Looking for a binary trading software that trades profitably on autopilot could be a daunting task. Binary options autopilot is an automated binary trading software that has been specifically designed to assist the trader that wants to use a binary automated robot to trade binary options profitably. This software is not like other fake scammy binary software that promise to turn you a millionaire overnight. If you want a genuine system that makes you money consistently then this software is right for you. The software is easy to use and is a web based system that does not require downloads.
Steps to set up the Binary Option Autopilot
Step1: Opening an account
The following details are needed
Step 2: Choosing a Broker
A broker would be assigned to you. All brokers synced with this software are regulated and licensed. After you have chosen a broker, you click on deposit and you would be taking to the broker page where you would fund the brokers, each brokers have a minimum amount which you could deposit usually $250. However, if you are not yet ready to deposit you could try out the demo account
Step 3: Settings
This defines how the robot should work. Here you choose the
- Expiry time of trade- 60seconds, 90seconds, 2minute, 3minute, 5minute.This depends on the expiry time offered by your chosen broker
- Trading Method- Any of Classic, Martingale, or Fibonacci could be chosen
- Indicators- You could tick as many indicators you wish to use the available once are TREND, MACD, RSI, CCI, STOCH, WILLIAMS
- Amount- Here you choose the amount you wish to trade with
- Maximum Simultaneous Trade- In this part you choose the number of trades you want to carry out simultaneously within your chosen expiry time
- Currency- You choose the currency pairs you want to trade with.
Recommended Settings: The default settings is recommended for novices, people new to binary trading. You could adjust the robot to your best suited need if you wish.
After all the settings push AUTO TRADE to start trading.
THE TRADING SYSTEM BINARY OPTION AUTOPILOT USES
There are basically 3 types of trading system the the binary pilot uses, these are : Classic, Martingale, Fibonacci
TREND INDICATOR – Direction of the Market
The trend is the most popular indicator in trading, this indicators will always offer a buy or sell signal depending on the evolution of the market based on past rates.
MACD INDICATOR – Moving Average Convergence
DivergenceThe MACD is based on moving averages, a MACD signal is provided when two moving averages with different periods cross each others. Binary Option Robot uses the 20 period Moving average (MA20) and 50 period moving average (MA50). When the MA50 cross over the MA20 it produce a PUT signal and when the MA50 cross under the MA20 it produce a CALL signal.
RSI INDICATOR – Relative Strength Index
The RSI is based on the magnitude of recent gains and loses, a RSI signal is provided when there are many gains closes rates compare to low loses closes rates (overbought situation) or when there are many loses closes rates compare to gains loses closes rates (oversold situation). The overbought situation will give a PUT signal and the oversold situation will give a CALL signal.
STOCH INDICATOR – Stochastic Oscillator
The Stochastic Oscillator compares the last closing rate with the price range of a given period. If the last closing rate closes near the high of the period it will generate a PUT signal, if the last closing rate closes near the low of the period it will generate a CALL signal. As the RSI indicator the stochastic oscillator is made to identify overbought and oversold situations.
WILLIAMS %R INDICATOR – Williams Percentage
The Williams %R is similar to the stochastic oscillator. It compare also the closing rate with the average rate over the period. The overbought situation will give a PUT signal and the oversold situation will give a CALL signal.
CCI INDICATOR – Commodity Channel Index
The Commodity Channel Index analyze the relationship between the current rate, the moving average, and the normal deviations from that moving average. It will determinate if the currency pair is overbought or oversold. The overbought situation will give a PUT signal and the oversold situation will give a CALL signal. This indicator is perfect to be coupled to an oscillator indicator like MACD, Williams %R, RSI or Stochastic.