Robot Review CentoBot

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CentoBot Review

CentoBot is an automated trading robot for binary options. When we tested the CentoBot software we see that it works with the binary option broker called BinaryCent.

CentoBot Review

The CentoBot is made to be an easy to use trading robot for binary option investors. The creators of the software really simplified everything so that your only choice to make is which underlying assets the robot should trade and which one of the 6 robots to use.

The robot can only trade on 8 different currency pairs, and does not yet include trading on other assets, read more.

CentoBot Binary Options Software

CentoBot Choice of Robots

This automated trading software is different from others because it has a minimum deposit requirement depending on the robot you choose to use. Some robots come with different trading strategies, with CentoBot, each trading strategy in called by a different name, and is its own robot.

The top robot they offer is called RSIMA Cross and it requires a minimum deposit of $3,000 at the broker they work with. They have a total of 10 different algorithms for their robots with varies names like xProfit, Rising East, Strong ADX, Bolly Band Bounce, and HP cycles to name a few.

When you look at the description of the robot called RSMIA, it says that income is 350. We were not sure if that means we will triple our money using the software, or what that number represents.

They describe the trading algorithm of the robot like this:

“In this trading strategy, we will match the RSI with the moving average cross indicator. For the moving averages, we will use the 4-period and 13-period MAs. We will buy or sell the stock when we match an RSI overbought or oversold signal with a supportive crossover of the moving averages. We will hold the position until we get the opposite signal from one of the two indicators or a divergence on the chart.”

CentoBot Results

There is a general rule with automated trading systems, that past results are no indication of future results. There reason is because no system is perfect and the financial markets are constantly changing. There is no such thing as executing the same trade each week and being profitable.

So the real results of the software will vary depending on the individual.

Brokers on CentoBot

You have only choice of a binary option brokers to use with the CentoBot software.

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BinaryCent is a offshore broker, that uses a custom made trading platform. Their main feature which sets them apart from other brokers is their $10 minimum deposit and $0.01 minimum trade size.

Compare CentoBot

Investor now have many choices available, when it concerns automated trading robots for binary options. We have already reviewed almost 100 such trading softwares already. Take a minute and look at the ones that are currently popular among traders, see here.

Centobot Review

Details U.S.-friendly? Trading RATING
Min. deposit:$10
Return: 83%
No TRADE! 3.4

There is no doubt that binary options trading has become one of the most popular ways of generating an income; regardless of where you are in the world. The ease of access to this market has allowed traders from all backgrounds to take advantage of this method of generating an income. However, with these traders comes a lack of knowledge and this has led to a massive increase in the number of automated trading systems in existence. Centobot is one of these.

Centobot Automated Trading System Explained

This is one of the latest products to arrive on the binary options scene and allows you to trade completely autonomously. It also offers the benefit of being web based; thereby avoiding the need to download software or update it periodically. In fact, the Centobot automated trading software is cleverly designed to provide a range of different robots according to your trading preferences and the level of funds you would like to deposit.

Centobot Trading Robots

Each robot will offer its own return rates and uses a unique set of algorithms to produce the best possible results:

  • The NeuroScanner uses its own algorithms which is said to be the best available. It is exceptionally quick to react to any market movement. In fact, Centobot claim that it can process any as 20,000,000 transactions; you will need a three core computer processor to deal with this robot!
  • The Bladerunner is designed to analyze candlesticks and the movement of prices around the candle. This allows it to accurately predict a price change.
  • Centobot has a robot called RVI and MA which will look at either nine periods or sixteen. It works by monitoring the RVI; when this it is moving in the correct direction it will alert you when the SMA crosses this line. The first cross indicates the start of the trade; the second the end.
  • Bolly Band Bounce is the Centobot robot which will monitor the Bollinger bands and locate the right point for a price reversal; potentially generating large profits.
  • Strong US V2 focuses on sudden price changes and the potential earnings available if trading against the flow. Although this can be risky it can also be very lucrative.
  • The HP Cycles is a Centobot automated trading software robot which focuses on exchange rate changes and short term price adjustments. This will show when the right combination of static exchange rate combines with regressive kernels and positive high pass filters; creating the perfect opportunity to trade.
  • The Strong ADX v.2 is only useful when the market is trending in one direction. IT can identify the ADM and EMA crossing points to create a profitable trade.

There are also two ready to use Centobot automated trading software robots; although there are deposit restrictions.

  • With at least $1,000 you can access the Rising East robot. This Centobot product simply analyzes the price movements in the Asian markets. When a positive movement occurs a trade will automatically be placed.
  • The $3,000 minimum deposit option is known as the xProfit. It is closely linked to the CCI and the SRSI. These signals will tell this Centobot robot when to open and close a trade in order to benefit from a change in the direction of asset prices.

Using the Centobot Automated Trading Software

This system is well designed with the minimal level of controls. It is exceptionally easy to register with Centobot and create your account. You will then be able to access just enough controls to establish the robots for you. These products will run completely autonomously and can react in real time to the market movements. It is for this reason it has become one of the most popular products currently available.

CentoBot

Robot Name: CentoBot
Founded: 2020
Type: Robot
Price: Free*
Return: up to 292%
Trading: CFD, Options
Demo Account: No
Minimum Deposit: up to broker

CentoBot Review

Man, I’m telling you, ever since cryptocurrencies have entered the mainstream market, trading robots are flooding the net. It’s like the early days of Binary Options all over again, except now they are repackaging old products under new names. Binary Super Bot is now Bitcoin Extreme Profit Bot and Multi-Millionaire-Binary is Magic-Crypto-Wealth. All the same, believe me. Every day I hear about a new one, better, faster and more profitable. Today it is CentoBot. Let’s dig in.

The Wonders Of CentoBot: What, How, Why

This robot was launched somewhere in mid-2020 but gained an Award in 2020. Apparently, they have also invented the time machine and successfully took someone from 2020 to 2020, showed him CentoBot and then sent him back to 2020 to give the award. Either that happened or the award is a fake (Oh, no, could it be fake?)

Ok but let’s move on and find out more about CentoBot: this was actually a binary options robot when it was first launched but now they’ve put a new twist on it. Cryptocurrencies! Just like I was telling you in the beginning: same product, different marketing. Actually, they didn’t even change the name, just introduced new assets. They don’t have a sales pitch, no video with fancy cars or jets, no fake testimonials and not much info about the robot altogether so there’s not much to go on.

Of course, for the purpose of this review I created an account to try and use all the features of the software, so here’s what I can tell you about it: once I gave them my (obviously fake) details, I was redirected to the trading room which showed 10 robots, each using different strategies, indicators, and settings.

Some of these robots are based on RSI, others on Moving Averages, ADX and so on, or at least that’s what they are saying. In fact, I have no idea how the signals are generated and no way of checking; I can only take their word for it. Once you launch your desired robot, the signals are automatically transferred into your BinaryCent account (this is the only broker available) but despite this, their Disclaimer reads “Information on CentoBot should not be seen as a recommendation to trade binary options […] Any trading decisions that you make are solely your responsibility.” I’d say that a software that trades automatically on my real-money account does more than just recommend. Once you push the “On” button, all trading decisions are taken by the robot.

Depending on what algorithm/robot you want to use, you will have to deposit different amounts to unlock the respective robot. The lowest option is $250 and the highest I’ve seen is $2,500 for the RSIMA Cross robot. That’s huge, in my opinion, and you should think twice before depositing that amount of money with BinaryCent, a brokerage that is not regulated by one of the major financial watchdogs.
A thing to note is that the minimum amounts change from day to day. I went to their website on two separate days while writing this review and on my second visit the RSIMA robot was 500 bucks only. However, a robot that was previously 500, suddenly changed to $2,500.

Demo mode is available but as far as I can tell, this is just a simulation with a whopping length of 1 minute during which the selected robot opens a bunch of trades, winning them all (or the vast majority). The user cannot do much else than watch during this Demo and the result is the same each time: you will end up in profit. Profit of virtual money of course.

Each robot has an “Income” tab and an “Algo level”. For RSIMA Cross, those are 292 and 5, respectively. These numbers are a mystery! They don’t explain what any of it means; 292 bucks per day, month, year? 292 percent profit maybe? No idea. And the algo level number is just as mysterious.

Wrapping Things Up: Should You Use CentoBot?

I’ll be blunt here: this thing will most likely lose money. It’s not a straight up scam, but rather a means to make your deposit with BinaryCent.

Call it a marketing tactic, call it whatever but don’t call it a money maker. Their website has a single page, with some hype talk and awards from before CentoBot even existed. Important information is missing and overall this software is very similar to an old binary options bot, which makes me believe it’s just a repackaging of another unsuccessful product. Either way, new or old, CentoBot is not the droid you are looking for.

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