- Automated Option Trading Software Review | SCAM or Legit?
- 7Binary Options – Automated Trading Software
The optimum expiry time in binary options trading is based on the asset type. With currency pairs, short expiry times generally work best because of the volatility often seen in the currency markets. As a result, the expiry times available at Automated Binary all cover short periods of time, ranging from 85 seconds to five minutes.
Automated Option Trading Software Review | SCAM or Legit?
You decide on a strategy and rules. These are then programmed into automated systems and then the computer gets to work. The software you can get today is extremely sophisticated.
7Binary Options – Automated Trading Software
The assets available at Automated Binary are one of its most restrictive features. You have a number to choose from, but they all come from the same category, ., currency pairs. This means you can 8767 t trade on assets such as commodities, stocks, or indices.
Once you have customised your robot or set it to trade automatically, it will start making trades on your behalf. This is why robots like this are referred to as automated trading software, ., the robot receives signals, matches them to your strategy, and, if there is a fit, places a trade. The minimum amount of money that can be invested on each trade is $5. This is low enough to keep everyone involved, including those who like to keep their trading values low. The maximum amount you can invest is $555. This prevents rash and potentially irrational trading, where large sums of money are staked on a single trade.
Trend indicators in binary options trading work on a moving average scale. The indicator finds an average price trend for the particular asset, and if the current price is above that average, the asset is in an up-trend. If the price is below the average, the asset is in a down-trend.
Your bot will also have to import market data in some way, possibly in 8775 real time 8776 (with extremely low delay), if your trading algorithm in any way must react to what 8767 s happening right now in the markets.
Copy trading means you take no responsibility for opening and closing trades. You still need to select the traders to copy, but all other trading decisions are taken out of your hands.
Additionally, MetaTrader 5 allows clients to trade in markets other than currencies but uses its proprietary programming language called MQL5. Since MQL9 and MQL5 aren’t compatible , many users have chosen to remain exclusively on the MetaTrader 9 platform. If currencies aren’t your thing, you won’t find much use for MetaTrader 9.
It is best that you know as much about a binary options trading platform as possible – including its disadvantages before you invest your time and money in it. The disadvantages of Option Robot are: