Copy Trading

Very great info indeed Evolutionistic. Zulutrade seems like a good concept but everyone must be carefull when choosing a provider.

I’m always weary of signal providing services who use their own tracking/stats system for reporting. If they use a 3rd party stats tracking provider (such as Myfxbook, mt4i, etc.) I feel much more comfortable.

I dunno where you find this, Evolutionsic, but I can say it is quite a bunch of c*** and wrong information.
The overall product is very good, of course one need to have at least one brain cell working in order to use it. First, there is ranking algorithm indicating which SP is worth following and which isnt; if this is not enough one can always enter and copy other’s follower successful settings. SPs are compensated only when they close a positive monthly PnL (with no carry over open trades) and additionally dd/trade should not exceed 700 pips loss. (this is all on the website you can read the signal provider agreement and yourself) You can link any broker you wish for and of course you willing to stick with (some charge quite a commission ) but this is workable and last but not least, their support is quite the best - they have been there answering to each stupid question i ask 24/7 …I am using other brokers support services(names doesnt matter here) and comparing this one is the best support i get. As you say it does require some work of your own, not tremedous I’d say, but overall the return you will get for the invested little time is tremendous. I am having a 5K account and monthly rebates I get from following is of about 1000 usd …so, in 5 m I already had my initial investment covered and double by not even closing an year. Imo, it is the easiest made money…there are day i even forget to open my account.

@TyeWfx thx for sharing that with us , you seem do be doing very well in zulutrade. But i dont understand your rage about the post above, cause its actually very positive about the zulutrade service. Maybe when it was written this rule you are mentioning wasnt introduced , but apart from that the post of Evolutionsic was very well written and in favour of zulutrade.

Me neither ;p

The article basically states that zulutrade is a good service but some people involved (signal providers ) are scammers , which is preety normal if you have 1000+ providers registered on your site. Searching for comparison between zulutrade and etoro i found a great blog , google copytraders and you will find a uk site where a guy is comparing the two services with great analysis.

hey guys, thanks for the comments.

I am fed up seeing so many negative reviews lately that come mainly from scammers, or angry providers that want money for recless trading, so with yours i was left a bit puzzled. kindly excuse me being overreacting. thats why wanted to clarify that the service is really good (and i tend to believe that). sivested, i saw the article - quite good and to the point description it had there.

Are you an old user of zulutrade? Would you reccomend this service to an amateur forex trader? What tips can you give about selecting the providers?

not that old actually, but for some time yes.

i use too strategies so to say - ranking and alchemy settings to get providers. Use top 5 and then another five from what other users find profitable.

so, which one did you choose?

I’m on a demo right now switching between different providers , watching their strategies , my latest ones are Yamato FX ver.A and yf68 , they are doing quite good for me.

Interesting choice:))

Good luck…hope these SPs bring you lots of pips:)
I am a bit more conservative and stick for the time being with FCC :slight_smile: as most of the followers do :stuck_out_tongue:

So, any new traders to follow? are these guys viable now:Yamato FX ver.A and yf68 ??
Not ever in the top 10 …xmmm I need to choose others…

Hello there,
now these guys are old news, hope you didn’t follow them.

Look at #DailyBot SSI - EURO, EUReka V, and arda1988. but overall, try to find traders that trade from live accounts, not always, but they tend to be more secure! :wink: imo of course.

Have any of you guys used forexsignals.com?

These days, most decent traders would have their performance displayed for the world to see, and better yet, for anyone to copy.

Copy trading is one service from many broker now which with copy trading they can copy trading from leader, but finding good copy trader is not easy, usually investor trader will looking and ask question on forum to get information before using service there are some trader using copy trading on mql5 and some might using on zulutrade.

I find SignalStart great. I have used it to copy, and to provide my Ready Steady Pips signals.
I also use MQL5. Both give great details on performance so it helps you seperate the good, the bad, and the ugly!

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That’s right! But is it good to merely copy what worked for someone else?
I mean, not necessary if it would give us the same results.

They are good for learning new trading strategies and for exchange of ideas. Many new traders benefit highly from such platforms.