I think images will tell this story the best.

I used this:

An Automatic Binary Trading Software

The Automatic Binary Trading Software I Used BinaryAutoTrader.com

My bankroll started like this:

I started with only $176 at 24option.com

I started with only $176 at 24option.com

Then, I turned the auto trading software on.

All these trades were done by my binary options robot trader.

All these trades were done by my binary options robot trader.

I blogged more in depth about the experience here: http://www.binarytrading.org/binary-auto-trader-review/ if you want to read more about how it all works.

Over the course of a couple weeks…

Busto! 29 Trades Later I've Busted My Bankroll

Busto! 29 Trades Later I’ve Busted My Bankroll

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Strangely, I want to reload and try again. Does that mean I have a problem? I’ll leave it to you to decide if an automatic binary option trading software is right for you.

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18 Comments on "Binary Auto Trading Software Busted My Bankroll in 29 Trades"

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Chris
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Chris
6 months 7 days ago

Hey Robert tell me about Josh Lanox

 
Robert
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Robert
7 months 5 days ago

Binary Book is also a scam. Josh Lanox is someone to stay away from.

 
David Bump
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David Bump
4 months 4 hours ago

Can you give some specifics? I’ve got a Binary Book account, and I don’t know if I’d say it’s an outright scam, but they did keep asking me for more money and lost interest when I drew the line. I think all brokers may be like that, though — they’ll work with you if you throw lots of money at them, but if you don’t have much money (or just don’t give them enough) they aren’t going to bother.

 
Chris
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Chris
6 months 7 days ago

Tell me about Josh Lanox, what have you experience with him?

 
Peter Dumas
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Peter Dumas
1 year 1 month ago

Hi;

I used optionrally and when i make $5.00 trades or even $10.00 , I seem to win these trades. Tonight I thought I would try $250.00 trades and lost 5 of 6. I wonder if all these brokers are scams. I lost with binary options and stockpair as well. I am done with these brokers, I might have better luck playing baccarat at the casino.

Thanks,

Peter

 
Hershel Randles
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Hershel Randles
1 year 6 months ago
I just started trading on a practice account with worlds market about 3 weeks ago, I started with 5000 play money and lost 3500 the first week but am up to over 13000 now. I have been trying to find out about the auto traders, but with out actually knowing any thing about them it seems pretty phony to me since you are betting against the broker why would they want to make it easy for you to win? If it is like a casino the winners are paid from the money which come from the losers so in this… Read more »
Paula
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Paula
1 year 5 months ago

I used this same bot and lost $400 in a matter of 3 days. They are a bad bot. Check out scamwatchdog.com. The writer of this newsletter and website trades using both: auto bots and individual signal trades. And has all kinds of information regarding autobots.

 
Robert Jodouin
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1 year 11 months ago

Thanks for your honesty.

 
mike
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mike
2 years 9 days ago

You complain that Binary Auto Trader made you lose everything after investing about 15% per trade?

Just an advice: Don’t invest more than 5% unless you want to lose everything again (if you haven’t enough money to invest 5% or less, just deposit more or use another broker). With this signal provider, profits aren’t very high, but at least they are genuine (I just compared your trades with the trades on the BinaryAutoTrader performance site and they mach quite well).

 
David Bump
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David Bump
4 months 4 hours ago

It’s true that you shouldn’t invest such large percentages, but if you’re that far in the hole after 29 trades, I wouldn’t bet on coming out ahead even with smaller trades. It would just take longer to run out of money.

 
Clerg
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Clerg
2 years 1 month ago

Is this autotrade stuff bad? Can I trust it? Their monthly charge is high. Is it worth the risk?

 
Garth Carpenter
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Garth Carpenter
2 years 9 months ago
Thanks, Jason. So far in my 4 months’ newbie involvement with binary options I have resisted all exhortations to employ auto traders. I note however, that you recommend TradeRush as a broker. They were my first broker and after an initial hiccup during which, according to them, I was inadvertently locked out of their site after depositing my opening balance, I really enjoyed trading on their platform. But for the past 3 weeks I have been locked out again, this time apparently deliberately. No explanation has been given except that it is due to my IP address. They still have… Read more »
Longiness
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Longiness
3 years 4 months ago

i had the same problem…

 
Drake Langdon
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Drake Langdon
3 years 4 months ago

Kudos to your vigilance to carry out trades with this trading platform just the same. If you hadn’t tried trading we wouldn’t know that maybe this site is a scam. The only way one can check it out is by trading. Legitimate sites are still out there so do not lose hope in binary trading. Read *snip spam* to check out which reputable ones are safe to trade with.

 
Cuban
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Cuban
3 years 5 months ago

You got owned bitch! Haha.

 
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