6 Binary Options Robots That Actually Work
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Recently, the binary broker IQ Option introduced a new auto trading platform with robots. Traders can construct their own robots, or they can simply use one from the catalogue. Once you open the catalogue, you will see the most profitable robots on top, and you can run the one you want. IQ Option engineers created the best auto trading platform so far, and we believe all traders will agree on that once they visit it.
We need to know whether this robot can be a useful tool or whether it is too risky for your own money. You are not allowed to modify the parameters under which the software generates signals and open positions. The problem is that most of the creators use martingale money management, and this strategy could easily blow your account. Running the robot in demo mode is also possible, which makes everything extremely transparent.
Basically, these robots allow you to automate your binary options trading in just a few steps, without the need to learn a programming language. The wizard allows you to run your robot in just a few steps by choosing an already created strategy, such as Pin Bar, Piercing Pattern or Bollinger Bands. All strategies are predefined to follow indicator signals and money management. For example, if you select the Bollinger strategy, your robot will buy a Call option when the price returns in the bands from below.
If you select Piercing strategy, it will buy a Call option when the robot identifies possible reversal of a downtrend. You can watch explanation videos for all strategies, but unfortunately, there is not much information about the win rate, and in our experience, these strategies are set to use martingale money management. Additionally, you can set profit-taking, limit-loss and number of consecutive unprofitable deals, which will help you to lower your risk.
The wizard also gives you the option to create your own strategy by combining indicators with candlestick-related signals. We will explain more about this feature in our next articles. The robot constructor will challenge your mind to create new robots that will work under the conditions you set.
It might sound easy, but it actually is hard work to create a profitable robot, and one should have a deep understanding of technical indicators. If you decide to jump into the deep end, you need to prepare and focus on three main parts: Then, you drag and drop different types of blocks, and set connections between them to build your auto trading system.
If you look at the robot catalog, then you may think this is a great money making machine. However, when you take a closer look at the statistics, the situation is not so fruitful for the traders. Furthermore, the big profits are displayed for the last 7 days, and when you test the robot for 30 days, it might show negative profits.
At least, this is what we discovered when we were testing these money machines. These robots are definitely an innovation for the binary options industry and remind us of Expert Advisors EAs in Forex. Lots of EAs are being sold, others are offered for free, but overall, they are a big part of Forex trading.
It is up to you to decide whether these robots are profitable, but from what we have seen, traders are mostly losing money when they use a robot from the catalogue. It could be a different story if you create the robot yourself and make it work under your strategy.
We see some great results for the authors, and this is easy to understand because, when you create the robot yourself, you know in what market conditions it will work best. Thank you for your interest, anyway after careful consideration, the team concluded that the service was not performing up to our high standards of quality. Plenty of technical instruments for analysis are already available on the platform, and you can easily activate them when trading.
We are sorry for any inconveniences and kindly ask you not to worry because we prepare something really awesome! Unheard of and definitely not available to EU traders. I will ask my account manager about it. Truly it is a great job, the question is how to make it? I have watched some of the edu videos on iq website, but these are actually very basic and in my opinion not effective strategies.
I would like to see for example your strategy with the Bollinger bands how it works under auto trading. Toni hopefully you can make a new video with robot construction: Skip to main content. For each robot, you can see statistics that include the following: IQ Option Robot Wizard Basically, these robots allow you to automate your binary options trading in just a few steps, without the need to learn a programming language.
IQ Option Robot Constructor The robot constructor will challenge your mind to create new robots that will work under the conditions you set. These are the basic steps to create the robot: IQ Option Robot Profit If you look at the robot catalog, then you may think this is a great money making machine. Tue, 26 Dec Log in or register to post comments. Sun, 16 Jul Sat, 10 Dec Cant wait for you guys to come up with some robots using your strategies.
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