Today, one of the most popular automated trading systems for binary options is the Binary Option Robot. The robot is fully automated which means that it trades on behalf of traders. The robot is a highly accurate software which delivers amazing results. Traders can make huge profits on their investments when they make use of this software. It can be said that the accuracy of the system and the ability to deliver great results is because of its settings. In this article, we will take a look at the Binary Option Robot settings and how they can useful to traders.
Those who don’t have any experience in binary options trading will find it easy to use this system. Traders don’t need to put in much effort when it comes to making investments and getting good returns. After a trader has signed up for the system and made a deposit with an assigned broker, they can start with the automated trading process.
The Binary Option Robot settings are simply perfect when it comes to meeting the requirements of traders. Because of the reason that each trader has their own individual requirements, the different Binary Option Robot settings may be suitable for different categories of traders.
Customizing Binary Option Robot Settings
There are a number of settings that can be customized according to your preference. There is an Active Trading button which can be switched on if you want the robot to trade on your behalf. If you switch that button off, the robot will not execute any trades on its own.
The settings can be viewed from your dashboard. Depending on the broker you sign up with, you can change the settings accordingly. You can activate any number of assets which the robot will use as guideline when executing trades. Experts recommend that toy turn on all the assets because the robot generates signals for all of them. This will also help the robot to execute trades on the best possible options. If you choose fewer assets, then the robot will have limited options to work with.
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Daily Stop Loss Feature
This particular Binary Option Robot setting allows you to decide how much you are looking to spend each day on your investments. The daily stop loss feature is valuable because it can help you monitor your investments. However, if you want the robot to trade with no limitations, then you can set this feature to ‘None’.
Trade Amount Feature
Another great Binary Option Robot setting is the Trade Amount feature which allows you to choose how much you want to invest per trade. For example, if you want to spend $100 in investments each day, then you can choose $10 or $25 as the amount for every trade that is executed by the robot.
Max Daily Trades
The Binary Option Robot can generate a huge number of signals every single day, but it is up to you to decide how many trades you want the robot to execute. You can choose one trade, three trades, five trades, ten trades or All. If you selected how much money you want the robot to invest per day then, you can choose the All option because the robot will automatically stop after reaching the maximum daily amount.
Reverse Trading Feature
When the robot goes on a losing streak, then traders can use the Reverse Trading feature to maximize their gains. As traders, you must understand that the signals generated by the robot cannot always be correct. So at any time if you feel that the robot is not generating accurate signals, then you can turn on the reverse trading feature to enable the robot to execute trades which are opposite to the signals generated.