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Anyone Using the AI Trading Bot? $38,000 in a Week, Beating Professional Traders
Posted on 8/30/24 at 3:45 pm
Posted on 8/30/24 at 3:45 pm
quote:
A new AI Trading Bot, priced at $450, is accessible on any Windows OS, even older PCs or laptops. Technical traders are saying it's unfair, but it's legal and users are reporting significant earnings.
quote:
The name of the AI trading bot is Galileo FX. It is like having an automatic helper that trades for you 24/7 based on set rules, quickly making lots of small trades to profit from market changes, while traditional investing involves buying assets and holding them for a long time with less frequent trades and lower risk.
quote:
Using a trading bot is different from traditional investing. The bot automatically scans the market and makes trades based on set algorithms, allowing for frequent trades and the chance for high profits. It operates 24/7, ensuring no trading opportunities are missed. Traditional investing, on the other hand, involves manually buying and holding assets for a longer time with less active management, leading to steadier and lower-risk gains. An AI Trading Bot offers the benefits of automated trading without needing constant attention, giving regular investors a chance for higher returns.
quote:
The bot’s influence has been spreading rapidly. With 8,000 downloads to date, it’s said to be generating millions in daily profits for its users.
Yet, despite its growing popularity, its future is shrouded in uncertainty.
There have been rumors of a large US-based hedge fund expressing interest in acquiring the algorithm. As of today, the software is still available for sale on the official website.
quote:
In an unprecedented display of artificial intelligence in action a new AI trading robot reportedly generated a return of $38,000 from a $5,000 investment over the course of a week, according to verified trading records and third-party verification by MyFxBook.
The story doesn’t end with the initial success. Starting from January 23, 2024, with a $1,000 investment, the bot once again showed its worth. By June 11, 2024, it earned a profit of $5,600 — a stunning 560% gain over the test period.
10
Posted on 8/30/24 at 3:55 pm to Shexter
How hard it is to set the parameters? Is this something a layman can do ir need to be a programmer?
Posted on 8/30/24 at 4:06 pm to GREENHEAD22
Market makers about to change the parameters on their AI 
Posted on 8/30/24 at 4:22 pm to GREENHEAD22
quote:
Yes, there is risk, but you can minimize it with settings like:
Stop Loss: Caps losses on each trade.
Max Orders: Limits the number of trades.
Consecutive Signals: Ensures trades are made only under strong signals.
Lot Size: Keeps trades small and manageable.
quote:
"Look, if you're into staring at charts all day, skipping bathroom breaks and doing trades manually while obsessing over market news, then this AI trading bot isn't for you. But if you're like me and you'd rather enjoy life while making some quick cash, this bot is a total game-changer. I don't worry if professional traders say we have an unfair advantage—I just love seeing the profits roll in. So, I just kick back, relax and let the bot do all the hard work."
Traders have the option to select different trading speeds, ranging from slow and steady to fast and aggressive.
quote:
A broker is essential as they provide the trading platform (MetaTrader 4 or 5) where Galileo FX operates. They facilitate your trades and hold your trading account. To find a broker, search for those supporting MetaTrader and offering good reviews and regulatory compliance. Recommended brokers include:
Oanda
Forex.com
Pepperstone
IC Markets
FP Markets
This post was edited on 8/30/24 at 4:26 pm
Posted on 8/30/24 at 4:39 pm to Shexter
Quick Google shows that is has been around since 2021, guessing they are rebranding to "AI" for their product since that is the buzzword. Looks like they are making another marketing push to get some more retail suckers
Looks like a lot people on reddit lost some decent chunks of change,
Looks like a lot people on reddit lost some decent chunks of change,
Posted on 8/30/24 at 4:43 pm to Shexter
I think I’ve looked into this and these are almost all backdated examples of the model. They weren’t real world trades IIRC.
Posted on 8/30/24 at 4:49 pm to slackster
The usual too good to be true. Make thousands without any work at all!!!
Wall Street funds been trying to perfect this algo traders for decades. NASDAQ had electronic trading in the 80s.
Why so many engineers/computer science work on wall street
Wall Street funds been trying to perfect this algo traders for decades. NASDAQ had electronic trading in the 80s.
Why so many engineers/computer science work on wall street
Posted on 8/30/24 at 4:55 pm to UltimaParadox
Renaissance Medallion fund is out there doing this but it’s obviously not public.
No one, and I mean no one, would sell an algorithm to the public that was actually printing money. Nor would they write a book, or any other number of greater fool approaches that people pander.
No one, and I mean no one, would sell an algorithm to the public that was actually printing money. Nor would they write a book, or any other number of greater fool approaches that people pander.
Posted on 8/30/24 at 5:04 pm to Shexter
Brother, the website you got this from is a mostly fake site that exists solely to pump fake financial news. The author of that article is a fake person. The comments are likely all fabricated as well as there's no chance a site like that has that much discussion and traffic. They have links to other "articles" but the only piece of content on that entire site is what you posted.
LINK
I won't make any judgments about the tool having never looked at it, but your source is the equivalent of Weekly World News.
LINK
I won't make any judgments about the tool having never looked at it, but your source is the equivalent of Weekly World News.
Posted on 8/30/24 at 5:28 pm to Shexter
Whatever happened to the poster who promoted the algo crypto bot? He was killing it.
Posted on 8/30/24 at 6:20 pm to Shexter
Let's use some common sense here.
If this sort of algo existed, do you think anyone would sell it to someone else? Come on guys.
If this sort of algo existed, do you think anyone would sell it to someone else? Come on guys.
Posted on 8/30/24 at 6:43 pm to I Love Bama
quote:
If this sort of algo existed, do you think anyone would sell it to someone else?
For only $450.
Posted on 8/30/24 at 6:44 pm to Shexter
I remember a program, Cant think of the name, but the price tag was 20k.
Lot of Hype
Lot of Hype
Posted on 8/30/24 at 8:05 pm to I Love Bama
quote:
this sort of algo existed, do you think anyone would sell it to someone else? Come on guys.
I could see selling it under license to select firms or individuals for a hefty tag if if worked as advertised
Nothing that claims to make easy money for regular people is ever legit except the random lottery winner. It’s usually just a way to scam regular people out of money
If you want to get wealthy, you’re gonna have to work for it if you didn’t inherit it. Want to get rich on stocks? Put the hours in studying how they work and what to look for. And it will still take some luck
Posted on 8/31/24 at 3:49 am to Shexter
Lead into gold.
It sounds to good to be true.
Tulipmania
Most of these schemes end the same.
It sounds to good to be true.
Tulipmania
Most of these schemes end the same.
Posted on 8/31/24 at 8:14 am to Shexter
quote:
AI Trading
AT
Posted on 8/31/24 at 9:10 pm to UltimaParadox
quote:
The usual too good to be true. Make thousands without any work at all!!!
I will say I have made significant gains (25% this year so far) using the politician tracker.
Posted on 9/1/24 at 2:27 pm to lsuconnman
quote:
Whatever happened to the poster who promoted the algo crypto bot? He was killing it.
Just my wild guess, but a likely one:
Posted on 9/2/24 at 1:05 pm to Shexter
quote:
Technical traders are saying it's unfair,
Doctors don’t want you to know this amazing secret!
Posted on 9/4/24 at 8:58 am to brass2mouth
I will say I have made significant gains (25% this year so far) using the politician tracker.
_________
You realize the s&p is up 25% this year?
_________
You realize the s&p is up 25% this year?
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