Traders of binary options are always looking for the next best strategy and algorithm to improve their edge in trading the markets. OptionBit which is a broker just released a new algorithmic trading signal generator system that is included in their clients trading software.
Algorithm trading in plain English is using the power of a market scanner to continuously seek out the best trading opportunities with the highest risk reward profile to implement in your portfolio. Since the human mind is only capable is processing so much information, traders employ algorithms to do the work for them, by finding areas in the stock or currency market that are trending and starting to form a pattern.
What Algobit gives you are some preset signals that alert you to where the action is currently. The hardest part for an active trader is having the ability to monitor several markets at the same time. So when you find yourself looking for a good entry point to trade say Oil or Gold, you may miss out on what is happening in the equity markets.
Some features you will find in the Binary Option Algorithm software are:
- The algorithm does the hard work for you, so you will not need to be a techie.
- After you chose a ticker, the algorithmic software automatically shows the current direction.
- The algorithm is made to predict the direction of the trade.
- You receive real time signals, and when the markets change direction, the algorithm automatically changes to give you a more accurate trading signal.
Signup for OptionBit’s Algobit here. (OptionBit is CySEC regulated and does not allow traders from the United States.)
Signup for GOptions here.