GENERAL INFORMATION AND REGULATION
Automated Binary is a new software for trading binary options based on technical indicators. Automated Binary opened on August 5th 2016. The software is a new version of one of the oldest trading robots, that was first developed in France back in 2014.
You have probably seen quite a few of the cheap trading systems that are made for dummies, but this one is a clean and professional software used by real traders.
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 software, 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 2016, nobody cares much about downloading unnecessary software, 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 youre good to go.
Automated Binary is a free software, like almost all auto trading software are, although you have to deposit some cash (usually around $250) with a broker to begin trading. 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 didnt 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.
MARKET INSTRUMENT
Unfortunately, Automated Binary doesnt 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:
• EUR/USD
• GBP/USD
• AUD/USD
• USD/CAD
• USD/JPY
• EUR/GBP
The above currency pairs are the most powerful currencies in the world and their values often rise or fall when major events happen.
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 cant 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.
ACCOUNT
Binary Option robot makes use of 3 most important systems for trading:
Classic system: This system trades the same amount on the currency pairs selected by you.
Martingale System: People believe this is the most profitable of them. It involves trading an amount that increases after a loss and comes back to the initial lowest possible amount after a win. Every calculation is different for the currency pairs.
Fibonacci system: Not very different from the forex trading fibonacci system. It involves trading an amount that will increase after a loss or decrease after a win. Also, this system is dependent on the currency pairs youve chosen.
Opening an account and commencing trading using Automated Binary is very easy and shouldnt 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 accounts 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.
Associate Brokers
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 sites associate brokers:
• Binary Tilt
• StockPair
• Banc de Binary
• 24Options
• Empire Option
• Binary Book
• Skyline Markets
• Tropical Trade
• Bloombex
• Opteck
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.
Indicators
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 youre 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.
