Most bots I've used just trade based off a single signal from an indicator and take dumb trades. Many indicators have a hard time clearing a 55% win rate but with a lot of capital and a decent signal system (like a bot that will take a trade once 2 or 3 different indicators line up) there's big...
Many traditional traders say it is a scam because of the negative profit percentage. IE if you trade $1 with a payout of 92% you are risking 1 dollar for a profit of only 0.92 however if your trades are accurate or your win rate is over 55% you can definitely make good money in binary. Early on...
I haven't had any scam brokers in the past there were some fake brokerages that closed down and ran away with their clients money but those where in the early binary days I currently use pocket option with no issues despite constant claims of it being a scam I've never had issues.
MT2 trading has a automatic binary bot that I have been using in MT5 (it's only a free trial the full version takes a subscription)
The bot uses indicators and trades based off their signals however, the results haven't been very good very few indicators get an over a 55% win rate. A high...
I trade in pocket option and have made as much as $5000 in less than 4 hours however I lost all that money even more quickly. I recommend you find a strategy (test in demo) and make sure it wins more than it loses. Trade a set, small amount. Do not double up trades to win back losses this will...
Automated trading generally takes signals FROM indicators so the answer would be both. For binary options I'm testing out MT2Trading and it seems ok so far but many signals are unreliable. If starting out your best bet is to get better and find indicators that work well starting with a bot is a...