In the 2.5 months I used the Dalio bot this spring/summer, it made $50k. Then, in early August, I lost $70k in one night. Yes, the Forex markets were going crazy. And, yes, I could have changed the settings so all of the open trades would have closed at 25% (my profits in a $200,000 account) drawdown rather than 35% drawdown. Bottom line: I lost about $20,000.

What has changed? NURP has addressed some of the issues in the 1.0 version of the software, as they pointed out in their announcement.

Lot Exponent Option Removed: This feature has been eliminated to enhance and simplify the user experience.

Default Commission Value Updated: The standard commission rate has been increased from $2.50 to $4.50, offering a more accurate representation of trading costs. At OX Securities, it is $7/lot. This has no affect on me.

Default Basket Stop Loss Adjusted: The basket stop loss has been modified from 15% to 20%, providing the system with greater flexibility in managing account equity. Because the bot trades more aggressively than originally thought, the 15% drawdown max was deemed to low. NURP has raised it slightly.

Open Trades Panel Added: The chart information panel now shows open trades in the following format: Number of open trades per pair / Total allowable open trades (Total number of open trades in the account). For example: 1/275 (46).

Licensing Stability & Backend Enhancements: We have addressed the issue where the algo (Expert Advisor) would randomly disappear from charts. This was the big one for me. When the algo disappeared, the martingale sequencing was lost. Some forex pairs were caught in trades I could not get out of because of the Forex movement that took place while the Expert Advisor was absent. I could not safely transfer funds from the account without fear of the impact to the drawdown.

Improved Basket Stop Loss Behavior: When the basket stop loss is triggered, the algo will remain visible on the charts. Instead, trading will pause at the account level and can be resumed once market volatility subsides, eliminating the need to reinstall the algo.

Before I make a decision, I need to do a gut check. With my other losses this summer, I am still reluctant to trust a bot who went rogue with my money. What am I likely to do?

1. I will review the new videos from NURP. This will help me better understand the improvement mentioned above.
2. As I try to recoup my yearly losses, I will likely wait until the first of the year before pursuing this option.
3. I will keep the account size low (around $25,000) so that if Dalio goes rogue again and blows an account, the damage is minimized.

I believe NURP is becoming more aware of problems when bots are “wide open.” I hope to see ongoing improvement in their bots in the future. Trusting their bots with more of my “good” money is hard after the summer surprises they gave me.