BinaryOptionRobot allows you to manage your risk by choosing signals from 4 different risk levels. With this unique feature, BinaryOptionRobot is one of the first robots for binary options that allows you to manage your risk. Learn more about the BinaryOptionRobot signals here:
With their VIP account, BinaryOptionRobot offers you a unique new feature: they allow you to choose which signals you want to trade from 4 categories.
BinaryOptionRobot creates signals in these 4 categories:
You can choose to use only the signals from one category or combine multiple categories. If you want, you can also trade all categories.
This feature allows you to actively manage your risk better than most other robots allow you to. Depending on your preference, you can choose more than 20 possible settings.
As always with binary options, choosing the right signals is a trade-off between quality and quantity. To maximize your earnings, you have to find the golden-mean.
The most risk-averse setting would be to only trade low-risk signals. In theory, this setting should allow you to win the highest percentage of your trades.
Maximizing your winning percentage, however, does not necessarily mean that you maximize your profits. It would be better to win 65 percent of 10 daily trades than to win 70 percent of 2 daily trades.
By only trading low-risk signals, you can enter a similar scenario. You might win a higher percentage of your trades, but the lower amount of total trades can hurt your profits significantly.
While also trading more risky signals should reduce your winning percentage, there is a chance that the higher number of trades can more than make up for it.
Unfortunately, there is no right and wrong in this question. As a trader, you should pick the setting you feel the most comfortable with. If you are unsure, you can do two things:
1. Start with the low-risk signals and work your way up. By using the most secure signals first, you can get a feeling for the BinaryOptionRobot signals. Once you know which returns you can expect, you can start including riskier signals, always being able to check how your performance changes with each step. Continue to take steps forward until you have arrived at your perfect setting.
2. Check the results on BinaryOptionRobot’s website. On their website, BinaryOptionRobot publishes the results of every trader in every signal group. Taking a look at the signals in each category can give you a first impression about which risk level you feel comfortable with.
Combine these two methods and you will soon find the right setting for you.
To unlock BinaryOptionRobot’s risk settings, you need to get their VIP account. Fortunately, that is much easier than with other signal providers, as it does not require you to invest a lot of money. All you need to do is refer a new customer to BinaryOptionRobot, and you will get two months of the VIP account for free.
With this offer, BinaryOptionRobot enables everyone to get a premium robot. Even newcomers who still need every Cent for their trading can get a robot that completely allows them to outsource their trading process, thereby freeing them from having to study technical analysis for years.