Questions & Answers
How passive Is this investment?
Getting everything setup and going takes about 2-3 hours total. Once you have confirmed your settings are correct after a week of casual monitoring, it's really just a quick daily check in to confirm everything is going smoothly on your phone or computer.
Do I run the bot personally?
Absolutely yes! You are in complete control of everything, the broker, bot and VPS are all yours as they should be when it comes to your funds. Setting up and running your bot is not difficult after you have done it once following detailed instructions, and all the other resources you need are handy along with a community and support.
Anything else needed besides a bot?
In addition to the purchase of a bot, you will need a VPS ($30/month approx) to host your bot and a computer to access the VPS to setup your bot (bot specific). A specific broker is also needed to connect the bot to.
Why don't you charge for this service?
I am not really interested in having a sales process and all the maintenance that goes along with that (this is side hustle for me). I am okay with the referral fee from the developers. (Disclaimer: "I may get a referral fee from some products you purchase" steak dinner money I call it)
Why do you do this?
I was looking for a long time trying to figure out how to use trading bots for investing in the markets. After I proved to myself that this works and how best to structure this type of investment, I also noticed that many other folks also needed direction but could not afford my path. I discovered a cheaper path, with very similar performance so I thought why not help folks out who follow in your foot steps. Karma is real folks, pay it forward.
Can't I just compound profits until I'm a billionaire?
We have all seen those crazy gains and I've told you it's a 5-10% average monthly return, then you go do the calculator and $$ signs start appearing and you start lambo shopping (jk). To stay in this for the long term, you use a small amount of your equity and grow that, take profits off the table, and continue to grow and use bot profits for a more stable investment, moving funds down the risk profile. But yes, the returns are real if done safely.
Does this model break down eventually?
My understanding is, that at around $500k in equity per bot, instead of the broker or liquidity provider taking the other side of your trade, they need to find a 3rd party and this slows things down and you may miss trades. Thus running multiple bots can help this problem. The Forex market is also huge, and retail investors are not going to influencing price action with our small trades.
How risky Is using trading bot?
All investments come with risk, as does Forex trading bots. We teach and recommend how to structure your equity in bots as a part of your overall investment portfolio, with a portion in high risk/high return products like trading bots.
What's an Equity Protector bot?
The Bot Concierge built a lightweight bot that sits alongside your trading bot and will stop your bot from trading at a set level should you experience a deep draw down. A good bot doesn't usually need this protection, but you never know with markets and this gives additional safety for your equity.
Why do the developers sell their bot if it is so successful?
A good developer knows only so much return can squeezed from the equity before risking it too much (see above). Most of these developers are single person entities who know how to build a good bot and an additional source of income is always nice.
Where do I start?
Reach out to us on Instagram and I can drop a link to our discord where you can get up to speed quickly. There is a detailed PDF doc you should review first and then everything you need to know to begin operating your bot. Along with a great community and support when needed.
How quickly can I get started?
Once you have your broker account setup, you can set your VPS and bot up in about 1-2 hours max. Run your bot on a demo account to make sure it's running correctly and then move to real equity once you have sent funds to your broker.
What if I change my mind after purchase?
The developer we recommend for the beginner bot has a 30 day refund policy. Not all developers are like this. The Bot Concierge does not charge you anything.
Why don't you just drop the links to the bots and call it a day?
There are three important parts of running bots that you need. All of which can be found in The Bot Club. 1. Profitable Bots - Safe and profitable bots, that's obvious but not so easy to find. 2. Education - How to operate the bot along with the important metrics to monitor. 3. Support - Developers are bad at support. We help full the gap.
