My Bot Journey To Date

Been into bots since my first with Nurp LLC, The Fed Bot. The Fed Bot works no bones about it, they claim 10-20% a month and I agree. However they have a hefty upfront fee ($12k-$20k) and 1% or so monthly, included is a robust community and support. After I purchased my first bot, I went on a deep dive into Forex and bots as I didn’t want to buy another bot from Nurp LLC due to the cost. What I found were many scam bots with wild claims, but also a handful of legitimate developers who make great bots and provide okay support. You can get a good bot from $500-$4000 lifetime I discovered.

Many of the Instagram bot adverts you may see will make wild claims and show you screenshots that any bot can produce for a short amount of time, but can they do it on a long term basis? To find out you have to dig further and evaluate a Myfxbook site for instance, a great source of proof if reviewed correctly in my book. A good bot that will last the market volatility for a sustained period of time can produce 10-15% a month on average. I’ll take that all day long in my book.

So after many months of testing 3rd party bots, many that didn’t work as advertised on demo accounts even after I did my proper due diligence and thought they had promise. But a few worked as I had hoped and I moved these to using real equity. Today I run three bots on real equity, one of which is the same set up as The Fed (by Nurp LLC) and costs 1/20 of their price, and no monthly. I continue to evaluate and demo other bots as part of my long term plan to have a family of trading bots working for me.

The future of bots for the retail investor is very promising in my book, not only for Forex but also crypto. But for the average person, they are not easy to get into since you have to join all the pieces together yourself, a little technical but not difficult, you need documentation on how to run the bot software, and live support due to the many small questions that arise.