What is the Forex Centobot EA? + pros and cons about this EA

Centobot review

Centobot is an online platform that allows users to design and create custom trading robots, which can be used on various digital currency exchanges. Additionally, Centobot provides pre-designed trading robots for investors to use as well. If you want to learn more about Cento-bot, please stay with us until the end.

Centobot robot installation training

The robot design system works online, which means that it doesn’t need installation. You should enter the website to use it. We suggest you read the article “What is a forex robot” before reading the forex robot installation tutorial.

After creating and designing your desired robot, you can connect it to some of the three brokers below:

• BINARYCENT Broker
• VIDEO FOREX Broker
• RACE OPTION Broker
• IQ CENT Broker

After connection to one of these brokers, your trades will be executed directly from the “Centobot” website on the broker. If you want to change parameters, it can be done from the website. Also, Alpine EA is an excellent available robot that is provided by Express Advice.

How to work with Centobot

To work with this online robot creator, Centobot, you should enter its website and click on the “Signup” option. As you can see in the image below, to register, you should enter your name, last name, phone number, base currency, and password and, select your broker, then click on the “Register For Free” button.

Then, you will be entered to the website automatically; click on the “Active” option in order for your account to pass the activate process.

As you can see in the image below, you must determine the desired information at each level; for instance, you must determine your credit card condition or digital currency wallet.

Next, you should turn back to the previous page in order to choose your robot or create it. If you prefer to create it, click on “Create Robot”, then a new page will appear for you. Firstly, decide your robot’s name. Then, select your desired indicator by its suitable time frame.

Next, adjust the trading symbol you want to trade on and save it. Finally, use it for trade!

Best trading session for using Centobot

Since each person creates their own robot, the best trading session should be chosen by the user. However, you can also get help from the market’s general trading sessions. For example, since most trading volume occurs during the London and New York trading sessions, it’s best to define your trading time within these time frames.

Best trading symbols for Centobot

When creating your robot, you can specify which trading symbols it should trade on.

You can also specify whether the robot should execute buy or sell trades on those symbols.

The performance of Centobot

When you log into Cento-bot, you will see a menu on the right side where you can view top traders’ performance and connect your account to them using the CopyTrading feature.

If you are interested in learning more about buying Forex Trading Expert, check out the “buy Forex EA” page.

Advantages and Disadvantages of Centobot

One of the points that you should get before buying Forex Trading Expert is the advantages and disadvantages of Forex Expert. Next, we will examine the advantages and disadvantages of the Centobot robot.

Advantages of Forex Centobot EA:

• Strong support team
• Ultra-fast execution using fiber optic technology
• Ability to create a robot without programming knowledge
• Fifteen ways for deposit and withdrawal

Disadvantages of Forex Centobot EA:

• The minimum deposit required $250
• There is no mobile version available
• There is no possibility to use demo account without paying initial fee

What we read in Centobot article:

As we read in this article Cento bot is not a robot but an online robot creator system, trading on its broker, and also some selected brokers where you can simply create your robot. Also, there are available robots with predetermined results that you can use but you should pay some percentage of your profits to use it.

Overall, it’s a good opportunity for those who want to design their own robot, but it’s not that reliable and profitable. Do not be worried, Express Advice is an excellent company which provides trading robots, and Alpine EA is one of the most profitable robots! Forex traders can check the MyFXBook website to buy the best Forex Martingale EA. Also, if you are looking for a safe and profitable robot, Alpine EA is the best.

Frequently Asked Questions

Is Centobot secure?

Centobot is a very popular system worldwide that serves as both a broker and a platform for designing robots.