Gold Digger – May 2024

Gold was good to me in May. While the profit from The Fed & Gold Digger account was good, the star bot was easily Gold Digger.

Profit from Gold Digger Trades$ 8,579.00
Commissions$ (609.00)
Swap Fees$ (328.81)
Gold Profit from GD$ 7,641.19
Total Profit from GD & Fed Shared Account$ 14,126.46
GD % of Profit54.09%
Gold Digger was the star of the two bots that dwell in the shared Fed & GD account.

The benefit of having the two bots share the account is the ability to benefit from the account size. The recommendation is to set the lot sizes on the 23 Forex pairs as usual. (The bots are yours, and you control the settings.) Because you maintain this control, the bot provider is not responsible for any losses. They are only providing a tool.) The Gold Digger bot can be set wherever you choose. I chose to set the lot size to about 2/3rds of the lot size if the GD bot was dwelling in a solitary account. Larger lot sizes could bring greater profit but also greater stress.

Many in the community have been disappointed by The Fed‘s recent performance when trading separately in its account. Again, lot sizes are within the control of the bot owner. More aggressive settings can raise profits and risk.

With consistency as a goal, I like the dual attack of these two bots. I don’t like the need to pay two monthly service fees. However, for a month like May, the monthly fees account for just over 4% of the monthly profits.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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