Is BinaryOptionBot 2.0 A Scam

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Option Bot 2 Review

Is Option Bot 2.0 a Scam?

Option Bot 2.0 promises very high and quick profits to traders. But does this Forex Robot really work or is it a Scam?

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Thread: Beware of this Methodox 2.0 scam. Its nothing more than a binary options software scam

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Beware of this Methodox 2.0 scam. Its nothing more than a binary options software scam

I am curious as to if there is anyone on here that has actually lost money to Methodox 2.0. Its a new binary options trading software that is a scam.

The co-founder is supposedly named Scott Sholes and I couldn’t find any information on this guy at all. He also is very vague about the entire software and all, and tells some blatant lies, such as how long the website has been around (its very new, 8 months old).

One of the tell tale signs of it being a scam are the fact that when you sign up and create your account it sends you to one of its “trusted brokers”, which is a very new broker by the name of Starling Capital. This place is also the “trusted broker” of other scams like NEO2 and Push Money App.

You can read the full Methodox 2.0 review here.

But anyway, I would love to hear some reviews of people who have been scammed and what all they know about it.

New strategy bot, help in creating it #548

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James-Ngigi commented Feb 21, 2020 •

So, is there anyone who can create this bot?
I have all the details on this .pdf below.
Thanks in advance, you have all been supportive.
So here is my strategy.pdf
If you are able to create it, please upload it here for testing

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binary-ex-machina commented Feb 22, 2020

I changed your strategy a little bit. Using SMA to determine the direction (CALL/PUT) and using 1.125 on the multiplier to recover. If you stick to one direction on the purchase, most of the times it will loose on the recovering bet.

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James-Ngigi commented Feb 22, 2020

This is good, it even safer i can see, i will test it for some time and see how it goes, in the mean time if you are able to create one like the one i provided above. Please tell me. Thanks alot btw,

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binary-ex-machina commented Feb 22, 2020

just remove the blocks of the watch block (2) and put one type of purchase (Rise/Fall). After that change the 1.125 on result block (4) to 2.

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James-Ngigi commented Feb 22, 2020

and i have my strategy just like that

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James-Ngigi commented Feb 22, 2020

It worked, thank you again

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sanjukala9 commented Feb 22, 2020

can anyone help me please

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James-Ngigi commented Feb 22, 2020

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sanjukala9 commented Feb 22, 2020

i am not able to find xml file in above bot

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James-Ngigi commented Feb 22, 2020

download this and change this txt file to .xml
binary-bot v1.1 for Jay’s(SMA 1.125).txt

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binary-ex-machina commented Feb 22, 2020

I think this strategy don’t work with this kind of trades. Maybe with digits

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James-Ngigi commented Feb 22, 2020

ooh, well i’ll try digits, but so far its going good, for me.

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James-Ngigi commented Feb 22, 2020

can you drop the bot that trades on digits using the same strategy?

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binary-ex-machina commented Feb 22, 2020

change the market to even/odd and Even or Odd on block 2

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James-Ngigi commented Feb 22, 2020

great, lemme see

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binary-ex-machina commented Feb 22, 2020

Impressive results so far with Even/Odd

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James-Ngigi commented Feb 23, 2020

It looks like it works on all markets, i tested it with 100 dollars as the deposit on a virtual account on the up/down trade type, left it to run the whole night and got some sleep, although i’d recommend the digits.
Here are the results

i’ll test it with the daily reset indices. Those markets always react well to the bots i make

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Jaywou911 commented Feb 23, 2020

My result with Even / OLd

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James-Ngigi commented Feb 23, 2020

show us when the number of runs are past 500

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James-Ngigi commented Feb 23, 2020

Hey @binary-ex-machina or anyone with the knowledge
Can we change the type of contract when moving average starts changing direction at ,
example here,

if there is a way to do that, modify the bot, see how it works, i suspect it will so better than it is now

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xremmy commented Feb 23, 2020

I am also testing this bot. Its result are quite impressive.
@okovalov Here is the one i’m testing for Over under. You can change the amountLoss to suit your risk appetite. This is set at 1.2
Digit Over under Oscar Martingale bot1.txt

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binary-ex-machina commented Feb 23, 2020

@James-Ngigi you can change the direction based on the previews value of the indicator, but is better with 15min-1h charts, so the changes are not so volatility.

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binary-ex-machina commented Feb 23, 2020

I saw some problems with this strategy. Many times I got the zig-zag effect on the trade when it try to recovers from the losses and the stake gets very big, so i decided to put a random effect on it. The main problem is that in a long run it can go at -$300 until it recovers, even if you start with 0.35 at the stake.

Results in the last 12 hours

I’ll post the bot here and try to improve

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xremmy commented Feb 23, 2020

@binary-ex-machina , i am presently trying it over and under, Over 2 gives payout of 34.3%. so recovery variable increased to 3. You get frequent number of wins.

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James-Ngigi commented Feb 23, 2020

The number of wins there is remarkable. Send the bot here as it is. Lets test it @xremmy

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binary-ex-machina commented Feb 23, 2020

@xremmy i’ll try with over 2 and send the results here

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xremmy commented Feb 23, 2020

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Eshhh commented Feb 23, 2020 •

Hi,
@binary-ex-machina @James-Ngigi @xremmy
Im testing this bot too with Digit Over 1, 2 and 3. the stake multiplier is 4.5, 2.5 & 1.6 respectively.
But i saw stake reach above $200 on all bots which is too risky. Digit Even/odd also has the ability to reach that level.
So i think its better to stick with a good fall/rise strategy as its has over 90% payout, for this money management, so the stake doesn’t reach too high..
Im also testing with Fruitefella’s trend follower, and another EMA bot, so far the stake didn’t reach more than $45 and profits are over $30. I’ll test more..
Just my observations on my today’s tests.

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binary-ex-machina commented Feb 23, 2020

Digit Over 1, Martingale 4.3, stake 0.35, 3 hours

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pierhans commented Feb 23, 2020 •

@James-Ngigi @binary-ex-machina @okovalov @Jaywou911 @xremmy @Eshhh @sanjukala9 I tested this with the default settings and there can be a bad sequence too with Over 2 even with a stake of 0.35 (Volatility 100)

So going over 3 might not be a good idea in the long run, even in a shorter run too

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