CentoBot is an automated trading robot for binary options that opened in March 2017. When we tested the CentoBot software we see that it works with the new binary option brokers called BinaryCent.
The CentoBot is made to be an easy to use trading robot for binary option investors. The creators of the software really simplified everything so that your only choice to make is which underlying assets the robot should trade and which one of the 6 robots to use.
The robot can only trade on 8 different currency pairs, and does not yet include trading on other assets.
CentoBot Choice of Robots
This automated trading software is different from others because it has a minimum deposit requirement depending on the robot you choose to use. Some robots come with different trading strategies, with CentoBot, each trading strategy in called by a different name, and is its own robot.
The top robot they offer is called RSIMA Cross and it requires a minimum deposit of $3,000 at the broker they work with. They have a total of 10 different algorithms for their robots with varies names like xProfit, Rising East, Strong ADX, Bolly Band Bounce, and HP cycles to name a few.
When you look at the description of the robot called RSMIA, it says that income is 350. We were not sure if that means we will triple our money using the software, or what that number represents.
They describe the trading algorithm of the robot like this:
“In this trading strategy, we will match the RSI with the moving average cross indicator. For the moving averages, we will use the 4-period and 13-period MAs. We will buy or sell the stock when we match an RSI overbought or oversold signal with a supportive crossover of the moving averages. We will hold the position until we get the opposite signal from one of the two indicators or a divergence on the chart.”
There is a general rule with automated trading systems, that past results are no indication of future results. There reason is because no system is perfect and the financial markets are constantly changing. There is no such thing as executing the same trade each week and being profitable.
So the real results of the software will vary depending on the individual.
The Brokers CentoBot Uses
You have only choice of a binary option brokers to use with the CentoBot software.
BinaryCent is a fairly new broker that uses a custom made bespoke trading platform. Their main feature which sets them apart from other brokers is their $10 minimum deposit and $0.01 minimum trade size, read full review.
Investor now have many choices available, when it concerns automated trading robots for binary options. We have already reviewed almost 100 such trading softwares already. Take a minute and look at the ones that are currently popular among traders, see here.