Robots for trading at INTRADE.BAR

Often, to simplify the work and free up time traders use to binary options trading bots. These are programs that analyze the price chart and open trades according to set parameters. Bots can work in automatic mode, opening deals independently, or in semi-automatic mode, giving the trader the choice of entering a deal. Let’s see if it is possible to use automata to trade on INTRADE.BAR (to the broker’s website).

Binary Options Broker does not offer traders their own automated trading robot. But the administration of the service is not against connecting an automaton, as long as it does not violate the rules of the platform, namely:

• The maximum number of simultaneously opened deals is 5.
• The maximum number of open transactions from 17:00 to 23:00 MSK.
• Automatic copying transactions of another client.
• Multiple registrations on the service.

There is no information in the client agreement about forbidden trading methods. But, to avoid blocking the account before connecting a robot, you should contact the support team and find out if this machine can work on the platform.

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Pros and cons of autotrading

Automated trading on INTRADE.BAR has both advantages and disadvantages. The advantages of trading bots are time saving and a lot of cycles. The robot can trade round the clock without participation of the trader. Disadvantages are imperfection of algorithms, impossibility to change the strategy, and frequent technical failures.

The mistake made by many beginners is the initial use of bots. They download them for free or buy them at specialized services and think that now trading will be easy and profitable. It is not so. The number of profitable deals of an ordinary machine does not exceed 40% on average. This is subject to competent settings and a proven algorithm. There are robots that do not even show such results. They are usually distributed free of charge and may be dangerous in the form of spyware. Choosing a bot for binary options trading should be chosen with caution and responsibility.

How do I choose a bot?

When choosing a bot for trading on INTRADE.BAR, first of all pay attention to the developer. Immediately refuse free variants, because they can be spyware. From paid algorithms choose those published by famous developers. Also pay attention to the possibility of changing the settings. Give priority to robots, which can be pre-tested in the demo mode. They are connected to the demo broker and trade in the normal mode. In the meantime you can assess the profitability of trading, the legitimacy of operations and the presence of technical failures.

Also, pay attention to the minimum deposit to trade the bot. Choose a robot with the smallest deposit in order to reduce the risk of losses. Moreover, avoid programs that trade on Martingale system. With such a strategy, you can quickly lose your deposit when trading in automatic mode. When setting up the program, do not set the profit too high, otherwise the robot will perform fewer cycles. It is recommended for beginners to trade not only in automatic mode, but also in semi-automatic, analyzing and checking every signal on INTRADE.BAR, in order to learn faster the technical analysis of the chart.

The broker does not forbid automated trading. But bots should not be completely trusted. Many of them have outdated algorithms that close profitable contracts no more often than a novice trader. It is best to learn to trade on your own, and use the automaton as an auxiliary tool, for example, for quick testing of strategies.