Robots for Binary Options Trading

Have you ever wondered how to simplify and automate the trading binary options? If so, you have likely heard about trading robots – tools designed to handle all the technical actions of trading on behalf of the trader.

From this article, you will learn:

• What kind of trading bots exist?
• Whether they are worth buying.
• How and when to use them.

Types of Robots for Binary Options

First of all, all programs can be classified into paid and free versions. What they have in common is that they function based on some existing trading strategy. The difference: as a rule, the paid products have a more complicated scheme that can take into account more market situations.

Top 3 best robots according to the editors of this Revieweek™ project

Unfortunately, most of the trading robots on the market are nothing but a gold mine for information entrepreneurs. These people offer to buy a magic program for around $20-$100 that will supposedly replace a money-making machine around the clock. You will need:

• To buy the product offered.
• To set up settings once.
• To make money.

Experiment: right now, find any subscription page with a binary robot and see how much they ask for it.

Question: Do you really think that you can make a million dollars by paying such a ridiculous amount of money?

Conclusion: although paid products can analyze the market more accurately, their effectiveness in the real world is close to zero.

Also, all robots can be divided by the mode in which they function. There are automatic and semi-automatic binary bots.

Automatic Robots for Binary Options

They independently analyze the chart, find the right moments to enter, and conduct transactions. The trader only needs to make spot adjustments and periodically monitor the process. The weakness of these robots is that they are unable to comprehensively assess the market, track news releases, and make timely adjustments to their strategy.

Automated robots are rarely used, because they are unable to build up the deposit, despite their tempting possibilities. In addition, it is almost impossible to find a convenient program that can be used without connecting to the broker that created it.

The only way to organize trading on autopilot is to write your own trading robot. This can be difficult and time-consuming, as in addition to programming skills, it is also important to correctly select and test a trading strategy, that the bot will follow.

This simple instruction will be a reminder for all users who decide to take on this difficult task.

• Fully read the rules of the chosen system and find out for yourself the following points: what is the average frequency of open transactions, and what are the rules of money management? What type of strategy it is, whether it has additional or special conditions, etc? After such a blitz, you should fully understand the logic of your earning tactics.
• Write out the rules for opening/closing positions separately. Remember, working with binary options in most cases involves high-speed trading, where there is no time for memories. Practice with a timer and learn to find entry points in less than 25 seconds.
• Get acquainted with the “Strategy Tester” option, which is located in the terminal Meta Trader 4/5. Work on this simulator until the ratio of profitable to losing trades reaches 3:1.
• Open a demo account on the website of some binary options broker. At this stage, you should learn to add at least 20% to your deposit amount. Stay like that for at least two months. If you are not interested in opening trades for nothing, allocate $10 for the experiment and try to increase it to 15.

• If all of the above steps have not caused you any difficulties, consider that the exam is passed and you are ready for a large profit and a standard deposit.
• Translate the tested strategy into program code and synchronize it with the selected broker (another challenge to overcome).
• Example of an automated robot for binary options – here.

All Types of Robots for Binary Options

Semi-Automatic Robots for Binary Options

Semi-automatic bots (or Expert Advisors) are characterized by conducting market analysis and prompting the trader about favorable signals for buying/selling an option. The user evaluates the situation and decides whether to enter a position or ignore the signal. Hence their disadvantage: without the trader’s command, the trade cannot be activated.

Semi-automatic programs are in wide demand because they allow the trader to be fully responsible for his capital and, at the same time, to receive timely notifications of potentially profitable deals. For example, the robot has proved its efficiency BinBot PRO.

The advantage of options trading is that this is always accompanied by new developments and innovations, and the progress is very dynamic. Did you know that recently, even before computers entered every home, market players had to draw their charts, lines, and quotations and then work? Today everything has changed, there are trading platforms, oscillators, robots, and other tools.

Most traders are well aware that automated options trading is the future of this popular financial market. However, this field is already rapidly developing, you can choose from different options a proven advisor for binary options and, having tested the correctness of its signals, successfully use it in your work. You can easily download free advisors (including advisors for binary options in mt4) in the network and with their help significantly increase your profitability, and reduce psychological stress during trading. Such automatic and semi-automatic programs are specially designed to make your income from options easier, they will help you get the most out of trading, and make it easier and more comfortable.

Advantages of Trading Advisors for Binary Options

• If you test the program and make the right settings, the advisor will bring you a substantial income.
• Advisors generate accurate market signals. You only have to make use of this valuable data in time.
• Thanks to the advisors trade is still easier and more reliable, but to do this, you need to configure the program correctly.
• Advisors are also useful in terms of relieving psychological tension (for this you must be confident in the program).
• You can adjust the settings of the Expert Advisor in time, and make adjustments to its work, which will save the deposit from unnecessary waste.

Approach automatic trading with advisors soberly and test them thoroughly so that in the end it will make you profit and simplify your trading.

Brief Conclusions:

• There are paid and free robots, which are almost the same in terms of functionality.
• The trading bot can trade in automatic and semi-automatic modes.
• At the moment, the only way to organize efficient auto-trading is to create a robot yourself. This is long and complicated, and not everyone can do it.
• Semi-automatic robots are a great tool that helps traders not to miss a potentially profitable deal. The main thing is that the algorithm of its functioning should coincide with the trading strategy the trader is following.

Do they allow binary brokers? For example, Olimp Trade. How to use robots? In their reviews, professional traders often advise, before buying an automated program or downloading it from the Internet, to first find out if such trading is allowed in your terminal. While some binary brokers do allow trading using robots, you should not expect that this service will bring you unlimited income.

What to do if you would like to earn income when you are busy with other things, you can’t spend all day at your INTRADE.BAR or Olymp Trade terminal. Robots may become your real helper at work. Carefully familiarize yourself with the possibilities of the automatic program, configure settings, don’t forget to log in and check the account status, analyze your income and expenses, and test new tools and settings.

There are quite a few automated robots on the market for different brokerage platforms and you can easily find them. Such programs can be either paid or free. However, you should not expect from them a hundred percent profit, because automatic trading also requires making important decisions, and the need to change one strategy to another. The best and most reliable solution in this case is a self-written program, which you can create yourself or order from professional developers. The robot is a handy program that can make life easier for traders of any level of training, but remember to work with it competently.

In theory, binary options trading robots can make trading easier and more profitable. However, in practice, the technical imperfections of paid and free products leave many questions unanswered. As a result, no trader should fully trust their deposit to any robot these days.