Gold VIP Signal is a weird service. First, there’s a scam-like empty presentation that doesn’t provide us with any information about the signals. Second, No one delivers signals via Whatsapp. Everyone uses Telegram for these purposes. Third, the presentation has no design at all. If the services are good, there should be everything redesigned.
The offer is weirder than the presentation itself. This sentence is the whole offer. We have to pay 40% for the withdrawn funds. It’s a scam because they may not make profits for us, but we still have to pay. The second reason is how are they going to force us to pay? It’s impossible. Usually, the PAMM manage service asks for a weekly commission from won trades.
Let’s talk about the settings and other details:
- There is a strong team of 15 expert technicians with several years of experience in the financial market.
- The team analyzes the market 24/7 to spot training opportunities.
- We can start trading without experience.
- Our funds are managed by professional traders.
- We have access to the balance all the time.
- The minimum deposit should be $1000.
- The developer mentions that we can make up to 30% monthly.
- We have to register only on provided brokers using their referral link.
- The win rate of signals is 90%. It’s a lie. The real win rate is from 73% to 83%.
- There’s money-management advice about Lot Sizing provided
- It’s an additional explanation of account management.
- The trades can be instant or pending orders.
- The signals with Entry Point, Take Profit, and Stop Loss don’t include commissions and swaps.
- The signals are provided for Longs positions only.
- The Take Profit level can be from 100 to 300 pips.
- There can be several Take Profit targets.
- The risks should be no more than 5% of the account balance.
- There are two strategies: Trend trading and Resistance trading.
- The time frame is H4.
The robot works on the real USD account on the XM broker (we’re suggested by HotForex, not XM). It uses technical indicator data in trading with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on March 02, 2021, deposited at $3,294, and withdrawn at $10,000 in total. Since then, the absolute gain has become +462.01%. An average monthly gain is 128.44%. The maximum drawdown is 41.11%.
The system has closed 429 deals with 36,463 pips. An average win is 240.29 pips when an average loss is -534.37 pips. The win rate is 83% for Longs and 73% for Shorts. An average trade length is over twenty hours. The Profit Factor is 2.23.
The system has a weird trading activity. It works with sixteen symbols. The only one frequently traded and hardly profitable is Gold – 224 deals and $11,279 of profits.
It focuses on opening deals during the European trading hours.
Monday (41 deals) and Thursday (64) are the less traded days.
It trades with huge risks to the account balance. To lose 10% of it, the robot has to lose only four deals in a row.
As we can see, SL levels are six-eight times deeper than TP levels. The system is dangerous. That’s why the account is systematically withdrawn.
Monthly trading results are wild.
The company has created a profile on Forex Peace Army. There are no comments or rates published.
There’s a real account connected to this profile.