I do not want the responsibility of advising SPs.
Got gains with ProfitSwing, DailyBot - SSI EURO, PoowTumW.
Losing with Mil-Sal, EUR Spoon, Calipsofx,New LEXUS Week EURJPY.
I like experienced SP with low DD and low “Max open trades” number.
I do not like when a sp that is losing, continues to increase positions in the same direction.
I looked into some of those last week and they were not doing well at all They keep loosing.
PoowTumW dropped from #1 to #88.
I’ve seen that too. I guess what we need to do is to constantly monitor their stats. If possible, 4 times a day I think would be sufficient. 
At the time, I monitor them everyday. Even though, it was my demo account. I treated it as my real account. Since the other day, I had opened up a real account and I am currently following one SP. Even how comfortable I am with the trader, I still monitor my account everyday.
You have to monitor them or else you might as well give your money away. This way if you need to cut the loss, you can. Meaning if they are in a losing trends, you can stop following them and let the last batches of open trades close out.
I know, if you have an SP without draw down, share. An SP can do well for a while but then he will go in dd.
Dd is physiological but high dd is insane.
Try this SP “diktoyokti”. This SP currently doing well 100% profits no DD. I’ll follow this SP so long as I still gaining at least 85 to 90 percent of the trades.
BTW! I also have some other that I am keeping a eye on from my Demo account. Overall I gained 10% ROI on the demo from these SPs.
Good for you! my friend. Do not forget to zuluguard no matter what. also check out how many trades you follow with, and if the trader users stops loss limits. if not you can even put trailing ones as well. think about it.
DD can be limited with zuluguard…Think about it…Have you tried it yourself?
ZuluGuard is on for sure. Can’t leave home without it.
I started out with 2 trades, and I just up it to 3. Today the SP has the DD (first one so far), but then the market seem to be volatile. May be I should have stuck with 2. Oh well we’ll see.
Hmm, Trader is not using SL, but manually close the position. Maybe I should put in the TS.
Thanks.
How do we get that setup. I don’t think I recall seeing it.
He is talking in the follower’s account - when choosing traders to follow, zuluguard set up pops up. You cant recall it unless you have never been a followers am I right?
I am a follower, I used Zuluguard. I did see the other setting after I made the post.
Right now I have a different problem that I need to resolved. My account will not take any SP trades. In each of the trader’s profile that I added the other day indicated Lots: 0.0. I don’t know why.
Since I had to cut loose the other SP with over 3% loss in 1 1/2 day. May be it is my profile that causing it, but I do not know.
Well, it looks like it works now with the problem. I had to deleted and re-add the SP.
Hello guys,
Lots: 0.0. means that simply the trader exist in your portfolio but you have disabled them for not receiving the trades. Who are you following?
Well, I didn’t disabled them to my knowledge.
After I removed and re-follow them, it works. The only thing I had to do was to set the number of max trades to each of the traders after that.
I’m not entirely sure but I think this is a glitch on their system but the work around works for now though. I have tried it myself.
Well, if it is a glitch. I think I found another one. LOL! I have set how many trades per SP. (IE: 2 trades) And now I only received 1 trade per SP. :33:
RIP PAMM Deposit PLUS USD :46:
RIP ZuluTrade :46:
There may be terrible systems on ZuluTrade, but there may also be sound systems on ZuluTrade that simply get hit from time to time by max drawdowns and unrealistic subscribers bail because they have no fundamental understanding of the way most successful trading systems actually work.
The vast majority of winning trading systems are trend following systems. The weak point of trend following systems is temporary sideways chop that causes temporary drawdowns. Even some of the best systems in the world experience a maximum drawdown that is equal to, or greater than, the system’s average annual return. These drawdowns typically happen at least once (but can also happen several times) within any given 5 year period. That means, if your system’s annual ROI is projected at +50% you can expect a max drawdown of -50% or greater at any moment. So… if you are attempting to earn +300% following an aggressive trading system you can expect a max drawdown of -300% or greater and it can happen at any time. The fundamental issue is that even if subscribers can find a decent system they have ridiculously unrealistic expectations that cannot possibly be met and they are doomed to failure because they will bail during what might be a valid, temporary drawdown. They want a +300% return and a max drawdown of -25%. That is never going to happen long term. Never. Subscribers have no concept of what a realistic ‘Gain-to-Pain ratio’ might be. But taking contrary trades won’t work either because some of the systems on social trading sites are legitimate trend following systems and you’ll get killed trying to bet against them.
If you want to make money and survive max drawdowns, I would recommend looking for a system that does not attempt to earn more than maybe +50% per year and be prepared to endure a -50% or greater drawdown at any moment.
INCREDIBLE , now they hide all (a lot ) losers SP !