This is an automated trading system, which finds trading signals on its own and carries out trading while a trader is engaged in his own affairs. The program trades on its own. The trader only presses a button in order to do that.
However, let’s move away from a template and proceed directly to the question. AutobinaryEA is a program that is installed on a PC or a laptop and while the user is connected to the Internet in the market time, it outputs the signals and prepares the whole deal alone. Trader just clicks on “OK”.
Of course, the huge advantage of this program is that it is almost completely automated. The progress had reached the point when the system itself sets all the parameters of the deal. From the trader it is needed only to click on the appropriate button in certain time. On one hand everything is just perfect. After all, there is no need to spend so much time at the terminal, looking for the point of purchase the contracts.
And the analysis as such is not needed. Why deal with technical or fundamental analysis, spend your precious time on studying charts and indicators or develop some strategy if you have a reliable efficient robot.
But unfortunately AutobinaryEA still has its significant shortcomings. The first of them is the suspense. Any professional trader always tries to get to the bottom. He seeks to understand the processes occurring in the market at present. The same applies to any indicator. Before you use it, you must understand the basis and the mechanism of its work. Only then you can freely use its signals. And what happens to AutobinaryEA?
It is this uncertainty that is so much frightening professional traders. It is not known exactly on what principle the system works, what really lies at its core. Ostensibly it is the secret development and for this reason robot’s creators do not want to say what exactly provides the signals to the trader. There is one thing that can be safely said – it is not a person, but rather some kind of indicator. And if there is an indicator, then there are some malfunctions and false alarms. That fact already tells us that the program is clearly not unique or perfect.
Thus, AutobinaryEA is another program for binary options, which, by the assurance of those who actively uses it in their trade and succeeds in this, can be used even by the rookie traders. However, such programs should be treated with caution, as they still have many controversial aspects.
That’s all for now. Got any questions? Just ask the expert!