While we rarely recommend any binary options robots in this blog, Automated Binary is different. Automated Binary is actually an all-in-one trading software that has been improved from time to time again. It supports multiple languages, demo accounts and several trading styles. In this post, we are going to dissect the features and benefits of this software, one by one. 

Binary options demo account – what is it?
One of the biggest risk of any newbies to enter the trading world, whether forex, the stock market or binary trading, is the fact you need to bet your real money into a real account. People tend to make mistakes, and therefore this step is very risky. Which is why we highly recommend that you stay away from any binary options broker or trading robot that doesn’t allow you to test the strategies with a demo account first.

Just like the name implies, a demo account is a trial version of any binary broker. All forex brokers are already providing a demo account for their traders, while most legit binary brokers also do the same these days. In a demo account, you will be given thousands of fake money, where you can test the signals, tactics, strategies or even trading robots into play. Yes, you don’t need to spend a dime to learn, make mistakes and figure out the best strategies that work.

Automated Binary can be tested on a demo account first
One of the biggest reasons why we don’t recommend whatever binary trading software being released to the web lately is the fact you are not allowed to test the product on a demo account first. You are required to deposit real money into the broker account, and then let the software trade for you.

However, Automated Binary is different. All the brokers recommended under this software comes with a demo account, which means you can try this robot several times and lose fake money as much as you can.

Click here to test drive Automated Binary. Risk-free.

 

The features of Automated Binary trading app

  • Several brokers to choose from. You can choose whatever brokers that you like. This is somewhat different from other trading software where you need to choose just one broker in order to trade. Automated Binary comes with several brokers, and they are regulated. You can choose whatever broker that you want and start trading.
  • Turn on the auto trading mode with just a click of a button. However, the results of this software might vary depending on the users. There are settings that you need to follow.

  • Support multiple languages. This software also comes with other languages as well, which is a plus compared to other similar trading robots out there. You can choose from English, Chinese, French, Germany and more. 

 

 

  • Trade currency pairs. There is no option to trade stocks in this software, which could be a minus compared to other binary options broker, but you can trade currency pairs, in other words, EURUSD, EURJPY, EURGBP and more. In case you didn’t know, trading currency pairs are common for forex traders. For example, if the forex trader thinks that EURUSD is going up, then simply choose to buy. Otherwise, if it is going down, choose to sell. In binary options, if the trader thinks that this pair is going up, then choose call. Otherwise, if it is going down, then choose put.
  • Automated Binary works on indicators.  In case you didn’t know, indicators are used by forex or stock traders to make move in these markets. Indicators make their calculations and allow traders to predict the market movement, whether up or down. In Automated Binary, you can use indicators, such as MACD, RSI, CCI, stochastic or even candlestick pattern, in other words, trading with trends. 

 

 

  • The ability to control your risk. Now, this one is very important. As you can see in the screenshot above, Automated Binary allows anyone to choose the budget for every single trade, from $10 to $250. If you are on low budget, we don’t recommend that you risk more than $20 per trade. And then, there is also risk management features such as classic, martingale or Fibonacci.

Classic, Martingale or Fibonacci – what is it?
In every trading or investing tactics, money management is perhaps one of the most important skills that you cannot neglect. As a matter of fact, what differentiates from a successful trader and losing ones is money management. This is another reason why Automated Binary is recommended by us since it has the ability to control your budget and risk. Automated Binary comes with three different money management settings, such as classic, martingale or Fibonacci.

Classic/Safe: Classic is the default setting for Automated Binary app and this setting is recommended for newbies. For example, if you set Automated Binary to trade based on safe settings, this robot will trade the same amount of money for every single trade. For example, if you choose to risk $10 for each trade, then Automated Binary software will always trade $10 on the line, regardless your winning or losing rate.

Martingale system: This tactic had been used by some gamblers and traders for years. In Martingale system, you simply need to double your risk each time you lose. However, while this tactic could be useful for professional traders, it is not recommended for new traders, unless if you test this tactic properly several times on a demo account.

Accurate/Fibonacci: The accurate system is also called the Fibonacci money management system. Fibonacci was a math expert from the 13th century that showed the world how numbers tend to repeat themselves. In Automated Binary, the Fibonacci management system uses what is known as the Golden Ratio. In other words, the software tries to accurately predict when the assets begin to move up or down.

Other features of Automated Binary

  • The ability to view your trading history. If you want to check the results of your recent trades, you can view those within this software. Otherwise, if you want to see the entire results of your trades, you need to login to your broker account.
  • This works on mobile devices too. Some users prefer to trade on the move for whatever reasons. That’s where the Automated Binary comes to play. You can log in, trade and view the results of your recent trades on any mobile devices, whether tablets or handphones.

For more information, log on to Automated Binary website. 

 

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While there could be tons of binary options trading products out there, not many of them offer some kind of free trial, or should we say a demo account before anyone can jump into a real, working account. If you tried one or two binary options trading software before, you should realize that there is some kind of similarities between them.

Problems with 95% of binary options products
1. You cannot choose what kind of broker that you like. In other words, once you’ve signed up for the software by entering your name, email and a working phone number, you will be directed to only one specific broker.

2. You cannot try the software in a demo version. In case you didn’t know, there are tons of binary brokers, usually, the regulated ones offer some kind of free trial, known as the demo account to their new traders. Too bad, there’s way too many binary options products out there don’t offer their software on a demo account first, before putting the money on a real account.

Why Option Robot is different
Option Robot, on the other hand, is different. Unlike tons of other binary options apps being reviewed on this site, Option Robot is free to try on a demo account for as long as you like. Even better, you can choose whatever binary broker that you want. While we rarely recommend any binary options software, we have to say that Option Robot gets our thumbs up.

Step-by-step process on how to sign up with Option Robot

1. You can click here and visit straight to Option Robot (optionrobot.com) website.

2. The website is pretty straight forward. There is neither a video nor a paid actor in there because there is no need to do so. You can choose to read the rest of the website and figure out what this app is all about. Or you can also choose to sign up for a free trial with a demo account.

3. There are at least 11 brokers which are compatible with Option Robot as you can see on their website. You don’t need to choose any specific broker. Just choose whatever broker that you like here.

4. Once inside, you will be able to choose whether to try on a demo version or deposit money right away. Yes, you can test this app for as long as you like with a demo account first, before putting real money on the line.

Option Robot settings and money management tactics
Whether in a demo mode, or real, you can see a neat, easy to use interface for Option Robot. On the left-hand side of this app, there are a few settings, such as brokers, support, settings, and overview.

If you want to manage the budget or trading methods, click on the settings section. Inside this section, you can see several options to make money and manage your budget. We will explain briefly on how to utilize these settings.

1. Indicators settings: These are common indicators being used to make the right predictions in trading currency pairs. You can choose whether to trade based on trend, MACD, CCI, RSI, stochastic and %R.

2. Currencies: These are the most common currency pairs being traded in forex. Those are EURUSD, USDJPY, GBPUSD, EURJPY, USDCHF, AUDUSD, USDCAD, EURGBP.

3. Expiry time: You can set the expiry time, whether 1 minute (the 60s), 90 seconds, 2 minutes, 3 minutes or 5 minutes.

4. Money management settings: You can set the money management settings, such as classic, martingale or Fibonacci. Let us explain even more here.

Classic/Safe: This is actually the default money management setting and for most newbies, this setting is recommended. If you set this software to trade based on classic settings, then the budget will remain the same, no matter how many times you’ve traded. For example, if you set the budget at $5 per trade, then with classic settings, whether you win or lose, you will keep using this very same amount of budget for every trade.

Martingale system: If you want to double your risk once you’ve lost a trade, then martingale system is just for you. The trick is to recover back your money once you’ve made any losses. This tactic had been used by some gamblers and even traders for years, and it is proven to work.

Fibonacci: This is actually the Fibonacci money management system. Fibonacci was a math expert from the 13th century that showed the world how numbers tend to repeat themselves. This system is used widely in binary options trading and the number tend to repeat themselves.

5. Max Simultaneous Trades: You can choose how many trades you like for each time period. This is the number of trades that the system will have going at the same time.

Frequently asked questions about Option Robot

Q: How can I track the results of Option Robot?
A: You can select the trading history of your broker account to track the results of this app.

Q: Can I use Option Robot on tablets or mobile phones?
You bet. This app is designed to work on any devices. You don’t need to download anything. However, you need to memorize the login password, though.

For more details you can visit the FAQ page of Option Robot. Or you can also visit the homepage, optionrobot.com.

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