It is every trader’s dream to earn good money on binary options. If possible, without having to gain many years of experience and professional knowledge. That is why today many traders decide to automate binary options trading, putting all their work in trading robots (bots).
How It Works
Robots for automated options trading are programs that work based on a trading strategy created by a person. Their main task is to analyze the asset market, determine the future trend of price movement and conclude a deal with a binary option. That is, to do all the work instead of a trader. He or she can, as well as observe the entire trading process, or do completely different things.
Advantages of Automatic Programs
The way trading bots work the binary trader does not need to look for highly profitable trading systems, to select the base asset, to carry out a long-term analysis of the market and calculate the time of expiry of transactions. Instead, it will be done by the program, which will offer to conclude a deal with all the necessary parameters in the most advantageous place, and if necessary – to buy an option itself. The best thing about these bots is that they work with any binary options company out there, even here –https://finmaxbo.com/en/binary-options.
The information processing speed is also very high. As soon as a trading signal appears, the system reacts to it instantly by opening a deal at the most advantageous price or immediately advises the trader to make a binary trade rate. Sometimes the robot is able to conclude a binary trade, which the binary options trader would never have had time to conclude because a person is not able to respond in such a flash.
Trading robots can be configured and controlled. A trader does not have to follow all the instructions of the program. It can set the parameters of financial risks, that is, the amount for which the transaction will be executed, as well, as double-check its recommendations, agreeing to or refusing the trading rate.
The automatic program works without breaks. If a trader sometimes needs to stop trading for various reasons, the robot will work 24/7 and will never get tired.
What are the options?
Since trading robots are very popular with traders, new developments appear on the market periodically:
Already a sensational Algobit, which offers free broker OptionBit, today is a favorite of many traders looking for easy earnings on binary options. The Algobit program is not only built into the broker’s trading platform but is also available for download on a PC, where it is immediately synchronized with the broker’s trading account and operates autonomously.
This robot is able to analyze simultaneously the markets of many underlying assets and determine the most appropriate moments for making deals. In the automatic mode, the program itself concludes deals according to the previously set parameters, and the binary trader only receives a notifying signal about the new trading rate. The developers promise profitable working out of 70% of signals, and this program can also be used as an advisor and conclude transactions on trading signals independently.
Binary Option Robot is another artificial intelligence that works like all programs of this kind on certain technical indicators and several trading systems. The Binary Options program does not need to be downloaded to your PC. It is located on the server and opens in the Internet browser.
The principle of Binary Option is classical – the robot analyzes the market, determines the situations in which it is possible to conclude a deal, and executes the option purchase. When using the program in manual mode, it works as a trading advisor, generating signals to conclude deals. In this case, the trader himself should make the trading rate. Developers promise profitable working off 80% of the deals made by the robot and supplied trading signals.
A novelty of the options market is IQ Robot, the developer of which is the broker company IQ Option. The robot program does not need to be downloaded to your PC; it runs on a separate page of the Internet browser, where it works on a special trading platform.
In IQ Robot, a trader can create his own robot for trading, which will trade instead. The robot only needs to configure the parameters of making deals: the amount of the deal, trading assets, as well as the strategy by which the robot will trade.
IQ Robot can work not only automatically, but also as an advisor – to analyze the markets of various assets, calculate the most advantageous situations for the conclusion of transactions and generate a trading signal on which a trader can independently conclude a deal. The level of efficiency of this program depends mainly on the robot created or chosen by the trader. On average, it can range from 70% to 80%.