There has been received a widespread in recent years by the so-called “robots” that are engaged in trading through an independent algorithm, which is often known only to the robot and the person who wrote it.
Traders can treat such robots in different ways, but it should be remembered that their use may increase the risk while trading binary options, instead of actually helping in the trade, facilitating basic tasks of the trader. The fact is the most often the robot implements a particular algorithm regardless of the situation in the market, thus without reacting to changes of the market trends. In today’s article we’ll examine one of the most popular robots to trade binary options – U-Bot.
Utrader company for already a few years provides a service of automated trading through the robot U-Bot, and probably everyone who is interested in automated trading repeatedly came across this service advertising on the Internet. Let’s face it. Especially because now automated binary option trading support is increasingly gaining the right to “life” in the exchange trading.
The developers of the bot assure potential customers that it is a safe algorithm. That is the trader forgets about a loss on the transaction once and for all, since U-Bot just does not allow losing trades.
The authors write about the mechanisms that allow “automatically play the rates in the next transaction, in case of failure.” Behind that phrase hides a fairly simple meaning – U-Bot uses the martingale principle in its trade when after losing the lot there is a new one, which increases the new lot in such a way so as to compensate for the loss from the previous trading session and besides earn on a new bargaining.
To be able to trade with this robot, you must first register on the product’s creators’ site. What actually the user agreement is? This is an agreement, which is concluded with the site administration. If you accept the terms of this agreement, the agreement is activated and it is believed that it should be completely read and all the provisions that are listed should be accepted. A distinctive feature of U-Bot robot is also cooperation with only one broker.
The algorithm of the automated trading mechanism copies the trades of real traders. That means there is nothing fundamentally new in the work of U-Bot robot. It operates on a system that has been used to trade profitably in the financial markets for a sufficiently long period of time.
To be more precise, the company Utrader keeps constant statistics and evaluation of the clients’ trade. The traders, whose trade statistics for a sufficiently long period of time exceeds 70% (i.e. 70 profitable trades account for only 30 unprofitable), form a separate group, which is a generator of trade orders for the robot U-Bot.
In fact, the work of U-Bot is a very profitable algorithm.
In any case, it’s up to you only, what is the U-BOT – an obedient and highly profitable bot or a two-faced monster. And while you are thinking at this point, someone continues to make money with this robot. Moreover, the trade with this robot is possible in a manual mode either, which makes trading even more predictable.
That’s all for now. Got any questions? Just ask the expert!