The broker Optionbit, has launched a new platform specializing in binary options known as Algobit, which has been developed by Tradelogic, a company specializing in providing trading solutions to trade with these derivatives. This application offers a number of improvements over other binary options platforms, such as trading signals and the ability to perform automated operations.
Algobit is an analytical tool that constantly monitors the volatile market portfolio and sends the trader signals and alerts about new trends in formation. When the trader uses Algobit, there is no need to open the regular trading platform of Optionbit at the same time because when you log in this application also access your trading account so that all trades are performed directly from Algobit.
When a trader uses this application gets one of the best trading experiences, as the system sends constant alerts to inform about the more volatile trends in the market. In this way the investor can trade more easily and calmly. Algobit interface is simple and user friendly as shown in the following image:
Algobit offers the trader 4 trading possibilities:
- Short-term trades signals.
- Long term trades signals.
- Manual trading.
- Signals following.
Short-term trades signals
When you select the short-term signals, the analysis received by the trader consists of a report about short-term trends and therefore also of trades with a shorter time frame. Through these signals the trader can open binary options positions with maturities of 1, 2 and 5 minutes.
Long term trades signals
Trading signals following
When the trader operates under the trading signals following mode, the direction of the trade it is already determined in accordance with the signal. In this case, all you need to do is select the maturity period and the amount you want to risk in the operation. To open the position, the trader must click on “Trade” and confirm.
However, if the trader considers that the trend will end soon, Algobit offers the possibility of opening a position against the trend. In this case, you must also indicate the period of maturity of the option and the amount to risk.
Finally, Algobit has a feature called Advanced, which allows to adjust the sensitivity of the signals for each asset. For example, if a trader trades more regularly with options based on the GBP/USD, he/she can select this currency pair in order to increase the sensitivity for this asset. In this way, the trader will get more trading signals to open more binary options based on the EUR/USD. The trader can also decrease the sensitivity of the system to other assets, for which there will be fewer signals.
Just like any other trading platform, Algobit allows the manual opening of new positions and the management of active trades. Under this mode, the trader does not need to open the regular trading platform of Optionbit to perform manual trades with binary options.
When the trader selects the manual trading mode, the left side of the interface shows the list of underlying assets. In this case, it is necessary to choose between currencies, commodities, stocks and indices. Also, the trader must determine the direction of the market, the time to maturity and the amount invested in the option.
If you are interested in more information about Algobit platform and other services of this broker, you can enter Optionbit website through the following link: