- 8/10 Platform - 8.0/10
- 6.5/10 Results - 6.5/10
- 10/10 Price - 10.0/10
- 8/10 Reputation - 8.0/10
- 8/10 Customer Service - 8.0/10
- Platform - 8.0/108/10
- Results - 6.5/106.5/10
- Price - 10.0/1010/10
- Reputation - 8.0/108/10
- Customer Service - 8.0/108/10
Algobit was the best known automatic system in binary options.
Algobit was developed by Option Bit. It is an algorithm that constantly analyzes the assets in the financial markets. With its calculations and technical analysis it seeks to identify trends in the analyzed assets. When the robot finds a trend that is being formed, it notifies the trader to place an order.
Algobit is a very professional signal system with a track record of accuracy in identifying very interesting trends. When trading with Algobit, the trader does not have to determine the direction of the asset; this work is done by the system. The trader just has to decide whether to accept the trend indications given by the software.
Basically the system uses the Trend Following Strategy, which has already been explained here on the blog. The advantage of using this system is that it does all the calculations for us.
However, and for those who do not like to use this strategy, you can always work against the trend. If you want to go against the trend, you have to place your orders in the opposite direction from what Algobit indicates.
You can also use a Signal confirmation strategy to the Algobit. Check HERE.
Watch a video that explains how Algobit works.
In simple terms: Algobit attempts to identify a trend, and usually a trend means that particular asset has been systematically dropping or rising. In this situation the system identifies that the asset continues with the tendency to keep going in the same direction. But you may think that the active has already gone up or down too much and that it is oversold or overbought and that it is more likely to make a retracement, or move against the trend. In this situation you can always choose to trade against the trend and against Algobit’s indication.
Even if you are not a fan of automated systems, the truth is that Algobit does all the work of graphic analysis and economic news reading, with the advantage of analyzing all available assets at the same time. It’s no surprise that in all the calculations you can find good proposals for market entries for you to trade.
When using this tool you can learn to read the market and understand how trends form, which is very useful for those who are beginners in binary options.
The platform can be used to trade manually or automatically. If you choose manual trading, you just use the platform to trade manually, meaning that you make all the analysis. If you chose Automatic, it gives you the input signals for the assets. Then you decide which assets you prefer to trade and the values of the orders.
In automatic trading you just choose which assets you want to trade and the value of each order. From there the program tells you to go down or up, but you have to open the order, it does not open the order by itself.
This customizability (there are several parameters that can be changed by you) is very useful, as it gives the trader freedom to choose what you prefer according to your investor profile.
The system has been around for over two years, and the truth is that it continues to be widely used. If it wasn’t good, at this point it would have already disappeared. In addition, the system has received several awards.
As you may already know, there are no perfect systems nor foolproof strategies. There are days that the best strategy or system or Robot doesn’t work, and other days that everything works 100%. If you’re interested in trying it out, please do so for some time with multiple assets until you get the results you expect.
Remember the advice I always give. There are days that the market is not good for trading. If you have losses on 3 consecutive orders, stop trading and don’t trade anymore for that day. Come back the next day.
EXCLUSIVE BLOG PROMOTION
We have an exclusive offer for our readers. When you open an account on Algobit using the link from the blog you will receive 5 risk-free trades (5 USD each trade). This means that the first 5 trades with losses will be free. This way you can test some orders and verify for yourself the Robot’s results, knowing that you will have no risk of losing. To obtain the exclusive offer open an account with the following link: Algobit. In addition to the promotion, also request the Trading Guide for Automatic Systems, exclusively for our readers. Before deposit please contact me to get the promotion.
Download the Algobit PDF tutorial and watch a video with a real account results during a 1 hour trading using the Algobit Signals.
If you decide to try a Robot, before depositing ask me by email or Skype (see contacts) to send you a Trading Guide for Automatic Systems. This short guide has a set of rules and advice that will help you use the Robot in the beginning. Even when trading with automated systems it is very important to comply with some rules that can be the difference between success and failure. Please contact me BEFORE making the deposit, because sometimes the link that is used is not mine.