Binary options trading is currently experiencing rapid growth, which is also due to the fact that providers promise fast and simple earnings. But the bureaucracy trade is risky and successes there Social Trading not can not be realized without the right know-how. This is where the so-called trading bots come into play, with which even beginners can achieve high profits during trading. So the promises of the providers.
One of these providers is the broker OptionBit, which provides its trading bot “Algobit” at no extra cost. The only condition is that traders open an account and make a use Copy Trading the minimum deposit. This is currently 200 euros. How the system works, whether it can generate really high profits and from which experiences the traders report, the following contribution provides information.
Table of contents
Operation and application areas of the Algobit
Like also 24option scam work many other trading bots, the Algobit uses its artificial intelligence to generate trading signals, with its operation based on a sequence of trends, including market volatility. For example, the program has an autotrade function, which is mainly focused on trading with stable trends within a day (“intraday”), when news from politics and business is published. This makes it possible to trade the determined trend of an asset (basis value) with binary options. The trader can go up to five times again and again into the trend. The system then checks whether the trend is still intact. If this is the case, a call or put option is automatically posted depending on the trend direction.
A to sneak a peek at this web-site. new position will only be opened by the Algobit if the previous position has made a profit. If a loss occurs, the series is terminated. Traders are to be protected against say anyoption scam day losses. A further loss guarantee is to guarantee a security feature, the profit earned from the second trade is reinvested, whereby the initial investment should be maintained if the first trade does not lose.
Regarding the fields of application, it can be said that the Algobit can be used in different ways by the traders. Although many traders want a fully automated trade, however, no program operates fully automatically over a longer period of time. Finally, the trading bot always needs new instructions, as the markets are constantly changing. The Algobit can be used as follows:
The Algobit is supported by a large chart, which automatically switches between the individual assets. To select an asset, the program provides an analysis button. Afterwards, the assets with the highest success rates are displayed.
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Risk and Criticism
In principle, no trading bot in this world can offer a risk-free trading or guarantee profits. Although the program is constantly providing trade signals, there is no guarantee that the booked positions will also generate profits or that the trading signals are “right”.
If you are promising a high level of accuracy with a Trading Bot, then most of the trades are related to a lot of trades in a day that has been automated. It is self-evident that positions in the money also end up here. Less is reported about how much capital was spent and how many trades were executed over time. A clear statement of profits and losses is generally not made. For that Plus500 scam I this reason, experts recommend a careful handling of trading bots.
Most traders, especially professionals, are accustomed to setting their trades on the basis of different trading strategies.