Gold digger is a new automated Gold trading robot for binary options. The developers claim that their software has made a total profit of over $1.2 million and they are now making it available to the community for free.
Today I’ll be providing review and educating the binary today readers about the software and what it has to offer, if anything.
Gold Digger Review
Like most systems in this market the gold digger robot provides us with a lot of grand promises. They are telling traders that after setting up the software they will be able to make profit within the first 30 minutes guaranteed. I am always overly skeptical about products that make promises like these because to an educated trader these claims are unrealistic, and that’s something we want to stay away from. Another thing I notice with systems like these is logical inconsistency. They claim that their product has made over $1.2 million in profit, but there YouTube video only has 20 views. It doesn’t take a genius to come to the conclusion that his software that actually makes that type of money would be getting a lot more publicity through word-of-mouth.
The developers of the software put large weight into the value of gold in their trading which is why their software is the gold digger. Yet, looking at the results they provide if you were to combine the silver and currencies trading opportunities they would actually outnumber the amount of gold trades available. Like most of these automated systems we can see that they are trading the most dangerous expiry in binary options, 60 second trades. This is another red flag for me.
I won’t be recommending the gold digger to the binary today community. While the website looks flashy, the results look embellished and falsified. I don’t believe that this software is going to be able to achieve what it claims that it can because it’s unrealistic. If there’s something you would like to add to this review please leave your questions and concerns below the article now. I plan on writing a few more reviews today so please stick around binary today to get all the pertinent details. As always, thank you for spending time here at Binary Today and please if you ever need any help send me a personal email by filling out the contact form after clicking Ask John at the top of the page.
Today (Oct 28), I have found that the additional account of Glenridge Capital is NOT helping at all, since the ITM of Gold Digger through this broker is ~ 33%, while that of Gold Digger through Binary Book is ~ 71%. (last 10 calendar days). Again, the wonderful results of some BOWD members can’t be repeated here. Obviously, the performance is broker dependent!
After 4 weeks, 20 trading days, I can say that GD is not a scam. BUT, if you are like me who happens to have Binary Book as my broker, you can place at most 1 gold trade each day since the expiry period is often 6-11 hours, the growth in the account will be very slow. Forget about the currencies. The ITM for gold is 71% over 20 trading days (17 trades). I just opened up an account with Glenridge Capital, but there is some technical issue. Glenridge Capital appears to have more gold signals available through GD.
Conclusion: NOT everybody can make good money with GD. You need to be assigned a broker which generates a lot of short expiry period gold signals through GD. Forget about the currencies. The live trading results are NOT achievable by anyone, since the developer’s platform is connected to many brokers, while every member can at most be connected to 2 brokers.
So far I have 71% ITM for gold signals only during the last 17 calendar days (14 trades), far from the 84% claimed by some of the other Gold Digger members. You might think you can make money with 71% ITM, but the issue is that I only have semi-automatic version, and the expiry period of the gold signals is 6-11 hours in the early morning, which means that I can place only 1 gold trade each day. I do not want to invest too much in each gold trade, or place too many gold trades in the same direction in that 1.5 hour interval!
It seems only some folks who joined very early have the 100% automated version.
Keep us updated, I don’t have much faith that this will work in the long term.
I had 72 trades from Gold Digger for the past 2 weeks. 12 gold trades, 2 silver trades, the rest were currency pairs. The ITM for the entire group is only 53%, but gold’s ITM is 67% (12 trades). The ITM for silver is 0%, but the sample is too small to be valid (2).
I will keep trying for the next 2 weeks.
I have tried Gold Digger for 2 weeks. It is being “heavily promoted” as not a scam by Binary Options Watch Dog, which is a site I respected very much for their reviews of scam sites. But this time, there are numerous positive responses on Gold Digger in their forum from their members, so I will give it a try. I cannot imagine every one of those comments is fake. It just doesn’t make sense. Many members of Gold Digger who joined earlier had the fully AUTO version, but I joined later, and I only have the semi-automatic version, where I have to select from a given set of signals. My signals do not have expiry period of 60 seconds, but vary from 15min to 11 hours.
Anyway, during the last 2 weeks I had 72 trades including 12 gold trades, 2 silver, and the rest are currency pairs. The ITM for gold is 67%, silver is 0% (not valid since the sample is too small). The ITM for the entire group is only 53%. My sample for gold is still too small to draw any conclusion. I really hope that this is not a scam, since the founders appear to be credible people, who are programmers of GPS Forex Robot, which is a reputable Forex EA.
Some member of Gold Digger claims to be using the semi-automatic version and still has a ITM of 78% after 506 trades (gold and currency). So I will keep trying. I will keep you all updated. The thing which I don’t like about Binary Options Watch Dog is that if they like a certain software, they don’t allow any post which is very negative. Is this really unbiased evaluation?
Any other gold digger user? Please share your unbiased opinion.
Dear Mr Kane.
Hello, I just open account for Gold digger.
It is not an automatic but I have to trade my self.
1, I opened new broker account which they choose.. ( my case I opened Zoo trade ) I put 250EUR.
2, After deposit , I can access Member area which linked my broker.
3, The screen shows Gold trade( minimum 40EUR )and others currency pairs trade(minimum 25EUR ). when the signal is appeared I click to trade but I have to check if this signal is for my broker or not…
If this signal is for my broker , I can trade other wise I can not trade. there are many brokers inside. there are not many chances to trade anyway.
I could trade once for GOLD then I click to trade ( I have to trade 40EUR ) , I LOST!
All tradings are 60second trade…. so easy to lose….
I lost twice 80EUR.
also I have to be front of the computer to see the screen to get signals.( this is tired )
So my opinion to use this soft ware…..
I do not trade in their site but when I get the signals, I check the chart MT4 before enter the position then I trade for 5min options. This way was quite success.for currency pairs specially,.
So for me it was not necessary GOLD digger…
They suggest now to upgrade for SILVER trade….. I have to open one more new broker.
I don’t open anymore.
I continue BA and BBW!!
Sorry for my English..
Hello,
I have tried a binary option (IQ Option and got Loss). Now the other day A flash advert from Gold Digger came to use their auto trading software. Though I have never used the auto before but I still doubt their claim.
However, please can you educate me more on which way to follow. Is Auto better than manual trading? What is the dependable software and how does that work?
Note: I don’t want to do it myself any longer because I have been making more wrong predictions than correct ones.
I need your help.
Thanks.
Boniface.
Hi Boniface, nice to meet you. Your best bet is to get started here https://binarytoday.com/binary-options-101/