To capitalize on the growing popularity of trading signals and algorithmic trading, OptionBit has launched a new mathematical algorithm signals system called Algobit. Algobit analyzes all trading assets, selects the most volatile ones and then follows their fluctuations, sending out an alert as soon as a profitable trend is forming. This new program signals the trader to the incoming trend so he won't miss the opportunity to jump on board.
Algobit was voted the Best Innovative Technology Award for 2012 as well as the 2012 Financial Innovation Award (FIA).
OptionBit has always presented its account holders with a wide selection of assets. Until now, they offered binary options platforms similar to those available through other binary brokers and these have yielded some good returns to OptionBit account holders. Algobit introduces a unique mathematical support system for binary options traders that promises to be simpler and more lucrative than anything else in the market.
With all the hype surrounding AlgoBit, it might be prudent to consider using the system together with the strategy you've used previously. Check a long term chart to verify the trend and then trade the shorter options, such as the 5 minute one. And, it should go without saying that it's critical to stay away from trading against the prevailing trend, even if this may seem like a good strategy.
OptionBit's algorithmic trading signals follow the moves of other binary options providers such as iOption that have been offering this service for several weeks now. Nevertheless, most other companies have a higher barrier to entry for this service, such as a $2000 minimum deposit, while Algobit is available to all OptionBit traders.