Trading With The Option Robot
The Option Robot works through semi-automatic trading and complete autopilot. To trade on this platform, users must first sign up with a recommended broker, then make a minimum deposit of only $250 (which is basically the going rate in the binary options industry). Among the recommended brokers who work with this automated robot are EU-regulated brokers including Option Rally, GOptions, CherryTrade, Banc De Binary, Stock Pair, BMB Option and OptionWeb. Traders can expect an average return rate of up to 83%. Moreover, users who want to test the signals provided here are offered a free $1,000 demo account to use, before they invest real money. This system is completely web based, as it can be used on any type of personal computer and any type of mobile gadget, you don’t need to download or install any software.
The time expiries available here range from 60 seconds all the way to 60 minutes. While some expiries are only available from some of the brokers, short-term expiries are available with all the recommended brokers. When it comes to the trade amount, the minimum amount you can trade varies with your chosen broker but typically, you can trade for as low as $5. The number of currency pairs you can trade here is quite varied too and includes: USD/CAD, USD/CHF, AUD/USD, USD/JPY, GBP/USD, EUR/JPY, EUR/USD and EUR/GBP.
The Option Robot software uses technical indicators including: CCI, Stochastic Oscillator, RSI, MACD, Trend and Williams alongside various strategies to generate signals, all of this helps you make great profits. The best strategy will depend on your balance, for example, should you deposit any amount between $250 and $1,000, the Classic System where you trade 5 or 30 minute expiries comes highly recommended. Here, the minimum trade amount is set at $20 per trade [you are allowed only one trade] and you can use MACD or RSI indicators. On the other hand, when you have a balance of $1,000 or more, the Fibonacci System where you trade the same expiries is best for you. Here, the minimum trade amount is set as between $25 and $50 per trade and you are allowed to place two to five trades simultaneously. And, should your balance hit $5,000 or more, the Martingale System is the best option. Here, you are allowed a minimum trade amount of up to $500 for every trade and you are also allowed to place three to eight trades simultaneously.
Registering With OptionRobot
Signing up is simple and quite fast. On the OptionRobot.com website, simply fill in a form and tick a few boxes. You will need to provide your personal information which includes, among others things, your full name, email address, phone number and account information details. Next you get to create your user name, add a password and your preferred transaction currency. There’s no identity verification required for the entire registration process and the next step is to simply fund your account and start trading. Follow these simple steps:
- Head to the official Option Robot site.
- Simply click on the “Open Free Account” tab.
- Select your preferred broker.
- Enter your full name, phone number, email address and select your password.
- Accept the rules and conditions provided.
- Click on “Signup”, log in and start trading right away.
The registration process takes no more than 10 minutes and as is common with any other trading platform, you must be over 18 years to legally operate a binary options trading account. You will also be required to deposit a minimum deposit of $250 with your preferred broker before you can begin trading.
Making Money On OptionRobot
Once you have followed those easy steps and are signed up with Option Robot you are ready to start making trades and money. When you have made a deposit and your trading account is activated, simply click on the “Start Auto Trading” tab. This robot is compatible with many types of operating systems for both computers and mobile devices which means there is no need to fret over what OS is in your preferred device. When it comes to your settings, you only need to key in:
- the currency pairs to be traded,
- the expiry times,
- the amount per trade, and
- the number of maximum trades you want the robot to execute.
Your selected trading system, from the three offered, only determines the amounts to trade while technical indicators are used to generate trading signals for you. These trading signals depend on your chosen expiry times and technical indicators. You’re able to place simple trades of similar dollar amounts with the Classic System while with the Martingale System, your traded amount will increase after a loss and returns to the original amount should you place a winning trade. Every currency pair is calculated individually on the Martingale sequence. When it comes to the Fibonacci System, your traded amount increases after a loss and decreases after a win. Here too, every currency pair is calculated individually.
You must select the right settings in order to start trading and as such, the six trading indicators can be adjusted easily in the settings tab. Should you opt for multiple indicators, ensure they mirror each other so that signals can be generated. If for example you choose RSI and MACD, the robot displays a “put” signal indicator in order to place a “put” trade. Should you be after a “call” option, your two signals must be designated as “call” signals and your settings should indicate so. Among the six technical indicators provided, MACD and RSI are the best and have the best signals. The minimum deposit amount allowed is set at $250 but always remember that if you deposit a higher amount, your chances of making bigger profits increases as well. You are allowed to make a withdrawal at any time and all you need to do is simply head to the cashier section, key in the amount you intend to withdraw then click the “Withdraw” option tab. The selected amount is then transferred to your designated account immediately. To use the Option Robot, you don’t need to have any previous knowledge of binary option trading.
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