Although with an accuracy reaching of up to 83% when on auto trading mode, Option Robot doesnât claim to offer its users a âmagic solutionâ. Instead, trading signals are based on the use of several technical indicators and predefined trading strategies. Most of the trading robots that are available on the internet today are limited in letting traders adjust the trading parameters. However, this is not the case with Option Robot. Option Robot offers its users the choice to decide which technical indicators which they want to utilize. There is a choice of 6 types of technical indicators to choose from namely CCI, MACD, RSI, Stochastic, Trend and Williams.
The Option Robot also allows its users to use more than one technical indicator. In other words, it will only place a trade when both indicators confirm the trading condition. While the use of more than one technical indicator will result in less trading signals, the signals produced will have greater accuracy.
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