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  1. #1
    Rookie Member

    An automated trading system for beginners - "Auto Binary Code" !!!

    Hey,

    I just came across an automated system for trading binary options called "Auto Binary Code". Is seems to be very easy to use, even for complete beginners. They claim to have a success rate for the binary trades when using this system of 85-90%... I don't know if I buy that! Nevertheless, the system is free to download for a 90 day trial period. After that you have to pay for the usage, differently depending on the size of your trading. If you want to test it, or if you have tried it, please, let me know your experiences with it!!

    Here is a video presention of the trading system: "Auto Binary Code". I do not like the style of this selling video, but I find the trading system that you can download from this link very interesting and have heard positive feedback from users. I will probably give it a try.

  2. #2
    Specialist Member TAllen1429's Avatar
    You need to be extremely careful, especially if you are a novice, when confronted by tools offered such as this one because over 95% of them are complete junk. My analysis indicates that this one falls well within the 95%.

    For instance, don't get taken in by an extensive free period. Most of these products are really ploys just to get you to subscribe to promoted brokers. This means that these con artists make money from broker commissions irrespective whether you are losing or winning when trading their tools. Be in no doubt, you will lose!

    In addition, the performance of automated systems is highly dependent on which broker price-feed you are using. The results can vary greatly depending on your choice.

    This product is again supported by the same old distasteful techniques such as long drawling sales letters or videos. Let's see some real proof instead by displaying live trades and/or verifiable historical data.

    If you are new to binary options, then you are far better advised to study the professional advice offered by the experts on this forum. Don't get taken in by the images of fast bucks that are always promoted by tools such as this scamming piece of garbage!

  3. #3
    Administrator Martin Kay's Avatar
    The more easier the system is, the less likely it'll be real and profitable. Nothing comes easy. Sorry.

  4. #4
    Legendry Member willyw's Avatar
    Quote Originally Posted by Aston View Post
    Hey,

    I just came across an automated system for trading binary options called "Auto Binary Code". Is seems to be very easy to use, even for complete beginners. They claim to have a success rate for the binary trades when using this system of 85-90%... I don't know if I buy that! Nevertheless, the system is free to download for a 90 day trial period. After that you have to pay for the usage, differently depending on the size of your trading. If you want to test it, or if you have tried it, please, let me know your experiences with it!!

    Here is a video presention of the trading system: "Auto Binary Code". I do not like the style of this selling video, but I find the trading system that you can download from this link very interesting and have heard positive feedback from users. I will probably give it a try.
    Beware of theses tools and apps out there. As Martin says, nothing comes easy. There is no harm trying it out for a 90 day free trial but after the free trial when you pay then perhaps you might be running at your own risk. Many of these tools would not last for 4~5 months and the most is 6 months then they will fail to work. So be very careful.

  5. #5
    Rookie Member
    This tool lasted a week for me before the demo account expired even though it was supposed to be a free trial for ninety days.I spent ages on youtube and google researching it but the advice here was more straightforward and less confusing. At least it introduced me to binary trading and glad I didn't invest in it after all. Thanks

  6. #6
    Legendry Member Michael Hodges's Avatar
    If you want to get into trading you should pick a tool/strategy and learn to use it. Try to avoid short time periods, daily charts and signals are perfect for newbies. It takes time and practice but is also very rewarding in ways other than money.

  7. #7
    Rookie Member
    Thanks for that advice. I think I will try to develop a strategy to start with on the demo account on this forum. So far I have learned that the best thing to do is spend some weeks learning here on this forum before considering any trading. Can you recommend a good signals tool or will I just try and learn to do it manually first?In your experience,is it better to learn to use the daily charts than start off using signals?

  8. #8
    Rookie Member
    Unfortunately this tool only use their recommended broker. If we can choose the broker freely, it is an interesting tool to be used.
    I am afraid that we are unable to withdraw our money back in the future.

  9. #9
    Rookie Member DEVAN's Avatar
    i have bought this system and tested it for 3 days - especially from 2pm to 3pm. if a call signal comes up for eur/usd then you place trades from 10 min
    expiry to 30 min expiry about 6 trades per currency. I did about 60 trades and lost about 18. This was only paper trading.

  10. #10
    Rookie Member Daveman's Avatar
    Quote Originally Posted by DEVAN View Post
    i have bought this system and tested it for 3 days - especially from 2pm to 3pm. if a call signal comes up for eur/usd then you place trades from 10 min
    expiry to 30 min expiry about 6 trades per currency. I did about 60 trades and lost about 18. This was only paper trading.
    I don’t believe in such a simple systems. Especially if the site looks way to advertising to believe that it is something genuine and different than a simple scam page. To know a system is good you have to see nice and not artificially changed history data and also to make some forward tests on your self in real time before make any conclusions at all.

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