Last Friday, I thought, “Wow! I love this Precision bot. I am going to buy another one to have so I can tweak the settings.” Today, I am saying, “I would rather buy a different bot. The conservative thing to do is continue to spread out the risk.”

Well, when you play with the setting too much and have success, you might get the wrong idea. I have now been “bot slapped”. It wasn’t a tap on the shoulder; it was a slap. Going forward, I will live within the risk range that is more reflective of my age. Yes, Forex is risky. But, when you provide a bot a brokerage account and give it aggressive settings, you need to be prepared to take a loss. I have been pinched and properly alerted. Fortunately, it happened on an account with a small balance.