Binary PowerBot Robot Review – Fully automated trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Binary PowerBot Robot Review – Fully automated trading

THIS SERVICE IS NOW CLOSED. (see the best alternatives here) Binary PowerBot is a product which has been 3 years in the making. It is the result of a collaborative effort put in by a professional team of Maths gurus, experienced brokers and coding specialists.

The robot is build to analyze the market and find trading opportunities and allow users to implement the signals manually or using a completely automated push service.

Upon development, extensive testing, re-testing and optimization on the platforms of various brokers, the BinaryBot team have delivered not only a very interesting product, but also one that is affordable to everyone. At a single payment of only $69 Binary PowerBot offers the cheapest access to fully automated binary system. But is this robot any good? Let’s find out.

How to trade with the Binary PowerBot

One of the best features of the PowerBot system is it’s ease of use. Literally anyone can use their online trading robot with minimal effort. It is a completely web-based system on a fully responsive website accessible via any browser.

The above screenshot shows the complete system. All trading is done via this online platform. There is no need to jump between your signal service and your broker any longer. Whatever you trade on this system will automatically be traded on your broker’s platform because these two are fully synchronised.

To begin trading manually simply look at the signals with the highest confidence score (rated out of 5 and positioned on the left below each currency pair). The higher the confidence level the greater probability of the signal being correct. The signals are based on technical analysis and automated algorithms, however unlike some other signals we have reviewed earlier, PowerBot signal users don’t have access to additional charts to see how the signals are formed. There is a minimum amount of information that is presented to the user rendering this system very straightforward.

The other thing that you need to do to place trades manually is to look at the expiration timer that loops like a clock and shows you how much time you have left before the signal loses strength and expire. This is a nice visual that is also very easy to follow. From experience we can share that it’s always best to trade at the beginning of the signals rather then towards the end when the signals get weaker or the trend changes. Most trade opportunities are turbo trades of 60 seconds, 2 minutes, or 5 minutes expiry times.

The last thing that the user needs to do in the manual mode is to type in the amount of the trade in the box and click the ‘Trade now’ button . The trade will be immediately executed and it’s progress shown below in a coloured box. As you type in the trade amount you will see your potential return in the little green box next to your trading amount.

These three simple steps basically outline the entire experience of manual trading using the Binary PowerBot Robot online. It is not a complicated process, let’s agree that a child could do it successfully to sum up how simple it is. But the team and creators of the PowerBot robot went one step further and added the possibility to set this whole trading experience into a fully automated mode.

Trading binary options using a fully automated mode

It is also very easy to switch this entire system into a fully automated mode, a robot mode, in which trades are taken automatically as soon as a strong signal with a high confidence score appears in the system.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

All you need to do is set a default investment amount in the box and switch auto trading to on. Th box to do that is on the left side of the screen below your account balance. To follow sound money management we recommend setting the default amount to not more than 3% of your account balance.

Once the automatic trading is turned off you can watch the screen to follow the trading activity that is happening without any of your input, or go for a nice run outside. The binary robot takes care of the rest. Although it’s a completely hands off we wouldn’t actually recommend switching the robot on automatic and leaving it for the whole day and night. That could prove fatal.

Our tests show that trading in the automated mode is effective and brings in profit during the overlap of London and New York sessions.

This is very normal for signals generated automatically via technical analysis. The Powerbot robot signals are for turbo trades (1-5 min) so they need a lot of market volatility and movement. The London/New York session is where most volumes is traded so the signals are much more reliable.

Connecting Binary PowerBot to a broker account

When you purchase the signals you will receive a link to register a new account. It’s a very brief registration form that will register your Binarybot account, as well as, your new account with Cedar Finance broker whose trading platform is linked to the Binary PowerBot robot software. So when you trade online using the PowerBot system you’re effectively placing trades with Cedar Finance brokerage firm.

Using your available demo funds

Once you register you will be instructed to fund your account. You will also be called by one of their representative to confirm your registration. As soon as you access the system you will notice that you have been given $500 (if you choose a Dollar account as opposed to Pound or Euro) as demo to test the software and the entire system. The demo expires after 3 hours of automated trading, and then you will need to fund your account. Remember that the funds are used for trading, this is not an additional payment for Binary PowerBot. Of course if you already have an active account with Cedar Finance you can link to it by logging to the system with your existing login details.

Expect to receive many signals a day

The binary PowerBot robot generates many signals a day, sometimes even as much as a two hundred. No other signal provider generates that many signals. However, not all PowerBot signals have a high confidence score. The confidence level is rated out of five, with five being a very good trading opportunity. There are significantly less signals with a perfect confidence level, however you can still expect to receive at least 10 high quality signals a day. When you switch the robot to fully automated trading mode it will only take trades with high confidence score.

Social trading on PowerBot website

The PowerBot interface displays a social feed of activities of other traders using the system in real time. The feed is in a form of a box located at the lower right side of the screen and acts only as an insight into what is happening on the trading platform. Although it looks interesting it doesn’t actually add any value to the actual trading experience. You can see how much other traders deposit and how much they win, but you don’t see how much they lose, which would be nice to see the whole picture rather than just a fraction of it.

Also there is a trader activity indicator right under each asset with a number of traders who are trading the signal. This is dynamic and changes with more trader activity. It’s interesting to see that there are many traders who act on weaker signals too. However, we strongly recommend following only the signals with the highest confidence levels.

Profitability of the PowerBot trading robot

The Binary PowerBot team claims their robot repeatedly achieves 81% success rate. The trade performance of the software has been gathered from more than 12,000 users who have purchased this product, and there have been similarities in performance when assessed on a user to user basis. When we tested the system our £615 account increased to £816 within 1.5 hours of trading the London / New York sessions with the default trading amount set to £10, which is the minimum trade amount (or $10, €10) on the BinaryBot/Cedar Finance platform.

* Please bear in mind that in trading past results do not guarantee any future results.

Asset types traded and trade expiry times

The Binary PowerBot only trades currency pairs and there is no preference on what currency pairs are traded. The robot trades 24/7 as long as the markets are open. Most PowerBot signals are for very short expiry times of 60 seconds to 5 minute trades.

Things to consider before using the PowerBot signals

As with all automated software the results may be unpredictable. One day the software may produce outstanding results but the next day it can blow your account. Markets are never 100% predictable and there is no software out there that can produce 100% wins or even 90% success rate. It’s simply impossible to know whether the automated robot will give you a fantastic return or a loss. There are things you may do to increase your robot’s chances. For example setting the automatic mode only during certain hours of market activity.

If you’re an aspiring trader this system won’t teach you anything about trading. There are no charts provided for any insights to the structure of the signals, and you can’t see why the signals are being shown or how they are generated. If you want to learn to trade properly the best thing to do would be to subscribe to live trading sessions, such as Binary Options Trading Signals.

Main features of the Binary PowerBot Robot

  • Simplicity of use – All the trader needs to do is simply to fill in tiny registration form to link the robot with broker.
  • Fully automated – The Binary PowerBot software works in a fully automated way.
  • 60-Day Money Back Guarantee – If you are not happy with the software you can claim a return within 60 days of purchasing.
  • All trading activity is done via a single interface – The software has a built in broker platform
  • Strong signals with highest confidence score – Trading the signals with the highest confidence levels active for at least a few seconds produces very good results
  • Perfect for novices – The PowerBot Robot is so easy to understand that anyone can trade using its platform
  • Accessible via mobile – Access to the robot is via a fast and fully responsive website that works with mobiles and tablets
  • Single payment of $69 – With a price tag of only $69 the Binary PowerBot robot beats its competition entirely

Customer support and a LIVE chat

All correspondence emails will present the contact details of the Binary PowerBot team. You can, therefore contact the customer support team using the email address but the easiest method to contact the support team is via the Live Chat widget located at the bottom right corner of the screen. The support is active during all hours of market activity.

Purchasing and getting started

SERVICE IS NO LONGER ACTIVE. A user is expected to buy access to the Binary PowerBot trading robot by clicking the payment button on the Binary PowerBot webpage. The trader is then sent to the payment portal where payment of the subscription fee is made using a credit card or Paypal. Once payment is completed and successful, the trader will be sent setup instructions on how to link the trading account to the software, as well as a link to the user area on the website.

The trader is also expected to open a trading account with a recommended broker and deposit money before using the signals.

Cost of Binary PowerBot Signals

Access to the Binary PowerBot is attainable for a single payment of only $69.

There is a 60-day money back guarantee for this product in keeping with ClickBank guidelines. So if you use the product for two months and the outcome of the signals does not meet your expectations, you are free to request your money back.

Conclusion

This offer from Binary PowerBot looks good on paper. The fact that there have not been any major complaints in forums where we know dissatisfied traders usually come around to expose a bad software along with many satisfied reviews from traders gives the impression that the software actually delivers on its promises. Even though there is no evaluation period (free or low-priced), the 60-day money back guarantee provides enough security for traders to try the product risk-free for two months. At a one-time fee of $69, this product is a fantastic bargain.

Binary PowerBot Robot Review – Fully automated trading

This is an in-depth review of the BinaryRobot365 trading service based on automated trading on user accounts.

Mr. Signals Review – Binary Options and Forex Signals Daily

UPDATE – This service is no longer active. There is a new, formed in 2020 binary options and Forex signal service called Mr. Signals and this is a full review of their signals.

Exchange Traders Review – Live Trading Sessions

UPDATE 29.12.2020: This service is no longer operational. Links might point to a similar service. This is a review of live trading sessions called Exchange Traders that is run by the same traders who gave us NightOwl signals. This is the first fully dedicated binary options trading service focused on Nadex. For those who don’t know, NADEX is the only regulated options exchange in the USA.

BTCoders Software Review – Is It a Scam?

LATEST UPDATE – THIS SYSTEM IS CURRENTLY UNAVAILABLE. See alternatives here. Perhaps you have come across BTCoders system and you’re wondering whether it’s worth your investment. This is a full review of the system which is designed to trade Forex and Binary Options.

UOP Binary Options Indicator for NinjaTrader – Full Review

This is a review of the UOP Binary Options Indicator currently being sold for $97. This is a semi-automated method of trading binary options using your own charting software such as MetaTrader, ThinkorSwim or Ninja Trader.

Binary PowerBot Robot Review – Fully automated trading

THIS SERVICE IS NOW CLOSED. (see the best alternatives here) Binary PowerBot is a product which has been 3 years in the making. It is the result of a collaborative effort put in by a professional team of Maths gurus, experienced brokers and coding specialists.

7 Star Signals Review – Web-based binary signals

UPDATE – This service is no longer available. Go to a review of the best alternative. 7Star Signals is a binary options signals company which is made up of a team of expert traders who help others identify and profit from opportunities in the marketplace.

Auto Binary Signals Review – System by Roger Pierce

Here is a full review of Auto Binary Signals which is an automated or a manual binary signals service created by a successful trader, Roger Pierce. He claims to have developed a “superhuman” binary options trading software which made him more than $273,000 in 30 days in trades. This success was supervised by a private hedge fund. Pierce became a binary options millionaire at the age of 49.

Night Owl Binary Signals Review

THIS SERVICE IS NOW CLOSED. (see the best alternative) Here is a full review of the Night Owl Signals service which is a trading room-based system.

Quantum Binary Signals – Full Review

THIS SERVICE IS NO LOGER OPERATIONAL. See better signal service here. Quantum Binary Signals is a binary options signals service which works by sending professional signals, 3 to 5 a day, to the trader’s mobile phone for manual implementation on a binary options platform.

The Binary Signals Service From Expert Traders

Editor’s note: As of 2020 this service is no longer available. Please see winning binary options signals here. These signals are delivered via SMS text or email in real time. They are not generated automatically by pre-programmed algorithms but are sent by real trading professionals who study the markets on continuous basis. The company claims to have well over 6000 satisfied customers.

Binary Options Pro Signals by SMS Text or Email

This is a review of Binary Options Pro Signals which claim a winning rate of 72.5%. NOTICE 2020. Service no longer operational. See other trading signal providers

Binary Options Trading Signals by Franco – Full Review

Here is a full review of Franco’s Binary options trading signals (BOTS). Find out if they’re really worth the subscription fee. Franco’s signals receive very good reviews from users.

Binary Power Bot

Binary PowerBot is a product which has been 3 years in the making. It is the result of a collaborative effort put in by a professional team of Maths gurus, experienced brokers and coding specialists as a solution to the market need of getting a robot capable of placing trades automatically on a trader’s account. The robot is build to analyze the market and find trading opportunities and allow users to implement the signals manually or using a completely automated push service.

Upon development, extensive testing, re-testing and optimization on the platforms of various brokers, the BinaryBot team have delivered not only a very interesting product, but also one that is affordable to everyone. At a single payment of only $69 Binary PowerBot offers the cheapest access to fully automated binary system.

The finest live financial data feeds
It can offer automated signals that you ought to use in putting your trades
It provides effective and also 100% correct results
Lets you experience effective trades and acquire higher returns
It is simple and also simple to use

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading Secrets
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: