Binary Options Robot is the most used automated trading software in the world. Most experts are calling it “the next generation of web technology” that trades completely by itself. This binary options trading software brings great trading experience to all traders. This article talks about Binary Options Robot settings and optimization of trading preferences.
Binary Options Robot Settings for Beginners
Binary Options Robot claims to be ideal for traders without binary trading experience. Binary Options Robot is able to trade without much effort from traders side. Once a trader has registered with Robot and deposited with a broker, the process of auto trading should be very easy. Binary Options Robot says that the best settings are those settings that will perfectly fit trader’s requirements. There are no perfect Binary Options Robot settings because each trader has its own demands and settings will be different for each trader.
If you are beginner in automated binary options trading, there are few directions that will help you understand how Robot is trading. Robot has a few helpful settings that can be managed according to your needs. Firstly, traders can decide if they want Robot to auto trade on “Active Trading” button. If turned off, this feature will stop Robot from auto trading with any broker. As long as you don’t change this, Robot won’t be trading.
Binary Options Robot Settings Are Managed on Dashboard
When you log in to your Binary Options Robot profile, all settings will be available on Binary Options Robot dashboard. Traders can change settings for each broker separately. For example, traders can choose to trade with one broker and they want to stop trading with other broker they have deposited with. They simply need to click on Active trading for broker no1 and check if it is activated, and the same thing will be done for broker no2 , except it has to be turned off.
Usually, the more assets are activated, the more opportunities will Robot have for auto trading. Traders can have all assets turned on if they believe that mathematical algorithms are generating binary signals for all these assets. If the Robot has all assets activated, it will trade the best possible option. If the assortment of assets is smaller, Robot will have less trades.
Daily Stop Loss Feature
Binary Options Robot lets you decide what will be the highest amount of investment that you are willing to spend in one trading day. This number will vary, depending on your preferences. This number is also depending about second feature that you have to set. The main purpose of Daily Stop Loss feature is to let you decide how much you want to spend and to easily monitor your investments. Also, if you don’t want to restrict Robot from daily limit, you can just leave the field empty and Robot will trade without any limitations.
Binary Options Robot settings offer “Trade Amount” feature that will define how much do you want to invest per one trade. For example, if you have decided to spend maximally 100$ in one day, then the right trading amount would be between 10$ and 25$. If you put 50$, Robot will only have 2 possible trades. If you set Trade Amount to 1$, it doesn’t mean that Robot will have more trades so the lowest parameter isn’t always the best solution.
This trading feature will define the highest number of trades that can happen during one day. Traders can choose between one, three, five, ten and All option. In our case, where we have set Robot to invest maximally 100$ in one day, we can limit Robot to trade All trades because it will stop trading after it reaches 100$.
Reverse Trading Option – this feature is still not available due to technical update of Binary Options Robot
Traders also have opportunity to trade against the Robot with the help of the “reverse trading”. It works on a very simple method, Robot is trading the opposite of Robot’s signal providers would trade. This feature is available for all brokers, so trader can trade reverse trading with one or more brokers on the same Binary Options Robot dashboard.
After a while, traders will have a feeling and they will change settings depending on their own preferences. Binary Options Robot is the winner of many awards because of many innovations it has introduced over the last few years. Also we have recorded insanely high number of traders that started using Binary Options Robot, and because of that they are proud owner of FBO Trader’s Choice Award in 2015.
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