Smart Bot Pro is a new automated binary options trading software that claims to be the most adaptive on the market. According to the sales page this robot is different from the others because it uses 3 different strategies and more than 500 combinations of signals. I’m not sure exactly what they mean by signal combinations and it’s not explained in much detail, nothing on the site is.
Today I’ll be providing a candid review so that you understand if this system can offer any real trading profits.
Smart Bot Pro Review
The Smart Bot Pro sales page is extremely limited. There are no results, no discussion about strategy and a vague outline of the features. Basically, they aren’t giving us anything. As far as I’m concerned, this is never a good sign. It’s my experience that developers who are excited and proud of their products are more willing to explain them in detail and provide us with much more compelling information. I really don’t see how this sales page even sells the product. With little to nothing for the consumer to go on I don’t see why anyone would sign up.
The Trading Software
The reason why the developers of the Smart Bot Pro system don’t seem enthusiastic is because they aren’t actually the developers. They didn’t create a system at all. Whoever is promoting the software purchased a white label solution, and they are now reselling it to the binary options community. A white label solution is a product created by developer and sold to anyone and everyone.
The issue that I have with this white label solution is that we’ve seen it before. It’s been used by the “creators” of iRobot, Gold Binary Robot and Option Robot. Every single one of these systems failed in the past because they are using the exact same software and this software is being sold again under a new name. There is really no chance that this binary options software is going to perform any differently than it did in the past.
White label solutions in the binary options market are not built for the consumer, not at all.
There is no reason to get your hopes up about the Smart Bot Pro. I am not recommending this white label trading system to any member of the binary options community. It’s my belief that this software is clearly not a winner and that it will only drain your account.
If you are new to the Binary Today website I suggest that you check out my latest income report. Here I show traders how much I’ve earned in the past month and what strategies I’m using to achieve solid results.
Many thanks for your review. I wished I had come across your review prior to signing up for Smart Bot Pro, which I really only did because they are using a registered binary options platform.
I’d like to add my thoughts to your review if I may. Basically I signed up; and started with the demo account, which provided excellent results. I should have realised that the results may have literally been scam when they refused to allow me to continue demo trading once the account made a $200 profit!!!.
Instead I looked at the $200 profit results and made the fateful decision that if these types of results were achieved, then maybe funding account would be okay, so I went ahead and funded the account. Was I wrong or what!!!
Literally within 30 minutes, of auto trading, the account was basically zero. Then I thought, maybe if I change the timeframes and manually trade I’ll have more success. So stupid – der – funded the account again.
Well this time I tested all the various timeframes and basically tested all the different indicators they claim to use; with some success however, overall unsuccessful.
Then today I decided, I would put the bot through it’s paces (pity I didn’t think of this strategy prior to funding the account) via using a demo platform for an Aussie Binary Options broker and here are my results:
* At the very best of trading the 5 minutes time frame for 38 trades completely opposite to the bot’s signal I achieved a 50% result with various currency pairs; with exception to 1.
* Only 1 currency pair achieved a 100% success rate of 5 wins to the bot if I had traded to the bot’s signal rather than opposite – which increased the bots win stats somewhat. (That is until I placed a live trade!)
* There appears to be a clear pattern to the robot’s signals – provide 2-3 loss signals for 1 win signal; sometimes it was 1:1
* I also placed trades in accordance with the bot’s signals and the results were 4 wins to 6 losses. Hence I would have lost nearly all my capital.
Hence, my 2 cents worth – stay away from this auto trading bot like you would do with the plague. The bot is clearly designed to lose money and my guess is they not only receive a % of the trades won placed via the bot (because the payout figure they provide when the trade is live is completely different to the payout that is placed in the account) but also a % of people funding their accounts at the same time.
In other words: Scam of the first order. If you would like the spreadsheet of the results, I’m more than happy to provide this to you.
I really hope other people who may read this will not fall into the same trap I did.
And you know the really strange thing. All I want to do is to consistently generate an extra $50 profit each day into my binary options account, so I can really start to consistently get ahead and instead of this happening, all I’m doing is seeing my hard earned savings go by the wind.
Is there really such a thing as a trading strategy or trading bot for binary options that will consistently see one actually come out with a profit and is in fact not BS? All I have been able to figure out is the longer one trades binary options the odds are the more losing trades one will have. I do better at the poker machines and actually do come out with a profit from them!!!
Sorry to hear this Desley. There are binary options systems that work but they aren’t 100% automated. This type of trading in binary options fails time after time, and traders need to understand that. I recommend you check out the top rated binary options software here: https://binarytoday.com/best-binary-options-signals-and-software/