As we have already mentioned before, Algobit software is able to execute trades automatically. It receives binary signals and executes the when the best market opportunity comes by. According to the Algobit, the software analyses the market and follow various trends simultaneously. Algobit review found out there are two available options traders can choose – automated or manual trading.
Those who prefer automated trading will basically rely on Algobit software and settings they set according to their preferences. According to the Algobit, it’s indicators are calculating and determine the direction of underlying assets on the market. The hard part is being done by Algobit and traders just need to:
- Define preferred expiry time
- Set trading amount
- Select “Trade”
- Confirm the trade
Algobit allows traders to trade against the determined direction. This way traders can change their mind during the trading. Traders just need to click the opposite direction on Algobit interface and again select trading amount and expiry time. The page has to be refreshed so Algobit can take action and apply new settings.
Algobit review showed this binary robot welcomes traders to choose trade manually. If this method is used, traders must know they are trading without the help of Algobit. Manual trading includes choosing the asset to trade, selecting the direction and the amount trader wants to invest in. The last step is to confirm the trade, which means Algobit will execute the trade.
Algobit software will show the result after the trade is executed. A green box means that trade is in the money and red box means that the option is out of the money. Traders will be able to see detailed information about the asset they will trade with – the direction they have chosen, the countdown and the result.
Algobit review has found out that minimum trading amount is $10.
Our Algobit review has found that this robot doesn’t provide traders with demo account feature. This means traders will invest ad trade with their real funds so they have to be aware there is risk included while they trade. OptionBit broker also don’t provide traders with this option, so traders don’t have the option to test the platform and place trades with virtual money first.
Algobit provides their traders with a video introduction and handbook guide that will present the software and all its features.
Traders are offered to choose various expiry times with Algobit. The software allows traders to choose expiry times when auto trading with this software or when manual trading is activated.
- 1 minute
- 2 minutes
- 5 minutes
- 15 minutes
- 30 minutes
- End of the day
After all, we have to say this is a user-friendly software that allows traders to trade automatically and manually. Algobit review found this software offers to trade only with one broker and the minimum deposit is $250.
Allegedly, Algobit allows up to 81% payouts and no downloads are needed in order to start trading. We haven’t noticed Algobit has developed a mobile app for smartphones or tablets.