glad i can help you basically when i choose a SP i follow some simple rules: last 50 trades to be positive, dd to be minimal (like 100-200 pips per trade) and of course overall positive performance - and it does not necessarily needs to be among number one. Look as well and in the alchemy settings who other followers are following and how…oh and do not follow in the beginning with more that 0.1 lots and no more than 5 trades.
Best practise you will get from opening a demo and starting trial and error on your account management
thanks for the answer, i would check all those aspects, the one i dont get is the DD being 100-200 pips, as all the DD i see in zulu is in % rigth?
I do have an demo account in zulu but only lasts 30 days, would like a little more… and rigth know even with fake $$ I am biting my fingernails because one of my SP called Forextrem is 1000+ plus pips down with 19 open positions, have to regulate that, but that guy seems profitable, you should check him out if you want…
Speaking of SP, I note that almost everytime the have a trade open they are in red number, but when they close almost everytime is with a little gain, lets say 15-30 pips, which is ok for me, what do you think about that]?
Sorry if I am not clear enough, english is my second lenguage…
it is your first demo right? i think overall you should be more careful when choosing a SP -meaning 4 weeks of trading is very little to show - for many different reasons - and most important is that you got to see the open positions. Always use at least 10-12 weeks trading as a rule of thumb. look for possitive trades (last 50 to be or if there are losses to be minimal) and overall use the ranking - there is a reason why some traders are within the number 10. consult as well the alchemy - how other followers are following.
15-30 pips gain for you is pretty decent returns.
btw you should follow with more providers - diffenrenciate and do not put all your eggs in one basket as Marchowitz said it
dont worry bout language, we all make mistakes
i meant to choose at least 5-10 traders to follow
Forextrem : is no bad but only 5 weeks of trading - you should give him the benefit of a doubt and some time to pass.
and the alchemy is the so -called followers performance where you get to see how followers are following - lots and trades and who are they following as well
basically when i choose a SP i follow some simple rules: last 50 trades to be positive, dd to be minimal (like 100-200 pips per trade) and of course overall positive performance - and it does not necessarily needs to be among number one. Look as well and in the alchemy settings who other followers are following and how…oh and do not follow in the beginning with more that 0.1 lots and no more than 5 trades.