AutomatedBinary Software Review

The number of scams in these binary option robot streets is mind boggling. In the past, binary option brokers were the main culprits and the subjects of thousands of complaints from traders everywhere. That situation changed with the strict regulatory laws instituted in various jurisdictions, effectively locking out the crooks. As with any other industry, there are still some crooked brokers out there but the number has significantly decreased, thanks to the constant insistence of sites like ours that unregulated brokers are a no go zone. As chance would have it, the con artists moved over to automated trading systems, which hold huge potential for making money, albeit illegally and often to the detriment of traders. These systems, also known as automated binary option traders which operate by signals, are very popular despite the fact that there is no regulatory authority in the world involved in regulating sites offering the services. That said, we are committed to bringing back sanity to the binary options trading industry and ensuring no traders lose their hard earned money in dubious circumstances.

A lot of people have written to us asking for a full review of Automated Binary trading software and we did exactly that. And as usual, we pulled no punches. We went in, scooped whatever information we could find and laid it bare. If Automated Binary and its creators was legit, this could have resulted in a business-closing lawsuit. Oh well.

Get the automated binary trading software for free by clicking on the button below!

automated binary main page

automated binary homepage

Automated Binary Trading Sofware

Automated Binary, as the name suggests, is an automated binary options trading software that generates money for traders without them having to raise a finger. Or something like that. Talking about softwares, Automated Binary is a web based software which is tech lingo for a software that can be accessed online without the need for downloading. Of course in 2016, nobody cares much about downloading unnecessary softwares, much less from unknown websites. Fortunately, there are no such worries as far as Automated Binary is concerned. All you need is your PC, or Smartphone, and an Internet connection – cellular or WiFi, and you’re good to go.

Automated Binary is a free software, like almost all auto trading softwares are, although you have to deposit some cash (usually around $250) with a broker to begin trading. Fortunately, we didn’t see any stupid sales video featuring some corny actor pretending to be the developer and giving all sorts of (false) promises. Most – in fact, all – of the sites which have these promotional videos are scams which is not that hard to miss if you listen to the content of the videos. AutomatedBinary gets a point and a half here, if not for anything else, for at least having the decency to market the software using well crafted words on a professionally done website. For once we didn’t have to watch a painfully long video showing hired cars and borrowed apartments which, apparently, could be your lifestyle if you made the ‘right choice’ and chose the particular software.

Another thing we noted about Automated Binary that is different from the usual sites is that there is very little information about the owners. We didn’t see anyone appearing anywhere on the site claiming to be the brains behind the auto trader and giving all sorts of reasons why we should sign up. Those are just some of the things that are (or should be) obvious to everyone. Below are the other finer details about Automated Binary that we thought you should know.

automated binary configuration

How it works

Commendably, the site is very straightforward on how the software works and steers clear of ambiguous statements which are very common nowadays. There are no “new secret algorithm” mentions neither are there guarantees on the amount of money you should expect when you sign up. Basically, Automated Binary uses a variety of the best technical indicators to derive signals which are then utilized by super-fast algorithms, to take advantage of the often underrated power of time in trading. Above all, traders are very much in control of everything the software does. This is possible due to the wide range of settings and controls available. These allow traders to control everything from the number of trades executed in a day to the number of indicators used to create signals and even to the amount to be put on each trade.

On the technical aspect, Automated Binary does not follow a uniform trading strategy and how the software trades are dependent on individual traders choices. There are several trading methods, which will be discussed a bit later, that traders can choose from depending on how much profit they want to make, over what period of time and most of all, the level of risk they are willing to take. This is often a great choice because no two (or three, or four) traders are the same, either financially or in temperament. There are those big moneyed traders who won’t have a problem with wagering $500 dollars for possible payouts of about $1000 even if they are 80% more likely to lose their investments. In the same breath, there are the type of traders, mainly newbies and green traders, who don’t have much to trade with and certainly can’t afford losing their whole deposits. These prefer making slow but consistent profits with low degree of risk to the fast profits which usually come with astronomical risks. AutomatedBinary.com get one more point here. Inclusiveness and diversity of product choices always wins in business.

automated binary algorithms

Getting started

Opening an account and commencing trading using Automated Binary is very easy and shouldn’t take you more than 30 minutes at most, unless your Internet is faulty. Account registration at Automated Binary is only a matter of giving your name and address details and setting up a password to keep your information secure. After that you will be redirected to the broker selection page where you get to choose your favorite broker among the 10 or so brokers listed. This part should be easy but due to lack of information, many traders have difficulties getting the right broker which is partly their fault. Anyway, after getting started with the broker account, you can deposit any time you want. Note that the deposit methods supported by most brokers are a bit slow and it would be best to make the payment a few days before the day you intend to start trading. This allows for enough time to get the deposit processed and to ensure that any issues that might arise are sorted out.

After getting the deposit done, it is now up to you when to begin trading. To activate the software started, select Auto Trade on your broker account’s UI then go back to AutomatedBinary.com to set the trading parameters. These include:

  • Trading methods – Whether Fibonacci, Classic or Martingale.
  • Value of each trade.
  • Maximum number of trades per day.
  • Type and number of technical indicators.
  • Trade expiries.
  • Type(s) of assets to be traded.

AutomatedBinary.com is one of the few sites which give traders absolute control over the whole trading process. Others take away the control (and thereafter the money) from traders after feeding them a bunch of lies. We confirmed that the settings actually work although the site tries to influence your choice of features through promotion which is not surprising as businesses have been doing that for the longest time. We urge you to desist from choosing any feature recommended by the site just because it was recommended. Do your own independent research and most of all, choose what fits you plans.

Associate Brokers

Earlier on, we mentioned that the second and most important step in the registration process is the selection of a broker after which comes the deposit (usually followed by the bonus) which is the money you will use to trade. To give you a clear picture of what to expect, and what AutomatedBinary.com stands for in general, below are the site’s associate brokers:

  1. Binary Tilt
  2. StockPair
  3. Banc de Binary
  4. 24Options
  5. Empire Option
  6. Binary Book
  7. Skyline Markets
  8. Tropical Trade
  9. Bloombex
  10. Opteck

As you can see, these are the biggest brokerage firms in all of binary options and the ten of them have a combined market share of more than 50%. What more, all the brokers listed above are registered and licensed by CySEC as well as other credible bodies such as FCA and European Union. This shows that all of them have been given a clean bill of health by the relevant ‘doctors’ and are less likely to affect your financial health negatively. If at all there is any possibility of losing your money while trading with Automated Binary, best believe it would be as a result of the software’s inefficiency and not the broker’s fault. And according to what we know, Automated Binary is anything but inefficient.

automated binary forex pairs

Demo account

Before trading with your real money, it is often a good idea to familiarize yourself with the features and functions of an auto trader. This is very important as it gives you a clue on what to expect when you will be doing it with your real hard earned money. Some sites have demo versions whose features are identical to the ones on the actual version. The only difference is that real money is required to trade in the real version while the demo uses virtual money, often provided by the site. AutomatedBinary.com have a demo version available to everyone who visits their site. The only condition is that you have to open an account as you would when using the real version. Also, the brokers are virtual and opening broker account is not necessary. Basically, you get $50, 000 in virtual money when you open the demo version. You are supposed to use this money with as much care and frugality as you would your real money. This is pretty easy since the software will place all the trades for you. It is worth noting that you won’t be able to access the demo version once your account balance gets to zero. Nonetheless, we learnt long ago not to trust demo versions as far as trading systems go as they don’t give a clear picture of how these systems work and in most cases, players end up disappointed and broke when they realize that the software isn’t half as good as shown on the demo version. The best way to get to know your way around an auto trader is actually trying it out. You can do this by setting the lowest investment amount for each trade and keeping the number of trades to a minimum. Or better yet, ask about it from people who have been there, done that. In that case, we are always here for you.

How accurate is Automated Binary?

This is a question we get asked a lot, more so than about any other feature. And we perfectly understand it – knowing how efficient an auto trader is helps you align your financial goals properly. Automated Binary is 85% accurate in normal circumstances, which is perfectly within the acceptable accuracy range and way above what you will find in most auto traders. Granted, it is not the very best in the market but very close to it. Nonetheless, considering that the average broker payouts range between 70%-89%, the software will certainly earn you enough to make up for the losses. Of course, the accuracy will decrease or increase depending on events on the market calendar and/or unprecedented occurrences such as terrorist attacks or amalgamation of several powerful companies.

So, how does Automated Binary achieve a level of accuracy that most auto traders don’t? Well, it all boils down to the signal production methods as explained below.

Indicators

Automated Binary is able to generate its signals from combining up to 6 technical indicators, in addition to the usual technical charts and graphs. These indicators are also used in other types of financial trading, in particular stock trading. As with any other function, traders get to choose what type of indicators to use. They also have the option of choosing which combination of indicators they would want the system to get signals from. Basically, the minimum number of indicators that can be selected is 1 while the maximum is at most 6. This choice mostly depends on the type of asset you’re trading in and the expiry periods involved. The following are the technical indicators used:

  1. Relative Strength Index (RSI)
  2. Williams Percentage Range Indicator
  3. Commodity Channel Index (CCI)
  4. Stochastic Oscillator
  5. MACD (Moving Average Convergence Divergence)
  6. Trend Indicator

Note that each indicator works in its own way and has its pros and cons, like everything else in the world. For instance, Williams Percentage Range and Stochastic Oscillator help determine overbought and oversold conditions; the Relative Strength Index measures the speed and momentum of an asset relative to its price movements. For best quality signals, combine several indicators or even better, choose all the 6. That way, the shortcomings of one of one will be compensated by the strength of another. Also, according to AutomatedBinary.com, no signal is sent until all the selected indicators show the same direction. For a CALL option to be bought, all the indicators have to produce CALL signals. Now you know where the 85% accuracy comes from.

automated binary brokers list

Money Management methods

We mentioned earlier that Automated Binary gives you a chance to choose the trading method you want the software to follow when placing trades for you. These are also known as money market methods and are three in total as discussed below:

a) Fibonacci

Developed by mathematician Leonardo Fibonacci centuries ago, Fibonacci is regarded as the most accurate money management method. Basically, the method uses a numerically sequence from which a ratio, known as Golden Ratio is derived. It is widely believed that some numbers, such as those in the Fibonacci sequence, repeat themselves after a certain period. Thus, if the correct figures are used, this method can be used to predict price reversals. As a matter of fact, stock and forex traders have been using Fibonacci for decades to impressive results. However, despite being hugely accurate, Fibonacci method carries a higher degree of risk compared to the Classic system and is unsuitable for newbie traders with limited experience.

b) Classic

This is the usual system of trading where the same amount is invested in every trade, no matter the outcome. There are no particular benefits of trading on the Classic system except the lower risk level. The returns are much lower than in all the other trading methods and so are the potential losses. As it is, you won’t get rich using the Classic as the returns are minimal. On the other hand, you won’t get broke either so it’s a win-win. This method is recommended for beginners and basically every trader who prefers slow but sure type of trading.

c) Martingale

Also known as the Compound System, Martingale is hands down the riskiest (and most rewarding) money management system. Gamblers have been using it for decades. Wall Street too liked it. Basically, this system works on the concept that doubling your investment after every loss will make up for the loss(es) when you finally get a win. The compound system follows no mathematical formula and is all about playing around with luck. This is for the traders who like some adrenaline-fueled trading laced with the sweet possibility of getting some huge payouts that could move them to a higher social status. While trading on Martingale, large deposits are required as investments per trade keep doubling (while others get lost) frequently. Newbies are advised to avoid this system unless of course they have used it before or have some extra cash that you wouldn’t mind losing.

Asset Index

Unfortunately, Automated Binary doesn’t have a diverse asset index which limits the trading possibilities. As it is, the software only places trades on select currency pairs. This consists of the most widely used currencies in the world such as the USD and GBP. The following are the currency pairs that the software will help you trade:

  • EUR/USD
  • GBP/USD
  • AUD/USD
  • USD/CAD
  • USD/JPY
  • EUR/GBP

The above currency pairs are the most powerful currencies in the world and their values often rise or fall when major events happen.

Expiries

Different assets require different expiry times, which is often dependent on their volatility. Currency pairs are best traded on short expiries due to their high volatility. As such, all the expiries available are short term in nature. Basically, there are 30 seconds, 60 seconds, 90 seconds, 2 minutes and 5 minutes expiry times available at this time. As it stands, the software cannot place trades unless your browser is turned on, supposedly for security reasons. Hence the short expiries will not inconvenience you in any way as even before you reply to a Facebook message, a trade has already been placed, matured and closed.

automated binary

Conclusion

From our experience with Automated Binary and what we know about scams, we can authoritatively say that the software is not even close to being a scam. Everything from the website to the social media pages is professionally done, a clear indication that the owners are serious about what they are doing. We also liked the calibre of brokers given as options – we confirmed that all of them have CySEC licenses and very positive reputations. Most of all, we didn’t see any negative comments about the software anywhere on the Internet. Well, there are a few here and there, but the general consensus across the board is that Automated Binary actually works. Is it an auto trader we would recommend? Hell yes.

Get the automated binary options trading software for free by clicking on the button below and learn how you can make money while you sleep!

Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.