Hi,
I’ve been with Zulu Trade since July 2012, first as a follower, now I’m also trying my skills as a signal provider.
Yeah, I noticed the Zulu Trade-Signal provider trading journal by gkawa22 but I don’t want to interfere with his or hers posts or bug him or her so I decided to start my own thing.
Anyway, I started out my belowed signal provider account in January and first I thought I would try very short term trades based on economic releases but after four days of trying I thought this is not my thing (I currently have a second signal provider account trying to implement the original strategy, but not very successfully). I came up with a long term strategy based only on fundamental analysis under which most positions are open for about a month, then reviewed and can be reopened in the same direction. Initially I started with only one position open at any given moment but after a few months I tought that this is too constraining and if successful can be easily copied and worse - why would anyone follow the signals if they could watch what I do and open them manually? So I switched to a max of three open positions, with a stop of 500 pips each. The shortert I’ve held a positions after that is two days and a half (not counting a USD/CNH position) that I closed in a matter of seconds because for some reason did not get copied to my follower account (don’t worry, I didn’t have any followers at that time).
Concerning the results, +1224 pips in 18 weeks, 346 pips max DD and +600 pips open positions.
I have four followers including myself. One follower is using a demo account, another one started following me yeasterday with a balance of USD 0.00 lol and one with some USD 2,500 for which I have made a profit of USD 68 but holds me disabled at the moment since recently lost a large part of his equity (he had over USD 13,000), probably beacause he was following more than 40 signal providers.
I’m ranked 1,215-th and I really find it really unfair how the ranking system works. It really encourages daytrading and scalping which is kinda logical since taht way the brokers will collect wuch higher commissions. Also, why do the followers love so much scalpers and daytraders? I found almost no signal providers in the top 1,000 who have average pips per trade of over 100 and an average trade time of over a week. Imo most of the followers are suicidal by following risky providers and then whining when something goes wrong.
Sorry, drifting away. This is supposed to be a journal. I decide whether to open a certain position after much reading and finding a strong fundamental reasons for certain pairs to move in a certain direction. Currently I have three open positions - buy USD/JPY, buy NZD/JPY and sells USD/CNN. I started discussing my strategy in a forum in my homeland and I’m really having a nice discussion there, I hope I have one here as well.
Can you send me a PM with a link to your profile on zulu?