Binarium Robots

Trading robots or bots are algorithms that analyze the market situation and open trades instead of the trader. Let’s see if a broker has a trading robot Binarium (go online), how profitable it is to trade with the bot and what difficulties the trader may encounter.

Binarium Robot

Binary Options Broker does not offer traders automatic trading. But there is an advisor available on the site that feeds signalsThe Binarium Expert Advisor does not trade on behalf of the trader. The Binarium Expert Advisor does not trade on behalf of the trader and the decision to open a trade or not is left to the client. The service administration explains the absence of automatic trading at the site by the fact that the company cannot be held responsible for the work of the machine.

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It is possible to connect your own bot to your account. Automated trading applications are sold on the Internet, but none of them guarantees that you will make a profit. According to statistics, the effectiveness of trading bots is no more than 40-60%.

Pros and cons of using bots

Robots for automatic trading have advantages and disadvantages. Among the positives, users highlight:

• Save time. The machine opens transactions independently, and it does not require the participation of the trader.
• Expanded use of tools and assets. When you connect multiple programs, you can cover dozens of instruments and assets.
• Quick check of trading strategies. Check strategies – is an important point in the creation of a trading tactic. The machine in this case allows you to quickly check the strategy.

From the disadvantages of trading robots can be distinguished:

• Algorithm imperfection. The program can give false signals, open losing trades and skip profitable contracts.
• Frequent technical failures. The program may not respond to the market, it may hang up, give technical failures.
• Applying prohibited strategies. Most vending machines trade by Martingale strategieswhich is prohibited at a number of brokers.

Another disadvantage of a robot is the inability to determine its effectiveness before buying. Free bots are not distinguished by modern algorithms and can close most trades at a loss. Paid algorithms are quite expensive, but also do not guarantee profitable trading.

Difficulties of using the bot on binarium.com

Binarium does not offer traders automatic trading. In doing so, you can connect a third-party robot. But this step should be carefully considered. According to the terms of the user agreement, the client’s account can be blocked if the service rules are violated. The use of a robot can be regarded by the administration as fraud, which means that when using a bot, there is a risk of losing all the money earned and being blocked on the platform.

Moreover, many robots trade on the Martingale system, and trading on binarium.com using this strategy is forbidden. To avoid facing account blocking, carefully study the Binarium User Agreement and the functionality of the connected robot. Remember, any violation of the rules leads to account blocking.

If you still want to automate the trading process, you should get a consultation from a manager. The consultant will tell you which bots are prohibited on the platform, how to connect them in your personal cabinet and how to configure them. Remember that if you connect a bot, you take full responsibility for any losses you may incur.