Beware of Auto Trading Robot – review

ATRIn this review we examine Auto Trading Robot (ATR) for binary options.

Auto Trading Robot is supposed to be a tool for creating your own binary options robots. Profitable robots, of course.

It is a free tool, so is it worth using?

Problems

RiskThe first problem that we see with ATR is that it is made by and tied to the unregulated binary options broker 72option.

And we don’t recommend trading with brokers that are not regulated, because your money would not be insured and such brokers are not under independent control.

The second problem is that Auto Trading Robot is making false promises, like “Crate your own 100% ITM zero risk trading robot.” SoftwareSuch a thing is simply impossible, a robot with no losing trades is impossible. And trading is never, we repeat never zero risk. Risk is always associated with trading.

And the third problem we see is that ATR is not really a robot for automating strategies as its description would suggest. The only feature we see is that you can set entry orders at prices of your choice. In other words you chose the exact strike price.

It is a nice feature, but it certainly is not a thing that alone can make you profitable.

Conclusion

Auto Trading Robot is making false promises and is forcing you to trade with a broker that is not regulated. Therefore we recommend staying away.

To make money with binary options, you need a profitable strategy. No robot will create it for you. You can try to make on a free demo with a regulated broker.

Trading is about your learning and efforts, no software can compensate that.

Summary
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Auto Trading Robot
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