Minotaur Smart Bots Low Drawdowns - Pedro Testimonial

Hey, Pedro. How you doing?

Hey, Costas. Nice to meet you. How are you? Happy New Year.

I'm very well.

Happy New year.

So it's January 5th, January 6th in Australia, 2025. Great. So, Pedro, you've been with us for three months. So today we're doing a recording just to get a bit of an update, seeing how do you. Yeah, you know, how's your performance been? How have you. Your experience has been with the company? You know, let us know about. Yeah, your experience with Minotaur so far.

Okay, Perfect. Yeah. So, Costas, overall, I want to say that my experience, I would rate it 10 out of 10. And so the biggest thing for me, you know, related to Minotaur is the fact that I've been able to have, you know, stress free, passive returns. So obviously, you know, ever since I joined, you know, one of my biggest concerns really has been, you know, protecting capital. And. And, you know, you know, of course, when. When I set it up the first time, you know, I set up as conservative as possible because I didn't know much about crypto. And I started, like I mentioned to you, around September 28th, and I think that the bot, he started trading, like the very next minute or so. I was really surprised. Now what I can tell you is that, you know, when they set it up for me the first time, I got, like, I want to say 55% coverage, but it was more like a, you know, I want to see how it works. And so it was like a. I think it's my settings that he called them conservative, as I remember. Yeah. So I was not worried about returns. I was just worried to, you know, get a bit of. Of, I guess, an understanding of how the bot worked. Now, one thing that truly surprised me is that even though the board was running like on a one minute chart, for some reason, I was expecting, like, lots of trades, you know, so. But at that time, I think I want to say bitcoin was a bit slow, I don't know how to call it. So the very first few trades that I entered, you know, I think it took like a week and a half or two weeks to. To close my first set of trades. Yeah. So it honestly, you know, was a surprise to me, but at the end of, they still delivered. And I think I was averaging around three and a half to 4%. But again, the biggest thing for me was, like, the drawdowns were extremely small and, you know, post nothing like stress free. Okay. Now, about a month and a half into it, and I had another call, and I Changed the settings for. They call it semi conservative. So it was still like 45 or 40% coverage. And you know, but again, the thing to me is that, you know, when I was looking at the charts, I mean, I'm not a trader at all, but it seemed to me there was a few weeks. Oh, that wasn't during the election. Sorry. The bitcoin started to get really active around the election time and like, it was like literally closing trades, you know, consistently. Right. So the returns in November, you know, where I want to say four times what it was in October. Yeah. So I was not expecting that. So obviously in November what happened is they told me they had new settings. Okay. And so I missed up a few trades, if I'm not mistaken, because I turned it off, you know, right before elections. I felt like it was, it was, it was, it was a bit. What is it called, dangerous to be. To have the bots running. And it's still, you know, even though I turn it off for like day or two because I told, I told Fernando, hey, let's turn it off, because he was giving me new settings, you know, until the election comes back. And I noticed that that bitcoin kept going up, so then he, he turned it on back on me. But I noticed that it was constantly, you know, getting into new trades. So it was doing really well that in November now for, I want to say the half of December, it also has done really well. But it was like so far I closed like half of November because November was very active. Yeah. But still really good returns. I think I was averaging around 5 and a half percent with the new settings. So that's amazing because I told him if I can get 5%, I'm static. Like, I'm not looking to get rich quick. So so far the results have been around. I want to say 14%. I mean, what is 6,500 into 53? 800. Let me check. Yeah, I have to do the calculation. So If I do 6,500 divided by five 3, 8, 00. It was 12. 12% so far. So total. Okay. Yeah, 12%. And just recently I am. They made up. I made a new change. And I don't know if this is that. That's just me or not. Which. They're using the five minute chart now. So I'm testing the new settings, you know, but again, I understand that they're still very conservative. Like, I'm not trying to run any piece any harder. Now. One thing I want to mention to you, Costa, I cannot really mention the names you know, I was, I was working with another company that, you know, was doing amazing for me in October and then around, sorry, I started with Emmy in August. Okay. It was doing really well for me for August, September, October. And when I went full in and I was actually testing Minotaur to move some capital and kind of like diversify around, around October 28, and that bought after gave me, you know, really safe returns. All of a sudden I had a major, major, I want to call it Drawdown. Like, I lost almost half the account. It put me into a lot of stress. A lot, a lot of stress. I didn't imagine that could happen with Forex, especially because I felt, oh, if I tested for a couple months, that's enough to give me confidence. So I was planning to move some money actually. And it's funny because like I told you, the first two weeks, I didn't see many returns with Minotaur because it was like slow bitcoin. And I was like, you know, I was like, oh, it's too slow for my, for my lacking. But then I realized, wow, you know, you forget about the wrist side, you know. So at the end of the day, you know, that was something that really, you know, stressed me out. So having Minotaur not giving me any stress has been unbelievable too, because at the end of the day, I, you know, it put me in a bit. And that's the reason I also was very conservative with Minotaur because like I said, as soon as I started Minotaur, about three weeks later, I lost almost, I want to say, 45% of my account. And literally to get back on my feet on that account will take me like 14 months based on the returns. So, you know, it's, it's that. That has been probably the biggest thing with me. And even recently, I mean, the, the biggest drawdown that I've seen is around a thousand, I think. And even then I'm like texting Fernando and Sebastian there. You're wearing it like, no, no, no, no. But at the same time, you know, it's just like the drawdowns are so low that it's anything that, you know, like, I've been about drawdowns, you know, because of this. But again, I'm looking at this more as a long term investment. But yeah, it's been consistent. You know, I want to say that every week I'm getting around, let's say, 5 to $600, which to me is amazing, you know, almost, you know, 1%. I want to say your account's like.

Six and a half grand.

You said 60,000.

60,000.

Yeah.

Okay.

Yeah, yeah. My plan was to double it before I had this issue with this Forex company.

So, so, so, so it's an interesting point about the Forex.

So.

So a lot of people don't realize, I think Forex is safer. But the thing is that you need to use a lot more leverage in order to make the money. Whereas with what we're trading, which is mostly bitcoin, bitcoin has the volatility for us to make good returns, but with much, much less risk. A lot of people don't understand.

And the other part that, you know, we, you know, it's interesting is that you only. At least me, I only play it long, right? So it tends to, obviously when you play the Forex, it tends to play both sides of the coin. So obviously it's more active, you know. But at the end of the day, I was talking to my wife, like, what is better, like, getting, you know, as long as you get, let's say, 5% a month, let's say that's what I'm targeting. And, you know, do you care that it happens, you know, in one trade, or do you care that it happens in, you know, 30 trades? Right. Like, I really like the action of daily, of daily returns, but at the end of the day, you know, like I said, it beat me really bad in. In October with this Forex bot. So, you know, like I said, I was a bit surprised because again, at that time I didn't have this experience when the first two weeks, it took so long to close the first set of trades, you know, but again, I was getting back off the bitcoin has been in a. I guess in a sloppy or not very active, you know, but then it alternated, right. In November. November was like, crazy. And I was not expecting bitcoin to get so active in November. Like, people kept saying, oh, be careful with elections and be careful with elections. They're all dialing it down when, yeah, it was actually helping making people a lot of money. Like, I have no clue about to read the charts. So you can tell, right?

So watching the bot, though, from your position, do. Do you. Have you started to wrap your head around how it works? And another thing, like, are you doing anything daily to control it? Do you have to do anything?

Zero. I mean, obviously I. I have this app that is really good, that is called Wonder Trading, that I actually have, like a bot that didn't know about that basically pings you every day, your weekly, your daily Results and whenever it closes the position. And so I get that notification like daily, right? Like you daily. Tell me, you know, what has been my last seven days and the last. But as far as touching the bot, the only time I touched it, I want to tell you one time, it was recently and that's the reason that I got upgraded to the five minutes was because I noticed that the bot bought a bot about above 100,000. And I noticed that a lot of the positions were above 100,000. And I noticed that it was hitting that ceiling quite a bit. So I decided right before Christmas, because people were closing stock, to close the position when it was like my bot recently, like one of the biggest drawdowns was like 1000. Okay. And then the next day I woke up and I saw it at plus 500. And I was like, oh my gosh, that's 1700. Like for me that's a big swing. And I went ahead and closed the positions. Right. And that I didn't know that if, you know, then he didn't take any trades for like a day and a half or two. And I was like, oh, it's maybe because of Christmas. Then I contacted Fernando and he said that basically if I do that myself, I need to reset the bot. I didn't know this, so he jumped on a call with me to reset it because he says that I shouldn't be messing with it. But he told me how to do it for the next time because fortunately at the end it worked out on my favor because then literally three days later, Bitcoin dropped to like 93. So it gave me a better entry. I'm not sure obviously what would have happened if I had kept it open because honestly I just, I just decided to make that call myself. So I have no idea how it would have happened, but to me was just too, too tempting to close it with. You know, I had like five positions open, I can remember, and I didn't like about being about 100,000. But beyond that, he set it up again with me and then he changed it to the five minute now. But. And so far, I mean, he has made money. Like I want to tell you, last week, sorry, last week, which was January 1st, was 5:28. The previous week was 6:23. So it's been, it's been good.

I mean, a week job.

Yeah, that's, that's a pretty good full time job. Where? Yeah, in, in Australia you mean? Or here? No, no.

If we converted from US dollars to Australian dollars, it's a lot.

It is okay, that's it. Yeah. Here where I live is, you know, these days.

Well, this is the question. Let me ask you then. You've run it for three months. You're gonna love a bit longer. Are you starting to have confidence that you could put more money into this system?

Yeah.

And it would do a return still with. And the risk wouldn't be increased, which is the.

Yeah, but to be honest, is the part that scares me. And I've sent this to Sebastian. I've seen how, you know, for example, look at a weekly chart. I'm not a chart reader, but sometimes you see bitcoin like being so high, like you're buying in the stratosphere. And I, I get concerned and you know, he tells me, no, no worries, the bot, you know, but like I said, as long as I understand it has some kind of a, of a pullback, you should be fine. How is it no pullback?

It's called a week off cycle.

Yeah. So again, sometimes I just feel like, man, am I buying at the very top. Because obviously if you look at a bitcoin chart and it looks so high and that sometimes, you know, as a. But I'm not a trader, of course. And so that was, that has been like always, like, hey, let's. I want to see how it behaves on, you know, when it's so high so that I can see how it, you know, because I want to see, I want to experience the, you know, the worst case scenario.

You want to experience the real, the real strength of the safety orders. As the safety orders execute, it doesn't matter where the entry point is. We're reacting to it. This is the whole, the whole thinking behind our strategy. So a lot of strategies, they're trying to predict the price direction.

Right.

What we do is we just place the order and then we wait to see what happens to the price. If the price goes up, we take a profit. Simple.

We open another order.

If the price goes down, we have the capital reserves there to protect the position with the safety orders that are slowly increasing over time and they're layering into the position. And a lot of people think it's similar to a martingale. It's a little bit similar, but it's not a martingale. A martingale is when you lose, double down on a loss. We don't work at a multiplier volume, which is usually 2x of it. We're actually much less than that. But we're just layering into an asset that is going up over time. So It's a much smarter approach on a better asset as well. If a currency is falling, it's another one. Sometimes they never recover.

Right.

There's no reason for them to recover. But something like Bitcoin has a lot of buying pressure as well that once it has a pullback, there's a lot of buying pressure and, and it enables us to always get out eventually and take good profits. And then obviously with the setups that are supported, we can cover the ranges 20, 30, 40, 50, sometimes even 65% ranges in order to be able to eject the capital into the trade at whatever levels we need to. So yeah, it's pretty amazing when you watch it. You started in October, the price has been going pretty much up with some corrections, but we'll probably have later in this year some larger corrections, 25, 30% and you'll see how it really. Well, really it makes you more money because you end up putting more capital into the trade. But yeah, I'm sure you'll be impressed.

No, very happy. To be honest. Like I said, the biggest thing for me has been the zero stress. Like I barely remember that I have the account because that's how little attention I'm putting into it. So. Yeah, but it's been phenomenal as far as, like I told you, getting 5% amount to me. That's, that's, that's, that's very impressive. Now I'm testing the new setting with the five minutes and again this. We're starting the new year. My guess is that it's going to trade even less than the one minute, but maybe the entries are going to be better because like I said, I think I want a couple times, I think, I think, you know, obviously I have no idea about the media works, but it just feel like a lot of times, you know, within a day or day and a half you have, you already had five positions quickly and you were, you know, I was, I was concerned that we were so high on the, on the charts. Yeah. So. But anyway, at the end of the day, I have not lost a penny so far. I mean, obviously, you know, the way it works is that it has a sequence so some positions will close at a loss, some other win. But as far as the sequence, I haven't had a single loss from, I mean anything yet. And the worst drawdown has been like, I want to say a thousand. And even then you're like, you know, if you look, calculate, it's like less than, yeah, 1% or. Sorry, I don't even know. This is crazy.

Yeah, yeah, there's always, you gotta, you've got to push and pull it, give a little, take a little. So obviously, you know, if you were to run it on a 15 minute, it would even have better entries. But the only thing you trade off is activity. Right. So it all comes down to what your personal needs are, that if you want better entries, then we back off on the, on the, we go to a larger time frame. Like a 15 minute, you're going to get much better entries, but you're going to sacrifice a little bit of activity. So these are one of the reasons why we have support that helps you, is that we basically get an understanding of how you want to set yourself up and then we help you kind of achieve those goals. So that's something that you can work on. You know, if you want to even look at the 15 minute chart, you can even run because you've got access to the algorithms. Like an example version where you just set up a new layout, add the algorithm to a 15 minute chart and you can actually compare the entry points to see which one you prefer. So there's a lot we can do because we actually give you access to the algorithms.

Right. That's the most important thing. Gotcha. No, I mean, to be honest, I trust whatever you guys settings do, but you know, I, I think, you know, like I said, if I can get 5%, it doesn't really matter if it's a few trades or more trades. But I really like this because, you know, right now we're in a junction point, I believe, you know, with bitcoin beat at 100,000, seems like, you know, that's a very big milestone. So right now I want to try to buy as much as possible below 100,000, you know, be above it. Obviously I don't know what's going to happen in the future. Maybe it's going to hit way more. But at the same token, I'm guessing that the higher that it goes, the biggest the pullbacks can be as well. So I rather have, you know, a situation where my positions are getting spaced out a little bit more sometimes. Like I felt, you know, I, I could build a, you know, six positions within a day or two. And sometimes based on what I've seen, obviously I have no idea how to trade bitcoin. It just seemed like very quick, you know, to get so many positions, you know, but otherwise, you know, like I said, I'm happy and to test the new settings and hopefully the, the returns will not go down with. If I mean it, I'M you know, but I don't know right now. It's just the start of the year. It's around the same year. Yeah. So that's the only thing. But obviously I'm very happy and the team has been amazing. I mean, you guys are very personable. Fernando and Sebastian, they have been very supportive. They respond really quickly. There's zero lack with the communication with them. So I feel like I'm your only customer, that type of thing. I mean, they really cater to me, so that's good. So I'm very open. You know, I'm telling you 100 the truth, Costa. So, you know, like I said, it's been. It's been great. Zero stress. And, you know, hopefully, you know, my expectation is, you know, I will probably put a little bit more money and not as much as I wanted to, but, yeah, that's. That's what I'm hoping to do soon.

Yeah.

But again, I just, you know, been. Been, you know, steady waiting to see how it behaves in different market conditions. I sold your testimonials, everybody. You know, I haven't seen anybody complain yet, so. But I have to. I guess you have to still leave it for yourself, you know, and the only thing, you know, for crypto and you guys were very helpful. To me, crypto was a whole mystery. And so. So the whole idea about moving money and, you know, I got bit quite a quite bad because I transferred money initially to, I believe crypto will come. And man, they killed me on the, on the. What is that called? On the conversion. And then. Yeah, and then, you know, Fernando tried to help me and I moved it as a PayPal, which is. I didn't know was I even a crypto. And Coinbase Wallet started to give a bunch of errors. They never fixed it, so I had to convert again. So on my initial transfer, I almost lost like fifteen hundred dollars. On the first conversion, I was like, this is ridiculous. Like, you know, or more so the.

US Exchanges, you guys gotta. Hopefully with the. Well, over the next four years might bring in some. Some different regulations and make things a little bit easier for people in the United States. But.

But unfortunately I have a. I'm Colombian citizen, so I was able to buy. Sorry. To get an account on Bybit. Yeah. So. But at the same token, the whole crypto to me was a mystery. Like, you know, this whole thing for. Was very. Like, I learned a lot, you know, with working with you guys, but to me, it was a bit of a learning curve and to get money into crypto, so Maybe because I had, I had an account closed one time with Kraken when I tried to do it myself. And so I didn't want this to happen again, but you guys walked me through the whole process.

Yeah, and how are you finding, like, now that you've done a bit, you know, moving forwards in the future, you can compare Forex trading to, you know, we really focus just on bitcoin. But how do you compare the two? Where do you see yourself leaning towards now that you've done the both? Do you prefer this style of trading or do you still like the Forex trading or.

So like I mentioned to you, my thought right now I could change my mind is to diversify. And that's the primary reason I wanted to work with you guys. And so I actually, you know, have been searching about stocks as well. So there's, there's another one that I'm, that I'm testing on stocks, but my hope is average, let's say 5%. But diversify, let's say one third on each sector. That's good because, I mean, like I said, I also learned with Forex, like, having so much in one place is just too dangerous. You know. Now I've heard about somebody that, you know that said, oh, between March and September, you know, bitcoin or can go through huge corrections. So, you know, I don't want to be in a situation where I have to be stressed again. So, you know, my thinking is, you know, a third on each, let's say, asset class. I understand you guys, you know, maybe diversifying with other things as well, like even, like having short bots. But again, I know bitcoin, the outlook is always to go up. So, you know, my, my guess is that if you do anything to the short side would be, you know, very minimal risk, I'm guessing.

Yeah. And very cycle. The timing needs to be very specific. But it's an interesting point because we do speak a lot of people and they say to us, you know, I'm already doing this. You know, why should I do what you guys are doing? And I say, well, you just do this as well. We never say stop doing what you're doing. If you're doing something that makes money, keep doing it. If setting up one of our minotaur smart bots takes zero time and you're getting 5% a month, why wouldn't you set it up, let it work in the background and keep doing what you're doing? It doesn't have to replace your job. It doesn't have to replace Your business, it doesn't have to replace your forex spots or your stock trading. Just do it on the side. It's just diversifying. It's just being smart. And like you said, it takes zero time to manage and run, so. So you just let it go?

Nothing. I mean, and I remember that even I have to record Fernando doing his settings to me because I know that if I ever want to close a position and ruin myself, I won't remember because, you know, I don't touch it for weeks or months. Right. So. So I even. I think that the only thing that I'm supposed to do was before I had Trading View, that you had to reset them. What's it called? The calendar, you know, like put the data. But now in Trading View, they gave me a really special offer for Thanksgiving or so I was able to get like two or three years with the best offer. And now I don't have to worry about. Even though. Because I would forget about this one. I know you can set it every three months or up to three months in advance, but obviously you forget, you know, but I don't, I don't, I don't. I don't see it at all. The bot is working on the background and, you know, it's way better than what I was getting. Like, I had a high yield savings account before I. I joined all these bot companies. Right. Yeah. So, you know, obviously you cannot get these kind of returns with the bank. For sure. Yeah.

Fantastic.

So very happy.

All right, awesome. Well, it's fantastic to speak with you. Thank you for all the insight and like, I look forward to continue working with you.

Thank you so much, Costa. I really appreciate the time and I wish your family happy New Year. A lot of prosperity for sure. You too.

You too.

See ya. It.