Best Option Robot 2017 Guide and Strategies

The world of binary option signals and binary option robot trading has moved to a different level in the past couple of years. It has also made it difficult to find the profitable way to make money not only for the naïve traders without any automated trading software but also for the seasoned professionals. If you have been our subscriber and have been reading our reviews on a regular basis than you would have known by now that we have stringent rules in place to review the best binary options brokers or a software. After spending so much time in the industry and having reviewed several hundred websites, we have come to a conclusion that there is no stopping to the cheaters and they sprung up every now and then to spoil the binary market. Hence, it becomes even more important that we stick to the regulated and legit operators like IQ Option for our binary trading journey.

We have been recommending Option Robot for quite some time because of its operational efficacy and array of legit broker affiliations. Also, it has been very consistent in its overall signal performance. The software has been successfully generating winning opportunities for their clients. Several of recent emails has been regarding the most appropriate Option Robot settings in order to make the most profit and hence, we discussed with many of our readers to gain the first-hand experience and understand what works well and what not. Please read on to know more about our findings and the importance of strategizing.

Option Robot Settings, Strategy, & Guide

You would agree that any financial instrument trading requires discipline, research, consistency, and above all strategy to make it a winning trade. Most of the failed traders in the binary options have shown utter indiscipline in the market and have invested through their emotions rather than investing on sound fundamental research. The failed lot has also been very consistent with their inconsistency, and also, they don’t have any vision to follow and no strategy to back their decisions. The failed trader’s mentality teaches us lots of important aspect of the trading including the importance of research, discipline, and strategizing every trade with a clear-cut goal and risk-management.

The above paragraph makes it clear that in order to not-to-fail miserably, you must have a sound strategy in place otherwise even the best of the best software will not save you from going bankrupt.

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We don’t want to scare you but ensure that if you have such traits then you make the necessary changes in your trading habits. The selection of a right or rather profitable settings is also a part of the overall strategizing. So keep your pen and paper ready and in any doubts, read again or mail us to clarify.

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1Sounds great, where do I get a Binary Option Robot?
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2Open a Binary Option Robot Account
I recommend that serious traders, open a number of different accounts with the different Binary Option Robots, listed. The reason for this is simple: anyone with knowledge of the market understands that you must spread your risk over as wider area as possible, no matter how good the system, if you put all your eggs in one basket, you run the risk of losing everything. Thus, as with everything else, you should spread your risk over a number of Binary Option Robots, to maximise potential profit and prevent loss. Each one of the Binary Option Robot suggested in this article, has been rigorously tested, regulated, licenced and approved for the territories listed in the drop-down menu.
3Binary Option Robot – How they work in practise
Binary Option Robot

1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

Binary Option Robot

2. The Binary Option Robot Will Predict the Price Movement

Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

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3. Decide on how much you want to Invest

Then you need to decide how much you want to invest in the commodity and when that investment will expire.

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4. Collect your Earnings

Finally, you collect your earnings (the good part!)

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Best Settings?

There is no right or wrong answer to the above questions as what works well for one trader may not work well for the another. Hence, after conducting several rounds of discussions with successful traders utilizing the Option Robot’s platform, we have tried to enlighten your knowledge so that you also can try and test them to your advantage.

The Option Robot software has several features including opting for your preferred set of parameters to generate the profitable opportunities. Though this is a boon as it allows you to generate profitable signals with your own analysis and preferred set of parameters, it has its own disadvantage as many of you who are new to the binary options trading would find it difficult to select from several choices.  This article aims to resolve this dilemma and provide the optimal settings which have a proven track record of generating successful opportunities in the binary options trading market. The next question which may arise Is this the one? And the answer is, certainly not, the settings recommended in the following text can be taken as a reference point to reach out to your preferred and advantageous winning ratios. As discussed earlier, the recommendations are not a magic wand but they surely show the path in the right direction.

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No one has a “Midas Touch” and in the same way, no one setting is perfect to give you a profitable opportunity irrespective of your preferred trading hours. Nevertheless, our findings show that if you use different settings for different timing then that would give you an edge over others. So if you are a new to the binary trading arena or have many years of experience, you can generate successful trading opportunities that too consistently if you can adapt and change your settings as per the trading hour of the day. The adaptation and flexibility will help you to find more profitable opportunities in the market along with better accuracy from your Option Robot account.

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Select The Right Pairs & Settings

The responses we received have some very common similarities. If you prefer to trade during the USA time zone, then the most successful trading opportunities were generated in the EUR/USD and USD/CAD currency pair. This confirms our recommendations which we had given in our previous article of “Binary Options Forex Trading”, which entails various currency pairs to trade and list the pairs with regards to the liquidity and volatility of the specific currency pair. During American timings, these pairs will have the highest liquidity and less volatility which makes them the perfect candidate for the trading, and it also helps the Option Robot to generate consistent results in those pairs during the American hours.

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For the above currency pairs, if you have selected the Fibonacci method with RSI, MACD, & Stochastics indicators to generate the signals for a five-minute expiry than your success rate would have been upward of 70 percent. The results for the above settings have been far better than any other combination of settings for the above currency pairs with American trading time zone.

The responses also indicate that if you are from an Asian time zone and prefer to trade in that time zone than it is best to trade in USD/JPY. This pair has the most liquidity during the Asian time zone along with less volatility making it the suitable candidate for the trading. Following the same criteria, the AUD/USD pair is the most suitable for trading during the Australian time zone. The important point to note about these two currency pairs is that they are volatile and have a direct impact on the movement of the currency for the central bank news flow and gold prices respectively. The Option Robot setting recommended for these two pairs is 3 to 5-minute expiry on a classic method with CCI (Commodities Channel Index), and MACD.

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The European time zone has emerged as the most successful trading hours for the Option Robot. The results indicate that subscribers have achieved as high as 84 percent success rate during these hours trading GBP/USD and USD/CHF pairs. The classic method with a trend indicator and Williams have provided more successful opportunities to the investors.

Another striking finding is that most of the respondents have utilized the manual mode for the trading compared to the automatic route and have preferred to trade with only 1 quantity to manage their risk.

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Finally

The results have been very clear and provide indicative settings for generating the successful opportunities at a consistent rate. Along with technical, the fundamentals of the underlying also help in making the right currency selection. To know more about the fundamentals impacting the currency pair, please read our earlier article on the “Binary Options Forex Trading”.

The Options Robot settings also follow these fundamentals while selecting the trading asset. If you are trading the volatile currency pair than it makes sense to select the trend, stochastics, and Williams as an indicator whereas in the less volatile assets the RSI, & MACD indicator provides better results. With a slight tweak in your trading style and flexibility to adapt changes according to the market hours, you can have a higher success rate with the Option Robot software. The settings shown in the above articles are indicative and not sacrosanct. We recommend you try several variations in the option robot settings before adopting the special one. You can use the demo account to test your variations rather than using the real money account. The Option Robot is one of the best available software in the market and we are sure that the above settings will help you to move in the right direction. Happy Trading!!

Do’s and Don’ts while trading through the Option Robot

Along with the above-mentioned settings, there are some simple rules which one should follow to manage their risk and improve their trading success.

Do’s

  • Manual settings have shown higher success rate compared to the automatic trading, and hence always use the manual settings for better success.
  • Use indicators which have similar characteristics.
  • Manage your risk by limiting your number of trades to only 8 per day.
  • Try several settings before you get your best results, and use the demo account to test your strategies.

Don’ts

  • Never use Martingale strategy to invest.
  • Don’t use indicators which have opposite characteristics.
  • Start your trading journey with a minimum per trade account.
  • Don’t get frustrated if some of your strategies don’t work.
  • Don’t use 60-second expiry.
  • Don’t over trade

The Option Robot has emerged as the strongest signaling software. Some tweaks here and there, along with prudent risk management techniques, you can have higher success rate and more winning trades to your account. The above do’s and don’ts are the torch bearer and will help you get the best out of your Option Robot account.

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Author: 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.