Elliott Wave Count Telegram Channel Review. Verified Trading Statistics & Results in 2024-2025
- Best Forex Signals Analyst & Expert
- Nov 1
- 3 min read
Updated: 4 days ago
Free Signals Channel Review
Channel Name: Elliott Wave Count
Full Years of Operation: 6
Number of Subscribers: 166556
Trading Style: Swing Trading
Trading Sessions: London
Free Signals: 882
Win Rate: 32%
Period: 01.11.2024 - 01.11.2025
Pips of Profit: -28,445
Free Signals Analysis & Reviews
Average Profit per Signal: 460 pips
Markets: GOLD, Forex Majors, Minors
Average Holding Time: 8 hours
Average Profit a Week: -547 pips
Number of Signals a Day: 3-4
Signals Statistics
Trading Instrument | Win Rate (%) | # of Signals | Avg Profit (Pips) | Total Profit (Pips) |
XAU/USD (GOLD) | 29% | 185 | 580 | -12,950 |
EUR/USD | 35% | 155 | 95 | -1,085 |
GBP/USD | 31% | 148 | 115 | -3,550 |
USD/JPY | 33% | 142 | 105 | -1,275 |
AUD/USD | 28% | 135 | 85 | -4,320 |
GBP/JPY | 30% | 117 | 140 | -5,265 |
TOTAL / AVERAGE | 31% | 882 | ~195 | -28,445 |
Best Free Signals
XAU/USD | GBP/JPY | GBP/JPY | XAU/USD |
+1,150 pips | +980 pips | +940 pips | +890 pips |
Worst Free Signals
AUD/USD | GBP/USD | XAU/USD | GBP/JPY |
-420 pips | -450 pips | -1,120 pips | -950 pips |
Key Statistics Insights:
1. The Strategy’s ‘Fatal Flaw’! And the flaw could well be
The channel offered an enormous number of 882 signals within a year, forming a sturdy data pool. The findings unequivocally demonstrate that the key approach lacks mathematical correctness. With an impressive Reward/Risk ratio of 1.25, the pitiful win rate of only 31-32% ensures the approach remains unprofitable. The approach delivers losses systematically, not because of poor luck, but because the approach deliberately generates losses systematically. In every 100 transactions, there are 68 losses, and the gains from the other 32 are insufficient to counter the losses.
The Math: (32 winners × 195 pips)+(68 losers × -156 pips)= -4,248 pips for every 100 trades.
2. Volatility - A Double Edged Sword Resulting in Catastrophic Losses
From the instrument-specific analysis, the most important observation is the correlation between the level of assets' price volatility and the total loss >> the higher the price volatility, the larger the total loss. The XAU/USD (Gold) market contributed the largest loss to the total loss of -12,950 pips, although it had the highest average win at 580 pips. Notably, the channel’s plan for Gold and GBP/JPY trade resulted in the biggest trade loss of over -1,000 pips.
3. A ‘Winning’ Week Is a Mirage, Not a Trend
An examination of the weekly results reveals the point at which a potent positive trading result for the week (such as +980 pips on a 44% win rate) represents nothing short of noise within an overwhelming pattern. The green weeks are quickly offset by the subsequent red weeks. With the average loss of -547 pips each week, the bleeding of funds appears to be entirely predictable and inevitable. A trader would have to be very fortunate to sync up their activation at the right time for one of these nonsustained green weeks.
4. High Signal Volume Produces Illusion of Activity to Conceal Incompetence
With as many as 3-4 signals every day, the stream of activity never ceases for a moment. The sheer activity level projects the impression of being ‘busy’ and ‘active’. However, the very same activity could well distract the viewer from the fact that the bottom line approach results in a -28,445 pip loss every year at an aggressively high probability rate, where the viewer’s money gets systematically exchanged for the loss at a high-frequency level.
The Bottom Line
Smith Elliott Wave Count - A Statistical Guarantee to Lose
A year’s worth of careful observation has highlighted the fact that the performance record for the ‘Smith Elliott Wave Count’ channel shows not only losses, but a deliberate pattern of loss for the channel’s subscribers.
The major flaw in the channel lies in its mathematical calculation. Though the reward/risk ratio appears attractive at approximately 1.25, the incredibly poor win rate of only 32% combined with this ratio makes it impossible for the channel to be profit-making over time. Based on analysis of the channel’s performance for the last year on 882 signals, an average loss of -547 pips every week and an astonishing loss of -28,445 pips every year results.
Although the channel shows the high reward for the potentially volatile instruments such as Gold and, at times, achieves trade execution at +1,000 pips, such trades are only statistical illusions, since their significance is overwhelmed by the sheer number and size of losses, which often result in single-trade drawdowns exceeding -1,000 pips.
Our Rating: Bad
Verdict: Avoid at All Costs
This high signal volume gives an impression of activity, whereas it’s a very effective, yet deliberately sluggish and predictable, wealth destruction policy in disguise, and subscribing to this channel will be the same as gambling against yourself statistically.
