How do you like the prospect of getting permanent passive income? It is not necessary to rent an apartment for this. Trading also allows this idea to come true. Automatic trading on binary options will allow you to make money in trading, practically without taking part in trading.
Today we will talk in more detail about what this method of earning is, whether it can be profitable and what reviews can be found among traders.
Features of auto trading on binary options
Let's start by looking at how traders provide automated trading.
On the Internet, you can find quite a variety of programs that can conclude deals for you. Moreover, they are offered both in free and paid access.
Automatic trading systems analyze the market according to a certain algorithm and conclude deals. Is it possible to earn in this way? It all depends on how well you choose the bot and configure it correctly.
It would seem that everything is simple. If the program is free, it is unlikely to be profitable. In most cases, this is true. However, if you pay money, this does not guarantee a profit in the future.
You cannot pay to search for a free method (put the comma correctly)
Now you need to decide which binary options to choose on the machine: paid or free. Let's take a look at the features of each option.
Paid robots... There are many more profitable instruments among them. The best auto trading programs cost more than one hundred dollars. However, at the same time, they completely pay for themselves. But again, they do not guarantee you profit.
Free bots although they are cheaper, they can bring serious losses. Finding an effective tool among publicly available bots is much more difficult. Nevertheless, nothing is impossible. Later, we will definitely tell you about one automated trading system that can be profitable and cost nothing.
Reviews about automated binary options trading
When we looked for opinions of other traders about systems for automatic earnings, we found out that not everyone trusts this method. Even more users are wondering whether the bot can be trusted or not. Despite the interest from novice traders, not everyone is ready to trust their capital to bots.
Concerns about the effectiveness of bots are not in vain. More than half of the various systems unceremoniously drain their depositors' money.
You can find enough comments about how this or that bot lost the trader's deposit. Of course, one should not exclude the guilt of the speculator himself. After all, the effectiveness of the algorithm for auto trading depends largely on the quality of the settings. But there are some programs that, in fact, bet at random. And no setting can cope with this. That is why you need to choose the right bot. We will talk about one of them right now.
Abi Robot - Binary Options Auto Trading with 87% Accuracy
The Abi robot is one of the few bots that we can recommend for mastering auto trading. The company that developed the bot and is improving it has been operating since 2014. During this time, thousands of traders have already become convinced of the reliability of the system.
Yes, Abi can make simple trades using the Martingale method. However, there are other options that are based on serious technical analysis. However, we will not tell the same thing over and over again. In the review article, you can find out the main features of working with a bot. Or you can try everything yourself right now on a demo account, which is offered for free on the Abi website.
Finally, we just note that Abi is offered absolutely free. The only condition is that you need to register with one of the available brokers for the affiliate program. Thus, you get access to the system for automated trading, and the developers of this platform will receive income from you, which is paid by the broker himself.
How to provide automatic binary options trading without investment
We have already figured out that there are free trading robots. However, for the bot to start working, you need to make a deposit. Therefore, the risk of losing money in vain does not go away. Therefore, I want to know if someone offers automatic binary options trading without investment.
As you know, there is supply for demand. And such an opportunity would definitely attract many traders. But it will not be interesting to any developer of the company. Therefore, the rule that was just mentioned does not apply in this case. Nobody will give you money just like that. Therefore, it remains to be glad that at least such systems are still offered free of charge.
You need at least a minimum deposit for automatic binary options trading. Therefore, you will not get rid of the risks anyway. It is worth remembering this before you start choosing a bot for trading.
By the way, we have not yet talked about how to choose the right place for auto trading. But this is really important. Well, now let's fix this flaw.
How not to get caught by scammers
Let's take a look at all the most important rules for making the right choice using the example of the same Abi system. Now you will understand why we recommend this system.
Reviews. The system should be popular with traders. Firstly, it suggests that somehow the creators still managed to attract the attention of their target audience. Secondly, in this case, it will not be difficult to find feedback on the system.
It is clear that the feedback on the program should be positive. Of course, there will still be dissatisfied customers. But most of the reviews about automated binary options trading should be positive. Also, do not forget that there may be purchased reviews on the Web. Therefore, you need to learn to determine where they write the truth, and where they try to work off the earned 50 rubles per review using bright epithets.
In the case of Abi, most of the comments are indeed positive.
Trading method. The vast majority of bots work either according to a primitive strategy, or without it at all. At the same time, the Martingale strategy is almost constantly used, which significantly increases the risks. And for the owners of small capital, Martin will be a sentence, since in such cases he almost always drains.
Trades entered into with an automated program must be based on technical analysis. Otherwise, you will not be watching the trade, but the game of the robot against the bot.
As we mentioned earlier, Abi can also work based on Martin. But there are also more serious settings. You can trade using or use one or several indicators to choose from at the same time. Everything is exposed in the settings.
Access to a demo account. Many developers did not bother to offer traders a trial period for using the system. This is usually due to the fact that the creators themselves are not completely confident in their product. If we are provided with access to the demo, the chance of getting a high-quality program increases significantly. This was also the case with Abi.
Price. Yes, cost is not the main factor. Agree, if even with a minimum deposit, automatic binary options trading can bring profit to traders, it costs money. The main thing is to have money left for capital, which will recoup the costs.
However, do not rush to the first expensive product. You should always look for options to save money, but not at the expense of quality. Abi will help you with this.
You should definitely pay attention to these 4 factors if you want the robot used to bring you profit.
Not all brokers are loyal to automated trading
Finally, I would like to note the fact that not all brokers are positive about automated trading. And violation of the rules is punishable by blocking the account and freezing all earned funds.
If you think that you are smarter than a broker and can discreetly set up a bot, you are wrong. Tracking a raider's behavior isn't all that difficult. Experts have long learned to determine when a trader is trading himself, and when a computer does it instead.
Therefore, before starting BO auto-trading, check with the broker if he will be against it.
As you can see, there are both advantages and disadvantages. Weigh all the arguments before starting. The main thing is not to forget about anything in order to make the right choice.
Automatic Forex trading is no longer a myth. Automated systems help those who do not have the opportunity to be near client terminals all the time to make money on the market. However, not everyone believes that it is realistic to make money with the help of automated systems, and some think that it is only possible to drain the deposit this way. Nevertheless, such programs are becoming more and more popular every day.
What is auto trading?
What is such automatic trading? This is a tool that has certain algorithms, thanks to which transactions in the client terminal are opened automatically according to the specified settings without human intervention.
Such tasks are performed by special programs that are installed directly into the terminal. These can be various advisors and robots. That is, absolutely anyone can use ready-made solutions and make money on Forex, even without strong trading skills. Nevertheless, you still have to have some knowledge, because programs usually require settings that are set from the following factors:
- the size of the deposit;
- traded asset;
- method and style of trading.
Do not expect that automated trading will do all the work, and the trader will only have to receive income. This is impossible in principle. Because it is just a robot that reacts to certain market conditions, and if they change, it can become absolutely useless.
There is a difference between advisors and robots. An Expert Advisor is an algorithmic program that performs technical analysis according to specified criteria. After that, the trader himself decides whether to enter or not enter the deal. Trading robots execute a trader's strategy or trading system automatically.
The most popular MetaTrader 4 platform already has several built-in tools for automatic trading, but traders have a chance to buy them on third-party resources and even write and install them in the terminal.
Note! Of all the forex brokers operating in the Russian Federation, few meet the criteria for a truly high-quality company. The leader is - Alpari!
More than 20 years in the Forex market;
- 3 international licenses;
- 75 tools;
- quick and convenient withdrawal of funds;
- more than two million clients;
- free education;
Alpari is the # 1 broker according to Interfax! All you need to get started is just register on the site!
The advantages of auto trading
Robots and advisors are not only used by beginners who do not yet know how to analyze on their own.
The advantages of trading automated systems are as follows:
- The ability to conclude transactions on Forex around the clock, 5 days a week. This allows the trader to rest, but at the same time get additional income.
- High speed of transactions.
- Fast creation of new strategies.
- Getting rid of large volumes of routine work.
- Lack of human factor. When trading robots, strong excitement during drawdowns, as well as excessive excitement, which negatively affects trading in general, is eliminated.
- The ability to trade in the absence of knowledge and professional skills. At the same time, in parallel, you can learn to work manually.
- Robots can monitor several instruments at once and analyze the activities of different markets, unlike humans. This means that transactions can be simultaneously concluded in several directions.
Trading exclusively with robots does not mean making money without losses. Professional traders regularly use Forex on autopilot in their work, but they alternate it with manual trading. Robots and advisors can be trusted to perform simple operations, for example, they will be useful in scalping to open more positions. In addition, due to incorrect settings, there is a risk of losing almost all of your deposit. Therefore, you still need to have basic knowledge to trade on robots.
As for professional traders, they turn on their robots only when they are not able to trade themselves. This will also require work on a remote server - VPS. You can install a client terminal directly on it, configure robots and advisors, turn off your computer and go about your business. Trade will go smoothly.
It is impossible to say for sure how many traders are trading with robots. However, almost every professional has tried this kind of trading at least once. It may not be to everyone's liking, because Expert Advisors also have drawbacks. For example, the impartiality of a robot can be regarded both as an advantage on the one hand, and as a disadvantage on the other. The market can sometimes be very unpredictable and, unfortunately, the robot cannot react to some fluctuations and change tactics or at least suspend its work. Such situations can lead to a drawdown.
Forex on autopilot is based solely on technical data. He will not take into account the market conditions, as well as the most important fundamental data. Therefore, the trader has to make constant adjustments to the strategy to work effectively.
There are several types of Expert Advisors, and conditionally they can be divided depending on the trading conditions. The trader decides for himself which type is most suitable for him. Some opt for fully automated trading, others prefer to make constant adjustments. And someone wants to conclude transactions manually, but based on the data received from such programs.
| Kind of robots | Peculiarities |
| By trading time | Developers release programs depending on the time period of their work. Many traders prefer to trade short time frames and opt for intraday robots. However, there are modifications that allow you to open longer positions and even carry them over to the next day. |
| By the degree of autonomy | Some programs allow you to completely eliminate human intervention. That is, after activation, the robot performs all trading operations on its own. Therefore, such earnings can even be called passive. Semi-automatic ones only analyze the market and give their owner a signal for a successful entry into a trade, and the trader has to make a decision. Such systems can be compared to signal indicators. |
| By trading style | As you know, each trader chooses the most suitable trading style and conditions for himself. There are scalpers or only those who trade on the news, as well as trade on the trend and pending orders. It's the same with robots. Each of them is designed for a specific setting and style. |
| By the size of the deposit | Depending on the type of account. There are works for cent and micro accounts, as well as those designed for trading in large volumes. |
Today you can find many different programs for working on Forex on autopilot on the Internet. They can be downloaded for free, there are also paid ones. There are even special sites where trading programs can be bought together with other traders. Programmers can write a personal robot according to customer requirements. Many professionals learn a programming language and write their own automated trading systems. However, there are some proven programs that no trader uses with success, and most importantly, they are widely available.
Greedy advisor.
Surely everyone, even a beginner, has heard about the Martingale system, which implies constantly doubling the lot volume after a drawdown in order to cover the loss and get more profit.
This Forex is on autopilot and works according to this system.
This system can both accelerate the deposit in a day and bring up to 50% profit from it in one trading session, or completely reset the trading account in a matter of hours. However, some risky traders continue to use it with success. It is not suitable for long-term work, but it can be used as a tool for a quick exit from a drawdown.
LimitOn Advisor.
This is a trend robot, but it is designed to work not on a strong trend, but rather on a minimal one, and, according to the developers, will help to get a fairly high profit.
It works according to the following principle: it finds and fixes local extrema, after which it opens several positions for each of them.
It reacts to bounces, corrections and false breakouts, thanks to which it brings profit. But it should be borne in mind that such a program is paid, and its price is not suitable for all beginners. Can be purchased together with colleagues.
Trend scalper
This system is classic and trendy. Its main function is the ability to accompany transactions from opening to the moment of price reversal and to respond to such conditions. Profit is fixed automatically, after which the system is rebuilt to search for a new trend.
This robot can work on almost all currency pairs, but best of all on those with high volatility. Able to work on any timeframe from the shortest to 1 week or more.
However, this tool will be absolutely useless if the market is in a flat. A great option for beginners who are learning to make money on the trend.
The settings depend on the robot and the requirements for it. Therefore, developers usually provide clear instructions for their programs.
Important! Before the robot works in real market conditions, it must be tested on a demo account. Various situations may arise, up to the fact that an error was made in the algorithm, and the robot will not be able to function normally.
Most often, traders work on the MetaTrader4 platform. Installation is quick. The robot must have the following permissions:
- .ex4;
- .exe.
First you need to download it. After that, you need to move it to the folder with the client terminal. To do this, in the platform itself, you need to select the "File" - "Open data directory" option.
Data catalog.
A window will appear, in it you should open the MQL4-Experts folder.
Expert folder.
This is where the Expert Advisor is moved, as well as additional files, if any. After that, the platform needs to be restarted. In an open terminal, select "Service" - "Settings". In the "Expert Advisors" tab, check the box and click "OK".
Settings for allowing automatic trading.
On the left side of the terminal there is an option "Navigator". In it you can find the "Expert Advisors" tab. Select the required program from the list and drag it directly onto the chart, with the required trading instrument and timeframe.
After that, the "Settings" window will open, where you should define the correct settings for the advisor. A smiley face should appear on the graph, indicating that the program is working.
Installed advisor.
If this does not appear, then you need to right-click on the chart and select "Expert Advisors" - "Properties" - "General" from the menu. And put all the checkboxes, as indicated in the screenshot.
How to check the boxes.
All technical tools provide some benefit. But do not get too carried away with them, no one canceled the human factor, and Forex automatic trading is not a panacea, but only an auxiliary element to increase profitability. And robots should also be taken seriously. It is important to remember that there is no such robot that gives 100% result and profit without drawdowns.
It doesn't matter if you are a beginner trader or an experienced one - for sure a question has arisen in your head: "Is it possible?" Is it possible to simplify currency trading without spending a lot of time in front of the monitor, waiting for the best moment to open a trade? So as not to worry, the deal will be closed in plus or minus. So that my eyes do not get tired and my back does not hurt from sitting for a long time in a chair. For someone or something to do all the work, or at least part of it for us. Really? And how!!! But automatic Forex requires not only capital, but also knowledge, as well as your correct actions. Let's get started!
Types of automatic Forex
We will assume that automated Forex is trading with our minimal participation or without us at all. I would also like to have a high profit expectation. Consider what the Internet can offer us today.
1.
investing in PAMM accounts.
2.
copying transactions of other traders.
3.
mechanical trading systems.
4.
investing in other traders or funds.
Each of these methods has its own advantages and disadvantages. Our goal is not to put all the eggs (money) in one basket, minimizing the risk of losing them.
Investing in PAMM accounts
An investor invests his money in one or more PAMM accounts, which are managed by experienced traders. Non-trading risks are completely excluded. You can only lose all your money if you trade aggressively. If you distribute the funds correctly, the possible loss of part of the funds will be compensated for by profitable trading on other PAMM accounts.
Today, the most popular PAMM accounts of brokers Alpari, InstaForex and Forex4you.
Copying deals of other traders
The most famous services for auto-copying transactions of other traders to your account are Share4you from a Forex4yu broker and InstaCopy from InstaForex.
The bottom line is that transactions of other traders are copied on your account 1: 1 or in another proportion, depending on the size of your deposit. You pay a certain amount to copy a trade, expecting that the profit from the trade will cover the costs.
When choosing a trader, pay attention to the stability of his trade and the lifetime of the account. You can copy transactions from an account showing 50-100% of profit in 2 weeks, risking also quickly draining it, or you can make a stable 10-15% per month on a decent capital. The choice is yours.
Mechanical trading systems (MTS)
Trading advisors have been and remain the “holy grail” of automated Forex trading. Perhaps the most common way to automate trading. The problem is one - a truly profitable Expert Advisor costs $ 100-500. This means that he should not even trade for $ 1000. The costs of a dedicated server (VPS), although small, must also be taken into account.
Ideally, it is better to use 2-3 Expert Advisors or more to compensate for the possible losses of one by trading others. The average profitability of advisors ranges from 5 to 30% per month. Risk issue - the higher the profit, the higher the risk of losing money.
Many EAs today continue to use the Martingale method in one form or another. Good or bad is hard to say. One thing is clear - if used correctly (calculated), it can be profitable.
Investing in other traders or funds
Unlike PAMM-investment, non-trading risks have been and remain the No. 1 problem in this type of investment. To mitigate risks, the following factors need to be considered:
1.
the lifetime of the fund (trader's trade) - the longer, the better.
2.
evidence of successful trading - monitoring or at least statements.
Automatic trading (Auto trading) in Forex- this is another option for investing in the forex market, which is completely different from either investing in projects like or. The essence of this investment method is that an investor opens a trading account with a forex broker and connects to a trading account through one of the auto trading platforms the account of a professional trader, after which all actions of a professional trader are automatically copied to the investor's trading account.
This investment scheme has both a lot of advantages and not a small number of disadvantages.
Due to the fact that such an investment scheme has nothing to do with trust management, there are no legal issues related to the transfer of an investor's money or his trading accounts to management.
As a consequence, this method of investment is very popular in the countries of "developed capitalism", because any option for transferring funds into trust in these countries is associated with a huge number of restrictions and, above all, with restrictions on the minimum size of the investment amount. And with the use of auto trading, such restrictions lose all force, since technically, there is no talk of any trust management or transfer of investor money, and you can use auto trading platforms with a minimum amount of funds on your trading account.
The scheme of work of social trading in forex
Usually there are 4 actors in the auto trade:
- Traders are professional (or not so professional) participants in the Forex market, whose trading accounts are connected to the auto trading system.
- Auto trading platform is an independent Internet project, the main link in auto trading. Auto trading systems organize the search and connection of trading traders, negotiate with forex brokers about the possibility of transmitting trading signals to their clients' accounts and broadcast traders' signals to investors' trading accounts.
- Forex brokers are companies in which investors open accounts to which traders' trading signals are broadcast.
- Investors are end users to whose accounts the trading signals of traders are copied.
Schematically, the process of transmitting trading signals from traders to investors is as follows.
The main link in this scheme is the auto trading platform, which unites investors, traders and forex brokers into a single trading network.
I will list the most popular auto trading platforms below, but here I will immediately notice that some forex brokers create an internal mechanism for copying transactions for their clients, but I don’t remember anyone succeeding in developing this idea well, because individual developments of forex brokers in this direction are not becoming popular - inside a forex broker, they are still more successful solutions. Therefore, the systems for copying transactions existing within one broker, I do not refer to auto trading platforms.
The main raisin of the work of auto trading is to unite traders and investors who prefer different forex brokers, thus multiplying the potential number of both traders and investors who can connect to a single automated trading platform.
Benefits of social trading
Since auto trading in Forex is essentially an alternative to investing in PAMM accounts, a comparison of auto trading and PAMM accounts is inevitable - accordingly, I will often focus on the pros and cons of auto trading in relation to investing in PAMM accounts.
- Lack of non-trading risks. In PAMM investing, on the contrary, if an investor is interested in a specific PAMM account, then in order to invest in this account, the investor needs to put an investment deposit into the account of the same forex broker where the PAMM account is located. ... At the same time, it often happens that the investor likes the dynamics of the profitability of the PAMM account, but the investor does not want to contact the Forex broker on which the PAMM account is opened. Auto trading does not have this problem, since the funds of the trader and the investor may be on the accounts of different brokers. At the same time, an investor investing using auto trading can close all transactions and withdraw a deposit at any time; when investing in PAMM accounts, this opportunity is often absent, since there is trading interval- a period of time during which the investor either cannot withdraw his funds, or can withdraw them with a fine.
- The ability to manage risk through trading volume management... An investor can also copy trading signals with any volume - adjusting trading risks to the level he needs. This is a very important difference from PAMM accounts. The biggest problem of PAMM accounts is that the manager is fully responsible for the level of risk, but at the same time the acceptable level of risk for each investor is different - as a result, it is not uncommon to find PAMM accounts that show very high-quality trading and have a very high rate of return / risk, but investors still do not invest in these accounts - the fact is that due to the low load of the trading deposit, such PAMM accounts have a very low final profitability. I separate such accounts separately, but do not invest in them, since in fact the money is invested these accounts are ballast and do not work.In auto trading systems, the investor himself can adjust the level of risks by increasing or decreasing the level of the deposit load. Thus, trading signals of any trader can be turned into both a conservative investment option and an extremely aggressive one by controlling the volume of copied trading operations.
- Ability to copy trading signals of different traders at the same time. Having opened just one trading account, an investor connected to the auto trading platform has the opportunity to connect to the trading signals of any number of traders, thereby opening up unlimited opportunities for his subscription portfolio using a single deposit, the size of which can be controlled. PAMM portfolio is impossible, because to invest in a separate PAMM account, you need to create a separate investor account linked to this PAMM account - which is not very convenient.
As we can see, investing using automatic trading in the forex market is devoid of many of the disadvantages inherent in investing in PAMM accounts, but unfortunately, auto trading also has more than enough disadvantages.
Cons of social trading
- Lack of direct motivation of the trader in making a profit by the investor... In my opinion, this is the biggest problem of the existing auto trading systems. The fact is, when implementing an auto-trading scheme, a trader does not receive income in the form of a percentage of the investor's profit - the trader either receives a fixed fee for the fact that they were connected to his signals for the purpose of copying, or the trader receives a fee for each transaction copied by the investor from him. the trader has no direct motivation for the investor to make a profit. It is important for a trader that the investor connects to him in order to have additional profit from the investor after connecting. But in order for an investor to connect to a trader, a trader must show a good trading result, so that the investor believes that by connecting to a trader he will earn. And after connecting, it doesn't matter whether the signals bring profit to the investor or not - the trader still gets paid for all the signals. On the other hand, there are often such traders who show good profitability, perform additional trading operations, which leads to the fact that the investor's profitability indicators decrease, and the trader earns more. In my opinion, this is the most serious problem in auto-trading in Forex. since if members of the same team have different goals, then it is rather difficult to achieve one goal.
- Not all traders are ready to share their trading signals... Traders do not like to be able to “steal” their trading ideas. After all, it is not so difficult to connect to the trading signals of a trader with a minimum lot through the autotrading platform and then relay the received signals (for which a penny is paid) to a trading account that is no longer tied to the autotrading platform - thereby making money with someone else's hands while “not overpaying”. the thought of such "machinations" discourages a large number of traders from connecting their trading accounts to auto trading platforms. For such traders, of course, PAMM accounts are ideal, where the manager is not obliged to disclose his trading history to investors.
- The complexity of the investment process... Investing using auto trading is not suitable for all investors, because This requires at least basic trading skills in the Forex market. Investors who do not have experience of independent trading in the Forex market will not be suitable for this investment method, because It will be extremely difficult to understand the intricacies of setting up trading accounts and setting up subscriptions to trading signals. Investors who have had experience of trading in the forex market will be able to cope with this investment tool. For investors who do not want to get involved in trading in the forex market this method really not suitable, ideal for such investors, with whom you can work on a "put and forget" principle.
It seems that I have considered the main pros and cons of investing using auto trading systems. Probably, I have not covered all aspects of auto trade, but the main aspects are covered exactly.
Now you can go to a brief overview of the main auto trading platforms.
A brief overview of popular and promising auto trading platforms
ZuluTrade ()
By far this is the largest and most popular auto trading platform. In addition, this site is the oldest of the popular auto trade sites existing today.
The total volume of simultaneously open trades of investor-subscribers at the time of this writing exceeds $ 621 billion - a huge amount, if you translate it into trading lots, you will get 6,210,000 trading lots (for reference, having a deposit of $ 1,000 is not recommended to trade with a volume of more than 0.2 trading lots).
Two years ago, when I first learned about ZuluTrade, the volume of simultaneously opened transactions was 10 times less than now, which indicates the rapidly continuing growth in the popularity of this auto trading platform.
Payment for trading signals: when trading, the spread is extended by an additional 2 points
Number of traders available for subscription: >1000
: >50
MetaTrader ()
Recently, the developer of the world's most popular terminal for trading in the forex market, MetaQuotes, has entered the forex trading signals market. The company has implemented in its terminals the ability to transmit and receive signals between absolutely all MetaTrader terminals. You can connect to trading signals through the company's website www.mql5.com.
In general, the service is still young, but its potential is not limited. In fact, the company connected at least 50% -60% of all speculators in the Forex market to its auto trading platform at one time, but there were not so many traders willing to sell their trading signals.
Payment for trading signals: fixed cost monthly subscription
Number of connected forex brokers: all forex brokers using the trading terminal MetaTrader.
Myfxbook AutoTrade ()
Initially, myfxbook is one of the most popular independent services for monitoring trading accounts, which has earned traders recognition for its user-friendly interface, high-quality statistics of trading accounts and several convenient additional services related to the Forex market.
And only this year, the service began to provide an auto-trading service for investors, which in my opinion is very correct - after all, this service had access to the trading accounts of a huge number of traders for a long time. Now, traders who monitor their accounts on myfxbook just need to tick one box and their accounts will become available to investors for copying signals - which is what traders are quite actively engaged in. Unfortunately, the choice of forex brokers is now such that investors from the Russian Federation and the CIS countries have trouble connecting to the trading signals of this site. But the service obviously has potential.
Payment for trading signals: registration of trading accounts connected to myfxbook via affiliate links of the service
MyDigiTrade (official site)
This autocopying platform has been around for a long time, but has always remained in the shadow of its more successful competitor ZuluTrade.
Payment for trading signals: registration of trading accounts connected to MiDigiTrade via affiliate links of the service, but some brokers also widen the spread
Automatic trading in financial markets has long passed from the category of fantasies to the plane of the reality of trading. Trading robots are used not only by private traders, but also by large financial institutions such as banks and investment funds.
Many banks trust their robots large capitals, for example, the Swiss UBS is one of such "financial monsters". It is not surprising that private traders have also actively taken up the automation of trading processes.
Automatic trading of binary options is the process of concluding deals according to a particular strategy without the participation of the owner of the trading account. How justified is this trading method?
It is known that automated trading has the following advantages:
- there is no influence of emotions on trading;
- the routine process goes to robots;
- automatic systems do not make psychological and mechanical mistakes;
- saving the trader's time.
The situation with automated trading systems
There are still few options for automatic trading on the binary options market, but the first worthy examples are already appearing. Traders who want to make money without making deals on their own will also have to spend time and effort to find a worthy option among robots.
Many traders have already burned themselves on some systems, for example, UBot. Not all robots skillfully fulfill their duties, however, like indicators and strategies for manual trading, so it is better not to use the first option that comes across.
Of course, over time, the number of "automatic machines" on the market will increase, but I hasten to warn you, dear reader, that a novelty is not always a good choice. Strategies that have proven themselves in the best way over a long period of time are valued much higher.
Automatic trading with 24BOT
Nevertheless, it is already quite possible to find a quality service with automatic trading in the binary options market. The most efficient "robot" currently on the market, in my opinion, is 24BOT.
http://24bot.info - the official website of the 24BOT service.
It would be more correct to call 24BOT not a trading robot, but a service for automatically copying transactions to client accounts. The source of signals is the best traders of the licensed international broker OptiTrade24.
How to start working with the service:
- the first step is the registration process for 24BOT service website, at the same time, a new trading account is opened with the OptiTrade24 broker (only deposits with OptiTrade24 will be suitable for working with 24BOT, moreover, those registered through the service website);
- then the standard procedure for replenishing a trading account (the minimum deposit at OptiTrade24 is $ 250);
- by logging into our personal account on the website of the automated trading service, we can configure the operation of the system.
24BOT are the official partner of OptiTrade24, which can be verified by contacting the manager of the brokerage company. The client's trading account is registered with OptiTrade24, and the automated trading service does not have access to traders' funds. 24BOT only selects the best specialists (whose transactions are copied) and automatically repeats the actions of "donors" on the deposits of its clients.
After setting up the service, just click on one button and transactions will be copied to your account. We ourselves set the size of the options value, as well as the maximum number of positions that can be opened at the same time.
Results of work with 24BOT they turn out to be very decent (you can find them in the review of the service - the link above), at least after 3 weeks of trading I am satisfied (more than 200 transactions were made, so we can already talk about statistics). Perhaps you should not rely entirely on automated trading alone, but this is a good option both for diversifying risks and for those who are still learning to trade themselves, but already want to make a profit.
Working conditions with an automatic copying system:
- a trading account with OptiTrade24, opened through the 24BOT service;
- copying transactions for the first 14 days is free (then $ 99 per month).
Perhaps, of all the options for automated trading in the binary options market, 24BOT is the best. In this case, signals are generated not by robots, but by experienced traders, all of whose actions are copied to subscribers' accounts.
