forex bot... 4-6% monthly profit

tommy_rome

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I have heard some people who work on a forex bot which makes around 4-6% monthly profit working on pairs with JPY (example USDJPY, CADJPY etc) which has this return and a very very low risk (drawdown up to 15-20% and all positions closed in profit).

does anyone know anything about?
 
You know what they say about things that sound too good to be true...

I do have a co worker who is into forex. After 15 years of trial and error, he is doing great, but still has bad days.

%5 per month is %60 per year. That is a lot of returns
 
I have heard some people who work on a forex bot which makes around 4-6% monthly profit working on pairs with JPY (example USDJPY, CADJPY etc) which has this return and a very very low risk (drawdown up to 15-20% and all positions closed in profit).

does anyone know anything about?
”All positions closed in profit” sounds like a very bad idea. Not something i would put my money in. And most likely a scam but you never know, its possible. But if they are still working on it that means thats only backtested and not forward tested. You cant trust backtests too much it could be too optimized to historical data and not work in a forward test
 
I have similar experience with a bot I'm using, I make between 1-3 daily on my capital, but it's for futures trading, not forex.
 
I have heard some people who work on a forex bot which makes around 4-6% monthly profit
OP, look. These are unrealistic claims. We are talking about having a money printing machine here. So if you have a money printing machine, why would you ever even mention it to anyone? There is just an enormous risk of this being a scam.

I make between 1-3 daily on my capital
If we take 2% daily, that would mean that you can turn $100 into $138 000 within a year.
 
I also heard about something similar.. Just try and be careful out there
 
Their profit are from selling the bot.. not from trading
 
OP, look. These are unrealistic claims. We are talking about having a money printing machine here. So if you have a money printing machine, why would you ever even mention it to anyone? There is just an enormous risk of this being a scam.


If we take 2% daily, that would mean that you can turn $100 into $138 000 within a year.
I'll resume trading by next month, I'll share my daily profit here.
 
These bots only work for a short time, but when the market changes a lot, you will lose all your money.
 
I have heard some people who work on a forex bot which makes around 4-6% monthly profit working on pairs with JPY (example USDJPY, CADJPY etc) which has this return and a very very low risk (drawdown up to 15-20% and all positions closed in profit).

does anyone know anything about?

no, it's not possible to be profitable every month.
 
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