Good Algo and company
It's been a good year so far for me. Based on the past 11 months of using their algo, I have a monthly average of 4.38% return. In my opinion, this is definitely better than a CD or Index Fund. Of course, it does comes with risk as I've experience drawdowns on certain days where I thought I would hit my stop loss and it would take many more months to recover the losses. Crossing my fingers as that has not happened yet. They do provide good customer service and will get back to you when you message them on their Circle app. That’s the way I’ve been communicating with my account person. I took one star off because it’s a set and forget algo with some predefined settings based on risk level. Whenever I tried to understand the algo and settings better, I do not get a 100% understanding on how it works. The company definitely spend more time with you during the sales phase when they want to lock you in as a customer and during onboarding when they set you up with the MT5 program and algo set files. It feels like a black box on how the algo works for me. They do not have any discord channel or other portal where they post any monthly updates to the algos or performance or market news related to the algo. This can be a good or bad thing depending on each individual needs. For me personally, since I’m paying an upfront fee, and then a monthly maintenance fee for this algo, it’d be nice to get a community portal where they allow members to see updates and announcements and perhaps interact with one another. Something like a member discord channel which a lot of other algo companies are doing. I’d still recommend to give this algo a try if you are in the search of currency algo. The returns they advertised are realistic and they do have great customer support if you are totally new to this algo space.
By Wilson T.