That’s actually a pretty cool experiment—ChatGPT can give you a decent starting point, but as always, backtesting and risk management are key before running anything live. I’ve played around with similar setups and found they can be helpful with the right tweaks.
As long as you are playing a poor man’s game, there’s no strategy that will work. What exactly encompasses a poor man’s game? HIGH LEVERAGE TRADING.
That is, with your $200 capital, you trade $100k worth of capital in a 500:1 leverage .
The problem here is the decimal points of your instrument of trade. Let’s say Euro/dollar 1.07945. Means you purchased 92,678 physical dollars. Every time dollar it moves .001, you lose/make $10. So it only takes a movement of 0.02 to wipe out your capital. Today Euro dollar moved 0.05. Which means you have a restricted upside( can’t make more than 5x your loss per movements).
Run your same strategies with no leverage, utashangaa.!
I’m not a fan of leverage, I find 10:1 to be plenty, if 1:1 is possible then so be it. I’m more into taking tiny profits over a long time, automated, and I am a novice at all of that, i got scared when I learned that when the bots discover that they made a loss, they try to regain by by digging more of both seed money and leverage. So @Simiyu22 are you willing to share your bots?
Okay sawa, gimme a quote, with evidence of a working bot, I’ll pay. I’ve tested both Chatgpt generated bots, and the MQL5 free ones and purchase 2 10$ ones, what I didn’t like is the nightingale strategy earlier mentioned.
Why would I waste my time for $10 on 6 months of work? I’ve already made that in the time it’s taken to reply. By the time it hits paypal it’ll be $25.