Gold VIP Signal runs a pathetic presentation that probably has been written and designed for an hour just before release. There is a huge lack of useful information about the system.
Detailed Gold VIP Signal Review
It was a challenge for us to gather all required data to explain the service to you:
- There’s “a strong team of 15 expert technicians with several years of experience in the financial market.” As well, they could write 1555 expert technicians because we can’t check these statements because of a lack of profile links.
- The possible trading opportunities are spotted 24/7.
- There’s a mix “of several trend-following indicators in combination with oscillators and support and resistance levels to find the entry point.”
- The main time frame is H4.
- We can start using it without proper previous experience.
- The trades can be instant execution or pending orders.
- We share our account under the management of professional traders.
- We are free to deposit or withdraw the account whenever we want.
- The minimum deposit should be $1000.
- They insisted that a 30% monthly growth is possible.
- We may register a broker that the company suggests.
- The win rate should be approximately 90%.
- The account’s accuracy rate is 80%.
- The margin requirements are three times higher than for trading on the H1 time frame.
- We are allowed to close deals manually.
- The signals include information about Entry Point, Take Profit, and Stop Loss.
- The signals don’t take into account commissions and swaps.
- The signals are provided for the BUY direction only.
- We can expect to reach 100-300 pips Take Profits.
- The risks should not be higher than 5%.
Gold VIP Signal Strategy Tests
- These signals are trend-based.
- The time frame is H4.
- It works with many symbols.
Gold VIP Signal Trading Results
The blown account is managed by a robot under the XM broker. This trading account works on the MT4 platform. The leverage is 1:500. The account has a verified track record. It was created on March 02, 2021, deposited at $3,294. Since then, the absolute gain has become -95.23%. An average monthly gain is -75.04%. The maximum drawdown is 99.38%. Before the end, the developers withdrew $10,039.46.
This FX trading system closed 437 deals with 27,388 pips. An average win is 244.81 pips when an average loss is -629.83 pips. The robot traded 60.40 Lots. The win rate is 83% for Longs and 72% for Shorts. An average trade length is 20 hours 24 minutes. The Profit Factor is 1.45.
Gold is the most profitable currency pair – 232 deals and 23,211 pips.
The system prefers to trade during the European trading session.
Trading activities vary much depending on the day. It’s unprofessional.
The risk is sky-high to the account balance. It’s not a margin-friendly way to trade.
The system became a scam because it opened orders without placing Stop Losses.
May 2021 has become the last month of trading activities.
The offer is weird. The devs want to make not only 40% of the commission from every withdrawal, even if they win nothing, but also some money from a broker because of a referral link registration.
The presentation, as well as Trustpilot or Forex Peace Army, doesn’t include feedback about how good these signals are and how stable the copy trading software is.
Gold VIP Signal is a company that provides a copy trading service. The main account where the signals are generated was blown.
Since then, there were no more details traded. We’d like you to avoid it.