Binary.com Robot Review

5 stars based on 51 reviews

Recently, the binary broker IQ Option introduced a new auto trading platform with robots. Traders can construct their own robots, or they can simply use one from the catalogue. Once you open the catalogue, you will see the most profitable robots on top, and you can run the one you want. IQ Option engineers created the best auto trading platform so far, and we believe all traders will agree on that once they binary com auto trading robot review it.

We need to know whether this robot can be a useful tool binary com auto trading robot review whether it is too risky for your own money. You are not allowed to modify the parameters under which the software generates signals and open positions. The problem is that most of the creators use martingale money management, and this strategy could easily blow your account. Running the robot in demo mode is also possible, which makes everything extremely transparent.

Basically, these robots allow you to automate your binary options trading in just a few steps, without the need to learn a programming language.

The wizard allows you to run your robot in just a few steps by choosing an already created strategy, such as Pin Bar, Piercing Pattern or Bollinger Bands.

All strategies are predefined to follow indicator signals and money management. For example, if you select the Bollinger strategy, your robot will buy a Call option when the price binary com auto trading robot review in the bands from below. Binary com auto trading robot review you select Piercing strategy, it will buy a Call option when the robot identifies possible reversal of a downtrend. You can watch explanation videos for all strategies, but unfortunately, there is not much information about the win rate, and in our experience, these strategies are set to use martingale money management.

Additionally, you can set profit-taking, limit-loss and number of consecutive unprofitable deals, which will help you to lower your risk. The wizard also gives you the option to create your own strategy by combining indicators with candlestick-related signals. We will explain more about this feature in our next articles. The robot constructor will challenge your mind to create new robots that will work under the conditions you set. It might sound easy, but it actually is hard work to create a profitable robot, and one should have a deep understanding of technical indicators.

If you decide to jump into the deep end, you need to prepare and focus on three main parts: Then, you drag and drop different types of blocks, and set connections between them to build your auto trading system. If you look at the robot catalog, then you may think this is a great money making machine. However, when you take a closer look at the statistics, the situation is not so fruitful for the traders. Furthermore, the big profits are displayed for the last 7 days, and when you test the robot for 30 days, it might show negative profits.

At least, this is what we discovered when we were testing these money machines. These robots are definitely an innovation for the binary options industry and remind us of Binary com auto trading robot review Advisors EAs in Forex. Lots of EAs are being sold, others are offered for free, but overall, they are a big part of Forex trading.

It is up to you to decide whether these robots are profitable, but from what we have seen, traders are mostly losing money when they use a robot from the catalogue. It could be a different story if you create the robot yourself and make it work under your strategy.

We see some great results for the authors, and this is easy to understand because, when you create the robot yourself, you know in what market conditions it will work best. Thank you for your interest, anyway after careful consideration, binary com auto trading robot review team concluded that the service was not performing up to our high standards of quality.

Plenty of technical instruments for analysis are already available on the platform, and you can easily activate them when trading. We are sorry for any inconveniences and kindly ask you not to worry because we prepare something really awesome! Unheard of and definitely not available to EU traders. I will ask my account manager about it. Truly it is a great job, the question is how to make it?

I have watched some of the edu videos on iq website, but these are actually very basic and in my binary option trading trade digital options best strategy to not effective strategies. I would like to see for example your strategy with the Bollinger bands how it works under auto trading.

Toni hopefully you can make a new video with robot construction: Skip to main content. For each robot, you can see statistics that include the following: IQ Option Robot Wizard Basically, these robots allow you to automate your binary options trading in just a few steps, without the need to learn a programming language.

IQ Option Robot Constructor Binary com auto trading robot review robot constructor will challenge your mind to create new robots that will work under the conditions you set. Binary com auto trading robot review are the basic steps to create the robot: IQ Option Robot Profit If you look at the robot catalog, then you may think this is a great money making machine.

Tue, 26 Dec Log in or register to post comments. Sun, 16 Jul Sat, 10 Dec Cant wait for you guys to come up with some robots using your strategies.

Mon, 05 Dec

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So the software will attempt to identify profitable trades, and will then place the trades automatically. This automated element takes signal services a step forward, and actually place the trades as well — rather than leaving that to the trader. These systems will have differing levels of risk management — from stop losses, to daily fixed spend limits. The automated element however, does increase the financial risk for traders overall. The best bespoke robot features also allow traders to run their robot in a demo account, in order to trial it risk free.

Brokers are keen to promote robots, because they create higher trade volume, and therefore reduce risk for the broker. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits. Trading robots will have swings, just like any other trading method.

Likewise, the settings by which the robot is operated, might become less or more effective over time. So they will need to be constantly monitored for performance. Automated trading without doubt increases risk — and binary options are already a high risk investment vehicle. An event that might make a human trader step back from the markets, is not going to stop an automated robot. This extra risk can be managed to some extent.

Many robots will have daily loss limits, and overall limits. They can also be set to stop if a certain level of profit is reached. Traders need to be aware of all the pitfalls however and treat bots with respect.

Long the broker for advanced traders, Binary. This platform gives traders the ability to put together an automated trading system. As might be expected from this firm, the feature offers more depth than some of their rivals — again appealing to advanced users.

The criteria available for putting together the algorithm offer greater choice than elsewhere. Binary Bot follows the Binary. Read more about the platform in the Binary. Auto trading software does require a small manual element in setting up, but once that is done — as the names suggests — the trading is automated.

This form of trading is generally very similar to robot services. A trader using automated software will first setup the software based on the type of trading they are interested in. So the level of investment, the type of assets to trade and the level of risk. Once configured, the software can be left to place trades based on the settings given. The difference being that when auto trading software spots a signal, based on data analysis, it will open a trade.

A signal provider will simply highlight the trading opportunity, but leave the actual opening of the trade to the user. Automated software therefore, generates signals based on the algorithms it uses, and will open and close trades based on those algorithms.

There are also services that will allow trades to be opened based on a real-life binary options trader. Providers will offer a list of live traders, and publish their results. Users of the platform can then decide to copy those traders — choosing levels of risk and investment to suit their own needs. The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scams page details some of the red flags to look for including a list of scam services , but auto trading in particular attracts a lot of scam operations.

Here are a few reasons why:. Warning sings of a scam will include a lack of transparency results that are not verifiable , forcing users to use a particular broker, and the most obvious — the promises of guaranteed or very high profits.

If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable. Other Auto Trading Software Auto trading software does require a small manual element in setting up, but once that is done — as the names suggests — the trading is automated. Copy Other Traders There are also services that will allow trades to be opened based on a real-life binary options trader.

Robot and Auto Trading Scams The automated nature of this style of trading is fraught with danger. Here are a few reasons why: Novice Traders — Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted. Easy to blame the trader — Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault.

Control — If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading.