Comments on Zulutrade

Thanks.
Is that the same as 1 micro lot ?
I am trying to find the smallest amount to trade and then work up from there.
As nothing seems to be happening I have temporarily gone back from custom to auto to get some action.

I don't understand quite what the notifications above are telling me. Any clues ?

SP is opening trades with lotsize 0.7 which is more than the settings in your account for min and max allowed lotsize. If min is 1 microlot, setting for "Maximum Open Lots" should be NoLimits or whatever max you are comfortable with.

I don't agree. there is a tendency to open multiple trades at the same price as they earn fixed 0.5 pip or so per trade rather than no of pips earned per lot traded. I never said he doesn't need to earn pips to earn, he would prefer to have more trades to earn the same no of pips.
I experienced this with my Live account. Now I am following for333 with just 1 microlot, he is doing just fine so far, best of the lot.

Another one is New Leader, he has the atrategy of 50 pips profit or 50 pips loss. Nothing in-between. He has more wins so far nearly 65% or so.

Thanks

right!! now i got you point by when you ment by saying when earn I got as it earning comissions not the trade itself. i guess it all deppends on the trading style of the trader - other scalping, totally another story swing

guys, i recently read a nice strategy that actually may work on zulutrade traders. meaning to anticorrelate traders - their pairs and trading styles - like swingers and scalpers together....makes sense mathematically to differenciate, i will tell you if it actually works in practise.

I didn't get an answer to my questions on the other thread.

1. Why are top traders using Demo "based on hypothetical results" rather than showing they have confidence in their own strategy to trade it Live? Why would I trade Live and follow a trader who is trading a fake demo? Live accounts require signed agreements that the broker is countering every trade.

2. Why is the transaction counter USD on the site incrementing by fixed amounts last four digits? It looks to me like an integer(random) counter that may be spitting out two numbers, number of repetitions, and size of increment.

3. Why are there traders and clients bad reviews stating they didn't get paid?

here is the answer as know it from my experience of a follower (active one along the forums)
1: SPs have two options to trade from their brokers accounts either demo/live - either way it is legit and accepted. it goes without saying that live accounts are more credited - though i have seen bad trading and on them. And i have seen demo accounts to perform outstanding. OVerall there is no correlation on live/demo which one will give better performance. I have seen and live account among the top 5 as well. Keep in mind the ranking is quite flexible - it changes quite often as trading changes as well.

2. the digits? how many would you like to see 5/6? I think thisis a broker's thing i quite never thought of that.

3. those that whim on 'not' being paid are only one that are jerks and have no idea on how to ask within the reasonable time limits.

So my friend, judging by the fact that you did not reply to my previous post that i covered all your questions and troubles.
hows your zulutrade account going on?
hope pippping well...who aare you following these days?

Zulutrade is misleading.

first of all, signal providers can trade based on their zulutrade feed (which is just a demo) or link their account with a demo MT4 account. This shouldnt be allowed. why on earth anyone would follow a demo account? Are we lab rats or something for those signal providers? If they are good, why dont they link it to their live account.

secondly, if you check traders profile page and click on "profit" graph, you will see a description there "Total accumulated pips per day minus maximum drawdown per day". This is misleading.

I will give you an example for better understanding. (below numbers are just example but the calculation is accurate, i have done my research)

A trader has $5000 balance and his equity let's say go down to $4500 because of the floating position. Then balance change to $4700 after he close his transaction. then let's say he open another transaction and there is a time where it float at a loss position and his equity goes down to $4600. but in the end that transaction results in a profit too so finally he close it at profit and his balance then grow to $5500.

His net profit should be $500 based on above example right? but Zulutrade calculation is different. they will list his profit as "total accumulated pips minus maximum drawdown" = $500 - $600 = -100 (LOSS). How is that possible? Well, they accumulate drawdown based on last 24 hours transaction so the maximum drawdown wouldn't listed as $500 or 10% but $500 + $100 (because he ever had another drawdown from $4700 to $4600 and they count it twice). so from this example, this trader who has never risked more than 10% of his balance would appear as if he has -$100 loss and at the same time $600 drawdown.

so if this very same trader using myfxbook, he would be listed as having 10% or $500 drawdown and $500 net profit
but in zulutrade he would be listed as having $600 drawdown and $100 loss (in profit graph section)

so basically if you compare this calculation with myfxbook or another service, this look very different and misleading. so a scalper with way more aggressive tactics and use riskier lot size as long as he has tight stop loss per transaction might look as if he has less drawdown and more profit as compared to a trader whom only open 2-3 transactions a day with higher stop loss but with less lot size. even though in the end let's say this second trader makes way more profit and also never risk 10-15% of his balance, he would look as if he's the riskier trader and made less money because of Zulutrade calculation. They don't even care if you use 1 lot size or 10 lot size. As long as your accumulated drawdown at the same day is -50 pips then it's -50 pips and nothing else. That's why a scalper with more aggressive lot size could appear less risky than those who have bigger SL but then use less lot size. ZuluTrade feed doesn't count lot size and balance. That's why zulutrade is very misleading. Be careful guys

I remember reading something in the forum about the discrepancies between the stats, dunno if thisis the same providers that you are talking about, but the investigated it and it had to do with early closed positions in the mt4 or smth. Here is the threat and the official answer: http://forum.zulutrade.com/viewtopic...a7383e4#p48311

i think this case is an exception, as if it wasn't, all the traders wouldve been screaming about it. Plus do not forget the platform is NFA regulated, if you dont know what this means, it has to do with really strict regulations.

After following ZuluTrade for many months, I noticed that best-ranked Signal Providers find it hard to keep their high ranking and usually after reaching the first places, something goes wrong with their trading and they lose most of what they've earned. Those who follow these Signal Providers from early stages usually make money, but as always - late joiners mostly lose money.
I think one of the reasons for this infamous rise and fall of Signal Providers is the nature of the Forex market along with the nature of their trading. Usually these SP's open many trades with average profit of 10 pips per trade. These trades usually suffer bearable drawdowns, but the market always turns around to close their trades with some profit. After a few months they rank #1 with thousands of pips and millions of dollars following them.
But then comes the big move and the market doesn't turn around, and instead of cutting their losses, they hold to their losing positions. The pressure is much greater now that they're ranked high and a lot of money is at stake (the more money follows them, the more they get for every trade they open).
The solution is as always - apply proper risk management, cut losses short, use stop-loss, etc. The problem is that in this way it's not as easy to make 10K pips in just a few weeks....

It's very simple. There are a lot of gambler and their goal isn't long-term profit. You may call them commission hunter and you're right. They all have something in common, their risk to reward level is horrible. No one can beat the market with such a System. The problem is that they make huge winnings in a very short time period, but the risk is huge.
So if you really want to make money with Social Trading you need "real" trader and you can't expect to double your money within a week or two. Use the advanced search. Overall ZuluTrade has some great trader.

Hi,

I have gone through lot of providers in front but they are not good for people who have small capital like us but I have notice some provider who's really professional but low in rank but trading is good.

pradeepfx

If you anyone can provider how's his trading, please post here.

I like AAAFX with ZuluTrade regarding the low slippage (commission) and I also like FXCM because they have the best costumer service. They help you 24/7.

That's correct ! aaafx is, imho, one of the best fits for zulutrade. they also've got 24/7 support.
fxcm've got extra commissions and higher spreads, why would you prefer them? customer service is a key factor, but nowadays most brokers support high level of account management, so I do really see it as a solid argument to select a broker.

I am back and see so many cool new features on zulutrade - time filters, equity protections, advanced search and comparison of traders...
domingo, you as a old member, can you help me get the sense of it?

hello there and welcome back to the community !! until now it was only me doing the job.

yeah I saw them too, pretty cool...there is also exports portfolio and zuluguard and reverse positions!
zuluguard you apply manually to the each trader and it get to protect your account. did you apply it yet? the rest are just options for you.
i'd say go with a demo util you get used to them.