AutomatedBinary is a software based on different trading methods and indicators. It is a relatively new binary options trading system. There are much similar softwares created for trading binary options on the market but in this review, we will try to explain all the advantages and disadvantages of this software and bring it closer to all traders.
This software came to the market in 2016 and many call it an upgraded version of the software that was operating in 2014. It is a software that analyzes the market, scanning it for profitable trades and interesting opportunities.
In order to use AutomatedBinary, first, you need to register. The registration process is completely free and the procedure itself seems very simple. What you have to do is click on the “Join” option on the home page and the registration process can start.
The registration form has a few steps. The first step is to choose the brokers already offered by the country traders are from. After that traders must enter their first name, last name, e-mail address, password and phone number. Also, it is necessary to accept terms and conditions and click on the Signup button. Now an account has been created.
The user interface will automatically switch you to the trade interface where you can choose different tools and features.
At the first tab that is called the Home tab, you can choose whether to start trading right away by depositing with a responsible broker or testing all the features and tools using a demo account. A demo account is always a big plus for such software as traders can see how the entire trading process works and find the mistakes themselves, and what they do wrong while they are trading.
Also, you are able to see your current trading and live trading tabs. The most important button in the middle of your screen is the AutoTrading button. Traders can use it to enable software and trading can begin.
The Brokers tab allows traders to check which brokers are enabled to trade from the country they are located. Traders will often have more than one broker available to make the first deposit.
The next tab, most important, is called a configuration tab. There are different configurations and tools on this tab that you can use when setting up a trade. First, there is a 60-second, 90-second, 2-minute, 3-minute, and 5 minute expiry times.
Also, you can choose between 3 different trading styles;
Classic System – This system is best used among beginners. You have the ability to set the trade amount and system will never deviate from the amount you set. Also, at any point, traders can raise or lower the set trade amount
Martingale System – This system is riskier and binary options experts have discovered it. The idea is to double your investment after a loss and when you win, you gain back your losses and you profit. This way traders can start again at original investment amount
Fibonacci System – This system helps traders to see when will specific asset go up or have down-swings. Fibonacci was expert from the 13th century that showed how numbers can repeat themselves in various combinations
On the right side of the screen are the trade size and the maximum number of trades.
Also, it is important to note the Best Settings option at the bottom of the screen. With it, you can copy a particular type of trading and strategy, and implement it into your trading mode.
The last card within the trading interface is the Help button where is the contact form that traders can fill out and ask for anything unclear.
According to the broker, traders are able to trade more successfully with trading indicators which they are allowed to choose on the trading interface:
•Trend Indicator – An indicator that follows the trends of a particular asset traded in binary options
•CCI Indicator – The Commodity Channel Index, as its name suggests, is used for trading commodities, however, applies also to currency trading
•RSI Indicator – The Relative Strength Index Indicator is based on the calculation of time according to the gains and losses on average basis It is also considered an oscillating indicator
•Williams Indicator – This indicator is most often used as addition to the Stoch Indicator and helps traders to show potential price changes on the market
•Stoch Indicator – According to the broker this indicator is most reliable for beginners. It shows us visually the price change on the market
•MACD Indicator – This indicator takes two sets of average assets to detect overbought or oversold prices
The minimum deposit for AutomatedBinary software is $ 250 which is the industry standard. At the bottom of the home page, you can see the brokers who are supported by this software. Also, you can see returns, payout ratio, platform and license company.
As we already mentioned, AutomatedBinary has a demo account.
According to the broker, $50,000 virtual money demo account can help you find your best trading style. Traders can find all settings for their accounts by using the $50,000 virtual money and test all settings and features provided by the platform.
Working with the Automated Binary software is interesting. All the information traders need are located at the user interface so the whole process seems understandable, especially for beginners.
Available brokers for AutomatedBinary software are 24option.com, StockPair, BinaryTilt, EmpireOption, Opteck, Capital, Stern, BDSwiss, Trader.com and dineroLibre. Traders can see the description of each broker and all the features like payout percentages, winning ratio, deposit options and platform specifications.
Withdrawal of money is for each broker differently so AutomatedBinary advises contacting the broker directly. When traders register with AutomatedBinary.com they agree to the terms and conditions of each broker that they join.
AutomatedBinary is not supported with mobile app but you can register, log in and use it through any internet browser on a mobile phone.
Unfortunately, one complaint goes to AutomatedBinary due to the inevitable live chat support. Although they do not have live customer support, there is another way to contact them. You can do this via email at email@example.com
AutomatedBinary also warns you to read the FAQ section carefully because they often get the same questions that are already answered in FAQ.AutomatedBinary Company Information