Telegram Channel Review: FREE XTREMETRADER FOREX SIGNALS
- Anna Taimes
- 3 hours ago
- 2 min read
We've carefully investigated the FREE XTREMETRADER FOREX SIGNALS Telegram channel to check whether it is an effective signal provider. Despite having good branding and affiliation with a popular YouTuber, the results of the analysis show the opposite: bad performance, low activity and business model that cares more about promotion than providing value to free subscribers.
According to our findings, we consider this channel as a low-trust signal provider.
Channel Overview
Telegram Channel Link - https://t.me/xtremetradersignals
Feature | Details |
Channel Name | FREE XTREMETRADER FOREX SIGNALS |
Launch Date | 5 February 2018 |
Subscribers | 19,611 (Medium size) |
Daily Posts | ~3 (Low activity) |
Average Views | 2,500 (High percentage of real subscribers) |
Trading Style | Day Trading (London Session) |
Main Markets | Forex |
Free Education | No |
Real Face/Person | No |
Format of the Signals and Analysis of the Signals' Performance
The channel gives signals in the following format (usually one trade per day or even less). Here is the template they are using:
GBP/NZD BUY NOW @ 2.3003
🔵 TP1 2.3033
🔵 TP2 2.3063
🔵 TP3 2.3123
🔴 SL 2.2958
The Key Information: Backtest for 6 Months
In order to check whether this channel is legitimate, we asked our AI model to do 6-month backtesting of the free forecasts of this channel. And the results are shocking:
Winning Rate: 34% That is two-thirds of the signals are losing.
Risk-to-Reward: In the majority of cases, losing trades perform better than winning ones, providing negative profitability.
This data completely discredits the "profitable trader" image of this channel.
The Entire Truth: Information Provided by the Data
The FREE XTREMETRADER FOREX SIGNALS Telegram channel is affiliated with a relatively famous YouTuber.
We decided to test his free signals in order to understand whether he is as profitable as he says. Unfortunately, the free signals are extremely rare. Using this channel, you can get just 1 trade in a week.
At the same time, the free signals are trades from VIP signals channel.
So, the quality of free trades shows the quality of paid service.
Our AI model did 6-month backtesting. Unfortunately, only 34% of the trades are winning ones. Also, in the majority of cases, losing trades perform better than winning ones, providing negative profitability.
Verdict: Low Trust Channel
It is clear from the data above that the FREE XTREMETRADER FOREX SIGNALS channel doesn't provide any valuable services to its subscribers.
Absence of transparency: there is no real person or professional trading experience associated with the service; it is just the branding of a YouTuber.
Bad performance: with 34% winning rate and negative profitability, the strategy is useless.
Low activity: 1 trade per week – that is very low level of activity.
Misleading business model: the free channel works just as a funnel for VIP paid service, which appears to be unprofitable as well.
Conclusion
We don't recommend you using any paid services provided by this channel. The quality of free trial signals is very poor and doesn't reflect the profitable trading strategy at all.
1/10 TRUST SCORE
