Hi Fxmall - Zulu is a hard place - hence my thread - I’m trying to pass on any lessons that I learn.
Sean
Just checked it out, what I do not understand is how are these traders being billed as professionals with so many followers if the results suck…smh
Fxmall, the results are great and people are following because they are actually gaining money :22:
I am a live example of that ! 
I dont think there are traders in the world that dont do any mistakes. Its forex , sometimes you will loose unfortunately.
Update to my portfolio:
BigTen4EX - lot size reduced from 2 to 1 trade due to continually opening 2 trades within 15 secs of each other - ie effectively doubling up on same trade.
The traders I’m using are:
yf68
yamatofx2vera
Yamato FX ver.A
TradeGuru
denganyouqianle
BigTen4EX
Sean
So still 0.1 mini lots with 2 trades tops?
Eddy - since my balance as increased Im now on 0.11 std lots (ie 1 pip = $1.1) with a max of 0.22 lots per trader - other than Big ten who is on 0.11.
Ive also added xiaozha111
Im giving a full update tomorrow.
Sean
Ok Sean, noted. awaiting your report tomorrow.
may your day be full of pips
SP with very high Risk Reward Ratio:
SHARKY_EA --> SL: 20 pips, TP: 90 pips
systemA --> SL:11 pips, TP: 150-180 pips
Both only open max. 1 position at a time.
Lost a little yesterday - bigten didnt do so good but we were only on 2 trades - but reduced him to 1 since he opens same trade more than once - doing well today.
Sean
Give SHARKY_EA more time - 7 weeks trading is way too short - Ive been there before only to have the trader manage a lossing position very badly - what makes a good SP is not how they handle the good trades (we can all do that) it’s how they handle the bad ones.
systemA had me confused for a while - all those little -11 losses only to be peppered with large gains… but - check out their monthly p&l = Mar +12, Apr -88, May +446, Jun +140 - not good enough.
For systemA:
I still consider he’s very good, since he only open 1 position maximum, not like other SPs who likes to open more than 4 positions just to collect commissions and pips.
11-pip loss vs 160-pip win --> it means you need 14 losses before your one win is wiped out.
Right - here’s that all important update to my progress on Zulu…
July 1st $0 float -$21
Cumulative +$184 Bal $2,508 +7.9% (open bal $2,325 11th Jun)
July 2nd -$36 float -$34…. Big Ten cost me -$104 I must keep an eye on him, I’ve reduced my max open lots to 0.10 (ie 1 trade) on Big Ten
Cumulative +$148 Bal $2,472 +6.4% (open bal $2,325 11th Jun)
July 3rd +$68 float $0…. Big Ten broke even – pondering weather to ditch him since he did average into 2 positions across 8 trades… thinking that he’s beyond the scope of my risk control via my Zulu settings will get more of a feel
Cumulative +$216 Bal $2,540 +9.2% (open bal $2,325 11th Jun)
** Note – I have now increased my std lots to 0.11 or 1 pip = $1.1 due to balance increase – next increase in lot size when balance approaches $2,800 **
My current team are:
yf68
yamatofx2vera
Yamato FX ver.A
TradeGuru
denganyouqianle
BigTen4EX (recent addition – may ditch if cannot manage risk)
xiazha111 (recent addition)
My settings are:
- SL 150 (basic management)
- 0.11 std lots – i.e. 1 pip = $1.1
- Max open lots = 0.22 – i.e. no more than 2 trades per SP (stops averaging – although my SP should not be averaging anyhow)
- Big Ten max open lots set to 0.11
Recent changes:
I dropped “for333” recently on the grounds of averaging – if you look at his recent history for333 did very well and his average 6 positios paid off handsomely – BUT please be aware that this is not the point – for333’s positions could just have easily gone the wrong way and then your facing the wipe out that ruined co-fx-24 and forex cruise.
Forex is about steady gains, not gains at any cost – otherwise it’s more like gambling and you will loose your capital.
Thank you - Sean
BigTen4EX - too risky ditch him.
out of 50 last trades - 35% is loss. think about it.
You know what, that’s good enough for me - he’s gone - if I was pondering I should just ditch him anyway - too many trades equals a gambler so he’s gone.
Thank you - appreciated.
Sean
Sean,
how are you doing my friend?
i think you should listen to our fellow-forumers…and get lose of BigTen4EX…seems 2 risky. try sex&money what the guys were suggesting in the another tread. I am following it for 2 days now and man it has brought some profit :41:
Hi Eddy Mo - yes - agreed - I’ve dumped Big Ten - he’s good but way too may trades so…
I’ve also added SMV vs Forex - will look at sex&money… nope - cant add him -he’s got max 11 trades open at once - Im a max 2 trades at a time kinda follower - need reduced risk.
Sean
looks dodgy, looks like he deliberately takes the 11 pip losses? why? maybe commission has something to do with it lol. anyways check his other accounts, he blew one with -14000 drawdown!! and it had live followers so imagine how they feel.
Steve,
Looks like you know your onions… I’d appreciate your comments on my Zulu chosen few:
yf68
yamatofx2vera
Yamato FX ver.A
TradeGuru
denganyouqianle
xiazha111 (recent addition)
SMV vs FOREX
Can’t decide whether or not to ditch tradeguru - was no2 - was doing really well then bam - do I keep him and hope he comes back which he’s capable of or do I ditch?
Thanks,
Sean
Steve, the SP will not get commission if they have negative month.
I don’t understand your reasoning why the trader want to deliberately put 11-pip SL if it’s going to adversely affect his performance. Explain please.
Btw is the -14000 drawdown account uses SL? i bet it’s not.
And SystemA trades 1 open position at a time, and always uses SL, mammoth DD is literally impossible.
Such max.OP and SL is something you can set by yourself to prevent SP taking reckless trading.