Anyone who has invested in binary options or is considering doing so will, undoubtedly, be looking at the various options regarding what the different binary brokers offer and what rates of return they provide. Most of the offerings are consistent between brokers in this fiercely competitive marketplace, however, a relatively new broker to the scene, OptionRobot, is adding a new feature which is not currently offered by any of the other binary options brokers; this is the ability to establish your own trading boundaries and have the program handle all the purchasing of options.
OptionRobot, as its name suggests, is 100% automated; once you have created an account with them and an approved broker, and then set up your boundaries, or trading options the system will do the work for you. It will look at available trades and decide whether they fit your budget, risk factor and return rate. If they do then the order will be placed and hopefully be successful. An automated service does not guarantee success!
One of the main advantages of using an automated product is that you do not need to have any prior experience or knowledge regarding binary options. The fact that this automated system is capable of being adjusted to fit your own preferences is making it much more attractive to many traders who are looking to broaden their portfolios without unnecessary risk or additional strain on their valuable time.
Getting Started With OptionRobot
The first step is creating your account; you will then need to add your initial funds to your account. Providing you have entered your preferences you can then simply press the start auto trading option and let the robot get to work!
You can control the amount of funds you are prepared to risk on each trade, as well as how long the trade can be. You will also be able to explore the settings option to indicate your boundaries and have a range of information made available as it happens, in response to your established boundaries. It is worth noting that the minimum initial deposit is $200; as soon as this deposit is placed you will be able to start trading.
It is possible to use exactly the same amount of funds on every trade; however, the automated system will also allow you to raise the value of your next trades to compensate for a loss on a trade. Alternatively you can get the robot to calculate the right amount for each trade to ensure you end the day in a profit position.
It is possible to adjust the settings on the OptionRobot to ensure it knows whether you prefer to buy on the up-trend or the down trend; it is important to understand what these settings do as it usually requires two settings to complement each other.
The software is held on the cloud and does not need downloading to your computer. This means it is possible to use it from any computer, regardless of where you are in the world. You simply need to know your log-on details.
OptionRobot Additional Details
As with the majority of binary options brokers, there is no charge to use the service or register from an account. Their funds come from the losses you make; it is inevitable there will be some! The rate of return is promised to be good but the firm has been trading for such a short while it is difficult to confirm this yet; time will tell.
The customer support offered by OptionRobot is excellent. You can contact them via email or through the dedicated ‘contact us’ page on their website. Their operators speak a variety of languages and are exceptionally helpful and quick to respond.
Nowadays there are numerous automated trading solutions and services. It is really complicated to choose the profitable one. In the present moment OptionRobot can be an option if you are looking for reliable and legitimate automated trading software.