If you are in ZULU trade- you must see this

I have used Zulutrade now for 3 months and agree be carefull of traders with 100% wins and bad risk ratios ie. Will go -100 pips to win 10. I always look at the draw down % and skim through previous trades to see when they implemented a stop loss then filter that way. Some decent traders on there as already mentioned and happy to say I am up 42% on my initial deposit. Although was only a very small deposit and includes some very succesful swing trades of my own. Will see where I am in 6 months and may make a large deposit. But all in all if your very careful on the sp’s you choose and tighten up your money management then zulu isn’t risky…

Do you need a broker or are they a broker themselves and you deposit straight to Zulu?

Yes, and I’ve had DD like that before and I always come back. 40% in three months is still pretty good - not for everyone and I know that. I have other systems on zulu that have pretty tight stops which I did not mention. It’s all good tho. ZuluTrade - Signal Provider Performance - DWFtrendcatcher I dont want to seem like im trying to sell my systems on here but I do employ stops in most cases so go take a look. 26% DD with 115% gain in just over a month with 100 pip stop losses. But anyways…in response to the person who had asked about the #1 zulu provider…i do think he knows what he’s doing…a very good trader! However, lately it seems he’s been pretty flat…a turn off for many…but remember, the tortoise beat the hare so maybe a 100% gain every month shouldn’t be your objective! Good luck.

Every system/trader has dd from time to time…we, followers would be concerned if there is 100% winning ratio over like forever…so, better off with a custom stop/loss rather than a dd that would come from where you do not expect it :wink:

Sorry Doriot didn’t know what I was thinking that wasn’t the way i wanted to say that and have deleted it from my post.

Afwilcox, You need a broker, but you can demo on there site without one, then get one through there site after 30days if your comfortable that it will work for you.

@Cheggs, Thank you very much. Do you have real life experience with trading Zulutrade in a live account?

I finally opened a real money account with zulutrade last week and did quite well, 6% profit. At the moment I have 5 SP’s and have changed some since I started, I also have 2 demo accounts running at the same time where I am testing out other promising SP’s.
I tested zulu in several demo accounts with different SP’s for over a month prior to opening a live account. I find that is important to find the trading styles that fit you.
Most importantly, I find Money Management is one of the key parts. Find out how far you can go in terms of margin, for example on a $10K you will get a margin call once you pass 70% ($7K) in DD or losses. Finding out how many open positions are safe for your situation and at what size are important. Looking at the historical lowest DD of the SP’s will be helpful. Starting with smaller lots on real account I find is safer and to increase later on accordingly.
Anyways, I’m hoping next week to be a good one too.

my friend, you are on the right track!! I am happy to see smb with the same practice as mine :slight_smile:

which providers do you use? and with what lots?

may your week be full with pips!:slight_smile:

Risking too much and following the wrong providers is the danger zones of zulutrade. Like traderGS mentioned you should test the providers thoroughly , watch how they behave in your demo account , check their DD etc etc. Forex market is a dnagerous place zulutrade is just a tool that helps you to navigate easier inside of it and for me it is the best tool out there.

I am following some of the top 10 performers as well as some with 100% return ones though they have high DD, I have accounted for that in my MM. I keep an eye on how long they hold a position and how they perform and make adjustments or change them based on that.
As I’ve said before, demo first.

care to share some names and lots numbers for example ;))

I really wanna try zulu. i hope someone could help me manage my own account, demo would do. i’m a bit curious to know more about trading with zulu.

open e demo and ask away about everything :wink:
don’t be shy…:slight_smile: the better you know the platform the more profit it will bring you;)

I run a site that has a lot of similarities to Zulutrade, we have a handful of signal providers and you have direct access to them as they make their decisions in real time.

It’s also free to join and copy the trades manually.

Zulutrade is good, but it’s a big machine with very little interaction with the actual traders. You won’t become a better trader by using Zulutrade. At liveforextrading.info you will learn how and why trades are placed as well as being able to ask advice on your own trading decisions.

Live Forex Trading Room - Free Forex Trading Signals - Forex Product Reviews

I hope to see some of you guys in the trading room!

Regards,

Nick

Hello, why is he got banned? is something wrong with his website or what?

First of all you should not advertise your product in the wrong section. It is called spamming.
Second of all, when comparing you should at least know what you are talking about…zulutrade is not for trader to communicate and exchange and learn - it is a platform providing unexperienced traders/followers professional signals of winning quality (as much as it gets with forex). it is not correct - there is a huge forum with lots of threads where users(followers and SPs) communicate on strategies, lots allocation, trends…etc.

hello, any update for this thread? more inputs please… right now, i have live accounts with tradecopier dot com and still open to try something new…

what about zulutrade? no live account there?

I am a both live and demo zulutrade’s user. First of all I understand that choosing just among the top 100 it’s dangerous mainly because I only lost money with top providers. Many of them has climbed the ranking with less than 50 trades, that’s quite absurd. Now I’m following FCC (very very bad last month, now he’s running in my demo account) and two italian traders: noaa.finance and boreFXcorporation . It’s a pity I used them on demo this month.
Their statistics show large DD but viewing their trading history you understand that, as they trading gold, due to extremely volatility of Xau/usd, you find the DD linked to some operations of that cross. You should consider that value pip of xau/usd it’s about 1/10 of pip value for a cross like eur usd.
I’ve done some calculus and find that for boreFXcorporation you have to consider about 1600-1700 pips last month not 9700 as the last ones are generated add xauusd pip. Average pip trade is about 8 pips per trade. I will continue following them and planning to test boreFXcorporation on my lve account.

Good for you! although imo, you should consider top 10 ranked signals - there is a reason they are ranked top and simply thisis profitability. As FCC is concerned his DD was quite known for the past 10 days and more- hardly anybody new would follow him anymore, except for those that already with him.
sooooo, what is your signal’s name?