You can easily use the deriv platform when trading binary options or forex. However, to become profitable, you must have a profitable trading system. Statistics say that most trades lose money because of greediness and poor money management. Trading is a business, and it’s not a get-rich-quick scheme. You can make money consistently if you follow the rules and execute your strategy correctly.
There are many trading options you can find on the deriv platform. Deriv bot is one of the automated trading systems you can use to automate your trading. When using a deriv bot, you do not need to look trading chart to make trading decisions. The deriv bot will analyze the trading opportunity and take trades on behalf of your account. We are sharing so many deriv bots on our website. If you like, you can also take a look Equalizer Deriv Bot or Beam Up Down Deriv Bot.
This deriv bot is created based on an up-down trading system. It means the deriv bot only takes rise and fall trades. Pure price action with the RSI trading system is implemented into this deriv bot. And all the trading system is highly profitable in the trading industry.
It would be best if you run the bot in high volatility conditions. Usually, the London and New York sessions are the most volatile session. You can run this bot in all market conditions.
After testing so many deriv bots over the last six years, we do not find any 100% profitable deriv bot out here. Robots sometimes take losing trades. Installing martingale trading steps is the only way to recover the previous losing trades. It takes two times more than the losing trades until any wins, and when the trades win, it will recover the previous losses with significant profits.
This deriv bot works best on volatility index assets. It’s a safe bot; however, you need to check the bot’s performance when you are running the bot.
You can start with $50 for this deriv bot. You must begin with a $0.35 stake from your initial bot trade.
We all know you must have an account on the deriv platform to use the deriv bot. And All the deriv bot XML format files only work on bot.deriv.com.
You can make more than 5%-10% profits in each run of this deriv bot. However, you must be cautious when using this deriv bot and monitor the deriv bot from time to time.
You should test this deriv bot on your practice account and see the results. If you feel this deriv bot can meet your expectations, you can go for the real account and make good profits. However, you must follow the deriv bot running rules and not overrun any deriv bot.
You can find download details on this deriv bot below.
How to Start:
Step 1: Deriv bot Registration: https://provenbinarybot.com/Bot
Step 2: Go to bot.deriv.com
Step 3: Upload the downloaded .xml file
Step 4: Run the bot
Step 5: Make Money
Recommended balance is $50
Initial Amount: $0.35
Stop Loss: $50 Target
Profit: $1-$2 (You can use more, but making 5% is already very good)
Please watch this trading video after download