six different indicators that are used to generate signals for trade execution. A trader can choose one, two or even all of the indicators depending on the desired signal quality. The indicators are:
- Trend – As the name implies, this indicator analyzes the general price movement in the market. If the general trend is a downtrend which calls for a “put” option, the indicator generates a “put” signal and the same applies for a “call” signal. 1
- RSI – Also known as the relative strength index, the RSI is basically an oscillator undulating between 0 and 100 with extreme levels at above 70 and below 30. For levels above 70, the market conditions are overbought and the price will likely go down therefore a “put” signal is generated. Levels of 30 and below indicate oversold conditions with a high likelihood of an upward movement in price thus a “call” signal is produced. The RSI indicator is very popular and widely used in forex and stock markets, it was introduced to binary options just a couple of years ago. 2
- Williams – This indicator, invented by Larry Williams is very similar in overall design and concept to the RSI and it is easy to confuse the two. The Williams indicator is also an oscillator ranging from 0 to 100 with overbought levels at 80 and oversold levels at 20 and below. Normally, levels above 80 shows the maximum price and buyers will not continue buying at the same price and therefore the price will fall. The best option here is the “put” option. At the oversold levels, the sellers are exhausted, with the price most likely to rise, thus a “call” option. 3
- MACD – Standing for moving averages convergence divergence, this indicator compares the similarities and differences between two or more moving averages and their past behavior to come up with a signal. High accuracy is often achieved when this indicator is used alongside the trend indicator. 4
- Stoch – This is short for the stochastic oscillator which was invented by Dr George Lane especially for forex trading, but who said we can’t use it in binary options too? Being an oscillator, this indicator moves between 0 to 100 to determine the price momentum and velocity in relation to the same asset over a given period of time. 5
- CCI – The commodity channel index is an oscillator varying between 100+ and -100 in determining price movements. Generally, strong trends (those above 100) will indicate a continued rise in price which will call for a “call” signal, while weak trends (those below -100) show fluctuations thus a “put” signal is produced. This is however not to say that the price can only move above 100 and below -100, what happens mostly is that price levels tend to average between 100 and -100 with the market quickly adjusting to such. 6
The indicators produce signals from their own analysis which is then transmitted to the trading software at light speed to execute the trade. Note that this only happens in auto trading software and is the main distinguishing factor between manual and automated trading. In manual trading, the signals are sent directly to the trader through text, email or another specified medium and the trader then decides what and when to trade, sometimes the signals may be invalid by the time the trade is entered leading to a loss. So, as a trader you need to be sure of the validity and expiry time of the signal you want to use to avoid entering a trade the wrong way and thus losing your investment.
Some of the recent signals
Another important thing to note is that Option Robot has an excellent way of making sure the signals produced are as accurate as they can possibly be. If two (or more) indicators have been selected, they both have to give the same signal result for a signal to be generated and sent to the trading software itself. This means, if you, for instance, selected the RSI and trend indicators, for a “put” signal to be generated they will both have to indicate the same that is, “put”. The same goes for a “call” option. Otherwise for contrasting signals, no signal is generated and consequently no trade is entered into. This is a great way of ensuring the signals are of high accuracy with little margin for error, and maintain the winning rate at 83% or higher.
One great thing about Option Robot is that they have a lot to offer in terms of brokers, and it is not all about quantity, all the brokers here are tried, tested and proven to be market leaders in their own way. The list of compatible brokers from which you will be able to choose includes:
- Banc de Binary
- Big option
- Binary Tilt
- Binary Book
The list goes on and on, for the full list, visit the website. Simply put, these are some of the best and most popular brokers across the world, with brokers like Banc de Binary and OptionsXO having been in the game for close to eight years now. Sites like Tradorax and StockPair are rising as well and have gained a lot of popularity in the short time they have been around. Whatever the case, true character is reflected by the company you keep, or so they say, and here we can confidently say that Options Robot is in good company.
The genius minds behind Option Robot designed and gifted us with three bankroll management systems to give you control over your investments and the degree of risks you are exposed to. These systems, which we are going to call trading systems as per the site, are not that new and they are not presented as such. Traders with some background in Forex or stock trading may have come across these, or systems very similar.
The classic system is the simplest and safest system of all, and it’s no surprise that most binary options robots use this system. Generally with this system, the amount invested in every trade is constant, whether the trade is a winning trade or a losing trade. You can’t lose or gain more than you have invested. For older, more settled traders, this is the system to choose.
This system holds the most profit potential but also has the highest risks and is mostly recommended for people with deep pockets. With this system, if your first trade was a win, the same amount is invested in the next trade and so on. If on the other hand it expired out of the money, the investment for the next trade is doubled. If that trade is also a loss, the investment is doubled again for the next trade. This goes on until profits are realized which is all a matter of luck.
The Fibonacci System
This is the most technical but also the most accurate system. It follows the Fibonacci number sequence where every consecutive number is derived by adding the previous two numbers. The investment amount for a trade is determined by the preceding one, if it was a win, the amount is reduced back to the original figure again. In case of a loss, the amount keeps increasing per the sequence until a hit is achieved.
Option Robot offers their traders a demo account, and they ought to. Basically, a demo account is an account identical in design and features to the other real account types and is involved in trading just like a real account. However, with a demo account, you are not required to deposit any real money and thus you are exposed to zero risks. Because of this demo accounts are well liked especially by new traders and, also to a large extent, traders who want to try a new trading platform or software like Option Robot. The presence of a demo account here and all the learning opportunities it presents, undoubtedly appeals to traders from all divides.
It is however not as free as it may appear. The fact is, and Option Robot don’t want you knowing this as it will be bad for business, you can only get access to the demo account if you have opened an account with Option Robot and one of their several affiliated brokers. A dark lining to a seemingly bright idea. Nevertheless, signing up is free and you don’t have to make any deposit to get access so that should not stop you if you want to try out the software.
Disappointingly, there are limited ways to contact and get assistance from customer care. Email inquiries can be sent to [email protected] and a customer care agent will look into your inquiry or complaint and get back to you ‘shortly’. You know very well what that usually means. The other way is to fill the contact form to be found on the site and include your contact details to enable support to get in touch. And that’s all. Well, except that you are advised to first check the FAQ section for the answers before sending the email or completing the form, this is due to the “large number” of emails they receive per day which may force you to wait some time to get a reply. Hearing this, you can’t help but think if only there were other means to get in touch like a phone number or live chat the number of email would drop.
Educational materials, or lack thereof
Being for the most part a signal provider and trading system, it would be unfair to burden Option Robot with the responsibility of promoting education to their clients. This is the duty of the brokers, no doubt. However, Option Robot is a new robot and not much is known about its trading process and how to get the best out of it. We expected to find several videos, eBooks and tutorials with more information on auto trading in general and the operations of Option Robot in particular, but we got very little of that. Apart from a semi active blog and the mandatory FAQ section, Option Robot have close to nothing to offer you in terms of education, you are far better Googling information on your own.
Pros and cons of using the Option Robot software
The following are the reasons or features that make Option Robot great software you should try:
- Well designed website
One of the ways to know a real and professional broker, especially in the murky waters of binary options, is by having a look at their website. Looking through Option Robot’s site, everything appears nice and well placed. For one there are no (stolen) photos showing moneyed individuals or anything to that effect, which is probably for the best. We all know that most of these pictures are stock images of random people or photoshopped celebrity images picked from some gossip e-mag. Everything on Option Robot’s site is put forward in a clear manner and all the tabs are such that you won’t spend extra effort getting to what you want. There it not a lot of information but at least Option Robot made the effort and took the time to make their site client friendly and decent, and in all honesty effort is always rewarded.
- No false promises
If you look through most of the binary options brokerage sites available, you will note one common feature on a large number of them – promises of making lots of cash per day, going as high as $1500 per day. Clearly, that’s ridiculous. As a matter of fact, if that was true we would see an influx of people to binary options and even have one or several legit millionaires who made their millions through trading. The fact that none of that has happened yet shows that all those promises don’t hold any water, and judging by their simple promotional approach Option Robot knows this. The site is admirably short on promises, which we know are false anyway, and instead focuses on how the trader can utilize the system for the best results.
- Details about the software
Option Robot, different from most of the current trading robot sites, has quite significant information on how to customize the system and the various customizing options available like the trading system and indicators. Add that to the blog and FAQ section and you are sure not to miss out on any information you will need. This shows that the developers actually want you to benefit from the software and have made efforts to ensure that.
- Free software
Option Robot trading software is free and completely web based, you only need a working internet connection to access, register or keep track of your trades. There are no known monthly or annual fees for using the software which needs no download and can be accessed through any phone or PC with internet. This is great news for us who would not pay a penny for software we know next to nothing about. The big let down here is that the system cannot be accessed offline as is the case with the latest software like Binary Option Robot.
- The best brokers
Be assured that the brokers you will find on Option Robot, as mentioned elsewhere in this review, are top notch and the most used across all auto trading software. When trying to determine if a trading robot is reputable, we look at the caliber of the brokers they offer and we can truly say that Option Robot has passed this test.
The following facts about Option Robot will make you a little more cautious or may even put you off altogether, it’s your call really.
- Track Record not yet proven
As much as we are intrigued by the amazing features and awesome signals, the bottom line is that Option Robot is relatively new to the market. The claims remain largely unsubstantiated which makes Option Robot rank a bit lower in our preference list, giving way to older and more proven trading software. However, looking at it from another angle, this is as much a blessing as it is a curse. For one, the lack of a proven, or unproven record raises curiosity and makes more people want to try it out, which is free anyway. Either way, a track record is important as not everyone will gamble with their money.
- Only one type of asset
Perhaps the single most disappointing thing about Option Robot, with all its pros, is the fact that it trades only in currency pairs. This is surely going to turn away the majority of traders who prefer other types of assets like commodities, indices and stocks. We agree and commend the team behind Option Robot for specializing in a niche but this is not the area to try it for a new and growing firm. It has been proven time and time again that, all other factors observed, traders will most likely use the asset index of a broker or auto trading site as a basis for differentiation. Furthermore, international traders would be more interested if their local indices or stocks are available.
- Only new accounts are allowed
In what is a very bad business move, to sign up with Option Broker you will need to open a new account. That is, after signing up on the software, you will be required to select your preferred broker and open a completely new account to start trading. This means in simple language that if you have an account with one of the listed brokers, it will not work with the software as it will only accept broker accounts opened through its portal. On the flip side, new or experimenting traders will be fine with this. We can’t judge them, as it’s all a matter of personal preference but we speak for the majority.
- No information on developers
Whether due to ignorance or omission, we just can’t quite understand why there is no information whatsoever given on the parent company or developers of Option Robot at the bottom of the page as is usually the case. This is sure to raise some eyebrows especially with the hawk-eyed and curious traders who have predilections for the nitty gritty. For starters, there are some questions that arise here. What do the developers have to hide? Most importantly who are the developers and what are their intentions? For now, those questions and many others remain unanswered, for how long only time will tell.
Opening an Account and Getting Started
If after reading all that and weighing the pros and cons you decide to sign up with Option Robot, the process is as simple as just giving a few personal details – name, address (both physical and email) and that’s it. As a requirement, you must select the broker you want your trades to be linked to. You will be redirected to the broker’s sign up page where you will complete the registration and make the initial deposit, the minimum of which depends on the particular broker. However, as a guide, all the brokers will require a minimum of at least $250. These deposits can be made through bank wire transfer, credit or debit cards, or using various other available online payment systems like Skrill and MoneyBookers. For bank wire transfer, you are advised to check with your bank on the charges beforehand to avoid any misunderstandings.
After setup, to start the auto trading process, click on the ‘Auto Trade’ tab and the software will know what to do next. For a better experience, customize your trading options by going to ‘Settings’ and follow the prompts to select, change or remove indicators, set your investment amount per trade or select the trading system you want the system to follow when executing trades for you. With this, you are all set to go. Correction: the robot is all set to go for you! You can rest comfortably and check in after some time to collect your earnings.
It is rare to see software with this kind of freedom in customization and you have to give props to the (presently) anonymous brains behind Option Robot for the idea. For the traders, they will surely love the fact they have control over the software and not the other way around, as is the case with most of the backstreet and substandard robots in the market.
Possible setting for each option robot broker.
Reviewing Automated Trading Software
Everyone loves little extra and the love multiplies when it comes to making extra money. The financial instrument trading provides a great opportunity to make that extra money and with the advent of Automated Trading Software, you can make that little extra even with little efforts. Currently, there are several automated trading software available which caters to a variety of assets trading including stocks, currencies, and the binaries.
In laymen’s terms, the automated software is nothing but a software algorithm that is able to trade on behalf of you with given set of settings. The automated software needs to be connected with the trading exchange or a trading platform to execute the trades. The right platform with an automated software executes trades on behalf of you which include identifying the underlying with a high probability of winning, placing an order, and closing the trade.
This automated trading software allows you to set specific rules and from thereon, they execute the trades according to the set parameters. The trading happens in a real-time and is often quicker than the manual trading, allowing you to have higher winning percentages. The designated software can be used for a variety of assets including stocks, indices, currency pairs, and commodities.
What To Look From an Automated Trading Software?
While signing up for an Automated Trading Software, you should look out for certain things and conduct a thorough research before you commit yourself with real money. Almost all the Automated Trading Software are available through the web browser and it does not require you to download the software.The Automated Trading Software should be compatible with your preferred broking partner otherwise; it will not make sense.
The professionally developed software are designed to give you ease of access and ease of trading to cater to beginners as well as the seasoned professionals. The software should be able to provide complete transaction control and it should operate on the specified parameters. The most important aspect of the research on the Automated Trading Software, is to go through online reviews and blogs related to binary trading which provides unbiased opinions on various software and brokers.
As the trading is carried out for making a revenue stream, you should look out for any hidden cost associated with the Automated Trading Software, its winning ratio, and its association with the well-regulated brokerage house. In order to support you in your research on various Automated Software, our website can be a very useful resource as we conduct reviews of brokers and software on regular basis as well as update them frequently with the latest update to provide you up to date information.
Spend sufficient time to research the most suitable Automated Software which best fits your requirements. Following table provides you a bird’s eye view on five Automated Trading Software which are topping the charts.
Automated Trading Software Review Table
Option Robot Automated Software
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The Automated Binary
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The Real Robot
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Benefits of Using The Automated Binary Software
Investment in the Automated Trading Software offers several distinct advantages over a manual trading. It not only shortens your learning curve; it also helps you to use the expertise of the professional traders to your benefits. The Automated Trading Software provides you to spend less time on trading and more time with your loved ones. The following text enlists some of the key benefits of the Automated Trading Software in the binary trading.
- Allows you to automate your trading: The most prominent advantage of the automated trading software is that it literally allows you to earn profits while you vacationing with family. It is a well-known fact that trading can be a profitable business, but our busy lifestyle doesn’t give enough time to learn, evaluate and executes the trades. Trading requires an up to date information regarding the market, the underlying, and other factors to make it a profitable business. Even though the trading is considered as a profitable business venture, the shortage of time makes it even difficult to try.
With 5-minute settings on the automated software, helps you make trading as a revenue generating stream even without spending too much time on it. This is one of the prime advantages of using the automated trading software.
- Make profit from the beginning: Newcomers are required to spend considerable time and energy into learning the technical and fundamental analysis in order to be a successful trader. The process of learning these aspects can take several years to master and this makes it even more difficult for the beginners to taste the profits. By investing in the Automated Trading Software, you can avoid this long and painful process. The automated trading software allows you to utilize the expertise of the seasoned professionals to your own advantage and make winning a habit right from the beginning.
- Emotion free trading: The trading requires lots of perseverance and practice to excel, however, the traders get carried away by hunches and own feelings. Traders tend to develop a strong feeling about a particular underlying if they have made profits on few trades in that specific underlying. This makes them trade that particular underlying again and again until they finally get trapped and make huge losses. So, a successful trader can only become successful if he is able to remove emotions from his trading.
The automated trading software once set, completely removes the emotion part out of the trading and consistently executes trades on several underlying. This way it helps to keep a safe distance with the emotions while trading.
- Can trade without tiring: Trading is very exhaustive and also can be very tiring after a certain period. The binary options trading also takes a considerable amount of time of the trader, creating a work-life imbalance. The trading software also helps in this scenario, as it is inhuman to all-day trading and can provide you with a spare time to spend on your favorite activity. The robot doesn’t get fatigued from long working hours, and hence able to trade for long hours.
- Able to track several assets at once: The trader trading for one hour a day will lose several opportunities presented in the remaining 23 hours. An automated trading software working on behalf of you will be able to track several opportunities at once and will be able to make rational decision to place trades on the probable winning opportunities all day long.
Overall, the automated trading software takes the rules from the human brains and translate them in the algorithm which can consistently perform on a set of parameters without tiring and without carried away by the emotions. The automated trading software makes the life of a trader easier and more enjoyable.
After completing the registration and set up process, it will be time to enter your first trade, with the help of the robot, of course. Being fully automated trading software, Option Robot receives the signals from the indicators and immediately uses them to enter a trade without any signal being sent to you. That is the reason they are called auto trading systems or robots.The minimum investment per single trade is set at $5 to make it easy
In all honesty, despite a few hiccups here and there, you can’t argue with the fact that Option Robot is one of the best binary options robots in the market today, and it has the potential to do even better.
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