Review: GOLD PRO TRADER Telegram Channel - A Masterclass in Deception
- Anna Taimes
- 4 days ago
- 3 min read
This in-depth analysis of the "GOLD PRO TRADER" Telegram channel has found a platform that is thoroughly deceptive. Although it appears as though it's an important and profitable trading community on the surface, it's been found that it's full of deceit, as it provides enough evidence of its profitability that actually doesn't exist.
Channel Overview
Telegram Channel Link - https://t.me/gold_1900_pro_trader
The Illusion of Success: Activity and False Promises
At first glance, "GOLD PRO TRADER" appears to offer many of the qualities of a successful signals service: it has a high subscriber base, it makes a high post rate with postings every day of the week, as well as delivering several free gold signals. The presentation promotes heavy reliance on "Client's feedback." All of these positive factors are deceptive. Every single aspect of it is false.
The most overt red flag has to do with the inconsistency in the 53,000+ subscribers and the 4,500 average views on each post. This alone raises an immense flag that it appears to be a hosting site for bots. The channel lacks face. No authentic background or information on the "professional trader" exists.
The Heart of the Scam: Signal Manipulation Revealed
The whole fraudulent process of the channel is reflected in the trading signals. We now dissect an example of it.
A Typical Free Signal:
GOLD BUY LIMIT 4109-4110
TP 4116
TP 4125
TP 4140
SL 4104
First of all, from a preliminary analysis, it appears as if it's a typical trading system with multiple profit targets. The problem lies within the execution and processing.
This channel uses another technique of employing various take profits and partial closing as a form of manipulation of trading outcomes and deception of its subscribers.
Let's study one of the free signals and try to understand what is wrong with that.
TP1 is almost at the level of entry. The reward-to-risk ratio of the first target is negative. This determines that reaching a full closing position on TP1 yields less profit than reaching a loss.
But, as we track the updates on the trades, here is what emerges.
GOLD BUY RUNNING 40+pips 🚀
Book Some Profits
Although TP1 comes very near to being an entry point itself, a breakout player shows a partial closure much earlier, which makes only 40 pips. He makes this announcement as a deception of his intended target.
Another partial close will be used when TP1 is reached and SL will be moved to entry.
Based on our back testing data, 76% of signals that made it to TP1 will be closed on entry, indicating that these signals cannot be profitable.
The minute gain that the strategy offers will never cover the losses. The signal supplier may share his margin of success on a surface like daily profitability reports.
The Cruel Truth: The 24% Win Rate
Our independent 6-month test of all free signals from "GOLD PRO TRADER" verifies the manipulation. The miserable 24% win rate simply indicates that 76 of every 100 signals given out are losing positions. The system is statistically certain to fail. The limited profit of a relatively quick profit-taking closing of the position cannot possibly justify the losses on enough of these positions for it to be profitable.
Conclusion: The Predator's Prey
"GOLD PRO TRADER" – it's not a service of poor quality. "GOLD PRO TRADER" – it's a predatory service. The system relies on deceptive engagement, on an anonymous pseudonym, and, most importantly, on an aggressive "partial closing technique."
The trick here is not to help you generate profit, but to get you on the "paid VIP earner's channel." And on that channel, you'll get the same setup that lost money for them.
This channel is another telegram scam, avoid it.
Link to channel for reference: https://t.me/topbestforexsignals/23