Binary Options Automatic Trading Robots are software products that trade instead of you. With auto trading, analysis becomes unnecessary as the advanced software utilizes the knowledge of experts to trade on behalf of traders. There are some important aspects that traders should look for in auto trading software of their choice. Fair Binary Options prefer robots that are: Free, web based, trustworthy, support a range of regulated brokers. Below is our list of reviewed auto trading robots.
Predicting the direction an asset’s price will take in the future is not easy. It requires the understanding of the fundamental valuation determinants, as well as the technical aspect of trading in case graphs, are used. Due to the fact that it is not always easy to have an overview of all these factors, traders have been looking for a method to improve their results without needing to learn market analysis and gain expert experience first.
The solution appeared with the introduction of first binary options auto trading software. These were clumsy and not always easy to use, so the customer has managed to solve the analysis aspect of trading but in the process lost the main characteristic of binary options – the simplicity of setting everything up and trading.
Due to the continuous improvements of the Internet and algorithms for trading, the process of binary options auto trading has become easier and more popular.
Many traders are interested to find out how much do they have to deposit in order to start trading with a certain binary options robot. It depends on the binary options broker that facilitates the auto trading. Usually, minimum deposits start with $200, like with the Binary Options Robot, but there are robots that work with brokers supporting lower deposits – like IQoption Robots.
Since there are various types of binary options robots, it is easy to understand that each of them may be a bit different, however, most of them have some basic settings, like the minimum trade, the maximum amount that can be lost per day, the type and volume of trades made etc. So customers will in most cases be able to control the portfolio traded even if the binary options robot in question is the most basic one.
Binary options auto trading software can integrate with binary brokers in various ways. Since there are several hundred broker brands at the moment on the world, each of them might have a way to be integrated and enable auto trading. The best binary options robots use only the best brokers. Binary Options Robot integrates with 24option and Optionbit, and many other regulated binary options brokers. Binary.com and OptionBit also have their own auto trading robots solution that can be used with an account either free or with a higher deposit.
This is the question that traders are most interested in to hear the answer. Binary options auto trading services tend to promise a lot but in real life, results can be much different. One of the examples for such promises is BinaryBoom where they promise $17,000 a week. There are many reasons why it is not likely to hold. Markets are volatile and while robots can be of help, they are not sure way of earning millions overnight
Well, obviously the idea is to make trading more automated, based on algorithm analysis. Algorithms are technically advanced and faster than other analysis types, and can deliver faster signals for binary options trading.
While it is not advised for traders that do not understand the risks to invest – binary options auto trading makes it easier to enter the market without of fear of losing. Signals that are generated trough auto trading are easily placed as trades by the software. The system requires little user input most of the time.
With the auto trading software, the trader is counting on the signal provider to deliver the expertise he lacks and use it to profit on the market. This sounds really amazing, and in so many ways it is. In the case of manual trading, the trader needs to be familiar with all the different volume movements, trends, and prices of underlying assets. This can be done by analyzing charts and the different fundamental indicators that take place on a daily, weekly, and monthly basis. Automated trading system gives traders the possibility to compare signals and market movements, and learn from it as well as trade.
So, there is probably a bit confusion now. Why are we mentioning binary options signals if the goal of the article is to explain binary options auto trading. Well, these two concepts are intertwined. Binary signals are also an idea to make it easier for ordinary people to gain better result sin the market. Signal providers generate signals, either by algorithm or trough professional traders with experience and use information communication technology to present them to customers. Customers then select if they want to listen to the advice contained in the signals and trade based on it.
With binary auto trading, it is somewhat different. Traders do not need to manually select the signal to trade or choose anything. Everything is done automatically. This means that customer in most cases does not need to do anything in order to place trades. The system does it itself. However, the trades generated by the system still go by the name of “signals”, just that in this case signals are traded on the binary options platform automatically.
The advantage of high-quality auto trading systems is that traders are able to perform different trades using various techniques without having to watch or monitor the market constantly. This definitely makes it easier to manage various accounts because it can be quite difficult to manage them manually.
There are various types of binary options auto trading services. They mostly differ in terms of the design. When we write design, we do not refer to the graphical design, commonly called the “look and feel” but the design of the trading system.
As we already mentioned, many of these services use algorithmic trading, while others utilize professional traders. Algorithmic trades are better in cases where customers prefer short term trades since these algorithms can detect patterns they were programmed for very quickly and place trades with short expiries. Professional traders are better at day trades and longer maturities.
But, for the customer experience, the most important part of the binary options auto trading service will be the software design. This refers to the way software was designed. Binary options, when traded manually are traded from a web-based platform that is easily executed from the browser so traders do not need to think much about the way the platform is operated.
In terms of design, there are various iterations, however, in this category we refer to binary options auto trading software that needs to be downloaded and installed as a standalone application on customers’ computer. This means that trader needs to register on the provider’s website and, if required, pay for a license in order to get a link to download the software and install it on her computer. After that the software needs to be set up, mostly by entering the info of the chosen broker and login data. Depending on the software, more or fewer settings need to be adjusted before the software is operational.
Problems with this approach are that most users have issues with the download and installation software. This is understandable – we live in the 21st century where people are used to looking for solutions that work and do not require much effort. Good sides are that standalone software will probably be more stable than the next type of binary auto trading solution we are presenting.
The second type of auto trading software in binary options is the plugin. The idea here is to use the feature modern browsers support – extensions – in order to make a small program that will run as the auto trading overlay with the chosen broker trading platform. Usually, one gets a sidebar with some settings. While this seems very practical, in many cases these are the worst designs since many of them still work in a way that the software uses the position of the platform to write down signal data directly into the interface of the broker’s trading platform.
This is a very clumsy solution and probably the worst type of binary auto trading software implementation. The installation is can be easier than with the standalone software, however, this is not the rule. Sometimes plugin needs to be downloaded and installed just as the regular software. In any case, this solution is often less stable and secure since it depends on the browser and its performance.
Without even touching the performance of binary options auto trading, we are arriving at the newest way to implement auto trading. The new approach respects the inherent web-based nature of binary options and keeps the main trait of binary options trading – online, no download, browser interface. The idea is to have all the necessary settings in the browser and turn auto trading on and off trough a simple click. Web-based solutions are becoming the most popular way to trade binary options since no installation is required.
Auto trading software run from the server controls the experience while broker trading platform is used to place trades.
A lot of customers are asking how much do these binary options auto trading solutions cost. There is no unique answer here. Some charge for their software, while others do not. Some require monthly subscriptions while others sell software licenses for major versions. Also, many offer a free version that does not include all the options the full version, which has to be paid has. In some cases, there are fewer controls, while in other cases not all brokers are available.
Paid software will usually require an activation key from the provider in order to get it to work. This is a protection against those who would download it without paying. This is also a reason why many customers think there is a crack or a keygen (activation key generator) for binary options robots. We are not aware that hackers have developed any cracks in order to get this software for free, but it is very likely the access would be blocked from broker’s side.
If you prefer not to pay for the binary options robot software, there is no need to go around looking for keygens and cracks. There are perfectly good free auto binary trading services that all you need to do is sign up and set the account. Our favorite, as can be seen in the list below is the Binary Options Robot. It is free and has a web-based interface that does not require any downloads.
Not all binary options auto trading solutions have a version that is available on the mac. Plugin solutions might work in some instances and not in others. The surest way to get a web based solution as the aforementioned Binary Options Robot. This way traders can be sure it will work on every platform, without installation.
Binary options robot sector is versatile and it is hard to say that every service is a good one. Some may not be that bad, but they use spammy tactics that make us distrust them. Some are total scam preying on customers with their “make money fast” schemes. Trust us, there is no such thing. Do not fall for that. It is also important that the binary options robot of your choice does not feature brokers that are a scam, or you could encounter problems with withdrawals. Take a look on our blacklist in order to know which brokers to avoid.