Binary Option Robot Settings
There are many automatic binary options trading systems available, but not all are created equal. The largest percentage of these automatic trading systems do not give the trader any control over the settings that their system will use in performing trades on the investor’s account. Yes, the trader may be able to set the amount of each trade, but other than that, they have no control over the system the automatic system uses.
At OptionRobot.com, the trader has a variety of settings they can manage, and the robot will follow the investors “orders” per say. To provide an understanding of the settings you can manage when you create an account and have OptionRobot.com perform your binary options trading for you, I am going to explain them one by one.
As the trader, you have the choice as to what types of indicators will be used to influence OptionRobot.com trading choices for your account. You can leave all indicators running, or de-activate some if you want. The indicators that OptionRobot.com uses are:
- TREND: Just as the name implies, this indicator looks at overall trends in the market. Is it a time for Puts or Calls? The Robot will determine this via the Trend Indicator.
- MACD: Often used as a compliment to the TREND indicator, the MACD measures differences between 2 moving averages. Plotting them against history, forecasts can be made. MACD stands for Moving Average Convergence Divergence.
- RSI: This indicator stands for Relative Strength Index. Simply put, when prices get too high, the majority will sell and when prices are cheap, people will buy. Following the people’s systems is usually profitable.
- STOCH: Dr George Lane created the Stochastic Oscillator. The system follows both speed and momentum of market conditions and determines trades based on these factors.
- WILLIAMS: The Williams indicator is what I would call an RSI indicator simplified. It grabs extreme over, or undersold areas and attacks them, normally in short positions.
- CCI: The Commodity Channel Index is actually one of my favorite indicators. It bases everything off a given average over a length of time, and uses that average to determine trends.
As I said, a trader can shut the indicators that he does not care for off in OptionRobot.com.
OptionRobot.com Trading Methods
In the settings, you choose from 1 of 3 trading methods.
- Classic which is considered the most secure
- Martingale which can be highly profitable, but takes much more risk
- Fibonacci is the most accurate system
At this moment in time, OptionRobot.com is working with currency pairs. The trader can choose which pairs they will allow Option Robot to trade in. The choices can be one, several or all of the following:
The trader chooses what expiry times OptionRobot.com will use. The choices are 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour.
Different brokers have various available expiry’s Before choosing a broker please refer to our best settings article on each brokers respective expiry times.
The investor has the ability to set what each trade amount will be. The minimum is $5 and the maximum is $500 with levels between these 2 extremes.
The trader can also set the robot on how many simultaneous trades can run at any given time. This can be set from 1 to 8.
As you can see, OptionRobot.com gives more power to the investor to set up the automatic system in the style they desire. Many complaints against other automatic trading systems is that they just trade in a haphazard way. It seems that investors have no idea what style the automatic system is using. With Option Robot, you have the choices, and the system will trade according to your desires.
If you have any questions, or you would like to see some other features, just tell us and we will tell you if it is possible, and will answer your questions.