Progress does not stand still, the popular binary options trading takes significant steps towards automation. But the situation with the programs, which should reduce the work of the trader to the minimum level of participation, is ambiguous. Therefore, it is worth a little insight into the essence of automated trading.
Binary option what is it
Before paying attention to trading systems and automating the work with this tool, you need to understand what options are in the binary category.
Studying this terminology, it is necessary to pay attention to the fact that an option is, first of all, an agreement on the basis of which you can buy or sell an underlying asset. The period of time during which a transaction occurs is determined in advance.
Different brokers have a fixed level of profitability may vary slightly. But if you try to explain as simply as possible how to make money on options, then we can say that the outcome of the transaction depends on whether the trader correctly determined the direction of the quote movement or made a mistake. In other words, the main task of the player is to determine exactly where the schedule will move. Here you do not need to calculate the number of points, only the direction. These terms of trade explain the word "binary" (binary). After all, the trader has only two solutions.
How to make money on options - key techniques
Such a task may seem quite simple, because you just need to correctly identify one of two areas. In fact, getting a stable profit with options is not so easy.
Initially, it is worthwhile to understand that on short timeframes, the direction of the quote can go in the most unpredictable direction. A stable result can be achieved only if you thoroughly examine the assets that have been selected for trading and use auxiliary tools. We are talking about analytics, trading signals and other methods for determining the movement of the chart.
But initially, before you start trading, you need to study the information under the theme "binary option - what is it?" Attention should be paid to the terms of trade, the choice of a broker, to deal with the features of various assets and only then risk money. In other words, a novice trader needs to understand what he is doing and why, and not just press “up” and “down”.
By the way, almost all brokers offer the opportunity to test their strategy on a demo account. Those who did not have experience in this field, it is better not to pass by such a proposal.
How to choose a broker
A lot depends on the choice of a company that will provide an opportunity to trade. Even with a refined strategy and a deep understanding of the processes that you have to deal with, you need to be sure that the money earned will be withdrawn without surprises, and there will be no unexpected anomalies in the schedule.
In the selection process, the following evaluation criteria should be taken into account:
- A list of market makers who are key liquidity providers for the selected broker;
- the number of types of trading operations, as well as instruments available to the trader;
- the presence of the legal status of the company, as well as a license for financial activities and permits;
- access to demo accounts;
- providing the trader with additional materials and analytical tools;
- The broker must also conduct webinars to improve the skills of the trader and organize free training.
The process of evaluating a specific company must be approached strictly. It will not be superfluous to search for reviews in specialized forums about a specific broker.
Details that are important to know for trading
Get stable results will help option signals provided by both brokers who have an account, and third-party groups of traders.
In most cases, brokerage signals are free. Such a good gesture is due to the desire of the company to attract new customers and maintain the loyalty of those who already trade. As for signals from the outside, among the paid and free, there is always both accurate data and information not worthy of attention. Alas, it is possible to find out what quality signals you have to deal with only in practice, through trial and error.
Also in the Internet space you can find many suggestions regarding the automation of the trading process. One of the most common is the binary options trading robot , which independently reads data from various indicators and platforms, after which it determines the optimal solution that is relevant for a particular asset. It is about such programs that we will discuss below.
What is a trading robot
If you carefully study the topic of binary options, then it is not difficult to come to the obvious conclusion: for successful trading, a trader needs to constantly process certain information flows. Moreover, this must be done correctly, otherwise the analytics will be erroneous. Failure to comply with this key condition will be a tangible obstacle to stable earnings.
Thanks to the current technological progress, the implementation of such tasks is automated, saving the trader from numerous analysis processes. This program is called a "binary robot." It is worth noting that with its help it is possible not only to determine the possible direction of quotes, but also to conduct trading without personal participation. In other words, a trader can do his own business, while an automated binary options robot trades on the broker's platform on his behalf.
Of course, such a prospect is very attractive, but before making a choice in favor of automation, it is worthwhile to study in more detail the features of the work of such programs.
Why automation is profitable
An increasing number of traders who are focused on working with binary options are opting for a trading automation tool such as a binary robot. One can explain such a solution by the tangible advantages that the use of such trade offers:
- Robots are a valid algorithm that is not affected by emotions, fatigue and the need to sleep. Such a program works around the clock.
- For such trading, various algorithms are used that have been previously tested and carefully selected.
- A binary robot designed for semi-automatic and automatic trading is able to select the most favorable conditions for opening a transaction among all available assets, various types of options and deadlines.
- The use of robots implies a high level of protection, since they are directly connected to the trading server and, thus, are in a safe area of the site.
- Automated advisers are able to conclude deals very quickly, immediately after they fix favorable conditions. A trader can not always respond to market fluctuations quickly enough, especially on short time frames.
Taking into account the above advantages, it is not difficult to conclude that the use of automated trading will become more and more popular.
Types of Robots
Concerning the topic of using automation in trading, and especially in working with binary options, it is worth paying attention to the fact that such programs may have some differences. If we take into account the features of the functional, then we can distinguish several types of robots:
1. Advisers.
These are semi-automatic programs that are not designed for full-fledged independent trading. Their main task is to issue the most relevant solution for the trader. Thus, the player fully controls the trading process, but takes into account the data provided by the adviser.
2. A binary robot provided by a broker.
In this case, it is worthwhile to understand that the effectiveness of such programs largely depends on the fact with which company you have to deal. If we are talking about the so-called kitchen, which focuses on earnings by draining deposits of its customers, then it is hardly worth counting on a robot that can lead to stable earnings. In such a situation, the concept of “binary robot - divorce” will be more than relevant.
But in the case when the broker is proven and is aimed not only at attracting new customers, but also at working with regular players, it makes sense to consider a proposal to automate the trading process.
3. Automatic robots.
It is a program that is able to independently control the entire trading process. This is the case when a trader can afford to run a purchased or free binary robot and go do his own thing. A similar perspective, clearly looks bright. In fact, everything is somewhat different. The fact is that the market can change, as a result of which the actions of the robot will need to be adjusted. Otherwise, having entrusted your program with a deposit for a long term, you can successfully say goodbye to it.
4. Paid robots.
Programs for trading binary options can be purchased on the Internet without using the services of a broker. There are a lot of similar offers on the network, and all, of course, are accompanied by a bright presentation. But here you should also forget about naivety and turn on logic. If all the robots sold on the Internet are as good as the sellers describe them, then many people would become fabulously rich. After all, binary options allow you to quickly increase capital, and with an accurate strategy, you can dynamically overcome new levels of financial growth. Therefore, among the entire mass of proposals, you need to look for the best binary robots. In such searches, independent specialized forums where traders share their real experience with certain programs will be good helpers. If you pay attention to the reviews, then some traders are advised to purchase a German binary robot.
It is worth noting that, if desired, the robot can be written independently. If necessary, there is always the opportunity to contact familiar programmers. But here it is important to consider that many platforms do not give access to programs of their own production.
Examples
In order for an understanding of the use of robots to be more complete, it is worth giving a few examples of programs that are of some popularity on the Internet:
- MoneyBot.
- AutoBinary
- Binary Option Robot.
- U-bot.
Let's start with AutoBinary. This is an automated trading system that is able to independently find trading signals and enter into transactions. The trader does not even need to set the parameters of the transaction, everything will be done for him. Of course, if you analyze all the advantages that this binary robot has, the reviews will seem superfluous, because it is obvious that a trader with such resources is doomed to success.
But in this barrel of honey there is still a fly in the ointment. The trader is not provided with information about which algorithm is used in this program. That is, there is no opportunity to find out exactly what signals AutoBinary uses and how it determines the best moment to open a position. If we are talking about a connection with a certain indicator, then at some point we should expect certain failures. That is, you can’t completely trust this robot.
MoneyBot - this program is also positioned as an automatic system that can both independently analyze and conclude transactions. There is practically no description of the principles of signal formation on the project website, which also leads the trader to a state of natural doubt. It’s hard to be sure of what you don’t understand.
To start using the program, you need to register on the resource where the robot is presented, after which a broker will be selected and trade will begin. Settings allow you to change the amount of acceptable risk, as well as the number of trading operations during the day.
U-BOT - the situation with the algorithm is the same as with previous robots. The program features allow you to copy the actions of traders who have more than 60% of successful transactions in their statistics.
As for BinaryOptionRobot , here the service first of all draws attention. The program itself has a Russian-language interface, and the company offering this product guarantees the possibility of feedback and assistance both in the process of setting up the robot and in trading.
The downside is that the number of brokers you can work with is limited.
How to earn
Choosing binary robots for IQ Option or registering with other brokers, you need to understand that such programs do not give an absolute result.
Therefore, in order to have a positive outcome after using the adviser, you need to choose options that allow you to understand the algorithm of the program and find out which advisers are used to receive trading signals. Indicators will also have to be checked for efficiency and uptime.
It all seems a bit complicated, but setting the optimal settings for trading in a different way will also be difficult. A misconfigured robot or adviser with a mysterious algorithm can cause a sudden loss of deposit.
In other words, you should not expect that a binary robot will do everything on its own. Reviews also need not be ignored. This is one of the best ways to find a really worthwhile product and understand the features of trading with its participation.
Conclusion
It doesn’t matter if a German binary robot was purchased by a trader or taken for free with unknown developers, the program will still have to be controlled. Only in this case, on binary options, it will turn out to consistently earn, and not be content with a rare and unpredictable profit.