Today I’m analyzing a new binary options software that promises to be “your automated investment future,” Maximus Edge AutoBot. This trading system introduces itself to the marketplace as a professional platform for semiautomated trading that works directly with your binary options broker. The sales page and platform is very similar to many systems we’ve seen in the past, and my first thought is that this is another classic rebrand scenario.
It is unknown who the creators of this software are. Of course in the video you have a man who introduces himself to us as Max, who claims to be behind the system, but this person is clearly an actor and not a trader. It would be nice to get more information about the development team and where they are located, but this type of information is hard to come by when dealing with systems like these. To get in touch with support, traders can email support@maximusedge.com. It’s always recommended that you email before purchasing to see what level of support is available.
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Maximus Edge AutoBot
My initial thoughts about the Maximus Edge AutoBot aren’t very positive. Not only does the website provide us with little to no information about the system and its trade logic, but it actually uses some of the exact same images we’ve seen in old binary options product launches. It’s my belief that this trading system is an old software that is just being re-branded and sold under a new name.
I believe this for many reasons, but the main giveaway is the fact that the developers didn’t even change the content in their members area. Look at this explanation of how the indicators work.
“For example if both RSI and CCI indicators are slected then both require identical SELL signals for OptionRobot.com to place a SELL trade in your linked broker. So, this is the exact same software as the option robot, and many others, because this is the most common white label platform in the binary options market.
We are told that the Maximus Edge AutoBot uses 5 different indicators to generate trading signals, RSI, MACD, CCI, STOCH and Bollinger Bands. That’s all well and good, but we aren’t told how it uses these indicators. These are some of the most common indicators in the marketplace, but utilizing them doesn’t mean you’re going to win. You need to utilize them with a specific strategy in order to win. A strategy that is not been put forth in front of us today.
Details
- Type: Binary Options Software
- Price: Broker Deposit
- Strategy: Indicator Based
- Expiry Times: Undisclosed
- Assets: Undisclosed
Just like most other trading systems we review lately, the developers give us very little information about how their software trades and why it makes the decisions that it makes. This makes it very difficult for us to analyze these systems, and put any faith in what they are promising us.
Trading Results
The most important element of any trading system is the trading results. In this case, we are not provided any trading results at all, so we really have no idea how the Maximus Edge AutoBot trades. We are told that the software has a winning percentage of 83%, but the developers have no way of proving that to us.
It really doesn’t make sense. If the developers have a trading history that proves the software wins 83% of its trades, then why wouldn’t they provide those trading results to us? They must not exist, and that number is probably just being made up out of thin air.
Conclusion
I see no reason why anyone would sign up with the Maximus Edge AutoBot. This is obviously just a copy and rebrand of another system that failed to provide positive experiences for any of their clients. There is nothing on the sales page that gives me confidence, and tells me that the creators of this system have any trading knowledge whatsoever. I don’t see this as a true opportunity in the binary options market, and for that reason you should avoid it.
Please feel free to leave your comments and questions below the article now.
This is the exact same robot I’ve seen over 30 times in the past year.
These developers aren’t learning anything.
Give us something worth while and we will buy it.
Until then, I’ll stick to signal systems, signals and manual trading.
I hear your pain. Eventually this market should shift, and we will no longer see products like these. There is already a huge decline in the amount of automated binary systems being released.