Passive Income Bot is a new website offering you one of the most popular automated trading robots for binary options. The base software Passive Income Bot uses was developed initially in 2014 by a team of European software developers.
Their software is integrated with more than 10 binary options brokers, and a smart investor will choose from one of the licensed brokers they work with. A nice feature of this product is that you can play around with the software in demo mode.
Passive Income Bot Review
It is safe to say that Passive Income Bot is one of the highest rated automated trading systems. While there are many scam trading systems out there sending spam email, and making flashy videos, when you look at this trading system you can see it is strictly business.
The main reason we say that this software is better than others, is because you have multiple options to control and configure the robot.
Passive Income Bot Settings
Expiry: This is where you tell the robot which option to trade. You choices range from 60 second options to one hour options.
Amount: Here you set how much money the robot should place on each trade. The minimum is $20 per trade, and it goes as high as $600 for high rollers.
Method: Here you choose will you be trading Classic, Martingale or Fibonacci.
Max Simultaneous Trades: This is the number of trades that the system will have going at the same time. Caution: If you try out the demo mode, will all the options selected, you will be amazed how many trades the robot can place at one time. So be careful, and select a low number.
Indicators: You choose from 7 indicators (signal sources). The indicators are what the signals are generated from. So if you select Trend for example, the software will start placing trades anytime there is a pattern that matches.
Currencies: The binary options robot can trade from 8 forex pairs.
Brokers For Passive Income Bot
The most frequent discussed complaints on the binary options forum has to do with scam brokers, that work with bad trading robots.
The beauty of Passive Income Bot, is that you, the trader, has the option to choose which broker to trade with. There are more than 10 brokers connected with this software, and every month they integrate more brokers.
Passive Income Bot Results
Many robots like to advertise that they have 90% accuracy, and that you are guaranteed to make money using them. With the Passive Income Bot, each person must setup their own trading plan, and therefore, no two traders will have the same results.
If one trader only selects, EUR/USD and another trader only selects AUD/USD, there is no way the results will be the same.
And this is the main reason why it is such a popular software. You must setup everything yourself.