Algo is faulty and lost most of my profits
I would hold off on investing anything. I am part of Star XoX and also part of a larger trading forum, and it's clear the bot is not as sophisticated as it seems. Since I have joined, it has wiped away half of my winnings, while on the same losing days, I see most others in my trading forum are ending the day in profit. In fact, in the past week, I had 4 out of 5 losing days while others had mostly winning days. The bot is supposed to close all positions in a day and has a stop out of 2%. Well, it has missed the daily stop out completely, leaving me holding a negative balance of thousands of dollars. I am sure they will improve at some point, but I'd hold off investing for now. The bot needs some work
Update: Day 2, when I was holding the massive negative balance, those open trades went deeper into the red and the Algo missed its 2% stop out again, wiping out all but 1% of my gains. I had to manually intervene to save it. I was assured the Algo was managing it, but clearly was not. An entire month of profit, almost done away with in 2 days. Support is not adequate - despite reaching out repeatedly, there is a very delayed response and requires multiple follow ups.
Proceed with caution.
August 7, 2024
Unprompted review