You to meseany, have a safe trip!!!
we’ll keep it running here while you are away so there would be plenty of things to catch up when you come back 
It did not occur to me earlier…but are you also concerned with your intelectual property of your trades? thats why you do not wish for others to see it?
Yep protecting IP is one of the key concerns and reasons I’m pondering what to do about trade logs. I was leaning towards removing them all together and instead resorting to showing investors (as opposed to traders) comprehensive performance stats perhaps on a daily basis but it’s clear that not all the brokers I’m now looking at supporting allow for this (switching off or delaying or customising the presentation of trade logs on their own systems) so for now I have little say in it.
I get the rationale you outline about wanting or needing to take a closer look or keep a closer eye on things while in fast moving, leveraged asset classes.
Ah, so you are looking to be a Trader, not a follower?
There are plenty of other autotrading systems, but most of them are very transparent these days. However, they are better IMO as they encourage real traders and less commission hunting and they have to go through a certification process/period. I’m thinking ayondo and currensee here.
I just finished and handed over in feb a momentum based trend following system to a professional fund moving away from discretionary to fully systematic management. My interest, opportunity and job right now is to use what i picked up to tap all the retail money I see in all of these signal sites and EA purchases by establishing a no nonsense venue that delivers the goods consistently. Right now top 10 ZT providers control $20m+, at some point it was over $40m. I’m seeing EAs sold $100+ to hundreds if not thousands of folks and no one expect the EA writers is rich - 1000 customers around the world over time is $100,000 - stunning considering the basic inherent problems with selling distributed trading logic running on random machines hooked up to random brokers with random balances.
In short the lofty goal is to kill off ZT which i see as consistently hurting many investors through a whole host of inefficiencies and to put an end to the selling of rip-off EAs to hard working people - not an easy task to understate things 
The model is zero upfront charges and zero commissions, just profit sharing based on new profits, one price, same slippage, zero latency, regulation-friendly, 1k buy-in (possibly 5k as factors dictate), no software installs or trading stations, 100% automated, fixed stops at 25 pips, high percentage of limit orders and more.
Aiming to be in private beta as soon as August.
Ah - now the earlier questions make more sense as they were from an SP perspective not a potential follower!
Certainly, I’ve been burnt many times by ZT and rip-off EAs, etc - so this sounds like the holy-grail, as I just don’t have the time to trade myself. Keep me informed!
Sounds like a nice package…so if I invest 1-2K with the same charge (which is quite a lumpsum to me) how much would be my ROI by the end of the first Q1?
I have no idea. Anyone who can tell you such a thing is clairvoyant or simply hustling. Previous performance provides no indication as to future performance. Will report back on my progress as soon as possible.
Good day folks.
You have a reasonable point…what i ment and wrongly expressed was inquiry of an average historical performance.
Whenever you have results post them, i am sure we all here are conscientious enough to not take them for granted.
Just having a sneaky peep… at the airport now - these past few days I’ve lost on Zulu
- my manual trades were doing well up $ 300 on the day only forme to blow it all - so I’ve left my traders on for 2 weeks I’m away with max open position $0.4 on a $0.2 per trade with a SL of 150. I’ll update you on how I get on.
My fiddling has made a hash I need to back off n stop checking every 5 mins - best if I check twice a day.
Sean
needless to check every 5 min…twice a day is enough(morning -evening) look for traders trading same hrs you awake with low dd and using SL then you will be ok. My account is also a bit shaky, got LadyBawssUC opening loosing positions with no SL but i managed to closed them manually with little loss. the loss was absorbed by timeisnow trading giving me of about + 175 pips. This is my morning account performance.
Agreed, it’s got to be about balance - I think micro-managing these things is probably too much.
I added LadyBawssUC to my demo account the other day, so glad I didn’t put that one live! I’ve been demoing timeisnow too for a long time, and I’m only around breakeven with them - which is better than most on my demo!
Let me reciprocate by sharing one that is doing ok for me on demo, but I’m not yet ready to go live with, and that’s [JRGL] Tokyo Cable EA v2. It uses an SL, and the risk to reward is ok, some good 50 to 80 pip wins. 2 weeks of testing, 12 wins out of 12, 466 pips for me. Of course, it’s a pure EA working on cable, so it could quickly go wrong if market conditions change. Worth watching perhaps.
I was so close to add her up to my life today (LadyBawssUC) - thank god for my testing period is 3 trading days.
what stroke me was the open positions with no sl…if you check the open trades she still keeps them on …3 trades no SP indicated…why do you think this is? maybe a hidden trend in the market?
My testing period is 1 month! Makes no difference does it - you just know as soon as you add a successful trader to your account, it’s going to blow up!!!
These open trades seem slightly better as I type - their track record would suggest they know what they are doing - but I’m always suspicious and unsure of people opening multiple trades like this. I’m not sure about the SL thing - there’s a lot of debate about whether you should or shouldn’t use one, so it depends I guess on the trader’s style and strategy. Will keep this on demo for a good while I think.
that is correct, make no difference when it comes to testing period. you can also backtest it and will give you more or less the same results.
I also suggest time is now and tradeguru…when they traded lately (With some exceptions time is now) They traded good. worth checking out.
Hi
I use zulutrade because their are 2 types of traders. Ones who love the action and the other type who like to set and forget. To get the best from zulutrade you have to understand your risk. I make sure I know my risk per trade and use stop losses and I also use a small number of trades. By doing this I am looking to make 25% or so a year without the stress of watching the action. By now you must have guest i’m a set and forget person.
When I talk about risk. I am in control of the position size I use, The amount of trades I take and I know if the trading system I am following has an edge that will make money over time.
For example:
I am following forex cruise control who has recetly opened 6 trades which all had a massive reversal (no stop loss). This led to a drawdown of 75% of the account with 5 trades still open hoping they would come back. (at time of writing)
I am not worried as my total risk exposure was only 5%. This is not per trade but total exposure. I know what my maximum risk is which is 5% for all open trades taken.
I know this trader has a good record and they should be profitable in the future. All I make sure is I am in control of how I trade. The siganl provider opens and closes trades and I protect my money from mistakes.
Yes, there are a lot of FCC followers who have had their accounts wiped out because their risk exposure was too high.
But at the end of the day, FCC changed his strategy without warning and by only targetting 10 pips a day, it takes a long time to recover big losses.
The problem with such big drawdown over a long period of time is that you are missing opportunities to make money, whether with FCC or another provider as you sit and hope to ride it out.
Well not really. He is back in the game today with closing 5 possitions of almost 300 pips in total.
the open trades thought still open but with a lower dd…
Sure, but then you’d have to allow 10 open trades, which not only goes against Margaret’s idea of managing risk, but also against FCC’s described strategy. So many followers wouldn’t not have gotten those 300 pips.
Hi
The idea of managing risk is so you are in control of your money. You know how much you can lose per trade and personally I only take one trade from the provider. This gives me a maximum exposure of no more than my chosen trading risk of 5%. I then use multiple providers to spread my risk. This is an dont put all your eggs in one basket approach.
I believe that each trader is reponsable for the money in their own trading account. By control your own risk you have controled your exposure to any siganl provider. If they start to lose money it easy to switch providers.