Using auto trading software could be a great way to improve your trading style and it is much more convenient than classic binary trading. In this article, we will present the robot who claims to be the best auto trading software on the market.
Best Auto Trading Software Does Not Require Download?
Operating on a practical mechanism, Binary Options Robot can be easily set up for use, enabling the trader to quickly execute the program. It is easy to use even for beginners and an interesting tool for experienced traders. The software is highly compatible with many brokers.
Auto Trading Should Mean Freedom?
Binary Options Robot leads the auto trading revolution that is sweeping the binary options world. Both enable 100% freedom with their auto trading process that runs from the cloud.
By using the Binary Options Robot, traders have level of control over their investments and are able to manage their financial situation at any time in a efficient way. Trading Copier is the functionality that enables the software to place generated signals as trade with the registered broker.
Binary Options Robot claims that the software is 100% automated but traders still have to accept every trade. This provides them with additional control and increased level of security.
Compatible with Mac, Windows, mobiles, and tablets, Binary Options Robot trade copier is seen as one of the first multi-platform solutions of this kind.
Let’s repeat the important points about what makes the best auto trading software
- the modern server-run trading process
- efficient trade copier
- high win rates
- easy setup and settings
- best binary brokers
- it is FREE
As mentioned, for now, Binary Options Robot satisfies these criteria.
Binary Options Robot is the winner of two FBO Awards, in 2014 and in 2015 for Best Signals & Auto.
Binary Auto Trading Review
One of the main features of this kind of service is that it requires just a few simple steps to be followed by the trader, and, as it is very easy to understand, it is also a great time saver.
By using advanced techniques and strategies, the software does most of the work, as the platform is based on complex algorithms irrelevant to the trader, and the trader just needs to set some parameters. Thus, the automated trading does all the logical thinking in order to come up with positions and trade for the user.
Traders can register online on the website. All they need to provide is personal details, a phone number contact, and within 24 hours a broker representative will contact them to determine the parameters of their account and how it should be auto-traded. Then, the next step is to fund the account and traders will be able to see the trades being placed automatically, with a 100% of transparency as well as be aware of the progress at any time they wish.
Some examples of auto trading software that we did not find that good:
eSignal Auto Trading Review
eSignal Trading Software is an award-winning trading software. Specially designed to fulfill the needs of a certain segment of customers with custom technology, the online trading platform offers online charting tools, streaming stock quotes and access to brokers.
Featuring new and improved product functionality and enhancements, eSignal 11.7 trading software creates and trades custom spreads and pairs through automated trading BETA and custom VWAP Calculations with the VWAP Calculator. Besides, there are hundreds of technical analysis indicators and indices worldwide included. Sophisticated drawing tools and alerts thanks to the eSignal Formula Script are able to adjust and build strategies.
eSignal Advanced GET can be obtained for $295 per month or $3,995 annually. For the monthly cost, subscribers get eSignal Premier, Plus or OnDemand, and the annual plan allows participation on a free seminar and earning $700.
The system requires Windows 7, Vista or XP and a minimum of 3GB RAM to be able to backtest, display 5 to 10 charts and 15 or more drawn objects on a chart. All traders need to do is follow the steps for download.
As can be expected, the eSignal software cannot be classified as the best auto trading software for several reasons
- it has to be downloaded
- it costs $295 per month
- not fully automated
- not easy to use, requires tools.
Etna Software Auto Trading Review
Etna Software is a company that has been operating internationally as a technology solutions provider for financial markets around the world for over ten years. Responsible for creating custom trading software for all kinds of assets, especially Forex and binary options, the company is proud to be a member of FXI Protocol and its products have obtained excellent awards, such as Barron’s Magazine as the best online broker-dealer.
The company´s automated trading platform Etna AlgoCloud is a robust and state-of-the-art one, enabling high performance strategies and allowing traders to make use of a platform for algorithmic trading known as ergonomic, user friendly and quick interface. Some of the best features are great connectivity to several execution venues, integration with a variety of market data feeds and also status alerts via email and SMS.
The Robot is a trusty algorithm trading software powerful and capable of running dozens of strategies at the same time. Besides, it is one of the wide portfolio cases collection developed by Etna in terms of trading software. Extremely efficient not only for Forex trading, but also equities, commodities and options, Etna Software implemented a platform for options trading supported by Sogotrade (a subsidiary of Wang Investments) and is highly appreciated by several professionals on the market.
In relation to the binary options trading market, Etna Software is a known professional developer of custom software for options trading. So, after login, traders are able to view charts in real time for that specific Forex or binary options. And the main features the user will find are customizable watchlists, notifications , and alerts, historical and intraday charting, as well as real-time market data, streaming.
After the successful implementation of Options Trading Platform, Sogotrade Stock Trading Center software was included to their system for traders, allowing them to trade stocks and mutual funds. The HTML-based website enables real-time streaming of quotes and news, the multilanguage user interface (English, Chinese) and also the possibility of trading stocks in pre- and post-market sessions.
Using Etna Software system has a lot of benefits, however, one must consider the fact that it is not very user-friendly since it is mostly focused on corporate customers.
TradeStation Auto Trading Review
TradeStation is one of the most known and recognized trading companies that offers the best in terms of quality in the trading business to the traders worldwide. Aware of each and every trader´s needs, the company also offers the ability to back-test and paper-trade their ideas before really going into trading and money risking.
The company has very competitive prices for options, stocks, futures, and Forex that help the trader to manage the costs and build confidence to know how much will be spent on a next trade. The other relevant characteristics of TradeStation are:
- Platform that can be used anywhere in the world, as long as an Internet connection is available.
- The company is helping the trader to ensure data accuracy if, by any misfortune, the Internet connection is down. By doing this, the trader is still able to profit from the opportunities.
- Opportunity for a trader to test strategies across all market circles (stocks, options, futures and indexes) by using the platforms intraday and daily data.
TradeStation provides a great combination of numerous active sources, such as Nasdaq, BATS, Direct Edge and ARCA, as well as real-time market indices which can be unavailable in other platforms and here in Trade Station, the trader gains exclusive access.
Whats new in TradeStation?
TradeStation 9.5 is fully integrated with the TradeStation engine, and traders can experiment a new Optimization API, seen as powerful new tools for developers. Besides, the platform worked on improving the processing speed and enhanced search functionality, as well as improved graphics and performance.
Regarding the Web Trading features, traders can get real-time streaming quotes updated continuously throughout the trading day. It has fast and convenient charting capabilities, including several features such as interval and symbol connections available to be found at the intuitive interface and helping to locate symbols in a quick and efficient way.
It is possible to contact customer support by email or phone. Educational training through TradeStation Academic Program is provided, as well. It is offered to college students and professors free of charge. Access the Event Center, Community, and Labs online. A 90-day trial is available to all clients who open an account.