Can Trading Bots Really Make You Rich?

Can Trading Bots Really Make You Rich?

I’m on fire! The balance is $743. Is it possible to earn several thousand dollars per session on buyer options with the help of a trading bot? Now, I will test it on my personal experience. This time, I will not make decisions on my own but will just follow the prompts of artificial intelligence. Let’s see where it will lead.

Hello friends, here is Agatha. I’ve been making good money on binary options for more than seven years. For this purpose, I’m constantly developing new strategies and discussing them with you in my telegram channel. But many people say that there is another way. The other day, one of my subscribers sent me a link to a trading bot called ChatGPT. He says that he earned $5,000 in a week just by following the signals of the bot. Well, that sounds like a challenge. Now, in front of your eyes, I’m going to test this bot in real conditions.

To be honest, I don’t really trust bots, but it will be a good experiment. I have already conducted a similar one with another bot from ChatGPT on my channel. You can watch this video afterwards. Yes, guys, this is an experiment. I don’t recommend you to use bots because I don’t want you to lose money because of machine recommendations. But I’m willing to risk just a little bit of my money so you can see if it works in practice.

All I will ask from you is to like this video so that more beginner traders can see my useful videos. And as for signals, there is a more workable way to make a few thousand dollars a week without much effort. Subscribe to my telegram channel at the link in the description and get tips, tricks, and trading signals from me. My win rate is 84.6 percent, so I know what I’m talking about. This is your first step to financial freedom and a high standard of living.

Okay, now let’s see if the bot will be as successful at trading as I am. I will first try to analyze charts and make decisions on my own, and then I will try to follow the bot’s prompts. Let’s see who will earn more.

First, I will try to analyze charts and make decisions on my own. I have chosen the RSI and Keltner Channel indicators. The Keltner Channel will limit us to the area when leaving which we will buy or sell depending on the chart movement. The RSI will be used to move the chart just in this area. For this purpose, we will use three currency pairs: USD/BRL, CAD/CHF, and NZD/CHF.

Alright, guys, Agatha is on the boards. Let’s get ready to rumble. We choose the USD/BRL pair. Here we see a downward movement of the chart with a big bearish candle. That means we should quickly navigate and see the support level that the chart tends to reach and open a downtrade. So, we do. We opened a $100 put trade. Our balance is already $191, and we move on.

We will change the currency pair to CAD/CHF and look at the chart. We have a downward movement of the chart here. As long as it has not reached the Keltner Channel, we can safely open the put trade. Let’s see the amount of $100 and wait a little bit. The profit on the trade is $187. Keep going.

Let’s change the currency pair again and look at the chart. We choose NZD/CHF. Everything is quite simple here. The chart is moving down, and it is already very close to the exit from Keltner Channel. The RSI is also moving lower. Now, there should be an exit outside of this channel, and this is a sure sign that a $100 put trade should be open. I’m almost 100% sure that we are going to make a profit. Our balance is already $565, but we can do more.

Let’s turn to the USD/BRL currency pair. Here we see that the chart touches the upper side of the Keltner Channel but doesn’t go beyond it. That means that the only option of its further movement is downward. Let’s keep it simple. Open a $100 put trade and wait for our profit. That’s what I’m talking about. Another $191 in the account. I’m on fire. Let’s keep the momentum going.

Let’s change the currency pair again and look at the chart. We can see that the situation is just a little bit similar to what happened in the previous trade. The chart tends to go above the RSI indicator and almost reach one side of the Keltner Channel. In addition, we can observe that the chart doesn’t have a stable increase. So, when reaching the maximum level and touching the Keltner Channel side, we can safely open a put trade for $100. Perfect profit from this trade amounted to $187. The balance is $743.

As you can see, I’m pretty good at analyzing charts. Now, let’s see if the trading bot will be as accurate in its predictions. Before starting the experiment, I withdraw my money from the account and left exactly the same amount in it as I had before starting my own trading session without the bot. I’m still not ready to trust the bot with large sums. This time, I will not set indicators. Let the bot think for me, and I will just follow its signals.

I already have several currency pairs open, so let’s get down to business. For the first currency pair, USD/BRL, we request a signal from the bot, and we get the answer that we need to take a put option. That’s what we are going to do. Yes, and we have our first profit. The bot was right, and now I have $391 in my account.

Maybe artificial intelligence really is ready to replace humans. Let’s make another trade. Let’s move on to the second currency pair, CAD/CHF. We request a prediction from the bot. It also recommends taking the put option. Hmm, I’m not sure that’s a good decision right now. The risk is pretty high, but I promised I would only follow the bot’s signals. You know what? It was a bad decision, and our balance is now $291.

Hey bot, you seem to lack analytical skills. How do you even create these signals? But let’s not get upset, friends. Actually, it was just an experiment. Let’s move on.

Here is the third currency pair, NZD/CHF. I am asking for a signal from the bot, and here is the signal. I think that the chart will go higher, so I choose the call option. Oh no, I lose again. Unfortunately, the artificial intelligence is not as good as I would like it to be. I only have $191 in the balance.

It’s good that I don’t spend all my deposit on the trade and watch the risk management. I hope I will not go to zero with such signals. You know, friends, I really still don’t understand what algorithm bots use to analyze charts and give signals. Leave your ideas in the comments. I’m really interested in reading.

Now, I need to take a break and think about the topic of the next video. I will see you soon. Bye!

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