We have been continuously testing different binary options trading systems and in this review we are going to have a look at OptionBot 2.0 that is being heavily promoted. But we are persuaded that the majority of reviews of this system are fake or scams.
First we planned to test this system for at least 100 trades to get a sample that would allow us to make conclusions about its performance. The first few days we saw a winning ratio of about 50 percent, which is not enough for binary options, you need around 60 or more in order to be profitable.
This confirmed our suspicion that OptionBot is nothing else than a losing system, as it has been the case with all these public binary options systems that are so much promoted on the internet. But we wanted to continue our testing to get more trades, because statistically it is better to get reliable samples.
But then we noticed that the system is generating nonsense trades, Call and Put on the same asset at the same time. First it was happening in isolated cases, then one day the system went completely mad and generated a lot of these trades in a row on the NZD/USD, every time Call and Put at the same time, which is a guaranteed loss on binary options!
See images: First it was happening just from time to time, then we saw a complete madness.
We of course have not traded these signals, but we can imagine that some inexperienced traders took some of them and lost money. Now imagine that this system would be automated and you would let it trade your account automatically! It would ruin your account in a few minutes. It is really scary that somebody can offer this publicly.
So the results of our testing are really bad and we are persuaded that OptionBot is just another scam with the only purpose to make you open a binary options trading account and deposit. This is what is going to make money to the owners of this system, this is how they will get their commissions. If you then trade with their system, we believe that you will lose your money.
We have seen a lot of these system, all were losing, some because their owners wanted it, some because their owners do not know how to trade profitably, but OptionBot 2.0 really stands out with its poor algorithms that generate absurd trades.