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Algobit review – binary options trading bot

22 August 2013 • Binary options robot, Broker

Algobit 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.

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



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