Be cautious of companies like PTFX GoldRush private traderoom that will not disclose their trades or let customers comment.
PTFX GoldRush auto trader is a bot that is supposed to be completely hands off trading XAU/USD. K.J puts out several videos on YouTube and shares them on his Telegram and Facebook pages. First red flag for me was he has comments turned off on all of them so he doesn’t give anyone a chance to contradict or question him. Of course you don’t know comments are turned off on Telegram and FB until you sign up. Why advertise having those groups the community can’t comment? There is no additional training beyond how to set up the bot on Coinexx. I wouldn’t not have joined if a friend of mine wouldn’t have talked me into before he even started using it. I lost $1500 my fist sessions and K J told me Mon & Fri were the best days. So I tried it again. The trades were so far off again Coinexx started closing trades on its own. I lost another $1400. My friend and his friend lost over 2k and 5k. I had this text session with the owner “K J, I don’t know how many times I have to tell you this. I have not touched the presets at all. When you’re bot makes hundreds of trades and then all of a sudden gold rises out of its range and never comes back down there is no way to recover from that and that’s what happened to me. I did not want to see a screenshot of your phone current MT4. You implied that you made $800 on Friday. I wanted to see your report from Coinexx for that day. Forgive me for being suspicious, but when you do not allow anybody to comment on your YouTube videos, your Facebook page or your telegram account that makes me think that you’re trying to hide something. If the bot is working so well, you should be posting your account every day.” “Ok Mark, I’ve provided you with my advice and suggestions to help you, but it seems we’re not on the same page. You’re repeatedly questioning the legitimacy of a product and service that has a proven track record, backed by numerous testimonial videos and real results from many of my clients. Requesting my personal CoinX report is not an appropriate or reasonable request, and I won’t be fulfilling it. At this point, I’ve shared everything I can, and rather than following the guidance I’ve given, it feels as though you’re choosing to challenge me and my business model without fully understanding it. As someone who has built a seven-figure business in this industry, I make my time available to help my clients succeed. However, the way this conversation is going isn’t productive, and frankly, I find your approach disrespectful. Moving forward, please direct any questions or support requests to my team at support@privatetraderoom. They will be happy to assist you with technical or general inquiries regarding the Gold Rush AutoTrader. What they won’t do is engage in debates about the legitimacy of the software, as its results speak for themselves. I wish you the best with your trading journey, and I genuinely hope the Gold Rush will begin to deliver the results you’re looking for. More client success stories will be released this week, and I encourage you to check them out.” I followed all his advice to the T and told him so several times. I have also used his bot on a demo account and all 3 times it got wiped out and never made it into positive territory. He charges $149 a month and all you get from that is posting of winning trades. But he won’t show you his trades. Another huge red flag. You may be one of the lucky ones but my guess is everyone looses eventually or he would let people comment.
By MS