Surely many of you have come across reviews from traders on the Internet that a free trading robot . And no, this is not another useless advertisement from unscrupulous sellers of a dubious placebo. Such automated experts do exist. Progress has finally reached the science of market investing and invites everyone to appreciate the benefits of high-tech innovation.
However, not all traders understand the intricacies of choosing a quality robot. After all, distinguishing a well-written program from a cheap fake can sometimes be very problematic. To prevent beginners from being disappointed in this very useful find, I decided to make a rating of the most popular and successful trading utilities that are distributed to users completely free of charge. The review will indicate both the advantages and disadvantages of each project, as well as a final comparative table of all participants in the list.
Visual comparison of trading robots
It would take a very long time to describe the features of these unique programs. To make it easier for you to navigate trading robots, I will present their success in the form of a table.
| Project name | Efficiency level |
| Abi | 87% |
| Autocrypto-bot | 85% |
| Daxrobot | 82% |
| Centobot | 80% |
If you are already tired of depending on the mood of your boss and are afraid of losing your favorite place, feel free to open at least a starting account on any of these resources. On my own behalf, I can separately recommend the assistants Abi and Autocrypto-bot. In my opinion, these robots are perfect for a novice trader. They make it very easy to manage capital and earn money without making any effort.
Conclusion
If you see on the Internet that a trading robot did not help him in any way, and the deposit was lost in the first days of active operations, know that, most likely, this is the machinations of competitors. I personally tested the programs that were included in this rating and I can say that there is nothing wrong with automated trading. Finally, try I assure you, it is not at all difficult. Many successful traders started with minimal capital, and today they already top the lists of the country's largest investors. Register on the Abi or Autocrypto-bot website. I promise that you will not return to your old job.
Now the choice is yours, I wish you success and decent trading results!
How to choose a binary options robot?
As already mentioned, there are currently a countless number of auto trading offers; with tslab’s capabilities, it’s easy to do this even without knowledge of the basics of programming. And all of them can be classified according to several basic characteristics, which you must pay attention to first of all:
Do I need to buy the program or is it distributed free of charge, for example, through affiliate programs from brokers? Does it have a demo mode that allows you to practice and study the features and capabilities of the bot? who is the author, developer? Is this an active broker or an independent team? what is the basic functionality? Are you offered just an advisor who will only give you hints, or is the bot capable of trading on its own? Are any features of the program known, or algorithms for its functioning? or are you simply being asked to trust some “hidden knowledge”? quality and quantity of settings available to the user?
What should you pay attention to regarding these points?
First of all, study reviews of binary options robots. There can be enough said about each of them. Thus, it is not recommended to contact bots created by a specific broker company. The likelihood of bias in the work or outright fraud is too high. What then can be used for trading?
It makes sense to take note of the following data:
- Technical signals from special thematic publications (Investing, FXStreet, etc.).
- Currency positions of famous brokers.
- Information on the CFTC and CME.
- Analytics, reports from banks and specialized media (Bloomberg, FT).
Not only is this information mostly reliable and based on analytical work, but it is also free.
But are all robots, for example, created for quik, really a scam? Unfortunately, reviews of binary options robots most often answer this question positively.
Just think, if there really was some kind of miracle robot that could accurately predict the market, how much would it cost? Who would even sell it? And is it possible to do this, for example, using tslab? Usually they sell only useless nonsense, which is bought by gullible people who are eager to get rich easily and quickly. As a rule, it is these two qualities that lead to inevitable financial collapse.
For example, let’s name a few of these fairly well-known scams, which are often mentioned in various reviews of robots for binary options:
- AutoBinary;
- Genius;
- Norbert's bot;
- Option Bot;
- Binary drone 2.0 and others.
But one thing is good - today there are still fewer people wanting to make money using such “artificial intelligence”, traffic in this direction is becoming less intense. The real peak, hysteria, was several years ago, during which time thousands of real traders lost millions. Probably, some awareness of widespread deception is slowly coming to the mass consciousness.
While scammers are certainly here to stay and continue to operate, they still find plenty of victims among newcomers to the market. True, this is becoming more difficult to do, because the boom in scams of suckers is now taking place in the cryptocurrency market.
Demonstrative results of an experienced trader in trading with robots
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Reviews from real traders about binary options robots
And now, in order not to be unfounded, we will consider several specific systems for automatic trading of binary options in more detail and taking into account reviews from real traders.
Abi robot is a worthy assistant in binary options
Perhaps this is the only bot that is worth trusting in a certain sense. See for yourself:
it’s free, but don’t rush to frown skeptically, the developers are not involved in charity and make quite a good living; To gain access, you must register under the affiliate program with one of the brokers; There is full customization; uses multiple strategies; compatible with many, including well-known brokers; you can start trading, for example, with 24 Option or Utrader; There is a training account on which you can try working before making a final decision on further cooperation.
Over the 2 years of its existence, a sufficient number of reviews have appeared about Abi so that one can judge the effectiveness and specifics of this robot.
What's the point in this comment? There is no euphoria or delight here. Moreover, this is absolutely practical advice that concerns mandatory monitoring of the bot’s activities. Leave him alone - he might mess it up. And it also requires custom settings. Only in this case can you count on profit. It is clearly not typical for outright scammers to write about this in an attempt to promote themselves.
Here are a few more reviews of the system, generally confirming all of the above.
You can find reviews about Abi yourself. They mainly confirm the effectiveness of this service, but with the already mentioned reservations and when following some fairly simple rules to follow. Yes, failures do happen here, but most often as a result of that notorious “human factor”.
How Ilan helps your broker get rich
The branch started in 2010. Since then, more than 1000 pages have been written, but no one has yet proposed universal solutions. For all experimenters, the robot invariably “leaves” the deposit when there is a large unidirectional price movement. Apparently, for this reason, Ilan tops not only the rating of the best advisors, but also the rating of the worst.
There are many versions of Ilan created by different authors, but these are implementations of the same idea, which is based not on technical analysis, but on a type of money management - the Martingale strategy.
The logic for opening trades on the website of the developers of this robot states that the RSI indicator must be in the overbought or oversold zone, and the closing of the hourly candle must be higher than the previous one for buying and lower for selling.
If the position goes negative, averaging is done, and then on rollbacks, with an overall positive result, everything is closed.
The authors of the robot reassure skeptics that dangerous jumps in the market occur rarely and are caused by global problems such as wars and defaults, which you can read about in the news and turn off automatic trading.
So, a catastrophe is happening, people are already writing about it, and at this time prices are standing still and waiting for the trader to switch to manual transaction mode?
In 2008-2009, all markets fell. The recoilless movements of the main currency pairs lasted for months, but initially few people believed that the bankruptcy of two American investment banks would drag the whole world down with it.
Here is the experience of an enthusiast who was not too lazy to run Ilan on a huge array of historical data:
Many tests were carried out on different pairs and different intervals, with different settings, but the final result was the same - “deposit loss”. The authors of Ilan especially focus on choosing a broker. They advise only those who have opened an account with the forex4you broker and deposited at least $500 into it. Perhaps it would be more logical to offer a price list for services.
Monitoring of the author's trading account in real time.
Trading occurs with drawdowns reaching 40%, which exceeds the positive results of individual months. The conclusion is obvious: there is no stop-loss, although the settings provide for closing at a loss (most likely, this is not a classic stop-loss, but closing positions at a critical drawdown level), otherwise the deposit graph would have a sawtooth shape with breaks due to unsuccessful averaging.
There are so many online stores of advisors designed for traders with different needs and capabilities. Probably the biggest deal for mt4 here.
Pros and cons of automated trading
If you read reviews about the pros and cons of automatic trading, then among the arguments “for” there are usually the following:
- The robot has no emotions, it does not try to wait out a large drawdown and, on the contrary, quickly close the profit
- The robot does not get tired and does not miss the moment to open a deal; it constantly monitors the situation
Here are the typical arguments of opponents:
- Most ambiguous situations are difficult to describe in a program and therefore the results are better when trading manually
- The logic of the robot author is not always clear, so you have to blindly experiment with the settings
- Too many settings make it difficult to optimize them on history
- Many authors tailor their robot to the story, so over time it begins to steadily drain the deposit
There are more arguments against it, but staunch supporters of automation are not going to give up. They have an important argument: you can order an experienced programmer to write a robot. Of course, you will have to pay, sometimes a lot, but all the nuances are discussed in advance. But such solutions are piecemeal and you can’t find detailed discussions about them on the forums.
Usually they discuss what can be downloaded for free. The leader in popularity is Ilan.
