Program "Algobit": reviews. "Algobite": negative reviews

"Algobit", reviews about which vary from different traders, serves as an assistant in trade and at the same time is an innovative analytical tool. He is looking for high-volatility assets in the market at any given time. It signals the appearance of a trend that is just beginning to form.

If you believe the advertising of the product, "Algobit" helps even beginners to earn binary options. Simply following the signals, you can safely day after day accumulate profits.

Creators about their creation

According to the developers, the main advantage of the program is that it is the first to provide the user with profit signals that indicate the beginning of the trend within the current market situation.

"Algobit", reviews about which in most cases are positive due to the active work of project partners, is considered to be a revolutionary product in the trading and financial spheres. The program is awarded two prizes: "Best Product in 2012 Financial InnovationAwards (FI A)" and "Best Innovative Technology in 2012". According to the creators of innovation, the program is able to determine the future direction of the trend with a probability of up to 99%.

Quite common is the view that creators overly praise their product, and the real probability of an accurate forecast is kept in the range of 80 to 85%. Too much to believe the figures from advertising, especially in trading on the foreign exchange market, is not worth it. Moreover, reviews of professional traders often leave much to be desired about the Algobit program.

Myth or Reality

If you believe all the information about the program, then with its help you can not even consider the situation on the market yourself. It's enough just to follow the advertisement. Due to their experience, professional market participants warn newcomers that no automated program will ensure a stable profit. Although it is able to find long-term and short-term trends, its efficiency leaves much to be desired.

Professional traders emphasize that the use of the Algobit system, which the creator and partners have provided the best reviews, will not yield money without using their own skills and without analyzing the situation. Dry adherence to any adviser is the first step in the way of draining your own deposit.

The sensitivity of the signal is the time to be alert

Quite often about the program "Algobit" reviews you can meet negative. The emphasis in them is on the quality of an adviser, like sensitivity. The specifics of the functioning of this part of the guarantee is kept by the creators in secret. Experienced traders have already figured out this trick. The bottom line is that the more sensitive the system reacts to market changes, the more often it gives false signals. The abundance of weak signals on the market and trading on them does not always end well for the trader. Experience shows that signals from any adviser need to be carefully filtered, taking into account only the strongest in the trade, including those confirmed by other patterns and indicators of programs.

All the subtleties of trading with the program

For successful trading in the market you need to be able to clearly determine the following points:

• The entry point to the market.
• The optimal position size.
• The most favorable moment for closing the deal.

The optimal position size is calculated using fairly accurate formulas and has a clear correlation with the size of the deposit. Determining entry points to and exit from the market is exactly what causes problems for most novice traders.

In accordance with the advertising, the OptionBit broker has developed an absolutely free program that helps solve the two most difficult issues in the trade. The "Algobit" program, which is presented on the Internet in the best light, works on the basis of algorithms showing the moments of the origin of trends. Doubt is caused by the fact that the security does not require a purchase, but, as is known, brokers are unprofitable when all their clients trade in a plus. Moreover, there are interesting statistics, according to which only 2-3% of the participants in the trade make a profit. The others lose. The discrepancy of the capitalist truth of the currency market makes one think.

There is no magical adviser

Experienced market participants who, with trade on you, perfectly understand that there is no single successful strategy or an impeccable advisor. Attracting the attention of newcomers to "Algobite", the feedback of traders about which, as a result of its testing, is often sharply negative, can not replace manual trading. Although the creators are talking about 99% of the tool's effectiveness, in reality it does not give out even 65%.

After preliminary testing, one of the traders fixed the effectiveness of signals from the program at the level of 52%, which is not even enough to just not lower your deposit. Any trading on the market, including binary options, is a hard and laborious work, which must be approached very seriously.

"Algobite", according to traders, can be an excellent addition to a proven trading strategy, but he is not able to speak in the format of the only tool for analyzing the situation. The capriciousness of the market can not be correctly estimated by the program.

The simplicity of the signal is not the key to success

The "Algobit" program, negative feedback about which is much less common than positive, is very easy to use, which tempts a lot of newcomers to trade. On the left side of the terminal you can see certain underlying assets in combination with the current market price and signal strength. The transaction is opened by pressing the "Start" key. On the right side of the terminal there are statistics on transactions with the size of the trader's earnings inclusive.

All that is required from the trader is to closely monitor the signal strength, and as soon as it reaches the maximum level, that is, when all the bars (yellow, green and red) are filled, you can safely buy an option for a certain type of asset.

Remember that the feedback about the service "Algobit" from OptionBit with a negative connotation is often left by beginners. They are indignant about the discharge of the deposit and the incorrect operation of the program. The loss of money is because the software is used outside the strategy. Applying it as an auxiliary tool can help to achieve good results.

Negative feedback on the program

As with most advisers, the available feedback on Algobit is often recommended not to use it in trade. People write about the loss of deposits and the completely incorrect operation of the system, thereby repelling newcomers to the market from using the program.

The thing is that the automated system is based on certain indicators, which are known to be prone to giving false signals. Experienced market participants know how to filter them, but newcomers blindly follow them, which leads to a gradual reduction in the deposit. Advertising, which promises to everyone who uses the program, to earn a million in the near future, brazenly lies. But the application of the tool in the framework of some profitable strategy will improve the results of trading.

Explicit exaggeration

Studying on the Internet reviews about the program, you can meet the saying of traders that with its help it is possible to receive an average of two weeks a multiple increase in the deposit. Someone says about the growth of 230%, somewhere they sound a figure of 350%. There are even clever people who talk about a gain to the base capital as a result of using the system at 720%.

Experienced market participants perfectly understand that this is nothing more than an obvious exaggeration, newcomers blindly believe in promises. In fact, the system is capable of making a profit, albeit small. In combination with other analysis tools, you can safely count, even if not on millions, but on a good 40%, which is a very worthy result of the trade.

Rules for the use of Algobit systems

The program "Algobit", the reviews of which are both positive and negative, is able to provide a worthy help to a beginner trader. Negative feedback - it's just a product of improper operation of the program. It must be remembered that the software can not predict changes related to the news, which makes its application on the eve of the release of weighty economic data in the calendar ineffective.

Use the tool is better for determining long-term trends. The strong sensitivity inherent in the product leads to the formation of an abundance of false signals in the medium and short term. It is not necessary to hasten to blindly believe everything that is written on the Internet. To really evaluate the offer from a binary option broker, you can, if only independently test and analyze it.