Along Gold Scalper Review: A Data-Backed Study of a Telegram Trading Channel
- Anna Taimes
- 4 hours ago
- 3 min read
With the advent of day trading, Telegram became widely popular among the signal providers that promise immediate success. One of such Telegram channels is called Along Gold Scalper. Featuring more than 44,000 subscribers and a lot of daily messages, it looks like a successful channel with a lot of activity going on. However, a data-driven review of their free signals gives quite a different picture. This review will attempt to shed light on all the aspects of the channel's functioning in order to give traders a good understanding of its legitimacy.
Channel Overview
Telegram Channel Link - https://t.me/alonggoldscalper
Feature | Detail |
Channel Name | Along Gold Scalper |
Operation Since | May 23, 2023 |
Subscribers | 44,586 |
Daily Posts | ~16 (Very Active) |
Views Per Post | ~9,000 |
Social Networks/Website | None |
Main Content | Free signals, trade results, paid channel promotion |
Trading Instrument | Gold (XAU/USD) |
Trading Style | Day Trading |
Trading Sessions | London & New York |
Free Signals Per Day | 1-3 |
Free Education | No |
Paid Services | Premium Channel |
VIP Bot | No |
Public Persona | No real face, name, or history |
Analysis of Free Signals
The main product of Along Gold Scalper is the free signals. In order to test their effectiveness, we have performed the backtest of the free forecasts for the last six months. The backtest was done using AI which was able to analyze the signal format and compare it with the historical prices.
Example of a typical free signal:
GOLD SELL ZONE @ 4060 - 4065
🔴SL : 4570
🔰TP1 : 4050
🔰TP2 :4040
The results obtained during the backtest are quite alarming:
Win Rate: On average, the free signals are able to get just 28% profit.
Target Achievement: Just 19% of all free trades reach the second target (TP2), some other percentage reaches the first target (TP1) to achieve the 28% win rate.
Risk-to-Reward Ratio: The losing trades are much bigger than winning ones. The format of signals implies big Stop Losses (SL) that are much further from the current price compared to Take Profit targets. As can be seen in the example above, SL is 5 points away (4570 vs. 4060), while TP1 is just 10 points away. Thus, the reward is much less than risk in these trades.
Conclusion of the Data Analysis:
This kind of performance is obviously insufficient for profitable operation. Besides, losing trades in general are significantly bigger than profitable ones. Bad Risk-to-Reward ratio and low win rate make the strategy applied by the channel unprofitable, but it pretends being profitable.
Why You Should Be Careful
Taking into account the results of the data analysis, we can conclude that Along Gold Scalper is a highly risky channel with scam-like features due to the following facts:
Unprofitable Strategy: The main product of the channel (free signals) is actually unprofitable in the long term. It is impossible to make money with 28% win rate and negative Risk-to-Reward ratio.
Lack of Transparency: The channel has no "real face". There is no person with any name or experience behind the signals.
No Educational Value: The channel does not offer any free education, therefore its main aim is likely promotion of its premium channel. It promotes the paid channel on the basis of the success of a losing strategy.
Suspicious Performance Metrics: Despite the high number of subscribers and activity of the channel, the trading results show the opposite. Its external appearance is quite impressive, while the internal metrics speak of something different.
Final Verdict
Avoid. The Along Gold Scalper Telegram channel is a typical example of "signal mill". As can be seen from the data above, the free signals are created to bring losses. Taking into account the lack of any verifiable trading record, anonymity of the channel, and the losing trading strategy itself, we advise you not to follow it and use its paid products.
0/10 TRUST SCORE