Binary Option Robot
Are you not getting the results that you want from your trading and are you unsure of what trading strategies to use? With astonishing 80% success rate Binary Option Robots will help you to maximize your trading profit. We will help you to choose the best Binary Option Robot in the market.
What is a binary option robot? It is software that you can program to automatically make certain types of trades for you. The software is conveniently menu driven and very easy to use. Quite frankly, when we used the software the first time we were very impressed at how easy it was to use and how well it worked. The software usually comes available in two editions; a basic version that is free to use or a VIP version that has many additional features that are not found on the basic version.on the basic version.
It takes just 3 easy steps to get you using the binary option robot in no time. Once you have done that, you are ready to make trades based on the robot’s sophisticated algorithm. The programs even let you decide what risk level you want to have. So read further and see how binary option robots can help you to maximize your binary options trading profit.
If you’re looking for a binary options trading system with a difference, OptionRobot is one for all traders to seriously consider. This software really stands out as we have not come across a system that has the option to set trading preferences until now.
OptionRobot is a newly-launched 100% auto trading software for binary options which generates trading signals and automatically executes trades directly to a user’s linked broker account. Offering traders a professional signals service which looks set to surpass its competitors, OptionRobot is fast gaining popularity within the trading community.
An attractive aspect of this software is that no previous binary options trading knowledge is required to use the service. It’s just a case of signing up with OptionRobot and opening an account, via their website, with one of their recommended brokers of which there are many including Banc De Binary, StockPair, Tradorax, CherryTrade and GOptions.
Despite being a new binary option trading system, OptionRobot has already caught the attention of many binary options traders who have been quick to recognize this potentially lucrative piece of software with its highly customizable service. We look forward to monitoring this exciting new robot’s win-rates in the coming months and highly recommend that traders check it out as it offers a very promising auto trading solution, pending some further evidence of user success rates.
Using The Software
Using OptionRobot really couldn’t be easier. All you need to do is open an account, make a deposit, select “Start Auto Trading,” on the dashboard and let the software take care of the rest.
Traders can select the currency pairs that the robot will trade, the expiry time and the amount that will be invested in each trade along with the indicators that will generate the signals under “Settings”. Hence, signals are generated depending on the indicators and the expiry time selected by the trader.
OptionRobot offers traders the choice of three profitable binary options trading systems: Classic, Martingale and Fibonacci. The Classic System always trades at the same amount. The Martingale System, meanwhile, raises the amount after a loss to achieve a profit and then drops back to the original trade amount. With the Fibonacci System, each Fibonacci sequence is individually calculated for each currency pair, raising the trade after a loss and dropping after a win.
OptionRobot also has six indicators which can be adjusted. These are Trend, RSI, Williams, MACD, Stoch and CCI. If multiple indicators are selected they need to be in correlation for a signal to be generated. Therefore, if RSI and MACD are selected, the two signals have to be PUT signals, giving the robot an indication to execute a PUT trade. In a similar way, the two signals have to be CALL signals for the robot to execute a CALL trade. If the RSI provides a CALL signal and the MACD provides a PUT signal the robot will not execute any trades.
Screenshot of the Website
No Download Required
OptionRobot requires no downloading or installing and is compatible with almost every operating system, including Windows, MAC OS, Android, iPhone and many others. Traders only need to set up their account once and they are ready to start trading.
Get Started In 3 Steps
Getting started with OptionRobot is a simple 3-step procedure that takes just a minute. In order to open an account, traders simply need to complete the online form, select a binary options broker from the recommended list and make a deposit. Traders can then commence using the software.
The minimum deposit amount is $200, although OptionRobot does recommend starting with a higher amount as this is more likely to increase the probability generating good profits.
1. Sign up for free
2. Join a Broker
3. Deposit and start trading
OptionRobot is a brand new binary option trading system and as yet, there are no results to report on. We are awaiting feedback from users regarding returns that have been achieved and will provide an update once we have more information as to the kind of win-rates that are attainable.
OptionRobot is offered free of charge to traders after signing up with one of their recommended brokers. After registering with OptionRobot, all a trader needs to do is deposit money with their chosen broker and follow the steps to set up the trading system.
For those requiring assistance with the software in any way, OptionRobot provides a very responsive multi-lingual customer service by email or web form which can be found on the website’s contact page. The service is available in English, French, German, Italian, Swedish, Dutch, Arabic and Russian.
2. Automated Binary Review
Trading in binary options can be a profitably rewarding experience. But, do you really have the time or patience to sit at your computer making trades one by one and neglecting the other responsibilities you have?
It can make much more sense to use a program that will trade for you using your favorite signal techniques and trading methods.
Automated Binary is the trading program you need. While you mow the yard, manage your other business issues, or even take a nap, Automated Binary is on the job using your methods of binary options trading to make you extreme profits.
Whether you are an experienced trader or new to the binary options trading world, you will discover that Automated Binary is both sophisticated and technologically advanced, but also simple enough that even the most inexperienced trader can learn quickly and be on the road to making huge profits.
What’s more, Automated Binary offers traders a demo account so they can find the perfect settings to match their trading style. You can use the demo account to test and change until you discover the most profitable method for you.
Automated Binary also gives you a wide selection of recommended brokers. So you are in complete control.
Using the Software
Using Automated Binary is simple. Traders can simply create an account, deposit funds and select the auto trading function.
Yes, it really is that simple.
Traders have the ability in the settings tab to choose which assets the system can trade in, the expiry time (30 seconds, 60 seconds, 90 seconds, 3 minutes, etc…), investment amounts and the trading indicator/s the system will use.
The technology uses the settings selected to choose the best trades.
The trader also has the ability to choose 1 of 3 trading systems:
1. Classic keeps trade amounts always the same and is considered the safe method.
2. Martingale raises trade amounts following a loss to generate a profit and then drops back to the original trade amount.
3. Fibonacci is a mathematical sequence that raises trade amounts after losses and drops after wins.
Traders also have 6 various indicators they can use to choose the trades. When 2 or more indicators are chosen, they must agree before any trade is made. If even one chosen indicator disagrees with others, no trade will be made.
No Download Required
The experts at Automated Binary realized that the majority of people do not want to download software. There is no downloading anything with Automated Binary, as it works on your browser. It is compatible with all forms of mobile along with Windows and MAC. So no matter the operating system you have, you can make profits using Automated Binary.
Get Started In 3 Steps
It will only take you about 1 to 2 minutes getting started with Automated Binary. You can do so in 3 simple steps:
1. Create an account at Automated Binary for free
2. Choose your preferred broker from the Automated Binary extensive list
3. Deposit and start the automated trading software. We recommend a deposit of $500 (min. $200) so you will receive broker bonuses and have the highest probabilities of huge profits
In using the Automated Binary demo account, I discovered profits of 92% of my deposit in 4 hours. That was just a test, and we cannot provide any accurate return statistics this early. Automated Binary is still quite new, and there are no results to share with traders as of yet.
We will provide up-to-date results as they become available.
Automated Binary is a free service. Traders are required to deposit with their chosen broker to utilize the “real money” automatic trading system. Just follow the simple steps I listed earlier.
At any point that a customer needs assistance or has any questions, Automated Binary has a fast response customer service system. Just click the website contact page and either email Automated Binary customer service or fill out the web form. It is available in multiple languages.
Open a free account to the software here:
3. BinaryOptionAutoTrading Review
One of the newest stars on the binary auto trading scene is BinaryOptionAutoTrading. The people behind this service have been working in the industry and have been behind other Binary Robots.
Now they have teamed up with some hardcore traders and made an exceptionally easy to use binary robot, which is both user-friendly but also with the option to go deep into the different settings of the trading.
Signing up at BinaryOptionAutoTrading is simple and straightforward and takes only 30 seconds. Right at your first login you will have your very first broker account connected to the robot. It’s as easy as it gets! Now all you need to do is configure the robot to fit your risk level and trading options. After that, you just lean back and wait for the signals and see the auto trading begin trading on your behalf.
Screenshot of the Website
Using the Software
It’s easy to use this 100% automated trading robot. We opened up a free account at BinaryOptionAutoTrading and right after we were connected with a trusted broker and ready to go.
All the brokers they suggest are the biggest players on the market and all have a very good international reputation.
We asked the online chat support to get some tips on setting up the robot and after a short chat, we had all the settings in place that we needed for our trading profile.
Shortly after setting up the account, the auto trading system started trading for us. In the first 10 hours we traded 12 different binary options signals and had 9 winning and 3 losing trades, giving us a total win ratio of 75%, which is pretty good.
* Future results will vary for different user account settings and market movements.
No Need For Downloading
BinaryOptionAutoTrading is running on secured servers and works for you 24/7, even while you are at work, seeing a movie or sleeping. No need for having your computer online or even turned on. Setup your account once and you are ready to trade. Stop wasting time downloading outdated software and expose yourself to the security risk.
Get started in 2 steps
1. Sign up for you 100% free account
2. Deposit with the preselected trusted broker and start trading
How the Automatically Trading Actually Works
BinaryOptionAutoTrading has both professional traders and advanced computer algorithms that use historical information and actual trends in the market to determine how to trade. All customers can follow the signals from these signal providers free of charge. From the settings panel on the dashboard, you can determine who you like to follow and how to trade on the signal.
The dashboard is full of settings that allow you to control your trading strategy and risk profile.
We had a fantastic result on our first trading day with BinaryOptionAutoTrading. A win ratio of 75% is quite good for automated binary options trading. But we probably would have traded even more if we had chosen to adjust the settings in another way.
BinaryOptionAutoTrading is free of charge and all customers are treated like VIP. You do not need to deposit to unlock certain features. There are no hidden features and everything are available to you from the start!
BinaryOptionAutoTrading has a customer service that is available on live chat and ready to answer your questions right away. On the live chat, you can talk with real persons that understand the product and are ready to guide you in all your questions. You can also reach the customer support on e-mail and they will answer very fast, usually in 2-3 hours.
Next day at work we checked my account on the mobile during lunch break and I was shocked! I already had made a profit of 17$ after just 16 hours with the max. trade amount set at 1$. I changed the trading amount to 10$ right away and after 10 days I had 893$ in my account. On 10 days, I made more money trading Binary Options with BinaryOptionAutoTrading than I did in my daytime job, working minimum wage. I will recommend BinaryOptionAutoTrading for everybody”
Open a free account to the software here:
4. BinaryOptionRobot Review
While performing a review of the software, we were impressed by its ease of use and its exceptionally unique offerings. We have found in the past that automated trading software usually requires a trader to be trading in an active fashion while also being on the internet.
The software allowed us to trade even when we were not online and actively trading. We had options which, when properly configured, allowed us to set the maximum number of trades we wanted to complete on a daily basis, how much we were willing to risk in trading, what level of maximum daily loss we were comfortable with and which assets we wanted to trade. BinaryOptionRobot is the perfect and the best binary options software to help traders profit in a very smooth way.
Using the Software
We were pleased with how easy it was to start using this 100% automated trading Robot. All we did was input the amount of risk we wanted to take with the money we were depositing into our free account. The account set-up process was extremely simple, only requiring a few fields of personal information and then choosing the broker like that we wanted to use. However, one of the most appealing features was the fact that the tutorial was available to review and we even had access to a live customer chat line if any issues were encountered – but we did not have any.
Example of Previous Results
Following screenshot shows an example of previous results from Binary Option Robot. *
* Future results may vary for different user account settings and market movements.
No Download Needed
You only have to setup your account once and then you are ready to begin trading. You don`t need to waste time downloading & installing outdated software that needs regular updates.
Get started with only 3 easy steps
1. Sign up for free
2. Join a Broker
3. Deposit and start trading
Video on How to Open an Account
How the Software Actually Works
The software works by using a sophisticated algorithm for trading that will compare an indefinite amount of data from previous years in order to predict changes in the market. The fact is that we have seen a significant gain with the use of this tool, all without understanding the somewhat technical stuff that is provided by the website. The amount that you will have to deposit in order to begin trading will be dependent on the broker or brokers that you choose. There is no maximum amount, which is beneficial for some.
Screenshot of the Website
The returns that we have seen with with the software are actually based on the amount of risk that we were willing to take. We got up to 83% returns with our test. However, this software makes it easy to change the risk level with a range from green to red, indicating the risk that we were willing to take, the higher the risk, the better chance to make money for traders and vice versa.
You can see the results and profits that you can make just in one week.
BinaryOptionRobot offers free software; however, you can also opt for a VIP account. This provides premium features that are not available with the free version. To get a VIP account, make a deposit within the next 48 hours after you registered or you can refer a friend with a referral link. Then you and your friend will each receive two months of VIP status.
There are a number of different options available by the customer service offered by BinaryOptionRobot. You can call and talk with their live operators, or contact them through the live chat feature. The best part is that we never had to wait if we had questions or concerns about our account.
Open a free account to the software here:
5. Mike`s Auto Trader Review
There is now another strong player in the binary options robot software market. The software is called Mike`s Auto Trader; when a person names the software after themselves you know they will do everything in their power to make it work well.
The software is not new but Mike has just recently revamped it and stated that now it detects and places even more winning trades and does it while earning even higher returns on those trades. His numbers before the revision were not that bad, so we were excited when we got ahold of the new version to do this review.
Here is what we found out about the actual program itself and how we liked the program when we used it.
About The Mike`s Auto Trader Software
Mike’s Auto Trader was created and designed by Michael Freeman who is one of the leading mentors in the binary trading options industry. This includes over 200 trading videos on YouTube, which makes him by far the biggest read binary options channel in the industry. He has earned quite a following because those that listen to his advice often get very favorable results.
He first developed Mike`s Auto Trader a few years back. The software was good but Mike is a guy who does not usually settle for good, especially when his name is on the product, so he just recently upgraded the software. As we stated, Mike told us it improved both the frequency of successful trades and the return on investment percentages after improving the software.
The software is 100% free. It used to require a charitable donation but that is no longer the case. Mike also claims that anyone who signs up to use the software will get access to his exclusive private signals group on Facebook. His signals service is highly respected, does not require a fee or registering with any binary option broker and it boasts having seven administrators and well over 1000 members.
The software is also 100% web based so there is nothing to buy and download and it will not take up precious space on your hard drive or slow your operating system down. Mike claims that he has tested it on every single operating system there is and it is 100% compatible with all of them.
Screenshot of the Website
How Can You Get Mike`s Auto Trader?
There are only three simple steps that are required to get the free Mike`s Auto Trader software. Here is how it is done once you get to the software’s homepage:
1. Fill out all the information on the form accurately.
2. Submit the information that you have just given in the form.
3. You will then be taken to one of the brokers that Mike`s Auto Trader can be used in conjunction with. Select one to make a deposit with and then become eligible to trade with them and start making money.
Other Auto Trading Services
We have tested most of the auto trading services and binary option robots in the market to find out whether the services are reliable or not. You will find out our opinions in the table below and you can click the “Read Review” link to read more about each service.
A Comprehensive Look at the Binary Option Robot
Binary options trading is becoming a more popular form of investment each and every year. There are now literally hundreds of binary option brokers like Banc de Binary or 24option serving the needs of the hundreds of thousands of traders this type of investing has attracted. Along with its rapid growth, it has also seen its share of advances in technology that help make trading binary options more assessable and easier; improvements in the trading platforms and the addition of mobile trading apps are good examples of this. Perhaps the coolest technology that has come out is the addition of auto trading software that investors can use to help them trade.We found that one of the very best of these trading programs is the BinaryOptionRobot.
What Is Auto Trading Software?
First of all, auto trading software does not use some special magic to make winning trades and subsequently make you rich. They are actually programs that use sophisticated mathematical algorithms to predict future outcomes based on the input of vast amounts of previous asset price data. This then gives the software the ability to spot price binary option signals that are trending in a similar pattern as the historical data. If the data correlates strongly enough, then it gives the software program a signal to initiate a trade.
Also, contrary to popular belief, there is no such thing as 100% automatic trading software even though the Binary Option Robot is the closest to that of any auto trading software we have tested. There is still a human factor involved because the investor has to input the trading parameters into the software that they want the program to look for. Once that has been done, then the rest of the trading is 100% automatically done by the Binary Option Robot.
What’s There to Like About the Binary Option Robot
Before we get into the details about the Binary Option Robot, here is a little something to whet your appetite. These are just a few of the reasons why the Binary Option Robot is one of these most popular auto trading programs on the market. Here is what the manufacturer claims.
• Once The User Inputs a few Trading Parameters its 100% Automated Trading Software.
• Over an Average 80% Winning Rate.
• It’s Easy to Use for Both Beginner and Veteran Traders; the software will fill in any knowledge gaps that a beginner trader has by picking out winning trading signals for them
• Can be Used on Mac and Windows Based Computer and Will also Work on any Android or Other Smart Device or Tablet
Any one of these features by itself are enough to make you take a serious look at downloading the BinaryOptionRobot, but all these come free with this amazing software. Let’s take a closer look ourselves and see if the program can do what the manufacturer says it can?
How Much Does It Cost
Amazingly, the BinaryOptionRobot is TOTALLY FREE of charge. All a trader has to do is follow a few simple steps to be using the free software download in not time:
1. – You just need to set up your account with fast internet connection. The signup process is really simple and the program will automatically update itself so there is no need for constant downloading to keep the software up to date.
2. – Once you are able to get secure and fast internet connection, you just need to sit back and relax because Binary Option Robot will run automatically and will start making profit for you without getting any help from your side. Just set up your risk level and enjoy 100% fully automated binary trading.
More Detailed Information About the Binary Option Robot
Contrary to what some people believe, the Binary Option Robot is not like some magical mechanical being that takes over your computer while you are away and makes you rich. We have already explained that they use a combination of historical data and complicated mathematical algorithms to select where to place trades.
No previous binary options trading skills necessary in order to use the Binary Option Robot. The program is designed to fill in the gaps in a trader’s knowledge level to enable them to trade successfully. It is helpful that you have at least a basic binary options knowledge base to set the trading parameters and the risk level for the BinaryOptionRobot.
Once this is done, then the Binary Option Robot literally becomes an extension of your trading habits and the amount of aggressiveness you like to pursue your trading with; unless you are an expert investor, it will most likely do your trading better than you can. That is a nice piece of mind for any investor to have, especially those that are just getting their feet wet in binary options trading.
What Makes the Binary Option Robot Unique?
1. It is the only automated trading program we know of where you do not have to be sitting in front of your computer with your browser open and have an active internet connection. It is not 100% auto trading software, but it comes very close once you have input some simple information into the BinaryOptionRobot.
2. Automatic Stop Loss – The BinaryOptionRobot is Safe and Secure thanks to the automatic stop loss, so you do not have to worry about losing your funds when it is auto trading for you. Some auto trading software does not have this feature and can empty your account while you are away from the computer. You set the amount of money you are willing to risk while the program is trading automatically.
3. Reverse Trading – maybe you are one of those investors that think the BinaryOptionRobot is picking more losing trades than winners for you. Well with this auto trader you can test out that philosophy to the fullest. You can click on the reverse trading mode and the BinaryOptionRobot will place trades just the opposite of what the signals tell it to do.
Who can benefit from this Type of Software?
• New Binary Options Traders and Beginners – The software combines nicely with the binary options learning information that we provide you with here on our site. We suggested that before you start trading with the software that you have at least a basic knowledge of binary options trading and you should take that advice. But the software itself will help you pick out signals to make trades on, just like any expert binary options investor would; there is no learning curve or knowledge gaps with the BinaryOptionRobot.
• Busy Investors – many investors simply do not have as much time to trade as they would like to because of work, family and other commitments. That problem is solved with the BinaryOptionRobot. If you put in the trading parameters, set the risk level and tell the program how much money you are willing to invest while you are away from the computer, then the BinaryOptionRobot will take it from there, You can be making money while you are at work, while you are sleeping and even while on a holiday at the beach with your family.
• Big Investors – Professional traders know what and how they want to trade but it’s not easy to be placing several trades at once, especially if you are trading on short expiration times. The BinaryOptionRobot can act as a sort of clone trader for you and be placing trades at the same time as you are. Never again will you miss a profitable trade because you were placing another one and did not have time.
Binary Option Robot VIP Version
The VIP version is actually the advanced version of Binary Option Robot with added features to get excellent trading results. With the help of VIP version, traders can set up risk level of signals freely and can opt of smaller or higher level of risk trade as well. Traders can easily get VIP version by referring a friend to the website. You will get 2 months free VIP version when your referred friend will make initial deposit with any binary option broker like Banc de Binary, IQoption, CherryTrade, OptionFair, 24option Porter Finance of their choice.
Our Overall Opinion of the Binary Option Robot
PROS of the BinaryOptionRobot
• It is 100% fully automated, you just need to sign up an account with them.
• It boasts a very high percentage of winning trades when the software is used properly; averaging over 80% of your trades finishing ‘in the money’ is not out of the realm of possibility.
• More brokers are being added to the compatibility list on a regular basis.
• It includes several key trading indicators.
• Customer reviews of the software have been very positive.
• No prior knowledge is needed to use the BinaryOptionRobot successfully.
• It greatly reduces the time it takes a trader to do important technical analysis.
It as close to a 100% percent auto trading software program as you will find on the market and it’s the only one that does not require you to be on the internet at the same time when it is making trades for you. According to our test run and other investor’s reviews, the program may not make you rich beyond your wildest dreams, but it does have the ability to be a consistent winner and make you a steady profit. It definitely has the ability to help those that have busy lives trade more and it has some excellent features to help you limit your risk when the BinaryOptionRobot is placing trades on its own. It is auto trading software that we would not hesitate to recommend that you at least give it a try with the risk and the trading amounts placed at their lowest settings.
As always, we are very interested to hear your opinion on the product if you decide to try the BinaryOptionRobot. We like to hear both the positive and negative results that you have had with the product and if enough readers’ comments express the same good results, we will amend our review to reflect this.
More Detailed Information About Mike´s Auto Trader
It’s best to start off by explaining what a binary option robot is. Contrary to what some believe, binary option robots are not like some Star Wars robot character that was programmed to be good at binary options trading too. These are software programs that a trader can use to look for potential binary options trades when they are not able to. Once a user inputs the trading data into the binary options robot software, the software will then use those parameters to determine where to place trades that are favorable under the parameters that were programmed into the software.
In essence the software becomes an extension of the trader himself, only it is a little bit better most of the time at finding strong trading signals. The robot software determines where to place trades by the use of complicated trading algorithms. It is important to note that no two binary options robots work exactly the same, so it is sometimes advisable to try more than one to see which one works the best for you.
How do algorithms actually work?
An algorithm is described as a group of stand-alone, step by step instructions that end up forming a strict set of operations that are required to be done. They are very useful at doing such things as analyzation and data processing functions, performing complex calculations and then combine these with a type of automated reasoning. They are capable of determining outcomes because they can figure in large amounts of data that has been gathered over time to reach conclusions.
Who can benefit from this Type of Software?
Unfortunately the software is not capable of doing all the work itself. Anyone who uses the program must possess at least a basic knowledge of binary options trading and how it works to be able to successfully use any auto trading software. This valuable type of knowledge can be easily obtained on websites such as ours.
These are the types of investors that stand a good chance of profiting from using a binary options robot.
- New Investors – Many times auto trading software has been successfully used by those with just a limited knowledge of binary options trading. The software algorithms are able to help the newbie trader fill in any knowledge gaps that may exist and that gives them a better chance at successful trading.
- Distracted Investors – Auto trading software can be a big advantage for those traders who love to trade but have so many obligations they find it hard to make time to do it. Binary options robots help assist then in trading successfully even while they are busy doing other things.
- High Volume Traders – These are professional traders who make a living off of trading binary options. They usually have successful patterns they like to trade and by using auto trading software it increases the number of trades they can make in a day.
Actual performance – What we found using it
Well when it came time to put Mike`s Auto Trader to the test we were not disappointed at all. It was as good as advertised and we have come to expect those types of things from Mike; it is one of the reasons he has such a big following when it comes to binary options trading.
We decided to set up an account on GOptions so we could use the software that Mike Freeman designed. Once we downloaded the software (again it was free) we were very much impressed by the fact it was its own design and not a copy of other binary robot software. We found that the download and setup was very easy to do with the software.
We set the parameters in the software to make $30 trades when the proper signals came in that conditions were favorable for a profitable trade. The software was also placed in a mode that made it select the trades on its own. Mike`s Auto Trader started to recognize some winning trades right of the bat and all we could do was smile; the program really does work. We guess that the 12,000 followers that he has on Youtube were there for a reason.
First it is important to note that Mike`s Auto Trader is not a true 100% auto trading program. It is better to call it a signals analysis system. Mike has proven over time to his many followers that he is very good at picking winning signals and he has somehow managed to capture a bit of that magic in his auto trading software too. The program will actually analyze how you want to trade an asset, compare the signals on that asset and then suggest the type of trade to be made. Mike`s Auto Trader will always give you the final choice on whether to place the trade or not. There were a few suggested trades that we chose not go with and we will explain that in a little more detail later.
There were a total of 16 trades that we placed originally and of those we had 11 trades that were winners. That was not a bad start at all – almost 75% winners and we averaged over a 60% return on investment in those trades. We used a lot of matched currency pairs that included the USD/CHF pairing because that is what the software gave the strongest signals on while we were placing trades.
It also must be mentioned that we did not accept every trade that the Mike`s Auto Trader software suggested to us. So our results are skewed a little bit in that regard, but it was only two or three trades we did not accept during the testing time period and these might have been winners but we did not track them. We are not so trusting with our money when first using auto trading software, so we double checked the Mike`s Auto Trader signals against some other signals charts that we like. This confirmed Mike’s signals a large majority of the time. The Mike`s Auto Trader software does not have any signal charts of its own to compare to.
Grey Areas with the software
As with all auto trading bots there is no such thing as a stand-alone auto trader. They all are required for use with one of the brokerage sites they are compatible with. Mike`s Auto Trader also claims to be a 100% auto trading software, but we did not find that to be the case as it does not place trades automatically as we mentioned before. It always gives you a choice to make the suggested trade or not.
What does qualify it as being an auto trader is it does spot some very strong signals for you and then suggest some trades that are more often than not profitable. So other than the final choice and placing the option, it does the rest of the work until you make the final choice after it makes the trading suggestion.
Once again this does not make it a 100% auto trading program, but make no mistake about it, it does a majority of the legwork for the trade up to and including spotting the winning signals.
Pros of Mike’s Auto Trader
- It’s backed by a respected and proven name in binary options trading
- Free to use when signing up with one of the compatible brokers.
- Ease of Setup – It was downloaded and up and running in no time.
- Web Based – does not use up the computer’s memory or processing capabilities.
- 7 Brokers to choose from to run it in conjunction with (the more choices, the more likely you are to find a website that you not only can use Mike`s Auto Trader on, but will also be happy with the sites trading platform too).
- Consistent Winning Trades (Near 75% when we double checked Mike’s signals with other charts we like before accepting the suggested trade).
- Acceptable return on investments – often in the 60% or higher range.
Cons of Mike’s Auto Trader
- It is not a 100% fully automated trading software
- It’s a conservative program – the signals it hits on only let it suggest a limited amount of trades each day, some trader say it’s not enough even though they are generally winning trades it suggests.
- It has no signals charts that the software produces itself.
Mike`s Auto Trader might not be ideal for everybody to use, especially those who are looking for 100% fully auto trading software to place actual trades for them (even though this is riskier than having the software offer a trading suggestion like Mike`s Auto Trader). The software does not claim that it will make those that use it rich, but from our test and what we have seen from other reviews, it all points to the software program being able to produce consistent winners.
I don’t know about you, but anytime I am making even a little money on my binary options trading I am adding to my investment account and that is much better than subtracting from it. We certainly are recommending that it is an auto trading program that is very worth taking a look at by anyone.
If you try the software yourself, we would be more than interested to hear what you have to say about it and if a pattern of positive or negative results starts to form we will pass that information on here in an updated review.
History of Auto Trading Systems
Trading system originated in 1949 when Futures Inc. was launched by Richard Donchian. As one of the first commodity funds to be publically held, Futures Inc. used structured rules to generate signals with which they then bought and sold various commodities. Trading in the 1950’s obviously varied drastically from the computer and internet-driven times of today.
In those days, ticker tape and hand-charting were heavily relied on by brokers. This was obviously extremely tedious, thus making training more of an art form than a structured scientific process. Despite these setbacks however, an industry was born! A system trading is now the method of choice amongst CTA’s, individual investors and banking institutions around the globe.
It wasn’t until Boston Red Sox owner John Henry and turtle trader Richard Dennis introduced the concept of applying entry and exit mathematical rules to the commodity markets in the 1980’s that the concept of rules based systems trading took off. With the technology boom, the doors were opened for retail investors to utilize trading systems.
However, in the mid-90 when these trend-following models were then available for traders to purchase. Investors could now process numbers and generate signals from the privacy of their own homes before placing a call to their brokers. However, it wasn’t until the late 90’s that the invention of the World Wide Web gave traders the ability to run live data and generate trading signals in real time from their PCS or laptops.
The final boost that helped trading systems become one of the mainstream, occurred with the creation for the emini futures of the Chicago Mercantile Exchange in 1990. This allowed investors to place orders on Globax, an electronic exchange, which enabled them to forgo the trading floor. Today, computers can not only evaluate where these trades should be made, but they can actually place the trade on behalf of the trader as well.
The ability to perform a standalone investment for trading systems via futures broker dates back to 1988 when Walter Gallwas, Atatai Capital’s founding partner, paired up with Jack Telford. Walter asked Jack if he would allow some of his clients to follow the trading systems signals of a system Telford had encoded into TradeStation. Telford accepted this challenge, for a small fee of course. This is how trading system model as we know it today came into play.
Until recently, traders had to purchase trading software and systems developed were needed to support that software, design and monitor websites, handle customer issues and process payments. However, today, most of this is done via a monthly subscription service, which eliminates the system developer from having to have personal communication with their clients.
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List of Our Broker Reviews:
- Banc de Binary
- Porter Finance
- Binary BrokerZ
- TR Binary Options
- HY Options
- Bloombex Options
References and Further Reading:
1. Neural networks for financial forecasting (E Gately – 1995)
2. An automated FX trading system using adaptive reinforcement learning (MAH Dempster, V Leemans – Expert Systems with Applications, 2006)
3. Designing safe, profitable automated stock trading agents using evolutionary algorithms (H Subramanian, S Ramamoorthy, P Stone… – Proceedings of the 8th …, 2006)
4. Adaptive conceding strategies for automated trading agents in dynamic, open markets (F Ren, M Zhang, KM Sim – Decision Support Systems, 2009)
5. Optimization of Automated Trading System’s Interaction with Market Environment (P Tucnik – Perspectives in Business Informatics Research, 2010)
6. Economic agents for automated trading (C Preist – 1998)
7. Evaluation of automated-trading strategies using an artificial market (K Izumi, F Toriumi, H Matsui – Neurocomputing, 2009)
8. Automated trading with boosting and expert weighting (G Creamer, Y Freund – Quantitative Finance, 2010)
9. The legal basis for stock exchanges: The classification and regulation of automated trading systems (I Domowitz, R Lee – Pensylvania State University–Oxford finance group, 1998)
10. Evolving neural networks for static single-position automated trading (A Azzini, AGB Tettamanzi – Journal of Artificial Evolution and …, 2008)
11. Automated trading in agent-based markets for communication bandwidth (N Vulkan, C Preist – International Journal of Electronic Commerce, 2003)
12. An agent strategy for automated stock market trading combining price and order book information (GC Silaghi, V Robu – University Faculty of Economic …, 2005)
13. Economic agents for automated trading (C Preist – Software Agents for Future Communication Systems, 1999)
14. Adaptive systems for foreign exchange trading (MP Austin, G Bates, MAH Dempster 3… – Quantitative …, 2004)
15. Automated finance: The assumptions and behavioral aspects of algorithmic trading (A Kumiega, BE Van Vliet – Journal of Behavioral Finance, 2012)
16. Portfolio of automated trading systems: complexity and learning set size issues. (S Raudys – IEEE Trans. Neural Netw. Learning Syst., 2013)
17. The High Frequency game changer: how automated trading strategies have revolutionized the markets (P Zubulake, S Lee – 2011)
18. Automated trading agents versus virtual humans: an evolutionary game-theoretic comparison of two double-auction market designs (S Phelps, S Parsons, P McBurney – Proceedings of the 6th Workshop on …, 2004)
19. A boosting approach for automated trading (GG Creamer, Y Freund – Journal of Trading, 2007)
20. Automated trading with genetic-algorithm neural-network risk cybernetics: An application on FX Markets (LCWJ Chan, WK Wong – Finamatrix Journal, February, 2012)
21. A hybrid approach for automated trading systems (RK Wong, PN Ng – … Systems, 1994)
22. Automated trading system in an electronic trading exchange (JM Marynowski, CD Voinescu, S Puscasu – 2007)
23. A foreign exchange market trading system by combining GHSOM and SVR (RFB de Brito, ALI Oliveira – 2012)
24. System for foreign exchange trading using genetic algorithms and reinforcement learning (A Hryshko*, T Downs – 2004)
25. Intelligent finance—an emerging direction (H Pan, D Sornette, K Kortanek – 2006)
27. The informational role of upstairs and downstairs trading (SJ Grossman – 1992)
28. Trading in the global currency markets (C Luca – 2007)
29. Informational integration and FX trading (MDD Evans, RK Lyons – 2002)
30. Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect (MB Devereux, C Engel – 2002)
32. Foreign exchange interventions under inflation targeting: the Czech experience (A Geršl, T Holub – 2006)
33. For Whom the Bell Tolls: The Demise of Exchange Trading Floors and the Growth of ECNs (JW Markham, DJ Harty – 2007)
34. Central bank intervention and exchange rate volatility—Australian evidence (SJ Kim, T Kortian, J Sheen – 2000)
35. Insider threat study: Illicit cyber activity in the banking and finance sector (MR Randazzo, M Keeney, E Kowalski, D Cappelli – 2005)
36. Corporate hedging for foreign exchange risk in India (A Sivakumar, R Sarkar – 2008)
38. Exchange rate volatility and noise traders: Currency Transaction Tax as an eviction device
(O Damette – 2009)
40. Technical analysis and the effectiveness of central bank intervention (P Saacke – 2002)
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