Binary options robot AutoBinary
AutoBinary - is the brainchild software of Cedar Finance Brokerage Company, developed for its customer’s implementation of automatic and semi-automatic binary options trading.
The algorithm of the software operation is conducting ongoing analysis of the trading platform financial assets charts market. For which a particular set of technical indicators is used. At the same time, according to a Cedar Finance Company statement, the rate of positive signals is not less than 65%, which is enough to maintain a positive balance of the trader and its increase.
A distinctive feature of this software is that it, unlike other robots for binary options, is not located on the company's website, but is downloaded as a standalone program running on a trader’s personal computer. Thus, to access the trading process it is not necessary for the trader to enter company’s website via internet browser, just simply run AutoBinary on his computer.
Autobinary, as it has been mentioned above, uses a number of technical indicators in its work, by which it determines the asset market regularities with a considerable amount of performance, and then issues a trading signal.
How is AutoBinary used?
The last years’ binary options market practices indicate a steady increase in automated trading demand. At the same time, AutoBinary is not the worst representative of the given service. Especially because both automatic and semi-automatic binary options trading is available for use. In case of semi-automatic usage of the given trading robot
- autobinary monitors financial assets markets with the means of its own sensitive indicators and identifies trend changes and other laws of the market, which can be used for trading. After receiving the data on occurrence of one or another trading opportunity on the financial asset chart, advisor provides information about purchase or sale entry points for the certain assets to its informative message board, indicating the underlying assets, the recommended type of option and the required contract expiration period. In this case, the trader guided by the manual of the terminal, has the opportunity to familiarize with the specified asset chart, to estimate the probability of such trading signal execution and its relevance, and then confirm or ignore the recommendation for a trade. Or he can execute the binary options trade by himself.
- trader allows his robot to fully perform automated trading. That is, the robot upon receipt of a signal from the technical indicators, executes trades in binary options on its own, without the confirmation of such action on the part of the trader. Of course, in this respect, the work of advisor is more convenient, because the trader does not need to be present in front of the terminal.
According to the developer company, AutoBinary has a positive percentage of working signals of at least 65%. That is, this percentage allows to profitably use AutoBinary in automatic and in semi-automatic trading. Traders who use autobinary on semi-automatic say that it is quite convenient technical tool for trading. Since, through this mechanism they free up their own time from a permanent necessity to be near the terminal to trade and automatic autobinary system scans the market for financial assets independently and continuously. In this case, all the trader needs is to consider the signal supplied by advisor and to determine its accuracy, and then to confirm or deny the possibility of the binary options trade or to execute the trade by himself through trading terminal manual. Anyway, autobinary has always positive reviews when used on semi-automatic, as it serves as an excellent tool at hand and some sort of a technical indicator of financial assets market, and is capable of increasing the profitability of trading for 20% -30%.
Non-confidence percentage is also present.
Why are there bad reviews of automated trading from autobinary? At the same time, let us note that traders tend to hide their grief in case of losing trades. Robot for automated trading, for some individuals, is a tool for psychological releasing oneself from liability for the losing trade. At the same time, very often, autobinary is run with minimum deposits, without giving an advisor any "margin of safety" for the deposit. Market of one or another financial asset is rather unpredictable and may, at any trading system profit percentage, bring a series of losing trades, 5-6 trades in a row. No one is safe. Recommended deposit for trading automatic robots is not less than 2000 USD. At the same time, autobinary operation statistics shows that in 87% “blown” are the minimum deposits, the size of which rarely exceeds 300 USD. At the same time, the deposits of more than 2000 USD are effectively used and multiplied by the robot.