By Tim Lanoue
The OptionRobot is not only a robust and profitable trading software for binary options but a fully automated trading system that empowers the investor utilizing the software. Whereas most binary option auto traders severely limit user-control, the OptionRobot for binary options actually allows the investor to turn the auto trader off and on along with allows for 6 different customization changes that ultimately allow the investor to remain in relative control over the physiology of the software.
Investors have the innate ability to change all of the following settings provided in the image below allowing for over 100 permutations of the OptionRobot trading software to be utilized during any one moment. No other binary options auto trader or trading software allows this sort of user-control and most certainly not half of the auto traders out in the industry right now have success rates reported nearly as close to 70 to 80% such as the OptionRobot has been reported at from over 30 of our subscribers and throughout my last 6 weeks of utilizing this software.
8 Winning OptionRobot Tips
One imperative lesson that I have learned through my time in the binary options industry would be that there is typically always a way to improve the accuracy of a binary options trading system or software. What many newbie investors fail to realize is that the creators behind most of these trading systems lack the incentive to re-calibrate their system and software around 6 to 8 weeks down the road after the launch of their own trading software so ultimately the accuracy and effectiveness of a software decreases over time, or at least historically and statistically speaking. With this truth in mind, it comes down to the investor to become resourceful and figure out the best ways to optimize your software to the best of your ability. Below are some tips that I always implement prior to using the OptionRobot trading system for binary options:
Perhaps the biggest tip that I can provide you all to apply when using the OptionRobot trading software would be to avoid press releases and major market reports when planning to invest with the automated software. One note you should keep in mind would be that there are no trading systems or software that can accurately interpret the affects of a market report because many of the assets being discussed become volatile and behave in a manner that cannot be gauged effectively by the software. To check out when all market reports are going to be released you can do so by visiting our Fundamental Analysis page.
Another tip that could greatly improve your success rate with the OptionRobot trading software would be to make sure that you are not investing during any neutral market trends. When using the OptionRobot trading software I have always found that I generate the best success when there is a strong bullish (upward) or bearish (downward) market trend for the targeted assets that I have planned for the software to invest on my behalf.
A third tip that I have found to increase my success rate by a percentage or two would be to make sure to select low volatility currency pairs to invest with. So currency pairs such as the Eur/Usd, Usd/Chf, Usd/Cad, Aud/Usd and even the Usd/Jpy (see Tip 5 below) which isn’t typically classified as a low volatility currency pair but is still effective to invest with. The reason why we want to stick with more low volatility currency pairs would be because they are less prone to change directions due to minor fluctuations that may occur in the market.
Perhaps one of the most overlooked aspects among newbie binary option investors would be to apply a proper money management strategy. Typically I recommend investors starting out with a passive style of account management which requires the investor to place 3 to 5% of their trading account balance per investment and once you become more accustomed to the OptionRobot then you can slowly move to a more aggressive style of account management which requires between 7 to 10% of your investment account balance per investment.
Do your best NOT to overtrade, you only need 3 to 7 investments per day to effectively supplement your income through binary options since the return rates are so high. One statement that I preach quite a bit to newbie binary option investors would be that investing binary options is like a marathon not a sprint! Do your best to limit emotions, don’t get greedy and let the software do its work and the results will follow!
Although this tip is not always practical it is effective when used correctly which would be to trade like currency pairs to correlating market hours. So if you are investing during the New York trading session I have always found that investing the Eur/Usd and Usd/Cad to be the best assets of choice to invest with whereas if you are investing during the Tokyo session than you may want to stick with the Usd/Jpy as your targeted asset. For those of you who prefer the London session I would recommend investing with the Eur/Usd, Usd/Cad, Aud/Usd and Usd/Chf.
One of the great features about OptionRobot.com would be that investors have the ability to remain in control of every aspect but the signal placing aspect which can be expected with an auto trader. What I have found to work quite effectively and to help develop proper money management skills would be to set Max Simultaneous Trades to a value between 1 and 2. Remember, we aren’t trying to be greedy here and by setting the maximum investment amounts to a low value number investors can practice and increase money management skills.
The last tip that I can provide you guys prior to diving into the recommended OptionRobot settings below would be to avoid the Martingale method of trade offered by the OptionRobot. The Martingale style of trading destroys all principles of proper money management and should never be applied with the OptionRobot or with any strategy based outside the OptionRobot trading system. I have seen the Martingale trading strategy destroy newbie investors accounts within a matter of 4 total investments and in as little as an hour, never apply the Martingale style of investing to your binary options investing!
Recommended OptionRobot Software Settings
There are a few different setting options that I use with the OptionRobot depending on the time of day that I invest but the most effective set up that I’ve come across when using the OptionRobot trading software is reflected in the image below.
As you can see in the image provided above I tend to stick with 2 minute expirations for the software to use while utilizing the Fibonacci method of investing. Next, I make sure to solely use the MACD, RSI and Stoch indicators while setting my Max Simultaneous trades between a value of 1 and 2. Next, I choose a couple of low volatility currency pairs that I tend to invest with during the New York trading session which would be the Eur/Usd and the Usd/Cad that way I can make sure I am following Tip #3 and Tip #6 listed above.
Now, for those of you who are investing during a different market session such as the London or Tokyo trading session you can keep the same set up that I am using here but just change the currency pairs to a couple of currency pairs that correlate to the market session that you are investing with. In all honesty though, the most important factors to consider when using the OptionRobot trading system or any system for binary options would be to follow the tips provided above along with making sure that you keep your emotions in tact, don’t make yourself susceptible to losses just because you may have the beginnings of a losing day or because things aren’t going the way you hoped.
Take one investment day at a time and if you lose more than 2 or 3 investments for the day then just stop investing that day, clearly the markets aren’t behaving and to be honest you can’t win every investment day.
One last recommendation that I can make to you all would be to make sure to avoid investing during intra-trading hours as well, I have not tested the OptionRobot during intra-trading hours since I tend to avoid those hours when investing so I am unsure how effective this set up is during intra-trading hours.
Why Choose OptionRobot for Binary Options?
For those of you who are relatively new to binary options or just looking for a profitable auto trader for once then I would encourage you to check out the OptionRobot for binary options. Unlike most other binary option auto traders that greatly limit user-control the OptionRobot allows you, the investor, to change the physiology of the software and remain in near complete control. You can decide when to turn the auto trader on and off whereas most auto traders that end up becoming scams don’t even offer that option leaving you with only the sight of your funds disappearing and quite a sour taste left in your mouth.
OptionRobot Tips and Strategy – Conclusion
I’ll be honest, when I first came across the OptionRobot I figured it was just another binary options auto trading scam. However, the one characteristic that caught my eye in regards to the system would be how it didn’t claim to make any outlandish income gains, how the site didn’t incorporate any scam marketing widgets that we most oftentimes see with scams and how there wasn’t some moronic pitch video that showed a bunch of fancy cars and photoshopped bank account images.
As many of you know by now we are a fairly active community here so if you have any questions, comments or feedback to share, please feel free to leave them in a comment below and I’ll do my best to get back to you within a 24 hour period!
As always, thanks for reading everyone and make sure to stick around for more of my strategy, scam reviews and educational articles to come!
You might also want to read Tim’s original OptionRobot review.