Black Box Robot Software Review
It is possible that the Black Box Robot software is one of the best autonomous trading systems in recent years. Although it has only been available since late 2016 it has already managed to garner associations with many of the most popular and well established binary brokers.
One look at the Black Box Robot software will have you impressed at the quality of the product on offer. Its simplicity is one of its strongest points. In fact, it makes no attempt to tell you that you will make significant profits or how amazing binary options are.
Review of the Black Box Robot Software
It is fair to say that the most important factor regarding your choice of autonomous broker is the range of brokers you are able to connect with. There is no doubt that the Black box Robot software is well connected. It is possible to trade through the majority of the best brokers and connect with this impressive auto trading robot. In fact, the Black Box Robot software also ticks the second most important element of a good auto trading robot; it offers a wide array of options to personally configure your risk and trade environment.
Settings Available for Black Box Robot Software Users
The first thing you need to do is decide which of the possible trading techniques is most likely to suit your preferences. The main technical choices are Bollinger bands, The Fibonacci sequence and even simply following the RSI. You can also at what is happening in the wider market and trade according to this. This type of trading is generally referred to as fundamental analysis; also known as price action.
Another setting which is exceptionally useful and rare for most auto trading robots is the opportunity to trade in reverse. Instead of overstating the accuracy of their system the Black Box Robot software allows reverse trading which assists any trader to feel that they are in command of the trades.
It is also important to be able to control your exposure. The Black Box Robot software allows you to do this by enabling control over the size of your trades and even the number of open trades you will permit at any given time. The idea behind this auto trading robot feature is to maintain your funds and trade successfully.
Finally, arguably the most important setting is how many assets the software can access and trade on at the same time. Fortunately this particular auto trading robot has access to seventeen currency trades; all the most popular pairs. Being able to choose the base assets in which you wish to trade allows you to adjust your trades according to the current state of the market; something that many autonomous software options can simply not handle.
Choosing the Right Broker with your Auto Trading Robot
Licensed brokerages are the preferred choice for anyone who wishes to retain their funds and avoid potential scams. There are many brokers based offshore which are not licensed by anyone; some of these will simply be after your funds. Likewise many of the auto trading robots you will come across are not linked with the regulated brokers. This means they are potential scams. Fortunately, the Black Box Robot software is designed to work with licensed and regulated brokerages; making it one of the safest trading options currently available.
Know the Auto Trading Robot Scams
One of the best ways to protect yourself from potential scams is to know what they are before you get caught out. There are two main approaches used by auto trading robots to draw you in and then scam you:
Provide you with a demo account. This is not unusual, many brokers do this. However, whilst most brokers simply offer a view of the marketing world, a business looking to scam you will provide you with winning trades every time. You will then believe you are that good at generating funds that you will hardly be able to wait to sign up for an account and deposit money. You will then find your win rate reduces dramatically.
It has become common for firms to show their history regarding trades. This helps you to decide whether a brokerage is successful often enough to warrant your trading with them. Any firm looking to scam you will show the trading history but only show winning trades; leaving you with the feeling that you can’t go wrong!
This is part of what sets the Black Box Robot software apart; there are so many different configurations that it is virtually impossible for two traders to obtain the same result!