There are certainly some good reasons for multiple bots. The most obvious is spreading out your risk. That was my thinking in December of 2023. After finding out about NURP, I made plans to start using their bots in January of 2024.

They had multiple bots trading in Forex. They even had one that focused on Gold. How could I turn it down? My Octane bot was plotting along making 2% or better. It was better than a CD, but not very exciting.

I convinced myself that Octane was so “boring” I needed to find other bots that were more entertaining. And, after all, I was trying to create a blog where I highlighted my algo-trading journey. I needed regular content. The more bots I had the more sources of content. The more bots I had the greater the diversity of my portfolio. How could I lose?

Losing became a reality when I realized almost all of the bots I was putting into use traded in the same Forex pairs. Yes, there were some differences bot-to-bot, but they were all Forex. Using multiple bots so you can have some weekly/daily excitement is the “wrongest” reason to have multiple algos. As I found, many times that excitement can turn into losses. And, if not losses, the money shifted around to cover the bots “sins” only allows you to win the battle and not the war. The bot creates a scenario it needs saving from again the next week, too.

While Octane is experiencing a definite “lull” the past few weeks, I will trust Octane on aggressive over anything NURP markets. My ideal is a bot that doesn’t need you to hold its hand. Octane continues to be the only bot I trust with that distinction.