Option Robot Scam Review
Option Robot is a new binary options system which has been released in the last week or so. On first impressions, the design of the site looks stunning. The crisp graphics and original looking logo set this aside from any other binary options software I have seen in a long time which is a very positive sign from the outset. The page claims that the app has an average winning rate of 83% which is significantly less than most of Option Robot’s competitors but while this may appear to be a negative for the product, I see this as a positive. Any binary options system claiming an average of over 90%, in my opinion, are exaggerating their success rate. Option Robot are much more likely to be giving a genuine figure based on real trades but we’ll see for sure when I test the software out.
Option Robot doesn’t have the sales video which we have become accustomed to so we have to study the site itself for any indication of how the software works. A little more than half way down the page, we see that Option Robot offers three types of trading system, each vastly different from the last. Firstly, we are given the “Classic System”, which I assume to be a system in which the financial news is taken into account when the software decides on which trades to place and in which direction.
Next, we are given the “Martingale System”, which must be named after one of two theories. The first is the Martingale probability theory which states that knowledge of past events never helps predict the average of future winnings. For example, you could have placed 30 trades where 28 were winners and 2 were losers. Based on this knowledge, you couldn’t possibly predict whether the next trade will win or lose. The second theory which could be and is more likely to be the source of the “Martingale System” is the Martingale betting strategy. This strategy was designed for a game of two outcomes, such as flipping a coin, and was popular in 18th century France. The strategy had the gambler double his bet after every loss, the theory being that his first win would recoup all previous losses plus win a profit equal to the original stake. The probability that the player will eventually call a winning bet makes the Martingale strategy seem like a sure thing, however, the exponential growth of the bets will eventually bankrupt the player, which it obviously has on many occasions.
The Third and final system featured on the site’s homepage is the “Fibonacci System” which is probably named after the Fibonacci number sequence. This sequence is, by definition, an integer sequence which starts with either 0 and 1 or 1 and 1. Each subsequent number is the sum of the previous two, making each number exponentially larger than the last. The sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34… and so on. I don’t really know what this number sequence has to do with the trading system if I’m completely honest but maybe we’ll find evidence of it later.
I think that the risk associated with the Martingale Strategy and the lack of explanation behind how the Fibonacci number sequence helps us as traders will prompt me to cautiously stick to the “Classic” system, at least for now but maybe if that works, we can have a look at how good the others are.
The Sign Up
Something I really like about Option Robot is that you can choose which broker you use which is a rare occurrence in binary options, particularly with auto trading systems. Featured are a number of trustworthy brokers that I have used before. A second feature which sets Option Robot totally aside from its competitors is that they offer a demo version of the software which you can use before making your initial deposit. This is a good way to see that the software really works, after all, the company will do everything they possibly can to make the software successful, otherwise, why would anybody deposit any real money with their broker afterwards?
My Thoughts on Option Robot
I think I’ve covered enough reasons why Option Robot is in a class of its own when it comes to binary options auto trading. I can’t think of another system of its kind to offer a choice of brokers AND a demo account.
If you like what you see and you want to check out the site, please feel free to click the link below to take a look. Hey, you can even sign up and try the software in demo mode for free! Don’t forget to subscribe to my YouTube channel if you haven’t already to stay up to date with my video review series.