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Trend Trader Scam – Analytical Review! | Binary Doctor
We are getting many emails from the past few weeks about a new automated Binary Options software named Trend Trader and is Trend Trader Scam or legit. It took one week to gather some vital information about the Trend Trader Software. Most of you may not have heard about that Auto Trader because they are not advertised heavily over the internet or in any media. So let’s have a look at the software’s Ins and out.
Software Name: Trend Trader
Official Website: www.trendtrader.c0
CEO: Jonathan Miller
Niche: Binary Options
Price: Free with Broker Registration
History of Trend Trader Software:
Trendtrader was first introduced by its CEO Jonathan Miller a couple of years ago & he was in search of making a good & profitable Autotrader. But his attempt was a failure due to some technical problem. So he had been consistently working to develop the system with the help of some Wallstreet professionals and system analyst in order to improve the trend trader app to deliver good results. Recently they announced that they found the solution and fixed all the difficulties. They claim that Trend Trader application can generate 600$-800$ per day.
How Does the TrendTrader software work?
They mainly focussed of an asset’s trend as the trend repeats yearly, monthly, weekly and even daily. The software integrated with databases and has access to the past records of all assets, trends, and charts of the past. It actually relies of ‘repetitive Pattern’ of a trend as the trend repeats often. Get a better idea about that by looking at the below chart.
Trend Trader Negative sides:
Our observation found some negative sides of that software:
***The anchor who represented the software is a hired person from Fiverr.
***Like the other Autotrader website, pop-ups show that there are ‘Few spots left’ or they are giving out the software for ‘Free’!
***They claim that Trend Trader software is the best-automated software in the Binary options industry, which we strongly disagree because there are some other Autotraders which can deliver a good ITM rate.
***Trend Trader can deliver 93% success rate, which is unbelievable. In binary options, a 75% success rate is good enough to earn good profit.
***Showing bank account balance is a sign of Scam.
Well, we also understand that these ‘fluffs’ is a way of the advertising process moreover when they are in a competitive Binary Options industry.
Trend Trader Positive sides:
We found some positive sides also:
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***We requested Keith, director of Option Expert to test the software and upload his feedback on that. He uploaded a few Live videos of his trading experience.
***Like we all know that Binary Options Watchdog is a reputed site in Binary Options industry, which analyzes and review new Financial products. They endorsed it as a profit-generating software and recommended it.
Conclusion: Trend Trader
We have been trading with Binbot Pro since 2020 and getting a little consistent profit. BinBot Pro has a series of trading robots. According to your investment amount you can join any robot and start profiting. Bin Bot Pro is the world’s only software that allows traders worldwide. Therefore, you can join from the USA, Canada, and the rest of the world. We have earned 100K profit recently. You can try this awesome trading app.
Binary Options Brokers and Platforms – Reviews and Comparison
We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.
Top Brokers in Russia
Binary Options Brokers
|Spectre||$10 (ETH)||Up to 200%*||» Visit|
|OptionField||$5||93%||Pro Account Discount and 10% Cashback||» Visit|
|Nadex Exchange||$250||100%||» Visit|
|RaceOption||$250||90%||100% Deposit match bonus||» Visit|
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
- What is the Minimum Deposit? (These range from $5 or $10 up to $250)
- Are they regulated or licensed, and with which regulator?
- Can I open a Demo Account?
- Is there a signals service, and is it free?
- Can I trade on my mobile phone and is there a mobile app?
- Is there a Bonus available for new trader accounts? What are the Terms and
- Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
- Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
- Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
- How much is the minimum trade size or amount?
- What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
- Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
- Do they operate a Robot or offer automated trading software?
- What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
- Who has the best payouts or maximum returns? Check the markets you will trade.
We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.
Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
Regulated Binary Options Brokers April 2020
|Binary.com||Malta GA||BO, CFD|
|IQ Option||CySEC||BO, CFD, Crypto, Forex|
|BDSwiss||CySec||BO, CFD, Crypto, Forex|
|24Option||CySEC||BO, CFD, Crypto, Forex|
|Nadex Exchange||CFTC||BO, Forex|
Leading regulatory bodies include:
- CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
- FCA – Financial Conduct Authority (UK)
- CFTC – Commodity Futures Trading Commission (US)
- FSB – Financial Services Board (South Africa)
- ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.
Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.
You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.
Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.
Low Minimum Deposits
If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.
Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.
One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.
So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.
Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.
So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.
Which is the Best Binary Trading Platform?
Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.
However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.
So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.
Intro To The IQ Option Platform
How do Brokers Make Money?
Binary options brokers make money via one of two business models:
- As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
- Via a spread or commission on an exchange traded model
People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.
With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.
Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.
Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.
Should You Use Multiple Brokers?
There are some very good arguments for having more than one binary trading account:
- Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
- Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
- Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
- Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
- Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.
Exchange versus OTC (Over the Counter) Brokers
A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.
A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.
Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).
The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.
OTC (Over The Counter) Brokers
The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.
Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.
The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.
Have you had a problem with your broker? Submit a complaint
Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.
If you are looking for brokers that support a specific payment method:
- Wire Transfer
- Credit cards / Debit cards
All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:
- Several financial assets spread across several markets
- Offers a reasonable bonus with a good payout approaching 90%
- Offers flexible expiration dates without boxing traders into very long expirations.
Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.
AutomatedBinary Software Review
The number of scams in these binary option robot streets is mind boggling. In the past, binary option brokers were the main culprits and the subjects of thousands of complaints from traders everywhere. That situation changed with the strict regulatory laws instituted in various jurisdictions, effectively locking out the crooks. As with any other industry, there are still some crooked brokers out there but the number has significantly decreased, thanks to the constant insistence of sites like ours that unregulated brokers are a no go zone. As chance would have it, the con artists moved over to automated trading systems, which hold huge potential for making money, albeit illegally and often to the detriment of traders. These systems, also known as automated binary option traders which operate by signals, are very popular despite the fact that there is no regulatory authority in the world involved in regulating sites offering the services. That said, we are committed to bringing back sanity to the binary options trading industry and ensuring no traders lose their hard earned money in dubious circumstances.
A lot of people have written to us asking for a full review of Automated Binary trading software and we did exactly that. And as usual, we pulled no punches. We went in, scooped whatever information we could find and laid it bare. If Automated Binary and its creators was legit, this could have resulted in a business-closing lawsuit. Oh well.
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How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
- 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Get the automated binary trading software for free by clicking on the button below!
Automated Binary Trading Sofware
Automated Binary, as the name suggests, is an automated binary options trading software that generates money for traders without them having to raise a finger. Or something like that. Talking about softwares, Automated Binary is a web based software which is tech lingo for a software that can be accessed online without the need for downloading. Of course in 2020, nobody cares much about downloading unnecessary softwares, much less from unknown websites. Fortunately, there are no such worries as far as Automated Binary is concerned. All you need is your PC, or Smartphone, and an Internet connection – cellular or WiFi, and you’re good to go.
Automated Binary is a free software, like almost all auto trading softwares are, although you have to deposit some cash (usually around $250) with a broker to begin trading. Fortunately, we didn’t see any stupid sales video featuring some corny actor pretending to be the developer and giving all sorts of (false) promises. Most – in fact, all – of the sites which have these promotional videos are scams which is not that hard to miss if you listen to the content of the videos. AutomatedBinary gets a point and a half here, if not for anything else, for at least having the decency to market the software using well crafted words on a professionally done website. For once we didn’t have to watch a painfully long video showing hired cars and borrowed apartments which, apparently, could be your lifestyle if you made the ‘right choice’ and chose the particular software.
Another thing we noted about Automated Binary that is different from the usual sites is that there is very little information about the owners. We didn’t see anyone appearing anywhere on the site claiming to be the brains behind the auto trader and giving all sorts of reasons why we should sign up. Those are just some of the things that are (or should be) obvious to everyone. Below are the other finer details about Automated Binary that we thought you should know.
How it works
Commendably, the site is very straightforward on how the software works and steers clear of ambiguous statements which are very common nowadays. There are no “new secret algorithm” mentions neither are there guarantees on the amount of money you should expect when you sign up. Basically, Automated Binary uses a variety of the best technical indicators to derive signals which are then utilized by super-fast algorithms, to take advantage of the often underrated power of time in trading. Above all, traders are very much in control of everything the software does. This is possible due to the wide range of settings and controls available. These allow traders to control everything from the number of trades executed in a day to the number of indicators used to create signals and even to the amount to be put on each trade.
On the technical aspect, Automated Binary does not follow a uniform trading strategy and how the software trades are dependent on individual traders choices. There are several trading methods, which will be discussed a bit later, that traders can choose from depending on how much profit they want to make, over what period of time and most of all, the level of risk they are willing to take. This is often a great choice because no two (or three, or four) traders are the same, either financially or in temperament. There are those big moneyed traders who won’t have a problem with wagering $500 dollars for possible payouts of about $1000 even if they are 80% more likely to lose their investments. In the same breath, there are the type of traders, mainly newbies and green traders, who don’t have much to trade with and certainly can’t afford losing their whole deposits. These prefer making slow but consistent profits with low degree of risk to the fast profits which usually come with astronomical risks. AutomatedBinary.com get one more point here. Inclusiveness and diversity of product choices always wins in business.
Opening an account and commencing trading using Automated Binary is very easy and shouldn’t take you more than 30 minutes at most, unless your Internet is faulty. Account registration at Automated Binary is only a matter of giving your name and address details and setting up a password to keep your information secure. After that you will be redirected to the broker selection page where you get to choose your favorite broker among the 10 or so brokers listed. This part should be easy but due to lack of information, many traders have difficulties getting the right broker which is partly their fault. Anyway, after getting started with the broker account, you can deposit any time you want. Note that the deposit methods supported by most brokers are a bit slow and it would be best to make the payment a few days before the day you intend to start trading. This allows for enough time to get the deposit processed and to ensure that any issues that might arise are sorted out.
After getting the deposit done, it is now up to you when to begin trading. To activate the software started, select Auto Trade on your broker account’s UI then go back to AutomatedBinary.com to set the trading parameters. These include:
- Trading methods – Whether Fibonacci, Classic or Martingale.
- Value of each trade.
- Maximum number of trades per day.
- Type and number of technical indicators.
- Trade expiries.
- Type(s) of assets to be traded.
Automated Binary is one of the few sites which give traders absolute control over the whole trading process. Others take away the control (and thereafter the money) from traders after feeding them a bunch of lies. We confirmed that the settings actually work although the site tries to influence your choice of features through promotion which is not surprising as businesses have been doing that for the longest time. We urge you to desist from choosing any feature recommended by the site just because it was recommended. Do your own independent research and most of all, choose what fits you plans.
Earlier on, we mentioned that the second and most important step in the registration process is the selection of a broker after which comes the deposit (usually followed by the bonus) which is the money you will use to trade. To give you a clear picture of what to expect, and what AutomatedBinary.com stands for in general, below are the site’s associate brokers:
- Binary Tilt
- Banc de Binary
- Empire Option
- Binary Book
- Skyline Markets
- Tropical Trade
As you can see, these are the biggest brokerage firms in all of binary options and the ten of them have a combined market share of more than 50%. What more, all the brokers listed above are registered and licensed by CySEC as well as other credible bodies such as FCA and European Union. This shows that all of them have been given a clean bill of health by the relevant ‘doctors’ and are less likely to affect your financial health negatively. If at all there is any possibility of losing your money while trading with Automated Binary, best believe it would be as a result of the software’s inefficiency and not the broker’s fault. And according to what we know, Automated Binary is anything but inefficient.
Before trading with your real money, it is often a good idea to familiarize yourself with the features and functions of an auto trader. This is very important as it gives you a clue on what to expect when you will be doing it with your real hard earned money. Some sites have demo versions whose features are identical to the ones on the actual version. The only difference is that real money is required to trade in the real version while the demo uses virtual money, often provided by the site. AutomatedBinary.com have a demo version available to everyone who visits their site. The only condition is that you have to open an account as you would when using the real version. Also, the brokers are virtual and opening broker account is not necessary. Basically, you get $50, 000 in virtual money when you open the demo version. You are supposed to use this money with as much care and frugality as you would your real money. This is pretty easy since the software will place all the trades for you. It is worth noting that you won’t be able to access the demo version once your account balance gets to zero. Nonetheless, we learnt long ago not to trust demo versions as far as trading systems go as they don’t give a clear picture of how these systems work and in most cases, players end up disappointed and broke when they realize that the software isn’t half as good as shown on the demo version. The best way to get to know your way around an auto trader is actually trying it out. You can do this by setting the lowest investment amount for each trade and keeping the number of trades to a minimum. Or better yet, ask about it from people who have been there, done that. In that case, we are always here for you.
How accurate is Automated Binary?
This is a question we get asked a lot, more so than about any other feature. And we perfectly understand it – knowing how efficient an auto trader is helps you align your financial goals properly. Automated Binary is 85% accurate in normal circumstances, which is perfectly within the acceptable accuracy range and way above what you will find in most auto traders. Granted, it is not the very best in the market but very close to it. Nonetheless, considering that the average broker payouts range between 70%-89%, the software will certainly earn you enough to make up for the losses. Of course, the accuracy will decrease or increase depending on events on the market calendar and/or unprecedented occurrences such as terrorist attacks or amalgamation of several powerful companies.
So, how does Automated Binary achieve a level of accuracy that most auto traders don’t? Well, it all boils down to the signal production methods as explained below.
Automated Binary is able to generate its signals from combining up to 6 technical indicators, in addition to the usual technical charts and graphs. These indicators are also used in other types of financial trading, in particular stock trading. As with any other function, traders get to choose what type of indicators to use. They also have the option of choosing which combination of indicators they would want the system to get signals from. Basically, the minimum number of indicators that can be selected is 1 while the maximum is at most 6. This choice mostly depends on the type of asset you’re trading in and the expiry periods involved. The following are the technical indicators used:
- Relative Strength Index (RSI)
- Williams Percentage Range Indicator
- Commodity Channel Index (CCI)
- Stochastic Oscillator
- MACD (Moving Average Convergence Divergence)
- Trend Indicator
Note that each indicator works in its own way and has its pros and cons, like everything else in the world. For instance, Williams Percentage Range and Stochastic Oscillator help determine overbought and oversold conditions; the Relative Strength Index measures the speed and momentum of an asset relative to its price movements. For best quality signals, combine several indicators or even better, choose all the 6. That way, the shortcomings of one of one will be compensated by the strength of another. Also, according to AutomatedBinary.com, no signal is sent until all the selected indicators show the same direction. For a CALL option to be bought, all the indicators have to produce CALL signals. Now you know where the 85% accuracy comes from.
Money Management methods
We mentioned earlier that Automated Binary gives you a chance to choose the trading method you want the software to follow when placing trades for you. These are also known as money market methods and are three in total as discussed below:
Developed by mathematician Leonardo Fibonacci centuries ago, Fibonacci is regarded as the most accurate money management method. Basically, the method uses a numerically sequence from which a ratio, known as Golden Ratio is derived. It is widely believed that some numbers, such as those in the Fibonacci sequence, repeat themselves after a certain period. Thus, if the correct figures are used, this method can be used to predict price reversals. As a matter of fact, stock and forex traders have been using Fibonacci for decades to impressive results. However, despite being hugely accurate, Fibonacci method carries a higher degree of risk compared to the Classic system and is unsuitable for newbie traders with limited experience.
This is the usual system of trading where the same amount is invested in every trade, no matter the outcome. There are no particular benefits of trading on the Classic system except the lower risk level. The returns are much lower than in all the other trading methods and so are the potential losses. As it is, you won’t get rich using the Classic as the returns are minimal. On the other hand, you won’t get broke either so it’s a win-win. This method is recommended for beginners and basically every trader who prefers slow but sure type of trading.
Also known as the Compound System, Martingale is hands down the riskiest (and most rewarding) money management system. Gamblers have been using it for decades. Wall Street too liked it. Basically, this system works on the concept that doubling your investment after every loss will make up for the loss(es) when you finally get a win. The compound system follows no mathematical formula and is all about playing around with luck. This is for the traders who like some adrenaline-fueled trading laced with the sweet possibility of getting some huge payouts that could move them to a higher social status. While trading on Martingale, large deposits are required as investments per trade keep doubling (while others get lost) frequently. Newbies are advised to avoid this system unless of course they have used it before or have some extra cash that you wouldn’t mind losing.
Unfortunately, Automated Binary doesn’t have a diverse asset index which limits the trading possibilities. As it is, the software only places trades on select currency pairs. This consists of the most widely used currencies in the world such as the USD and GBP. The following are the currency pairs that the software will help you trade:
The above currency pairs are the most powerful currencies in the world and their values often rise or fall when major events happen.
Different assets require different expiry times, which is often dependent on their volatility. Currency pairs are best traded on short expiries due to their high volatility. As such, all the expiries available are short term in nature. Basically, there are 30 seconds, 60 seconds, 90 seconds, 2 minutes and 5 minutes expiry times available at this time. As it stands, the software cannot place trades unless your browser is turned on, supposedly for security reasons. Hence the short expiries will not inconvenience you in any way as even before you reply to a Facebook message, a trade has already been placed, matured and closed.
From our experience with Automated Binary and what we know about scams, we can authoritatively say that the software is not even close to being a scam. Everything from the website to the social media pages is professionally done, a clear indication that the owners are serious about what they are doing. We also liked the calibre of brokers given as options – we confirmed that all of them have CySEC licenses and very positive reputations. Most of all, we didn’t see any negative comments about the software anywhere on the Internet. Well, there are a few here and there, but the general consensus across the board is that Automated Binary actually works. Is it an auto trader we would recommend? Hell yes.
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