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Binary Robot 365
BinaryRobot365.com is a brand new robot, it is a web based software so you don’t need to download and install
On their site they promise 83% win-rate which is more promising and sounds durable from all 90% win-rate robots out there.
What we liked about this robot is that it provides you along with auto trading signals also the option for manual signals for self trading, that way you can really test the robot which is crucial when you let a software deal with your money.
The software provides the trader a wide range of settings:
- currency pairs
- Duration of each trade
- Number of trades you can take simultaniously
- Indicators on which the software will act
- The account created is specifically for this robot and cannot be used for other tradings
- Minimum deposit amount $200
- Available on Mobile
The best trading robot
Top 5 users for April 2020
Below you can see the results of the top 5 users on BinaryRobot365.com. When you login to the binary robot, you can choose your own settings and aim to achieve similar results as the users below.
Benefits of using our binary options robot
What you get.
Many of our users generate up to 90% win-rate with their strategies and systems using our binary option robot.
Our Binary robot software is incredibly simple. You just need to open an account, click on AutoTrade and the option robot will start working straight away!
You can configure your own options robot trading strategy and indicators to get the maximum win-rate for your trades.
Our Binary robot will automatically place trades in your account for you. This allows you to to trade around the clock without having to download or install any software.
Reduce your losses with our advanced stop-loss system alerts. You can set you losses by day to avoid drawdowns.
Best Binary Broker 2020!
Perfect for Beginners!
Free Trading Education! Free Demo Acc!
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Our options robot works with a number of different brokers. Choose a new broker from the dropdown menu when you sign up.
Best Binary Robot – Get Started Now!
It’s as simple as 1, 2, 3.
Open and fund an account in seconds with one of our selected brokers.
Adjust your settings, trade amount and other settings.
Enjoy the profits made on your broker account with our auto-trading technology.
Which one is for you?
You can choose from the most popular indicators below to create your own strategy. Our system is compatible with the following 6 indicators:
You can create your own strategy using any of the 6 popular trading indicators below. We give you full control of your binary robot account, risk-reward ratio and strategy for placing automatic trades.
See our frequently asked questions below!
A Binary option is an option that has two types of outcome: win or lose. When a user wins a trade in binary options with our binary robot, they will received a predetermined and fixed payout, given to them by their broker.
For example, if the payout is 90% and the user bets $100 that the price of an asset to increase in a given time period, they will win $90 is the asset increases in price, or lose the initial $100 if the price goes in the oppostie direction.
A binary options robot is trading software or an algorithm developed using modern technical indicators specifically for the purpose of automating binary trading. For those who are familiar with Expert Advisers in Forex, a binary options robot is in a way, similar to EAs.
Binary robots are developed to assist novice traders trying to learn the ropes in binary options to make profits as they gain experience. However, this does not mean that experienced traders are forbidden to capitalize on the software—in fact—binary options robots are used widely by those who consider themselves to be experts in the market.
While EAs have been around for decades, binary options robots only began to crop up in the early 2020s. Since then, they have continued to attract many players in the binary options market as their popularity continues to soar. Most binary options robots are not regulated, but most partner brokers that they work with have various regulations.
Binary options robots have nothing mechanical about them. They are not some sort of machines like many would imagine when the first hear about them. However, they are designed to execute certain instructions on their own and that’s how they get the name robot.
There are two main types of binary robots. There are those are downloadable and those that are entirely web-based.
Downloadable binary Options robots
These binary options robots are designed in such a way that traders can easily download and save them on their desktops. They are the least popular when you compare them with their web-based counterparts but have more or less the same operating capabilities.
Most of these downloadable binary options use three distinct trading systems to provide traders with a variety of options depending on their risk appetites, experience and trading capital. These are the Classic system, the Martingale, and Fibonacci trading system. Ideally the robot usually has a list of partner brokers from which the traders can apply automated trading. Traders must choose their preferred broker from the list and then download the robot to their computers.
The funds deposited with their broker can then be accessed via the robot’s trading dashboard from which they can choose which assets, what amount, and the timeframes to apply automated trading. They can also adjust which indicators that the robot can use when picking and executing trades on their behalf.
Some of the indicators to choose from include the MACD, the Parabolic SAR, and Relative Strength Index, among others. Traders can always adjust their preferred indicators to use on different assets and can always deactivate automated trading by unchecking the option on the robots trading dashboard.
Web-based binary options robots
With the web-based versions of binary option robots, traders basically do not need to download any software. Everything is done on the web, which is much easier given the fact that binary options brokerage platforms are web-based. As such, most of these robots are offered by binary options brokers and are varied in nature.
There are those that when it comes to trading, have similar capabilities to the downloadable type of binary options robots, which means that the process is pretty much similar bar the download part. The other common type in the web-based version of binary options robots is more about social/copy trading thereby enabling traders to copy trades of their colleagues for various time frames. This type requires traders to select which experts to follow carefully because their gains are dependent on the success of the trades they follow/copy.
Binary options robots have proven time and again that they can provide a better avenue for novice traders looking to make money in the market. However, just as most providers will tend to point out in the disclaimer; past results cannot be used as a basis to guarantee future returns.
Nonetheless, there are specific performance thresholds that traders use against any provider’s past performance results before signing up for a premium service.
For instance, in order to make money in binary options using a binary options robot, the robot must attain at least 60% average win-rate. This is because most option types listed on various brokerage platforms offer traders a payout of about 85%.
This means that if your trade expires in the money, you do not double your investment in that particular asset, but rather, you are credited with 85%. If the return was 100%, then a win-rate of just 55% would be enough to make you money in binary options.
As such, it is always recommended that even if you choose to use a binary options robot, you try to us a binary options broker that offers the best payout. The higher the average payout per trade, the lower the win-rate will be required for you to make money.
Additionally, in order to make money with a binary options robot, it is important that you make sure that the provider you choose can be trusted. Most binary robots providers promise high win-rates to their traders, only for the traders to end being duped.
In order to avoid falling in such traps, it’s paramount that you do due diligence analysis on the provider. Check whether there are any scam reports about the provider, otherwise your attempt to make money using a binary option robot could turn out to be the worst trading decision you ever made.
Most binary options robots rely on technical indicators to pick out traders, but there are others that incorporate custom algorithms which help them to filter certain market moving events that can result in catastrophic losses. Therefore, when choosing your binary options robot service provider, be on the watch out to check whether the robot is designed to filter such events.
Since robots are technically developed, their ability to accurately predict price or exchange rate movements depends on empirical events. As such, market events that cannot be accurately quantified and factored into the trading robot cannot be included. This is why a binary options robot that’s likely to make you money in the binary options market will always list the ability to halt trading during such market events as one of its main features.
As for robots that do not have this functionality, traders can always halt trading manually by deactivating the autotrading feature on the binary options robot’s trading dashboard. After the event and its predicted impact have passed, the trader can then resume automated trading and watch the system make money depending on the average win-rate.
Again, it’s important to note that some robots help traders to make money on a regular basis while others can go on a draught. So patience may be required at times.
Using BinaryRobot365.com is very easy. All you need to do is open an account and switch the ‘AutoTrading’ button to ‘ON’. This will then trade on your account remotely.
You can also customize the settings of the indicators and strategies used by the indicators to give you full control of your account.
There is no specific regulation set for binary options robots, but depending on the provider of the given service, there are those that are actually regulated.
For instance, most binary options brokers are run by holding companies that have obtained financial derivatives trading licenses from various regulatory bodies. The most common regulators of binary options trading companies are the Cyprus Securities and Exchange Commission “CySEC”, and UK’s Financial Conduct Authority “FCA”.
In Australia, binary options brokers are regulated by ASIC whereas FSB is the body that oversees the market in South Africa. FSA does the same job in Japan whereas NFA and CFTC regulate exchange-traded binary options in the US.
So the list is long, but if you check closely, there is no specific mention of binary options robots. However, some of the robots such are run by financial trading companies that are regulated by one or more of the various regulatory bodies. This ties them to a fully licensed and regulated company unlike in most cases where the providers of the binary options robot barely have a place to call office.
So when a binary options robot is offered as one of the products of a fully licensed company, it is right to say that the robot has legal status. Nonetheless, it’s important to make sure that it’s clearly stated in the copyright section that the particular binary options robot is a product of the licensed company in question.
Most binary options robots provided by binary options brokers land under this category. However, they are not robots in a nutshell. They are more of social trading platforms rather than robots, but since the trading is automated, they are often put in the same category.
Therefore, when it comes to social trading platforms that are akin to binary options robots, regulation matters less because in any case, trader follow the trades of fellow traders thereby removing any liability from the broker or the binary options robot service provider.
For instance, if you choose to automate your trades by following the trades of another trader whom you believe will deliver substantial wins and things do not turn out as expected, you cannot fault the robot service provider. Also, you cannot claim the robot to be a scam after losing money because, you are the one who selected which and whose trades to copy.
Therefore the question about whether or not binary options robots are legal can be interpreted in several ways. Traders would have to consider the parties involved in providing the service, as well as, whether or not they have a direct relationship with the service itself. You can have a provider who has nothing to do with the trading activity itself.
Binary options robots have no legal status under any regulatory body, but in most cases, the people behind them do. If that does offer any solace for those that really prefer using products that have legal status, then it will have to suffice for now. However, a few years ago binary options trading was not regulated, but now several brokers have EU regulation. Who knows what could happen in the next few years for binary options robots?
Yes. The binary option robot is 100% mobile responsive and can be traded on your mobile.
Unfortunately not. Due to security, you will need to open a trading account using the binary option robot to ensure a reliable, safe trading experience. This way, our robot can connect with your broker API and ‘talk’ to your broker in order to execute trades.
The settings of the robot allow you to customize your trading strategy and financial results.
You can customize the following:
- Trade Amount
- Expiry Time
- Assets Traded
- No. of Simultaneous Trades
- Money Management Strategy (including Martingale, Classic and Fibonacci Trading System).
- Trading Indicators (including MACD, Stochastics, RSI, CCI, Williams and Trend indicators). You can learn more about how these indicators work on the internet.
You can withdraw your profits at any time. Simply go to your cashier, select withdraw, and choose your nominated withdrawal account. Withdrawals should be processed within 2-3 days.
From one point of view, the difference between signals and autotrading is a thin line but from another, you could write down a long list of what separates the two.
So first up, lets draw the thin line between binary options signals and autotrading.
The only thing that separates the two is that in binary options signals, traders execute the trades by acting on the trades picked by the system. On the other hand, when it comes to autotrading, the robot, or the system in this case, executes the trades on the trader’s behalf.
Now the long list;
With trading signals, traders must be logged in the brokerage platform to execute the trade picks generated by the signal service provider, whereas with autotrading, once they have activated the autotrading option the binary options robot does the rest regardless of whether or not the trader is online.
With signals, traders can choose whether or not to act on the trade picks received, whereas with autotrading, unless they deactivate the autotrading option the robot will continue to trade the signals picks generated.
Traders can easily miss out on a trading opportunity when relying on binary options signals if they are not close to one of the provider’s selected forms of delivery. Some binary options robots service providers deliver their signals through multiple platforms including SMS, web, and Email, but others only deliver via web, or email. This means that you can easily miss out on a signal if you are not in a position to receive the alert. On the contrary, in autotrading the trader’s input is not required. Once a trader has applied the various filters on the binary options robot as per his/her preferred trading style, the robot takes care of the rest. So no binary options trading opportunities are missed.
With binary options signals, the level of win-rate can be affected by time lapse between when a trader receives a signal and when he/she actually acts on it. While the providers always indicate a certain trading window within which the trader must act, it always better to act instantaneously. It’s not possible to do that manually. However, with autotrading, the binary options robot applies the trade instantaneously thereby eliminating any potential time lapses.
With binary options signals, it is more difficult to apply certain trading strategies that make use of popular binary options trading systems such as the Martingale and the Fibonacci systems. However, with autotrading, using such a strategy is pretty easy especially if the binary option robot is equipped with the three main trading systems.
With binary options signals, the trader’s average win-rate can greatly be affected depending ln the signals he chooses to act on. It’s possible that one trader could end up being more than another despite using the same service over the same period due to the differences in signals executed. On the other hand, if you follow/copy a certain trader’s trades, then you can be sure to expect the same results at the end of the given trading session.
The signals are generated by the technical indicators that you choose in your trading rules. For beginners, we recommend using the Trend following strategy.
Binary Robot 365
|Robot Name:||Binary Robot 365|
|Minimum Deposit:||Up to Broker|
Binary Robot 365 Review
Binary Robot 365 was created in 2020 and they claim it was created by professional traders who developed “a number of trading algorithms”. Okay, I have no idea who these “professional traders” are because they never tell me but at least we know where the reviews are coming from. An amnesia patient named John Doe:
Wikipedia – John Doe/John Roe: These names are also used to refer to a corpse or hospital patient whose identity is unknown. Perhaps we turn up dead after using it? Walking dead anyone?
The AutoTrader is available for mobile and computer. Straight away I notice they claim to have an 85% win rate… well unless you scroll down a little bit then it’s suddenly 83%. Not sure which one is it and over a how long period it was tested on a live market or whether it was tested at all but they say it so it must be true. I must mention that most robots claim to be that accurate but in reality, they score below 55% based on what we have experienced and I am sure this one is no different. But anyway, we must give them the benefit of the doubt, for a little while at least.
What is the 85% Winning Binary Robot 365?
The BinaryRobot365 is a binary options auto-trader and signals platform. From what I could work out, this robot uses a list of six technical indicators: Williams, Stochastic, RSI, MACD, Williams and CCI… wait that’s just five… Yeah, it seems Williams was mentioned twice on the list. Okay, perhaps a typing error, maybe it was a moving average or something? The FAQ mentions that the signals are generated via the indicators mentioned above and that they recommend the trend following strategy for beginners. It can also use Martingale and change the trade size based on the performance. However, I find no evidence for the robot is 85% successful aside from their marketing claim. On the plus side, you can get full control of your trading account by turning the AutoTrader off or disabling some or all the involved indicators. This allows you to fine-tune personal strategies.
In the FAQ and in an annoying pop-up, they mention that they offer demo accounts but surprise, surprise – once you register for a “demo”, all you get is a real account and another annoying pop-up that tells you to deposit. Looking around in my newly opened account I found a list of functions that control the size of your trades, the max number of trades and the risk (Low, Medium and High). However, I could not find where to select and unselect the indicators that I mentioned earlier.
Costs and performance
The Binary Robot 365 is free, which automatically means that broker signup and deposit are required. I like that they recommend to only sign up with EU-regulated brokers but there is some confusion here. I don’t see why famous scam brokers are in the mix of recommended brokers too. For example, GTOptions, OptionRally and CherryTrader to mention a few, have all been already talked about in our Scam Watch. All of them even show up as scams over and over again. However, when I signed up, I was automatically pointed to the broker Brokerz and I did not have the option to change to another one. I have to mention that I was using a VPN, which made it look like I was in The Netherlands, so maybe you will get different broker choices based on your location.
Getting back to the subject of performance: at the time of writing, Demo accounts are not available but in the past, they were, which allowed us to pseudo-test the robot. I let the robot take some 15 trades on the demo platform they offered – ranging from 5€ to 19€ in trade size. To use you can set the asset, the trade size, the expiry, the money management style, and the maximum number of trades to have open at one time. I couldn’t locate an option to change what indicators are used.
After the trades were over, my balance went from 5000 to 5050€. Here is what’s interesting though, this was during a weekend so the markets were actually closed. Of course, some brokers offer weekend trading based on simulated markets or based on the past week’s data but this is not recommended for live trading, only demo. Looking at the results, most wins or losses are 1 pipette indifference so I can only conclude that those prices are simulated. Again, there was no such movement in the market at the moment of my trading because it was a Saturday, so it was a pseudo-test, not based on real-market data but that’s all they gave us.
What Real Users Have To Say About BinaryRobot365
John confirms that users get directed to different brokers depending on their region:
He was contacted by a Greenfields Capital representative, who asked to be allowed to control John’s computer remotely. Huh, what? You want access to people’s computers now and when you don’t get it you become upset? Well, brokers are going to new lows to get people’s money. Good thing John had the common sense to deny him access.
Timothy here is pretty upset… with us. He wants us to deposit our money and trade using BinaryRobot365 on a real account, not on a demo. But, Timothy, Demo accounts are supposed to use the same data as a real account i.e. actual market data, which means that we shouldn’t notice any difference between Demo and Real. Why would they offer a Demo if the results are different from a Real account? Oh, wait, I know: so they can manipulate the price maybe? Because obviously they cannot manipulate the real market. How about you invest some money, document all of your trading on a Real account and come let us know how it worked out? But wait, we are not financial advisors and cannot tell you what to do with your money. Are you a financial advisor? Because you seem to advise us about our finances.
Another Robot That Sucks Or Useful Autotrader?
This autotrader claims a lot of stuff but doesn’t deliver. They say you can choose your broker from a dropdown list but when I open an account I am automatically directed to a broker of their choosing, which is not regulated, by the way. They say that I can choose what indicators to use when in fact I can’t – or the feature is so hidden that I wasn’t able to find it. And finally, they claim you will get a 90% accuracy (or 85%, or 83%, depending on where you look) – that’s winning 9 trades out of 10 – which is not happening in the real world.
Furthermore, BinaryRobot365 is a clone of another autotrading robot called Crypto Robot 365, which we’ve reviewed before. The two websites are carbon copies of one another, with a few names and words changed here and there. Bottom line: these autotraders are meant to make you deposit with their recommended broker so they can get paid an affiliate commission. That’s the story today and that was the story always. So better stay away and keep your money safe.
Best Binary Broker 2020!
Perfect for Beginners!
Free Trading Education! Free Demo Acc!
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