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Base on what this person published on the website thus far...
I would not touch this with a 40 foot pole.
At $1000 per month the person might be selling something that has some value but for me no real value is visible from the marketing on that website.
The graphics and performance report scream 'curve fitting'. It is not uncommon for a short period drawn from a number of months the worst strategy ever published can produce a a number of wins in a row.
Signs of weakness..
- Only 24 trades
- Only one time period/one mood of the market
- Publishing a performance report with a Profit Factor of 99
This list goes on..
Hedge
The following user says Thank You to hedgeplay for this post:
I have direct experience with BoldBot having been a member for several months. It’s not a scam, but I believe they promise far more than they deliver. I cannot recommend it for multiple reasons.
They lease their bots to trade futures for $1,000 month. They have two main strategies; one called Range and the other is Scalper. You can run them on a variety of instruments, and they provide you recommended settings for each. Range is a basic Opening Range Breakout (ORB) strategy. The risk to reward ratio is high, so even though it has a high win rate, it must just to break even. I found myself hitting multiple losses in a short period and playing catch up just to break even. With the $1,000 monthly fee, I was under water.
The other bot they offer is Scalper, which can produce some large gains. Lauren, the owner, likes to show big wins during her YouTube livestream. She tells viewers that her bot is hands off and professes its virtues. The truth, however, is not so rosy. What she doesn’t tell you is that she is trading these in SIM mode for the most part. She’s cherry picking her wins between multiple trades with different settings. She doesn’t show people how the same strategy can lose all that gain later in the morning, or the next day. Once you get into the group, she gives you guidelines on how to run Scalper. The first thing we’re told is that we shouldn’t run it with VIX under 25. VIX was under 25 for nearly my entire membership, so I wasn’t supposed to run it at all. I was a little bemused by this. Where is this highly profitable automated strategy you sold me on? Now you’re telling me I shouldn’t run it like you were running on your livestream this morning!?
There are some people in the group who make a lot of money, but they are usually manual trading and not using the bots. She offers a “digital membership” to teach you how to manually trade futures. She also offers one-on-one coaching sessions for a very steep fee. In the digital membership, you get pre-recorded videos of her teaching someone else about trading. I found them to be very poor quality. They start out of nowhere and are somewhat disjointed. You hear children interrupting in the background, and she sometimes goes off on tangents. She wasn’t very prepared with a well thought out syllabus. I lost confidence in her when she was teaching someone how to use RSI but didn’t know what RSI stands for. Wow! Frankly, you can get higher quality futures education on YouTube, for nothing.
What was really the final straw for me was her attitude. On her YouTube livestream, she’s very patient with all the repetitive and sometimes off-the-wall questions. That impressed me. But once you become a member, the YELLING IN ALL CAPS begins. She sometimes talks to people like they’re stupid, especially if several of them ask the same question. She did that to me after I asked a very legitimate question, ridiculing me in front of the group that I should already know the answer. I never asked another question.
When I decided to cancel, she started sending me messages saying she’s shocked I’m leaving because her bots are “killing it”. I took the high road and told her I had developed my own strategies and planned to use them in the future. Then, she cut me off from viewing the settings spreadsheet a week early and did not respond when I asked her why. How petty! Had it not been for that, I would not have written this negative, although completely honest review. IT’S OK LAUREN, I DON’T CARE ABOUT YOUR SETTINGS! I WAS LOOKING AT THE RESULTS TAB TO SEE HOW MUCH MONEY I WOULD HAVE LOST!
I really wanted this service to work out, but it didn’t. Some may find it profitable, but I did not. My advice is to learn to manually trade and develop your own strategies that you can update as required. Most of all, beware of people who make their money selling you a product to make money. If the product was that good, they’d use it to make lots of money all by themselves.
The following 7 users say Thank You to bobby121 for this post:
I totally agree with bobby121. I also signed up and had a really bad experience.
She is making money on 200 members paying $1000 a month each. She is not making any money on trading. The losses on "Range" algorithms are gigantic, I think PT is 35 ticks and SL is around 250.
You need more than $10K in your account to use her strategies but she keeps saying you can start with $500. I followed all her instructions and her algorithm blew up my account. I messaged her asking what was going on and why I lost all my money and she replied:"You started at the bad time, you got unlucky."
As mentioned in the previous post she is extremely rude, when people are losing money she pulls up statistics showing that the algorithm made tons of money. There are some manual traders in her group, they are posting $70K in like 30 minutes of trading almost everyday and people think its because of the product she is selling and her mentorship but I think they are really good traders and she is probably paying them to create the impression of huge gains.
To sum up I think it is mind blowing how Lauren (not sure if it is her real name) earns $200,000 a month on selling algorithm that can be coded within the hour. So many people subscribe, try 1 or 2 months and leave and she just keeps going posting only wins. There are a lot of disappointed people in the group but she removes them from slack and never shows the dark side.
Bold Bot is extremely misleading, it is not what is shown on the website or YouTube videos. You won't make any money and most likely will lose what you have.
The following 2 users say Thank You to Vensen for this post:
Yes. It's pricey but her strategies work. 500 for 3 weeks then 1k a month for access. She gives out settings and updates them when market conditions change
The following user says Thank You to Teebone21 for this post:
