CarinaBot Reviews 

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Updated Jul 17, 2024

Our account balance was 225,775 USD.

We had two really bad trades, one was -190,845 USD and another one was -26,787 USD. Our total loss was -217,632 USD from our total balance 225,775 USD. That means our loss was 96%.

If you are looking at our previous trading history, previous profits and withdrawals, yes, we had many profits there. But we also withdrew them. Please read our Terms of Use, we strongly advice to our users to do the same, and withdraw your profits on regular basis. This helps you to keep your losses relatively smaller (relative to your longer trading history).

If you trade 5 years, and you withdraw profits every year, of course you can’t lose the profits from previous years, when you already withdrew it. You can also use what you have on your trading account. We had 225,775 USD on our trading account yesterday, and we lost 217,632 USD from it.

Please be aware that we strongly recommend our users to regularly withdraw their profits. This recommendation is clearly highlighted in our Terms of Use and emphasized in the Risk section. Regular withdrawals help protect against sudden market drops and significant losses.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 17, 2024

Dear Traders,

As you may have noticed, during yesterday's trading session on EUR/USD, the US Retail Sales news triggered a significant decline in the EUR/USD price chart, resulting in a rapid and substantial drop (see screenshot: https://www.carinabot.com/screenshots/screenshot2.jpg). Unfortunately, Carina executed a series of four trades, two of which resulted in significant losses.

We have been investigating the causes of these trades and are working on modifying Carina's trading algorithms to prevent such occurrences in the future.

Historically, many traders have requested that we adjust Carina's risk strategy and increase the risk of the bot to increase the potential profits. We regularly update our bot, impacting its trading strategy, decision-making algorithms, and overall performance. Most recently, on July 14, Carina VPS was updated to version v1.7.1.

Trading often involves an element of luck and risk, and yesterday was particularly unlucky and particularly risky due to a series of unfortunate coincidences. The sharp drop in EUR/USD led Carina to detect four separate and conflicting entry points, resulting in mixed signals about which trades to open, the number of trades, and their direction. This chaos led to unusual Carina's risk-calculations, causing leverage to escalate exponentially with each subsequent trade. Each trade was opened with increasingly larger leverage, spiraling out of control.

It's important to note that all these trades were protected by stop-loss limits. The issue was not the absence of stop-loss but the relatively large leverage used in the third and fourth trades. When these trades hit their stop-loss limits, they were closed at a loss, as the market moved against us.

What's next:
We have already reverted to CarinaBot version v1.6.0. We apologize for the risky calculations that occurred during yesterday's trading session and the EUR/USD decline during the news announcements. We too have suffered losses from these trades, and we understand the disappointment this has caused among users. However, we assure you that we continuously strive to enhance the bot's performance through updates and proper testing, although perfection is unattainable.

Moving forward, we will intensify our testing procedures before releasing updates. With the upcoming version v1.8.0, we aim to improve the bot's performance, increase profitability, and reduce risk. However, please remember that trading inherently involves significant risk. Trading with Carina, or any other robot, or manually, trading in general, always comes with a significant risk of losing the capital. Please carefully read the Risk Warning section of our Terms of Use again before deciding to continue using our robot. When you use our bot for trading, it is entirely on your own account and at your own risk. The decision to use the bot is yours alone. We are not responsible for managing your funds or the outcomes of your trades, even when those trades are made while using our bot. Trading remains solely yours, and only your responsibility.

Currently, CarinaBot version 1.6.0 should be displayed in the top-right corner of your bot (please check it). The installation of version v1.8.0 will be automatic, and it will happen in couple of following days. For details on keeping your CarinaBot updated, please refer to our FAQ (Q: How to keep my CarinaBot updated?). Please note that based on our Terms of Use we install updates without prior notice or consent. All updates have always been, and will continue to be, installed automatically without prior notice or consent.

We are committed to making Carina a better tool for trading, but it is essential to recognize the risks involved. We appreciate your understanding and support.

Thank you.

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Version v1.7.1 was deployed on July 14th, just two days ago. This version included changes within the bot, as many updates do when trying to improve it. We want to assure you that immediately after today's issue, version v1.7.1 was taken down and replaced with the older and stable version v1.6.0.

We sincerely apologize for the problems caused by the bot today. The issue appears to have stemmed from a series of unfortunate coincidences: a significant decline in EUR/USD today, increased volatility, and Carina's algorithm detecting four separate but conflicting entry points (potential points to enter a trade). Unfortunately, after each trade, the bot increased the trading volume exponentially. These factors led to a series of four trades today. If the bot had decided to open only the first one or two trades, today's result would have been much different. Similarly, if the bot had opened all four trades using the same volume, the outcome would have been different. Unfortunately, this was not the case, and each trade was opened with a much larger volume, continually increasing the risk against the available trading balance.

Please rest assured that CarinaBot VPS v1.7.1 is no longer in production, and we have deployed v1.6.0 instead, which should make more conservative trades. However, we must remind you that even with v1.6.0 currently deployed, we cannot guarantee any specific outcomes or results or provide any assurances of lower risk. Carina is a speculative automated trading system. It speculates on price changes in EUR/USD, and speculation always comes with significant risk, which we can never entirely eliminate. The use of CarinaBot is at your own risk, and past performance does not guarantee future results. The use of this software can cause significant losses, and we are unable to eliminate this risk entirely, no matter how hard we try. CarinaBot comes with no guarantees whatsoever. For more information, please refer to Section 4, Risk Warning, of the Terms of Use.

Team CarinaBot

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team

Reply from CarinaBot

Jul 16, 2024

Hello dear Trader,

We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).

Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.

We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.

A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.

When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.

Thank you for understanding.
CarinaBot Team