Algobit review – binary options trading bot

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Algobit review – binary options trading bot

Optionbit starts an innovative product in the field of binary options. It is a generator of automatic signal. Thanks to Algobit, you will have access to a new platform able to provide signals for binary options for both short-term and long-term.

First you need register to Optionbit and to open an account. After you have done this you will be able to get directly to the platform of automatic signals Algobit.

Algobit provides you different signals and for each signal it tells you a number that represents practically the trust level for that signal. Plus it is high and there will be more chance that investing on that particular asset in that particular recommended direction you will close an investment “in the money”.

The asset and the direction of the investment are indicated by Algobit, the user must choose only the amount to pay in and the deadline..

Sincerely I believe that the deadline should be choosen by Algobit, but testing it has been seen that often you can’t close “in the money” especially when the level of waiting for the signal is high.

It is interesting to note how often are given signals of asset that generally are overlooked by traders. So you will not find only the classic signals for EUR/USD, EUR/GBP, USD/JPY, but you will find mainly signals of stocks and indices that generally are not considered by most of the traders but only by more experienced traders. In this way, with the aid of a graphics platform for technical analysis as netdania or freestockcharts you can also understand when and why you have certain signals for these less known assets and to enrich your knowledge of technical analysis.

For now it seems that with the options tha expire in 5 minutes (300 seconds) you are able to achieve good results. Certainly not those of a good strategy but you may able to close in active a section of binary trading and for those who are begginers is not a little.

I recommend, however, do not blindy trust of each signal that is given and to use this indicator of signals for binary options very carefully and with a good portfolio management.

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The risk of losing is always high even if with Algobit we have a “companion” more.

Algobit Review 2020

Algobit is closed.

Algobit software is created by regulated broker OptionBit. This binary robot provides binary signals and delivers them to binary options traders. According to the Algobit website, this robot is completely automated and it makes trading easier, especially for traders with no trading experience. Binary robots are able to analyze the financial market and using various indicators, they generate binary signals. Our Algobit review has researched what are available tools that come with this interesting software and what can you expect when automated trading is activated.

Algobit starts with $250 minimum deposit and according to Algobit robot, traders are not required to have any previous trading experience. Read more about this software in our Algobit review below.

Algobit Trading Experiences

Our Algobit review has shown that this binary robot is present on the binary market since early 2020. OptionBit broker has proved their software is well known and used by many traders around the world. According to this robot, their clients are very satisfied with the software and their binary signals are considered as reliable and successful. We can’t claim this is 100% true, but, we haven’t found any negative experiences that claim this binary software is a scam.

Besides being the brand of one of the most successful binary brokers on the market, Algobit has several awards for best innovative technology and financial innovation awards that show the quality of this binary product.

How to Use Algobit Auto Trading System?

Since this binary software is specifically designed for beginners, Algobit traders won’t spend much time on using Algobit. Our Algobit review shown that this binary software is free to use.

In order to start auto trading with this software, traders first have to register for free. The registration process takes no longer than a few moments. After they have created their trading account, traders will have to register with OptionBit broker where they can make their first deposit. After the deposit was processed, traders will see their funds available on Algobit interface. When the funds are visible, traders can start auto trading.

Our Algobit review has found out traders have to invest minimum deposit of $250 to activate Algobit software. It is important to know that traders don’t need to provide any additional fees with Algobit. The payments are processed directly through broker account and Algobit is only a third party software that delivers trading signals to its clients and provides auto trading services.

It is important to point out that Algobit is an independent software and if traders have registered with OptionBit, they will additionally have to register with Algobit in order to auto trade with this software.

Algobit review found out this robot is available only for OptionBit traders. Algobit interface is not connected to the OptionBit trading platform, so traders are allowed to use it separately and independently from broker platform.

According to the Algobit, if activated, the software will automatically execute trades according to the settings made by traders. The Algobit interface is a web based application and traders don’t need to download any programs to their devices. This is always considered as the benefit, because we all like easy trading platforms that we can access anytime and anywhere, without additional plugins or installations.

How does Algobit Auto Trading Software Work?

As we have already mentioned before, Algobit software is able to execute trades automatically. It receives binary signals and executes the when the best market opportunity comes by. According to the Algobit, the software analyses the market and follow various trends simultaneously. Algobit review found out there are two available options traders can choose – automated or manual trading.

Binary Options Auto Trading with Algobit

Those who prefer automated trading will basically rely on Algobit software and settings they set according to their preferences. According to the Algobit, it’s indicators are calculating and determine the direction of underlying assets on the market. The hard part is being done by Algobit and traders just need to:

  • Define preferred expiry time
  • Set trading amount
  • Select “Trade”
  • Confirm the trade

Algobit allows traders to trade against the determined direction. This way traders can change their mind during the trading. Traders just need to click the opposite direction on Algobit interface and again select trading amount and expiry time. The page has to be refreshed so Algobit can take action and apply new settings.

Manual Binary Options Trading with Algobit Auto Trading Software

Algobit review showed this binary robot welcomes traders to choose trade manually. If this method is used, traders must know they are trading without the help of Algobit. Manual trading includes choosing the asset to trade, selecting the direction and the amount trader wants to invest in. The last step is to confirm the trade, which means Algobit will execute the trade.

Algobit software will show the result after the trade is executed. A green box means that trade is in the money and red box means that the option is out of the money. Traders will be able to see detailed information about the asset they will trade with – the direction they have chosen, the countdown and the result.

Algobit review has found out that minimum trading amount is $10.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

Algobit Auto Trading Review

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Algobit review

This robot is closed. Try trading with other recommended robots instead.

Algobit auto trading software is considered to be the most important product developed by OptionBit binary options broker. It is an auto trading robot that delivers signals for binary trading. All signals are based on analysis and research of market trends. Once a good signal has been discovered, the trader is immediately alarmed. This makes trading very profitable and interesting for beginners and experienced traders alike.

Algobit Auto Trading Experiences

Algobit was created 4 years ago, and in that time provided help and assistance to traders all over the world. Binary trading experts are always recommending using such auto trading software, especially for beginners who are looking forward to the profit from the first day of binary options trading. Algobit experiences are so good, that this auto trading software received several awards, including 2020 award for the Best Innovative technology. This is another proof how reliable this software is.

Algobit Auto Trading Registration Process

The great thing about Algobit auto trading software is that it is completely free for all traders to use. Still, there are some conditions involved. Traders have to register and open an account with OptionBit. Then, they have to make a minimum deposit in the amount of $200. After the deposit is made, no additional charges are taking places, and using the Algobit software is completely free.

Once the trader has opened OptionBit trading account it is necessary to fill the registration form on the Algobit website. Algobit registration process is very fast and easy as traders only have to fill their name, email, phone number and select a password.

Algobit auto trading software is an independent part of OptionBit binary portfolio.

Algobit is a software developed by OptionBit which means that this binary broker is offering its services and this makes it one of the most important elements on OptionBit platform. Algobit auto software is available only for traders who register with OptionBit first, but once that process is done, it can be used independently from the broker, with any other binary broker the trader prefers.

Basically, this means that trader is not obligated to use ObtionBit and Algobit together, as Algobit operates independently. This is valid for manual and automated binary options trading alike. Algobit is very user-friendly and requires no downloads. Traders can log in to their account from any device they like and prefer and place their trades.

How to trade with Algobit?

Algobit, as already mentioned, is auto trading software that executes market analysis instead of the trader and is able to follow more than one trend at the same time. This makes it perfect for traders who don’t have time to do analysis, or for traders who are only starting to trade and aren’t able to execute analysis by themselves. Algobit can be used for two types of trading: manual and automated trading.

Algobit Binary Options Auto Trading

Algobit auto trading is giving traders the opportunity to sit down and relax, as it does everything for them. All they have to do is follow these four steps:

  • Select an expiry time
  • Select the trading amount
  • Click ‘Trade’
  • Confirm the trade

Traders can also trade against trends if they believe the trend is about to end. All they have to do is select reverse trading, and once again select the expiry time, trading amount and confirm the trade. During trading with Algobit, it is recommended to frequently refresh the analysis so it always shows the most recent data.

Algobit Binary Options Manual Trading

Traders who opt for manual trading are trading without Algobit’s assistance. Traders first have to select an asset. Assets are visible in a special list in the upper left corner. They can select among commodities, currencies, indices and stocks. Traders can also select the direction and trade amount, as well as the expiry time. These trades also have to be confirmed.

After all, is set, a little boy will appear on the top of the platform. Green boy means that the traded binary options are in the money, while read means completely the opposite. The box is displaying the asset, expiry time, and direction. IT also supports charts following and once the trade is finished, shows the new balance on the trading account.

As Algobit supports both manual and auto trading, traders can always switch and trade the way they prefer. This provides amazing customization possibilities for traders who want to be in total control. Algobit is never executing trades by himself but is always requiring from trader to get involved and place a trade. Minimum trade with Algobit is $10.

Algobit Offers Many Expiry Times

Algobit expiry times are short-term: 1 ,2, and 5 minutes, medium-term: 25 and 30 minutes, and long-term such as the end of the day. These expiry times are available for both manual and automated trading.

Algobit is User-Friendly

Algobit website is very easy to navigate and traders can find out all the information they need. The upper part of the website is reserved for the menu bar and gives access to opened trades, closed trades, balance and a live tab where traders can chat with a professional analyst.

No Algobit Demo Account

Unfortunately, there is no official mentioning of Algobit Deo Account. Traders can still ask customer support if there is one and what are the alternatives offered.

Traders also get a handbook and video introduction that explains features supported by Algobit.

Algobit Conclusion

Algobit traders have many positive experiences when trading with this auto trading software. It has a respectable number of users who are all enjoying the trading process with Algobit. Algobit binary options auto trading software is very easy to use and is a great choice for all types of traders.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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