Advanced Automated Trading Software
Black Box Robot is an automated trading robot for binary options trading. The software is made with a variety of trading algorithms, based on technical analysis indicators like RSI, Fibonacci, Bollinger Bands, and Price Action.
The use of robots and algorithm software has become very popular now with investors trading binary options. A binary options trader can choose which assets, and which trading strategy to execute the trade signals automatically at their binary options broker.
The purpose of the Black Box Robot is to create a software with which the user has the ability to control certain aspects of the automated trading robot, and increase the probability of profits.
There are many risks involved using a Software, Auto Trader or Robot for binary options trading.
Although the algorithm behind the system was developed by real forex traders, there is no such thing as a perfect system. The way traders profit from algorithm trading, involves constant monitoring of the trades that the robot produces.
A trader must constantly analyze the accuracy of the trading signals for each asset it is trading.
For example: A trading algorithm may have a 90% success rate when it comes to signals on the EUR/USD, but when the same algorithm is applied to the GBP/USD the results are only a 10% success rate.
The Black Box Robot includes a few risk management features like Daily Stop Loss, Daily Take Profit and the ability to control the number of trades per day and simultaneous open positions. It is important for anyone using the Black Box Robot software to understand the risks involved in using the software.
Binary Option Brokers
In recent years many fraudulent binary option brokers have opened. These fake websites are not licensed or regulated by any government financial regulator. They have flooded the internet with trading robots that promise 100% accuracy and money back guarantees.
The Black Box Robot is only connected with brokers that are licensed and regulated by either IFSC, CySEC Cyprus or ASIC Australia, see here. The software itself is not a licensed product, and there are no guarantees it will produce positive results.