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HighLow Binary Options Robot Review - is it scam or safe binary robot?

 We would like to introduce you to the HighLow Binary Options robot. The system is fairly popular, mostly because it is designed to work with a famous broker – ASIC-regulated HighLow. You can read our full review of this broker here

 

Who is behind it?

 

The HighLow binary options robot is provided by altredo.com, a company which also has several other binary, forex, stock and even Bitcoin predicting software. The company doesn’t reveal much information about itself, except for fact they are software developers and there is a lot of risk involved in using their products. While this is not that unusual it does not give them any credibility.

 

Strategy

 

Looking at the demo videos provided by Аltredo, one can realize this system is based on a MetaTrader4 scalping algorithm. If you are not familiar with MT4 – this is is the world’s most popular forex trading platform, which a lot of brokers provide to their clients. One of its key advantages is the coding environment which allows for the creation of new automated trading systems (or Expert Advisors as they are more commonly known).

 

The HighLow binary options robot appears to be linked to a MetaTrader platform, which has such a trading algorithm connected to it, which then re-sends the signals to the binary options platform. The strategy appears to be based on price action, which is one of the approaches for such short-term predictions. 

 

Here is what the system’s dashboard looks like:

 

 

Image provided by the website of the developers. You can clearly see the MT4 platform running in the background. In one of their demo videos you could see the signals forming on the candles.

 

The system allegedly trades 60 second and 30 second binary options and has a build-in risk management mechanism.

 


Performance (Returns)

 

While we have reviewed a lot of Expert Advisors, we always base our analysis on their past performance. Although there is no guarantee a system will yield the same results, it at least allows us to have an idea of how it operates. When it comes to binary options robots, there is no platform, such as MyFxBook which provides reliable statistics on a system’s long-term performance – we are only left with the developer’s claims. 

 

 

The developers of the HighLow options robot claim the system makes a monthly profit of over 300%. That being the case, there is no way this system is sustainable in the long-run – it may have had a month, in which it tripled an account, but there is no way to constantly achieve such results.  A 300% monthly gain means this strategy is very risky. This is a basic rule of finance, which no algorithm can overwrite – greater returns always come with greater risk

 

 

As we mentioned earlier, the problem of tracking historical performance has been solved by some credible websites, when it comes to forex trading. MyFxBook is one of the solutions, while social trading networks are another. Lets take a look at the performance of a real, verified trader at eToro, the world’s largest social trading network. This is his breakdown on a monthly basis:

 

 

 

 

As you can see, he has managed to gain 50% in 2016. Most investors will be satisfied with such returns, while a system making 300% in a month will be taking substantially bigger risks. That being said, there are a plethora of traders available at eToro, with some of them more risk, if that is what you are looking for. In order to explore the full possibilities, you must register an account at eToro, the world’s largest social trading network

 

How does it make money, for the developers?

 

While most binary options robot developers simply make money on commissions from traders who register with the broker of their choosing, this is not the case with the HighLow robot (at least on paper). The team behind this project has set a price of $1,500 for the software. This may seem a bit steep, when compared to some forex Expert Advisors, although there are even more expensive ones, like the SFE Price Action. 

 

That being said this robot is designed for a single broker, which implies the company may also be making money with the commission model. 

 

 

Bottom line

 

The HighLow Binary Option Robot is an automated binary options trading system which only works with the ASIC-regulated broker High low. The system appears to be based on an MT4 indicator which sends the signals it receives to a stand-alone software, which then trades binary options. The system is priced at $1,500. While the team behind the project makes big claims regarding its performance, there is no way to prove them. Here is a summary:

 

Pros Cons
Based on a MT4 Exper Advisor Costs $1,500
  Unrealistic claims from the developers
  No historical performance
  Only works with HighLow

 

TAGS: highlow binary options robot  highlow binary options robot review  highlow binary options robot scam 
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Seychelles FinaCom MT4 $10 Review Website

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