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Binary Option Trader Settings

OptionTrader.pro 10/08/2016, 7:19 PM

With numerous automated systems for binary options trading being developed, most of them are different. In the major share of those automated trading systems no control is granted to the trader over the settings that the system will make use of in executing trades on account of the investor. Indeed, the traders might be given the possibility to decide on the amount of funds for each trade, but apart from that, they will have no command of the system applied by the automated system.

At OptionTrader.pro, the trader is offered a range of settings that can be manipulated, so the Trader will conform to the investor’s instructions per se. We will describe the settings one after the other to give you a comprehension of the settings that can be handled as soon as you create an account with OptionTrader.pro and enable OptionTrader.pro to execute your binary options trading for you.

OptionTrader.pro Indicators
As an investor, you can choose what indicators will be applied to act on trading decisions of OptionTrader.pro for your account. You may choose to enable all indicators, or disable several of them.

OptionTrader.pro uses the following indicators:
• TREND: As its name suggests, this indicator focuses at the general market trends. The Trader will define if it’s the right time for Calls or Puts through the Trend Indicator.
• MACD: Short for Moving Average Convergence/Divergence, MACD is commonly employed as an add-on to the above TREND indicator, and used to determine the difference in values between the two moving averages. Forecasting is made by plotting them against history.
• RSI: This abbreviation is short for indicator Relative Strength Index. Basically, if prices are low, the majority will buy, and if prices go too high, nearly all will sell. Generally, it appears rewarding to stick to the mainstream systems.  
• STOCH: Developed by Dr. George C. Lane, Stochastic Oscillator is an indicator that measures the momentum and the speed of the price and identifies trades according to the dynamics.
• WILLIAMS: The Williams indicator measures overbought and oversold areas to attack them, typically in short positions. It can be called an RSI indicator simplified.
• CCI: The Commodity Channel Index, developed by Donald Lambert, is a versatile indicator, generally used to measure the current price level relative to an average price level over a fixed period of time, and applies that average to identify trends.
As we mentioned earlier, you can disable the indicators that you choose to ignore at OptionTrader.pro.

OptionTrader.pro Trading Methods
In the settings, you choose one of the three trading methods:
• Classic method, which is regarded as the securest one;
• Martingale method, which can be very profitable, but also more risky;
• Fibonacci method, which is considered the most accurate system.

OptionTrader.pro Currency Pairs
Currently, OptionTrader.pro is dealing with currency pairs. You choose which pairs you wish to authorize Option Trader to exchange. You can select one, a few or all of the following currency pairs:

• EUR/USD
• USD/CAD
• GBP/USD
• AUD/USD
• EUR/GBP
• EUR/JPY
• USD/CHF
• USD/JPY

OptionTrader.pro Expiries
The investor decides what expiration times will be used by OptionTrader.pro. You can pick 60 sec, 5 min, 10 min, 15 min, 30 min and 1 hour.
Various brokers offer different possible expiries. Please, read our article on the best settings of expiration times for each broker before picking a broker.

Trade Amount
The trader can determine amount for each trade. The minimum is USD5 while the maximum is as much as USD500 with steps between these two limits.

Simultaneous Trades
The investor is also able to set the Option Trader on the number of simultaneous trades that will run at any particular time. This setting varies between 1 and 8.

Conclusions
Clearly, OptionTrader.pro offers the trader more control over the automated system that can be configured according to you desires. The investors’ criticism of other automated trading systems derives from their chaotic manner of trading. The traders appear to lack the idea of a style the automated system adopts. With Option Trader, you are able to make choices and decisions, while the system will trade in compliance with your needs.
Should you have any questions, or if you are interested in some other highlights, just have your say and we will answer your questions, if possible.

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Risk Warning: Trading in Binary Options may result in the loss of part or all of the invested funds while trading. You should carefully consider whether this activity suits your needs,your financial resources and your personal circumstances. Results depend on real time asset prices, option expiration time (60 seconds to 6 months) and your initial investment  which may be forfeit if the trade expires out-of-the-money.

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