While I have left the door open to use the Octane bot in the future, I won’t be doing that for a while. Once I decided to close the bot down, what did it look like?
First, after giving customer service every chance to fix the problem, I received this response, “There is nothing else we can do unfortunately.” Once I received this reply, I had three choices. (The 3rd choice was one I included.)
- Shut down all of the trades that preceded April 23rd. Then, let Octane handle the rest of them
- I would monitor the trades before April 23rd myself. I would need to shut them down when they were profitable, and then Octane monitored the rest.
- Stop trading on the bot and shut down all of the trades. Then, move my money to a place where it could be managed by a bot I trusted.
After all of the frustration I experienced, the 3rd option was the only one I could tolerate. If EFX makes upgrades, I might reconsider down the road. This is what the rest of the process looked like:
- Turn off “auto trading.” Shut down all of the trades. To make myself feel better, I shut down the profitable trades before closing the ones responsible for the drawdown. This gave me a brief euphoria before the trade closures dug into principle.
- Log into my broker and move the money from one account to another.
- Once the money arrived in The Fed/Gold Digger’s account, I logged in to my VPS and went through every Forex pair these two bots traded. I changed the lot sizes to reflect the additional funds I transferred into the account.
Moving funds and eating drawdown losses does not help me reach my goals. Early next month, I will release a post detailing what practices I will implement to prevent another “April.”
Questions? Always welcome!