Ok, so the Automated Binary Software actually seems quite promising. A reader recommended it and wanted me to look into it, and I have to admit it looks good. I admit, I found several issues that I can’t say I am all too happy about, but with the options it gives you, a demo account, and a pretty original looking platform I think it could be a good option.
Product Name:Automated Binary
Niche: Binary Options Software
Sign Up Page: Click Here
Minimum Deposit: Depends on Broker ($200-$300)
I liked that there are no auto videos playing, no cheap marketing tricks, just straightforward information. The lack of contact information or information about the company worries me, but if it works I can live with it. So far I have yet to invest with the software as I will be keeping an eye on it for now, but it could be a good choice.
What is Automated Binary
The website is very simple. They get straight to the point, try their demo account or join. In both cases you go through the same sign-up process. There are no empty promises of absurd profits, no actor CEO’s, nothing.
There are three options when it comes to managing your money in the software. You can either keep it safe with the Classic system and set your trades depending on your own personal desires, the Martingale system which doubles your next trade after a loss, and finally the Fibonacci system that predicts when the assets with have up or down swings. I personally would prefer the Classic system as it really is the safest, plus you can trade as little as $5 per trade which helps keep things safer.
There are also six different indicators that you can use. Each has their own way of reaching a conclusion as to what is the ideal way to go with a particular asset. I like that you are given these options so as to experiment with your trading and select which you feel most comfortable with, and which is profitable for you while you are trading. I highly recommend you never leave such software to trade for you while you are away from the computer. This may reduce possible profits and number of trades, but it will allow you far more control.
The software covers all currencies and you can choose to trade one, several, or all currencies at once. This gives you further control.
The number of brokers they give you as an option seems great also. I cannot say I am a fan of all of them, but for the most part they are decent. Perhaps not the best, but there are some good trustworthy ones in there. Upon signing up to do the demo I was given the option of only one broker though, Tropical Trade. I was hoping that you can select from these brokers rather than have one assigned to you.
The Automated Binary Software
The software itself is simple, yet it does have all of the available options. There is no scrolling information to keep you updated, no charts, nothing. This I did not like, but in Config you are still given the numerous options they discussed in the website.
It is pretty straightforward and I think anyone can handle dealing with this information, selecting what they like, and experimenting.
I also liked that the software is available in a number of languages, thus making it more accessible for more people around the world.
Now, when it comes to the trading history from the demo account, It would have been nice to see this in full view and really grasp the results. Still, with the demo account I managed to have only 2 losses and 1 tie out of 21 trades. Seems pretty good, the question is how it will perform once you actually invest money as in many cases these demo accounts are tampered with.
I found some feedback online as to the Automated Binary software. I found numerous reviews claiming it’s very profitable. There were several very positive comments that not only claim that the software is profitable, but also provide numbers, proof, and real back to their claims. Overall, it does seem profitable if you experiment enough, keep it simple, and your bids per trade low. On the other hand, I did find some that were very negative where people signed up with it, set everything, left it at higher bids per trade, and left the software to work on its own. As it doesn’t have a stop option when you get a certain number of losses the software continues to lose when it has taken the long route, and then come back to major losses. This is why I highly recommend you keep your eye on the trades with this software rather than just let it run in the background without tracking every trade if you try it. In fact, I recommend this with any software you try. Then, once you have made enough profits to cover your initial investment you can increase your trade amounts, but still keep a close eye on the trading so you do not lose it all.
I am looking at this more positively than most other software that I have reviewed is because the software and website do not look like the typical scams you see on a daily basis. This could be a trick, of course, but with the numerous options you are given the key is to sign up with a broker you trust so you know that if you are not happy with the way things are going you can at least withdraw you investment and move on. I think that the Automated Binary software could be a good option but always do your research and keep your eyes open, never let a software do the trading without you around.