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Looking for Zulutrade Competitors

  • #21
  • Feb 4, 2011 10:59am Feb 4, 2011 10:59am
For a laugh I joined the free trial at Zulu and chose their two top performing signal providers (not top in pips but overall performance). Within 3 weeks my account was down over 1000 pips

If these signal providers had any faith in their signals they'd just trade themselves and not try to flog their signals.

Try flipping a coin. You'll do much better !
He was looking for the card so high and wild hed never need to deal another
  • #22
  • Feb 4, 2011 5:23pm Feb 4, 2011 5:23pm
I found a small list of zulu competitors in my bookmarks ... I can't really remember how they ended up there, I guess it was my plan to check them out one day but I just never got around to do it.

Zipsignals

Collective2

Rent a signal

Tradency

Currensee

=^..^=
  • #23
  • Feb 5, 2011 7:49am Feb 5, 2011 7:49am
InV group
There might be a way with FXCM for you to offer your service
  • #24
  • Feb 6, 2011 1:51am Feb 6, 2011 1:51am
Quoting moksha
InV group
There might be a way with FXCM for you to offer your service
As far as I know FXCM are offering auto trading to their clients through Tradency.
  • #25
  • Feb 6, 2011 6:05pm Feb 6, 2011 6:05pm
Tradency only allows 1 lotsize orders. Zulu doesnt allow partial trades. Collective2, ZipSignals and Rent A Signal allow you to trade as you wish in MT4.
  • #26
  • Feb 7, 2011 3:58am Feb 7, 2011 3:58am
I think the most interesting competitors of zulutrade are rentasignal ant collective2... With collective2 I couldn't connect my MT4 with them, so I passed.
I have been a few month trading with rentasignal, I think they are the best at the moment despite Zulu is the most popular...Anyways, I'm trading with rentasignal for two months... someone has anymore experience?? Thanks!
  • #27
  • Feb 10, 2011 4:42am Feb 10, 2011 4:42am
With C2 the MT4 problems are known if you read around the forums.
Rent a signal doesnt even have a demo, which is a joke for me!
Zulu is more user friendly, but out of the thousand providers, only a few are worth following
  • #28
  • Feb 10, 2011 6:29am Feb 10, 2011 6:29am
Quoting peteraus
With C2 the MT4 problems are known if you read around the forums.
Rent a signal doesnt even have a demo, which is a joke for me!
Zulu is more user friendly, but out of the thousand providers, only a few are worth following
Sincerely, I don't know what is the best company.

But I can say that demos account are a hoax. Your trades in demo account never going to perform in the same way, with live accounts. Cos human condition doesn´t allow you to act in the same way (demo/live).

Who lost with demo account??? Nobody. But when you have a live account... what happens??'
  • #29
  • Feb 14, 2011 5:52am Feb 14, 2011 5:52am
I'm agree with Rmfx... I started trading on the Zulu's demo and everything was OK, I won the 10% of my inverstment in only one month. Then I opened a real account and I saw how my money were decreasing...I dont's know if someone have learned to trade in a demo... but I think you learn with real experience and after losing even your pants!!
  • #30
  • Feb 14, 2011 6:18am Feb 14, 2011 6:18am
Well in any case it depends on which broker you choose, as they have different price feeds. I think zulu demos take their rates from fxcm or aaafx.
  • #31
  • Feb 14, 2011 10:59am Feb 14, 2011 10:59am
Quoting peteraus
Well in any case it depends on which broker you choose, as they have different price feeds. I think zulu demos take their rates from fxcm or aaafx.
This is the same excuse that Zulu team gave me 4 months ago.
Different price feeds can turn one win trade in loser (with a low tp pips) but not a strategy.

When I have invested in demo I have had in mind the different slippage that each broker have. And only I know that demo account made me believe that its best signals worked.
  • #32
  • Feb 16, 2011 5:27am Feb 16, 2011 5:27am
True! The strategy depends on the provider you choose. But you can calculate the results you will have by comparing the results you get on the demo with the slippage chart and the broker you want to use. But generally I look for providers that make more than 10pips/trade, among other factors.
But I think we are offtopic here
  • #33
  • Feb 18, 2011 3:45am Feb 18, 2011 3:45am
I don't know why... ? But sometimes the failure is because you choose a bad broker, another times because you choose a bad provider that make less than 10pip/trade, another times.... but you don't see this problems in demo.
You perceive this problems only when you're trading in live.

Is this a coincidence???
  • #34
  • Feb 21, 2011 4:48am Feb 21, 2011 4:48am
No it is not! This is a usual tactic from forex brokers-services to have different results in demos from live accounts to attract more customers, so when you open a live account with any service, trade carefully in the beginning to see the results you will have
  • #35
  • Feb 21, 2011 5:47am Feb 21, 2011 5:47am
Then we're agree. Demos accounts are a hook to attract more customers with false hopes.
As you say is better to open a live account and trade carefully (small sizes) to see the results. This results are true and you can see then how your strategy works.

I believe that itsn't a bilge to expose the 5% of your account to test your strategy with real information...
  • #36
  • Feb 25, 2011 2:49am Feb 25, 2011 2:49am
Quoting peteraus
No it is not! This is a usual tactic from forex brokers-services to have different results in demos from live accounts to attract more customers, so when you open a live account with any service, trade carefully in the beginning to see the results you will have
So, the demo of zulutrade is a scam and the human factor isn't the cause of difference of the results...
I think it is terrible tactic... they are stealing our money.
  • #37
  • Feb 25, 2011 8:49am Feb 25, 2011 8:49am
Well I dont believe they are scam, as I said almost all forex companies do this to attract customers. You just need to do proper money management, which is the key to successful forex trading IMO
  • #38
  • Feb 28, 2011 4:44am Feb 28, 2011 4:44am
I think that if any person o company falsifies results to attract customers this is a scam.

Then peteraus, I don't explain to myself how you can say that you don't believe that zulu is scam.... I don't believe that to attract customers you can do any strategy.

This must be punished.
  • #39
  • Feb 28, 2011 4:54am Feb 28, 2011 4:54am
there have to be any platform which doesn't use that kinds of inmoral methods... if someone know about one please share with us..
  • #40
  • Mar 1, 2011 6:22am Mar 1, 2011 6:22am
@ Rmfx,
Yes you are correct, but the truth is different. ALL companies falsify their demo results. Brokers wont accept close prices and add slippage to your live account, they will even change your leverage on the weekends so you will have a margin call with open trades. So I suggest you dont bother with forex if you cant tolerate and adapt to these conditions...this is a multi-trillion dollar market we are talking about, so expect dirty tricks!
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