Trading binary options might be tricky. Beginners might get discouraged due to a lack of immediate results. More experienced traders might lack the time to follow charts and focus on perfect technical pictures to trade. That’s why developpers build automated strategies. Spectre Automation, a free automated trading robot, is one of those solutions. It relies on a unique model based on performance, so that you don’t have to pay to use it.
What is Spectre Automation?
Spectre Automation is an auto trading service that is focused on Spectre EPIC product. EVerytime the algorithm detects a favorable trade, it initiates it automatically. The bot trades day and night, since EPIC is a 24h a day 7 days a week indice. Whether you sleep or are awake, whether your computer is on or off, the bot trades for you. All you need to do is open up your Spectre account, turn on the bot and let it trade for you!
Why is it free?
You might wonder what the incentive of the developers is to offer a binary options free trading robot. Some people might think it’s something not so efficient created by the platform itself to generate trades. It’s far from the truth: Spectre Automation earns a performance fee of 2% each time it generates a winning trade. It’s automatically deducted from your winnings. This model has several advantages:
- The dev must provide a winning strategy. Otherwise he doesn’t make money
- The user doesn’t have to pay upfront, and he “pays” only when he earn money
Let’s take a simple example to illustrate this :
Let’s say you first trade of $10 is winning. You earn $9 if the payout rate is 90%. You get $8.82 profit, Spectre Automation earns the remaining $0.18 (via their developer account, to which this money is transferred automatically by Spectre). If the trade is lost, Spectre Automation gets nothing.
Is this automated trading bot profitable?
So far, yes. Of course, past results are not indicative of future results. The automated trading bot is still pretty young (launched end of 2020), strategies are constantly refined based on data… Spectre Automation website hosts a graph with past performance. If you are doubtful, you can always set up the bot to trade on your demo account. This way, you can monitor yourself the bot performance. And switch to real money account if you like what you see.
How to set up this free binary options bot?
- Create a Spectre account by clicking on the link, if not done already
- Go to https://www.spectreautomation.com to authorize the robot trade through your account
- On the right side, click on “Regular” button to activate the bot on your live account, or “Free Account” on your demo account
- You are redirected to a page starting with “https://wss.hyper-api.com/authorize.php” (see fig 1 below). Log in.
- Click on yes to authorize the service (see fig 2 below)
- That’s it! The bot is on, it will trade until you disconnect it.
Spectre Automation FAQ
What is the trade size?
The bot trades for now 2% of your balance. So if you deposit 100 dollars, $2 trades will be made. Therefore, if you want to use $10 trade size, you will have to deposit $500.
Why does it trade a percentage of my balance, rather than an amount?
Trading a % of your account is the safest approach, as it gives a margin of error when the bot is in a losing streak (because yes, it happens)
What happens if I lose all my money?
Well, that is too bad, but you won’t be able to ask for a refund to the dev. By connecting the robot to your account, you are responsible of the outcome.
Has Spectre Automation access to my funds?
No. Via the Spectre API, the automated trading robot can read your account and place trades on your behalf. It cannot do anything with your balance, beside reading it. You deposit and withdraw money the same way you would if you trade manually, via the Spectre app or website.
Can I trade manually when the trading bot is on?
That’s a possibility. But beware that it might prevent the bot to enter a trade, or prevent you to create a trade as the number of allowed concurrent trades is limited. Furthermore, it will be more difficult to evaluate performance as there will be automated and manual trades mixed together.