They can also be set to stop if a certain level of profit is reached. Many robots will have daily loss limits, and overall limits. This extra risk can be managed to some extent.

An event that might make a human trader step back from the markets, is not going to stop an automated robot. But an automated bot running unchecked could rattle through a large number of losing trades, particularly where a news event impacts the market. So they will need to be constantly monitored for performance.Īutomated trading without doubt increases risk – and binary options are already a high risk investment vehicle. Likewise, the settings by which the robot is operated, might become less (or more) effective over time. Trading robots will have swings, just like any other trading method. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits. They can be a great tool for traders too – but as ever in binary options – any promises of profits are an immediate ‘red flag’. The best bespoke robot features also allow traders to run their robot in a demo account, in order to trial it risk free.īrokers are keen to promote robots, because they create higher trade volume, and therefore reduce risk for the broker. These tend to simplify the the process, letting traders “drag and drop” technical indicators into their system. There is also a growing trend for brokers to provide their traders with the ability to configure their own ‘bots’ or automated trading systems. The automated element however, does increase the financial risk for traders overall.

These systems will have differing levels of risk management – from stop losses, to daily fixed spend limits. This automated element takes signal services a step forward, and actually place the trades as well – rather than leaving that to the trader. So the software will attempt to identify profitable trades, and will then place the trades automatically. Robot software and auto trading algorithms combine a signal service with automated trading. Free to join with flexible settings including indicators, expiry and methods.

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