I have been autotrading for a 5 years now both with expert advisors and signal providers. My main aim is to help others become profitable. I currrently use a money management system combined with signal providers who are proven to make money.
The signal providers have been tested for a positive expectancy (the indicator that tells you if a signal provider/trading system will make money) I combine this with a risk / money management stratergy which tells me 3 things:
The % chance I have of blowing my account with my current % risk per trade.
The correct lot size for the % risk I am taking per trade.
Am I overtrading my account and my risk of a margin call.
By using this system I am in control of my own trading. While using a signal provider to make the trades for me. I also know when a signal provider stops being profitable, and this tells me when to change my provider to keep my trading profitable.
When selecting a system to trade on zulutrade what should you look for?
You should be looking for a stable system that will most likely continue it previous trend. Systems that have been on only a short time provide unreliable statistics in zulutrade. This is because a big loss will effect the stats on zulutrade much more than a system that has traded for a while.
This is because all stats are like moving averages and they are the sum of the data produced by the system. So when there is less data from the system any large trade will skew the result.
Look for a system that has traded for a while. This will produce a much clearer idea on the actual stats the system produces.
Yes you could use fantasy football as an analogy. The rules of the game are set as in football. This is money management and risk control . Once you have this in place you just need to add your players (signal providers) if you choose good players you will make money.
Using an indicator like expectancy will tell you if your player is good enough to be in your team or needs a quick transfer.
always good suggestions Margret!
guys you should all read it! the numbers do not lie! :58:
compounding investement over 12m period …my zulutrade strategy written down ! :35:
I find that forex trading with the help of good trading platforms, is definitely good for the long term gain. the platform which you suggested is rather good, you could try out forex-metal also
the numbers do not lie! :58: