Pick Robot Review 2022
|Option Robot offers gratis automated trading software for binary options. 83% boilerplate win rate and new investors tin get started in three steps.|
Option Robot offers costless automatic binary options trading software that integrates with online brokers. Our 2022 review will comprehend download requirements, how to make the robot work on your broker’s platform, customization options, plus the firm’southward trading framework. We also run through the investing strategies and indicators that Choice Robot uses to make trades. Observe out whether Option Robot can exist trusted.
Note, Option Robot is uniform with several leading brokers, including BD Swiss and Binance.
What Is Selection Robot?
Choice Robot was established in 2014 by a team of financial software experts. The program provides 100% automatic binary options trading on multiple markets. It distinguishes itself from other free trading bots by providing a high caste of customization and configurability.
The trading network boasts an 83% average success rate. The brand backs this with its compilation of trading signals based on predefined strategies and various technical indicators. We outline these in more particular below.
How Option Robot Works
The binary options bot is designed to make trades on behalf of an investor. The technology works by generating signals and automatically executing trades in your linked brokerage account. The plan analyzes millions of data points in real-fourth dimension to inform trade recommendations and decisions. Option Robot uses 3 key trading systems and vi technical indicators.
Chiefly, the software can also be configured based on the trader’s criteria, for case, minimum and maximum investment amounts or expiry times.
OptionRobot tin exist integrated into web trading platforms or the software tin can be downloaded to PC devices. The program is compatible with most operating systems, including Windows and Mac.
A unique offering is the power for investors to select the type of trading strategy. There are three key trading systems bachelor to retail clients:
– Accounted the safest, the organization is best suited to new or inexperienced investors. The profile essentially works by maintaining a constant value of each trade. This is unlike other systems that depend on whether the previous merchandise wins or loses.
Martingale System –
Designed to produce fast profits just with more take a chance. The strategy follows the conventionalities that as long as a suitable merchandise is used, it volition somewhen triumph. So, if a trade is lost, the investment amount in the post-obit merchandise is doubled. If that merchandise as well loses, the next trade is doubled once again. This continues until you make a winning trade.
Fibonacci System –
This system is arguably more accurate with the trade size changing depending on the win/loss sequence. Importantly, it follows the Fibonacci pattern of numbers. This means that if the adjacent number in the sequence is four, the amount invested in the next merchandise is 4x the bones value of your trade.
Below are the half dozen indicators that can be implemented as office of your trading strategy. These can be updated in account settings once you have signed up.
– Looks at overall trends within the marketplace. The bot will decide whether it is fourth dimension for puts or calls
RSI (Relative Strength Index) –
Measures the calibration of recent toll changes to analyze overbought or oversold conditions
CCI (Commodity Channel Alphabetize)
– Measures the electric current price level relative to average historical prices over a menstruum
A momentum indicator that measures overbought and oversold levels. It is the changed of the Fast Stochastic Oscillator
STOCH (Stochastic Oscillator) –
A momentum indicator that compares the closing price of a security vs support and resistance levels over a period
MACD (Moving Average Convergence Difference) –
A trend-post-obit momentum indicator that shows the relationship between 2 moving averages
Note, if multiple indicators are selected, a bespeak is only generated when all satisfy each algorithm. For instance, if the RSI and CCI indicators are selected, then both crave identical sell signals for www.OptionRobot.com to place a sell trade in your linked broker.
You can manually implement settings including the number of trades to be placed and death times. Traders can choose between:
- 60 seconds
- 5 minutes
- 10 minutes
- 15 minutes
- 30 minutes
- 60 minutes
Choice Robot is bachelor as a free download. This means you lot can employ the tools and functionality at no boosted cost. The low price point also makes it popular with beginner investors.
With that said, y’all volition need to comply with the minimum deposit at your corresponding broker. This is unremarkably between $200-$250.
Note, other popular complimentary binary options trading bots are Binary.com’southward Binary Bot, AutomatedBinary, plus DAXrobot.
A free demo account is available to new Option Robot customers. The same registration form for a live account must exist completed to access the paper trading environment. Once registered, traders tin can access upward to $25,000 in virtual funds. The simulated market place feed is generated when markets are closed and then yous can practice in your ain time, without limitations.
Note, real market weather condition are not utilized under the free trial contour because live pricing is linked directly to the broker’s systems.
Option Robot does not offer a mobile awarding for iOS or APK devices. Withal, services are compatible with portable devices such equally mobile phones and tablets. Check that your trading broker offers this service and then you can merchandise while on the go.
As a software provider, Option Robot is not directly regulated. Information technology is merely trading support to be layered onto new or existing compatible broker profiles. With that said, nosotros advise trading with a fully regulated brokerage. Those nether the guidance and supervision of top-tier authorizations, such as the Republic of cyprus Securities and Commutation Commission (CySEC), frequently provide the all-time protection.
Remember, utilizing binary option robot software does not guarantee profits. Trading signals, market data and price model suggestions should be used to inform decisions.
Pros Of Option Robot
- Free software
- Demo account
- Uniform with various global brokers
- Full customization including technical indicators and strategy styles
Cons Of Option Robot
- No verified trading results
- Mixed user reviews and ratings
- Limited customer support options
- Must be connected to the internet at all times
- Demo account does not utilize real-market pricing and conditions
Customer back up is limited. Clients are directed to Facebook Messenger for live chat services and questions. Alternatively, there is a link to a self-help FAQ page for basic answers. This includes why services are non working and agreement account types. Information technology was disappointing to come across no phone number or email contact address.
Option Robot can exist integrated into broker networks without compromising on security. Await out for brokers that encrypt personal and fiscal data exchanges between third parties and their platform servers. This could be in the form of a Secure Sockets Layer (SSL).
In that location is only one account blazon bachelor for retail clients. Once your account is activated, select the most appropriate trading strategy based on your goals and hazard appetite. You must too open an account or link an existing profile from a compatible broker before you can utilize the services of Choice Robot.
The software provider requires a uncomplicated registration grade to be completed with mandatory KYC verification documentation.
Follow these straightforward steps to get started:
- Open a costless business relationship with Option Robot
- Create an account with a compatible broker and make a qualifying deposit
- Amend the settings in your Option Robot profile (trading strategy and technical indicators)
- Yous are good to set your contour to auto-merchandise
- Monitor initial operation and adjust your settings until you feel comfortable
Note, make employ of the demo account profile to experiment with unlike settings earlier risking real funds
Pick Robot Verdict
Option Robot is a mixed bag. It offers some interesting features, alongside impressive customization. We were also pleased with the demo business relationship offer and gratuitous price signal. Yet, it was difficult to verify trading results and the lack of supporting teaching makes it less inviting for new investors.
Click here for more information on automated trading software.
What Is Option Robot?
Pick Robot is 100% automated software for binary options trading. It allows investors to customize and configure their strategy, including technical indicators and trading systems.
Is Option Robot Gratuitous?
Yes – Option Robot is free tertiary-party software that connects traders and brokers. With that said, you volition need to comply with the compatible broker’s fees and limits, including minimum deposit requirements.
How Does Selection Robot Piece of work?
Option Robot tin be integrated into web trading platforms or the software tin exist downloaded to PC devices. The bot works by generating trading signals and and so executing trades via your linked brokerage account.
Does Option Robot Offer A Demo Business relationship?
Prospective Option Robot customers have access to a paper trading account. Use virtual funds to practice strategies risk-free and learn platform indicators, tools and settings. It is of import to note that real market atmospheric condition are non integrated – live pricing is linked directly to the broker’s systems.
|Option Robot offers free automatic trading software for binary options. 83% average win charge per unit and new investors tin become started in three steps.|