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Comments on Zulutrade

  • #1
  • First Post: Sep 23, 2011 2:38am Sep 23, 2011 2:38am
even though I have not tried Zulutrade but I have checked their website serveral times as I was thinking about being signals providers.

one conclusion I came up with is that most top signals provides are the worst traders I have ever seen on my life and followers never make any money in the long run.


why ? well because most top traders open one scalping position a day with only 10-15 pips target. followers only get 90% of their managed account profit, that's about 9 pips a (after counting the provider and zulutrade commision) day on average. the funniest thing is that many top traders on Zulutrade work actually with risk to reward ratio 70:1 or even bigger, they never put sl and leave the losing trades floating even with more than -500 pips loss (for ten pips profit). I have seen some top traders are still holding their GBP buy position at 1.65 (when GBP was 1.58 and Gold at 1880 (when gold was 1750) becuase they want to prevent any dd which may cost them losing their live followers

so for followers : if they profit 50 trades with their signal providers, with only one losing trade they lose all the profit and maybe half of their deposit



So generous advice to the follwers . never depend on someone else, either learn trading or forget forex.


any comments are welcomed
  • #2
  • Sep 24, 2011 4:45am Sep 24, 2011 4:45am
I agree that one of the most common way of deceiving clients seems to be large or non-existent stop losses. There are other techniques that you need to know of to not get robbed from signal providers such as lotsize (martingale), number of open positions and length of positions. If you keep these in mind when analysing providers you are more likely to find profitable and honest providers. And obviously you shouldn't use providers that send signals from demo accounts.
  • #3
  • Oct 6, 2011 3:57am Oct 6, 2011 3:57am
I tend to not agree with the comments above. In my opinion, if you do not know the system you are using well,you will not going to be able to succeed. Read forums, read other people strategies, evaluate risk objectively9spread it among providers and pairs) and consider seriously where your comfort zone lies and try to not cross it – because this is the crashing point where you will loose money. Always keep in mind to stop before it goes to down and do not reply on any psychological factors to succeed.
  • #4
  • Nov 23, 2011 4:27am Nov 23, 2011 4:27am
Not really!! It doesn't really need to hang out in front of your Zulu account every minute to get to know it, make it auto and it will run it for you. New auto-mode update calculated the capital available as a ratio of balance times percentage of risk. Improved results, I shall say.
  • #5
  • Nov 29, 2011 8:21am Nov 29, 2011 8:21am
Guys, what do you consider the best broker to be used with the platform?
  • #6
  • Nov 29, 2011 10:25am Nov 29, 2011 10:25am
Quoting teylorw
Guys, what do you consider the best broker to be used with the platform?
I won't specify a single broker but look at the slippage for the signals you intend to use. Except that I'd choose broker based on non-zulutrade related attributes such as spread, commission, fees, etc.
  • #7
  • Dec 15, 2011 9:52am Dec 15, 2011 9:52am
Quoting Derived
I won't specify a single broker but look at the slippage for the signals you intend to use. Except that I'd choose broker based on non-zulutrade related attributes such as spread, commission, fees, etc.
there are also some SP's attributes as you can see that many providers' slippage vary among brokers..logically you'll go for the lowest possible right?!
  • #8
  • Dec 16, 2011 3:19am Dec 16, 2011 3:19am
Quoting domingo
there are also some SP's attributes as you can see that many providers' slippage vary among brokers..logically you'll go for the lowest possible right?!
That is correct. Lower slippage is better option. To dive deeper you can look at a single signal provider and compare broker slippage to live followers. Look at live followers using for the brokers you are considering. Does the proformance of the follower correlate to the provider? If not than you should be more careful with that signal provider/broker.
  • #9
  • Dec 16, 2011 6:18am Dec 16, 2011 6:18am
Quoting Derived
That is correct. Lower slippage is better option. To dive deeper you can look at a single signal provider and compare broker slippage to live followers. Look at live followers using for the brokers you are considering. Does the proformance of the follower correlate to the provider? If not than you should be more careful with that signal provider/broker.
Thank you for the detailed analysis...

let me ask you something - if and when the live followers have different broker/s then the number will be higher as well.. I am thinking to have a correct picture then the broker of the SP and the live followers should be the same....
  • #10
  • Dec 16, 2011 7:26am Dec 16, 2011 7:26am
Quoting domingo
Thank you for the detailed analysis...

let me ask you something - if and when the live followers have different broker/s then the number will be higher as well.. I am thinking to have a correct picture then the broker of the SP and the live followers should be the same....
Its just that I don't know exactly how the signal travels from sp->client. If it is direcly executed within the same broker without travelling to zulu then of course, it should be optimal. However, my guess is that it travels broker(sp)->zulu->broker(client). And then we are back to square one
  • #11
  • Dec 16, 2011 10:01am Dec 16, 2011 10:01am
Quoting Derived
Its just that I don't know exactly how the signal travels from sp->client. If it is direcly executed within the same broker without travelling to zulu then of course, it should be optimal. However, my guess is that it travels broker(sp)->zulu->broker(client). And then we are back to square one

Well it doesn't matter that much how the signal goes as far as it travels the least expensive way
Derived, care to share your SPs portfolio with me? if you have any?..I would like to get some profitable ideas
  • #12
  • Dec 16, 2011 10:56am Dec 16, 2011 10:56am
Quoting domingo
Well it doesn't matter that much how the signal goes as far as it travels the least expensive way
Derived, care to share your SPs portfolio with me? if you have any?..I would like to get some profitable ideas
Sorry domingo, I currently don't have any zulu portfolio to share with you. The advice I give you is based on previous experiences, mostly as sp.

Good luck!
  • #13
  • Dec 22, 2011 4:42am Dec 22, 2011 4:42am
Quoting Derived
Sorry domingo, I currently don't have any zulu portfolio to share with you. The advice I give you is based on previous experiences, mostly as sp.

Good luck!
That's ok Derived. I am testing every signals many times before getting it live.

Why, if I may ask, you stopped being a signal provider?
  • #14
  • Apr 15, 2012 4:01pm Apr 15, 2012 4:01pm
my dear friends i suggest you to beware from zulutrade , i am one of the biggest signal providers, (i was a while no. 1 rated signal provider) i did request my money 3 month ago , but they never pay me, when i chat to tham they are promising me - until the end of the day or until the end of the week, but they don't pay, it seems to be a scam !!!
  • #15
  • Apr 17, 2012 9:02am Apr 17, 2012 9:02am
davidv, dude, why are you spamming? ..i think i saw like 4 post with the same msg all over...

curious to know, which number one provider were you, and when, since for the past dunno how many months it has been Forex Cruise Control...
  • #16
  • Apr 17, 2012 9:06am Apr 17, 2012 9:06am
as i sayed i was a wile ratio no.1

http://www.zulutrade.com/TradeHistor...aspx?pid=36724


my dear friends

i suggest you to beware from zulutrade , i am one of the biggest signal providers, (i was a while no. 1 rated signal provider) i did request my money 3 month ago , but they never pay me, when i chat to tham they are promising me - until the end of the day or until the end of the week, but they don't pay,

it seems to be a scam !!!
  • #17
  • Apr 17, 2012 9:22am Apr 17, 2012 9:22am
you were number one in July last year.. quite some time ago, I would say..i saw your stat, man, nobody will follow you - you are too risky - -1618 pips in open positions and DD of 3.13K ...seems like the market is going against you on a continuous basis....i would not deffinitelly put my money in you, I wonder how you managed to get som many followers....
  • #18
  • Jun 29, 2012 5:14pm Jun 29, 2012 5:14pm
Quoting domingo
you were number one in July last year.. quite some time ago, I would say..i saw your stat, man, nobody will follow you - you are too risky - -1618 pips in open positions and DD of 3.13K ...seems like the market is going against you on a continuous basis....i would not deffinitelly put my money in you, I wonder how you managed to get som many followers....
His draw down is now at 4.26k, which is huge. Even at $0.10 per pip, that's $426 dollars, which for a lot of traders is a big chunk of their account!

I think the new rules for signal providers are beneficial as I hear they can't withdraw their commissions unless their clients have made profit. That seems very fair to me! If you lose money for someone, why should you get paid for it. This world it full of crooks I tell you, people who would defraud you just for a few pennies, and let you crash and burn hundreds.

I've seen some traders talking positive things about Acute FX (http://www.zulutrade.com/TradeHistor...spx?pid=107616). Haven't had any experience with him though as he's a new provider. I'm gonna test him on a demo. Time will tell ey!
Probability Professor
  • #19
  • Jul 2, 2012 3:49am Jul 2, 2012 3:49am
Quoting Galation
His draw down is now at 4.26k, which is huge. Even at $0.10 per pip, that's $426 dollars, which for a lot of traders is a big chunk of their account!

I think the new rules for signal providers are beneficial as I hear they can't withdraw their commissions unless their clients have made profit. That seems very fair to me! If you lose money for someone, why should you get paid for it. This world it full of crooks I tell you, people who would defraud you just for a few pennies, and let you crash and burn hundreds.

I've seen some traders talking...
Exactly my point!
Just a small correction - it's not concerining withdrawals, - the new rule is implemented on +/- monthly PnL - close your month with negative balance - no commission for you. Stable and sound.

thanks for the advise on the SP - he looks good, nice curve almost 4K; last 50 trades only 2 losses - seems like a nice rising star, will add him up to my demo.
  • #20
  • Jul 3, 2012 8:32am Jul 3, 2012 8:32am
I want to start live acccount with zulutrade , my task is to find a good broker , which brokers are you using with zulutrade and what are your impressions?
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