Henry Trading - Dnaprofits Telegram Channel Review: In-Depth Investigation
- Anna Taimes
- 6 hours ago
- 4 min read
With the rise of cryptocurrencies and forex trading, Telegram became home to many trading signal providers. One of those providers is Henry Trading - Dnaprofits, which gained quite a lot of attention. This channel currently has over 11,000 subscribers and claims to provide daily signals, hence, the request from our readers to investigate it. In this Henry Trading - Dnaprofits Telegram channel review, we present our findings and conclusions.
Having done extensive backtests and analyzed the signals of this platform, we came to the conclusion that Henry Trading - Dnaprofits works in a way that is very misleading for its subscribers and thus should be treated with caution. Let us provide our detailed review of the platform.
Channel Overview
Telegram Channel Link -Ā https://t.me/dnaprofits
Category | Details |
Channel Name | Henry Trading - Dnaprofits |
Start Date | September 19, 2024 |
Subscribers | 11,088 (medium size) |
Daily Posts | ~40 posts per day (very active) |
Views Per Post | ~500 average (indicating mostly fake subscribers) |
Website/Social Media | None |
Main Content | Free signals, trading results, trade updates, paid channel promotions |
Free Signals Daily | ~4 free signals/forecasts |
Primary Market | Gold (XAUUSD) |
Trading Style | Scalping |
Trading Sessions | London and Asia |
Free Education | None |
Paid Services | Premium channel (no VIP subscription bot) |
Real Person Behind | No identifiable person with name/history/face |
Winning Rate (6 months) | 26% |
Channel's Content & Presentation
On the surface, Henry Trading - Dnaprofits is a professional, friendly to beginners community that provides sophisticated XAUUSD technical analysis, daily free signals and articles for educating. The channel is very active and posts around 40 times per day.
The analysis is always done in a way to show anticipation of extended price movements with a high potential reward and very low risk. The visual charts are really appealing and look as if they were made by a person having a lot of experience in technical analysis.
However, things start to get worse when looking at the actual signals that the platform offers.
Signal Format & The Problem
Let us look at a typical XAUUSD trade signal from this channel:
š· BUY ZONE XAUUSD: 4642 ā 4644
šŗ STOPLOSS: 4635
šø TARGET: 4649 ā 4659 ā 4674 ā 4694
The main problem with the signal is that it does not match the accompanying analysis. While the analysis promises extended price movements with high potential reward, the signal is completely the opposite of it. With 3 or 4 take profits provided, the real profit turns out to be very little in comparison with the potential risk. Partial profits eat up the final reward, making losing trades constantly overweight the winners.
Backtesting Result
We backtested each free forecast for the last 6 months. The results are very poor:
Metric | Result |
Average Winning Rate | 26% |
Final TP Achievement | Only 26% of signals reach final target |
Most Common Outcome | Closed after TP1 or on Stop Loss |
The final TP is reached in only 26% of the signals, while the rest is closed after TP1 or on SL. It means that in most cases, subscribers are getting tiny profits or even losses.
Suspicious Features of Henry Trading - Dnaprofits
During our analysis, we found several red flags about this group:
1. Mismatched analysis and signals
It is evident that the analysis and the actual trades do not match. The analysis always anticipates extended price movements with a high potential reward and very low risk. However, the signals are the opposite of that.
2. Misleading risk-reward structure
With 3 or 4 take profits that are provided, the final profit is very little in comparison with the potential risk. Partial profits eat up the final reward, making losing trades constantly overweight the winners.
3. Very low winning rate
The final TP is achieved in only 26% of the signals, with the majority being closed after TP1 or on SL. This is far too little for any serious signal provider.
4. Sophisticated charts masking bad signals
We think that this group tries to mask the bad signals with the sophisticated charts to make the signal look more appealing. Backtesting shows that there is a very low real performance.
5. Fake subscriber numbers
With around 500 views per post against 11,088 subscribers, it is obvious that most subscribers are just fake accounts.
6. No real person behind the channel
This channel has no identifiable real person with name, history or face behind it.
Warning about the Paid Services of This Group
The group promotes the premium channel, but there is no VIP subscription bot. Along with no identifiable real person behind the operation, it is raising concern of what subscribers will get by paying for services.
Conclusion
Be careful!
In this Henry Trading - Dnaprofits Telegram channel review, we demonstrated that this channel has a pattern of being misleading. The sophisticated-looking charts and analysis are designed to attract subscribers, but the signals show very poor performance.
With only 26% winning rate over 6 months of backtesting and the signal format that minimizes the profits and maximizes the potential losses, this channel is not providing any value to its subscribers.
0/10 TRUST SCORE
The mismatch between the analysis and the trades, along with the fake subscriber numbers and no transparency of the people behind the operation, lead us to the conclusion that Henry Trading - Dnaprofits is a scam channel.
We strongly recommend not subscribing to any paid services of this channel.
