Best Binary Options Robots for 2019

What is a Binary Options Robot?

Definition of Binary Automated Robots: A Binary Options Robot is an automated trading software for binary options. The software constantly provides Binary Options Signals and trades them automatically on your Binary Options Broker account.

In order to make it work, you must log into the robot and have your Binary Options account open as well. The robot program detects compatible trading platforms and takes control. Any signals generated by the service are picked up by your robot and then traded in your account. The robot enters trade information like asset, amount, direction and expiration. It then clicks the enter button and your trade is set.

Robot Reviews

Whether or not a trade is placed is all dependent upon whether the market conditions meet the rules and parameters defined by the trader. A trading bot isn’t ‘intelligent’; it’s merely executing orders defined in advance by its creator.

These Automated Trading Systems (ATS) have been making headlines for some time. Volatile price movements are often blamed on trading bots. From Wall Street to London this form of trading is dominating markets.

Bots explained

Robot software and auto trading algorithms combine a signal service with automated trading. 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.

The MetaTrader (mt4 or mt5) platform is especially effective at enabling you to receive signals through its ‘Expert Advisor’ facility. Here, you can go so far as creating your own alerts system by setting the parameters to be followed by your very own Expert Advisor – or you can download a program from elsewhere and put it to work, simply by dragging and dropping it into the interface.

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 feedback and comments we receive generally focus on whether risks were hidden from traders before they opened an account. Make financial risk is fully understood.

Self Build

There is also a growing trend for brokers to provide their traders with the ability to configure their own ‘bots’ or automated trading systems. These tend to simplify the process, letting traders “drag and drop” technical indicators into their system. 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 the risk for the broker. They can be a great tool for traders too – but as ever in binary options – any promises of profits are an immediate ‘red flag’. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits.

SELECTING A BINARY OPTIONS ROBOT PROVIDER

The binary options market is huge and as such there are a number of scammers out there. How do you ensure you do not fall into the scammers’ trap?

The following tips would help:

• Always check out the win rate and the return on investment of a binary options robot you are intending to use. Is the win rate abnormally high compared to the return on investment? Is the win rate too good to be true? Most profitable and genuine robot providers offer win rates in the range of 60-75% which should be enough to make profits in the market. If a provider offers win rates higher than this, do a thorough investigation before investing funds.
• Does the provider offer a free or low-cost trial? Most genuine robot providers would offer you an opportunity to try it out for a low amount or even free. In any case, when trying out binary options robots, it is often wise to try out the services in a demo account. That way, if the service does not make profits, you would not have lost any money.
• Are there real traders using the service? Do your due diligence and ensure that the robot provider does not exist only on affiliate review websites. There should be real traders using the service.
• Does the provider offer a money back guarantee if the service does not work? Genuine providers tend to offer money back guarantees because they are confident about the effectiveness of their services.
• Does the robot work with a wide variety of binary options trading platforms? Robots that can only work with one or two specific platforms are suspect. Do not sign up with them without doing further investigation.