Zulu Trade signal provider

Beginner Questions
22

Just pick one that seems to have a lot of traffic, and use links at the end to point to it. No need to open a new thread.

23

Sorry for being thick - I dont understand which links you are referring to… I will chose one thread and stick to it, Im just not sure what and how the links will work.

Thanks for your help Tang,
Sean

24

oooh come on, give him a little break, Sean is just excited with sharing results.

25

It’s just not cricket :slight_smile:
Sean

26

Sean,
hows trading going on? any updates?

27

Hi Eddy,

Sorry been busy. Steady really - I added another trader who didnt meet my criteria - damn silly really - I managed to manual my way out of trouble. So all is well.

I’ve been looking into SMA crossover strategies - and using 4 types to define short/long entry/exit - thing is this can happen at 4am in the morning - is there any way to program this into a platform - is it what I’ve heard call an EA?

Thank you,
Sean

28

Hey Sean, good for you, rotate and limit those traders that are not performing well :wink:

well the EAs that my MT4 has is MACD sample and Moving Average and then the rest you program yourself. I;ve read you also buy them and plug them to your mt4…sorry cant help much than that.

29

Hi Sean,

Do you have your account linked up to myfxbook? It would be interesting to see your results with all these providers.

No more BettyBoo? I’m actually hanging in there on zulu…ZuluTrade - Signal Provider Performance - Kingda Ka 4X

Best of luck :41:

30

uptick,

how are you doing mate? …yourt trading is quite ok! keep doing the good work :wink:

31

Please do a thorough check on Zulutrade signal providers, you’ll discover that the vast majority of providers blundered and incurred huge losses in the first 20 weeks.
I have 4 live accounts at Zulutrade, I never consider a signal provider with less than 28 weeks of accummulated profits.

32

Greetings,

We are a new SP on Zulu trade ( to find us [B][/B]search tradetheladders on zulu ) and thought that we might be able to offer some insight about Zulu. To start it is a complicated animal. The rankings are nice for choosing an SP but one has to take them with a grain of salt. What you have to remember is that traders are compensated for trading. Zulu trade is compensated for trading. So if someone is not pulling the trigger no one is making money.

Zulu is very very unspecific about how they calculate the rankings and have some secret formula thst is more complicated then the theory of relativity.

Traders that hold their trades are punished by the Zulu ranking formula up to 25% lower. Traders can also improve their ranking by 25% by posting a you tube video of their strategy. It used to be you ranked higher the more money you had following you because they wanted SP’s to promote the site. If you take less trades Zulu makes less money and no one is in this to not make money. Not you the investor, me the trader or Zulu. In a perfect world we all make money. Which brings me to the next topic the commsion rules.

If a trader does not show a profit at the end of the month they dont get their portion of the commision. I dont disagree with this policy in fact I actually like it. Zulu trade however keeps the money they do not refund to the follower. This approach is great in theory but… has some problems. .

  1. If a SP is up for the month they will most likely stop trading towards the end to make sure they get the commission. Whats wrong with that you might ask. Well… rememeber the SP is not paid on the profit or just the profitable trades they are paid when they show positive pips for the month. so take this senario into account. I make 500 pips in the first 2 weeks of the month. and you decide to follow me. I have a horrible 3rd week and give back 450 pips. I stop trading for the month and walk away with my commission you are down 450 pips Zulu got money I got money and anyone who was with me the first 2 weeks made money. See the problem. In my view traders should get a commison only if they dont fall below a water mark based on the previous week. Similar to how hedge funds do it only they do it monthly or quarterly.

There are good traders on the sight. There are bad traders. Just like the real world of investing due dilagence pays off. Those that checked Bernie Madoff out didnt get burned those that trusted him and did not bother to ask questions or dig deep lost it all. The hard truth is you need to do some research. Rankings can deceive.

Here is my example of a ranking comparison. ( this was done last week sorry ) It uses me against the top 4 ranked traders on Zulu. I hope you will find it insightful and can maybe build off it as a model to find a trader. Dig and you will find. ranking by numbers however isnt really a very good indicator of who is good who is not etc.

We have over 10 years trading experience in the forex market. We developed our own indicators based on traditional technical analysis rules. Our full system or method is explained in our video on our page which can be found here:

We may not be the “sexy” pick since we dont have huge winning trades but we also dont make followers suffer thru massive drawdowns only to gain 10 pips after its all said and done. We just dont believe thats smart investing. After all isnt that what this is all about, growing your capital? We will have loses its a fact of life.

We dont trade huge lots we have a MM system that calls for a max leverage of .10 per $1000 and prefer .05 per thousand. The premise to this is simple, if the average loss is 30 pips we can be wrong 33 times before blowing up an account at max levearge, and 66 times at prefered. If we are wrong that many times in a row we dont deserve to be trading and need to find another career.

Our MM system also calls to increase the leverage as the account grows accordingly.
Since our time on Zulu we have looked at a number of the top traders and while yes our time is short and our track record short we feel we have anumber of advantages over the other traders. For sake of argument we will compare ourselves to the top 4.

It should be noted that we are not saying they are bad traders just obeservations of risk to capital where we belive it could be avoided. None the less these traders have produced positive pips and that should be accounted for trhe flip side at what cost to the follower. Anyway here we go:

We have an actual system that we explain in great detail. Does your current SP do this? Do you understand the system and how it performs, is it a logical approach to trading, and do you understand that logic? Is it a system or just a description of the way they trade or a MM suggestion of what to leverage.

Take for example the #1 trader. Would you say that he is accurately describing his method and system? He mentions max stop loss at 100 pips but no recomendations for leverage. He also did not follow that rule as his largest loss is 240 pips 1.5 times the amount he said he would take. As this post is written he is currently down 112 pips? So is he a trader trading for the betterment of his followers or a trader who trades for commision?

He has also blown up 1 account, at one point a follower had to beg him to stop buying the Euro and asked him to take a short as it was the more logical position to have, again are the trades logical.

Trader # 2 of the top 5 I am not really sure what the system is here. It looks to be hedging a broader daily range. He mentions fibonnaci as entry points but they dont match up with his entry or exits. None the less current positions down over 800 pips. To his/her credit they do mention major losses and suggest micro lots but again break the rules when they say most positions will be closed at days end. Currently most have been open since we joined the service 2 weeks ago.
He has also blown up 3 accounts to date.

Trader # 3 Recently cracked the Top 5 his strategy it sounds like is to take a 30 pip loss and target at least 50 pips a good win loss ratio in theory however they rarely work see our other posts under “bull bears stop losses” for a reason why. This is another example of a trader who doesnt do what he says he will do. His current positions are down 800 pips and there are only 4 trades on.

Trader #4 As of this writing is down 300 pips on 2 of them he is targeting 30 pips but has losses of 78 and 80 pips so far. His style per his description is trend trading off 1 hr 15 minute and 4 hour his current positions are to sell Sterling( GBP/USD). He entered these trades on the 18th and 19th. We agree with his logic to sell based on what the 4 hour chart shows (clearly a down trend) but he sold after it had broken the 50 retacement and established support at the 38. That could be a sign of a possible range between the 2.

If one looks at the 15 minute charts the pair has been in an uptrend since the 13th of July and the 1 hour has a steep uptrend. So using a trend system wouldnt one want to wait for reversals on the lower time frames as the trades are now they are counter trend to 2 of his 3 requirements to take a trade.

He also has loses of 80 pips and 78 pips as this is written and targets of 30 pips this is 2-1 in reverse agian not what he says he will do.

Trade# 4 also suggests 1.2 standard lots per 10k. So given that leverage suggestion as this is written if you are following the recomendations a follower has almost a 50% percent draw down on their 10k account. Again he also has blown out accounts, 4 to date.

I think you get the idea. Are we better? Well we certainly hope so and time will tell. We can tell you this, seldom will you have a 100 pip loss and at the max leverage this would be 10% of account value. We suggest emergency stops of 50 pips which produces a max loss at full leveage of 5% and at preferred only 2.5%. When one considers that most of the majors have a daily range of about 100 pips The likely hood is that we will suffer a 50 pip loss more then 100. None the less we have had a couple trades go to 56 and 65 one the fill wasnt hit. It will happen which is why MM is part of our system.
We hope you will compare our trading style to the top 4 and those you are currently following if some of the questiosn we have asked or pointed out are true maybe its time to consider a move to another provider.

You dont need to over leverage or have huge wins to have steady growth in an account. For example. We are leveraging based off an initial account balance of $3K at .07 per pip and trade up to 5 pairs at a time. Its modest but in just 2.5 weeks we have gained $199.00 US dollars and 286 pips We are on track for a gain of 40% this month. Maybe its not mind blowingly awesome but we arent negative 300, 600 or 800 pips either.

In closing picking a trader to help you succeed should be done with research. Its amazing but I would bet that most people in the forex market who struggle spend more time looking for the best price and deal on a car then they do looking for a qualified signal provider, system or trader.

here are some of teh things in a nut shell you should look for

  1. Is there a clear definition of the strategy and methodology that the SP will be using to manage your money. If not move on.

  2. Does the trade appear to be making logical choices based on that methodology and description.

  3. Does the trader make rational choices when managing a trade. There should only be a couple of reasons why a trader lets a trade run to a loss greater then 150-200 pips. They are taking a position trade and looking to carry or they are praying it comes back so they can show a 10 pip winner on their history. The later is more often the case. ie

I also disagree with the previous post that a older trader is a better risk then a new one. This may be true because you are better able to judge a track record with more trades. However anyone at anytime can have a bad week, month year or decade. It doesnt matter if your new old or dead there are no guarantess in the markets.

We also provide a 24/6 traderoom where traders can trade our system or check up on us to make sure that we are doing what we say we are doing. This is in addition to recording every trade taken.

Thanks so much for reading let us know what you think how we can help or just say hi
Sincerely

tradetheladders

33

This is one hell of a hi you wrote there!!
I agree with some points you mentioned, especially that there is an incresing trend of new systems trading good (e.g. tradeguru’s rising up to top 2 in no time)

34

Would love to see myfxbook results as well… or at least a recent update. Does zulu trade for you or do you enter the signals yourself? If it’s the later, does say MT4 allow you to somehow automatically mirror the trade?

35

same here !!! post your results. and if you on zulutrade, give us your SP name to check you out :wink:

37

With respect I disagree

As stated there are many good traders on Zulu there are many who arent and time usually does sort it all out. When we launched Blue Sky Trading Partners we decided to do it different. We decided that our motto would be

Honesty, Transparency and Consistency.

Yes it is a “new system” and caution should be taken when looking at any investment or investment manager. Lets look at JP Morgan, Goldman Sachs and the other “wallstreet wonder boys”. They have been around since the start of the markets they have proven themselves, they are not “new systems”. Yet they all have one thing in common with every other trader or firm in the world. As old and as established as they and their “systems” are they all still manage to lose money for their clients.

In the case of JP Morgan while it wasnt client funds they lost how many billions on a trade. One rogue trader with a great system who had been around awhile brought down the oldest most established bank in England.

Then there is the dot com crash. Even the current facebook situation was called a cant miss by many of the so called established market gurus. The US mortgage crisis was caused by one of the Oldest most respected wallstreet firms there is.

I am going to go on a limb here and say that we have a very very distinct adavantage over all the above mentioned companies. Look around the investment world or even your own investments. Lets look at Zulu as I pointed out in a previous post and ask yourself these questions:

  1. What is the strategy (this is normally called a prospectus)

  2. Are they using the strategy 100% of the time (if not why???)

  3. What is the maximum amount I can lose if this guy goes bonkers on any one trade.

Lets look again at some of the top estalished providers on Zulu

Dengan Rank # 1 running weeks 63 Last 4 trades -175 pips

F8 Rank # 2 running weeks 126 Last 4 trades 42 pips
not bad till you see that he/she has blown up 47 accounts in 2 years thats 1 every 2 weeks

Yamatoto Rank# 3 running weeks 90 good trader

Trade Guru Rank# 4 running weeks 28 current trades down 411 pips at writing

So 3 out of 4 of the established Top Traders have either blown up accounts or are down massive anmounts of pips.

The other thing no one considers when they look at the Zulu board is that the longer the system has been on Zulu the higher the rank they will get. This is not because of experience. Its because Zulu doesnt use a high watermark in its base for rankings.

It keeps a running count which means if you have 10000 pips and suffer a 400 pip loss you only have a 4% loss or drawdown. So as the totals go up the percentage draw down go down.

This is fine if you joined rightaway but had you joined Trade Guru on July 24th 1 of your trades is down 235 pips. I cant tell you what that would be percentage wise because he/she lists no strategy or money management guidelines. Even the casinos in Vegas tell you what your odds are.

Time can give you an indication of what to expect but for some reason forex traders fail to remember one thing:

past performance is not indicative of future results. This website does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk involved with trading Forex investments and consult an investment professional before proceeding.

What would your investment advisor say if you showed him the record of F8 and pointed ourt that in 2 years he blew up 47 accounts.?

Forex is a buyer beware market which brings me back to my original point of why we are better. We cant promise we will make you money. What we can promise is that we will be Honest, and Transparent. You will know what is going on because you can follow the system anytime because you will know what the system is.

In addition to being on Zulu we have a traderoom open 24/6 where we broadcast the system. We record the market 24/6 condense the footage and archive it for anyone to see. We worked all the kinks out hopefully this week and this weeks footage should be up by Sunday afternoon. To our knowledge there is not another company or investment advisor in the world who does this. We are giving our clients the smokng gun should we not follow our system.

We also are attaching the Rules PDF for the strategy we trade. This way you can look at the videos and see if we are following our own rules. We will also be posting in this thread screen shots of the entries of our trades. There is a video on our zulu page giving a great description of our system.

We again dont know of anyone who is doing this. certainly no one on Zulu. Why are we doing this? Because we want accountabilty. We have a long term goal and want to be the standard in this industry. We want our clients to recomend people to us and we will work hard for that referal.

So yes our system is new and while we know it works you will have to trust us that it does. Can you trust us thats up to you, but we are doing everything we can on our end to help you reach that point.

Thanks

tradetheladders

38

We did not post the PDF until we get approval from the moderators we dont want to spam. and dont want to be banned

39

Hello, I just introduce myself I am new to this forum, although I have been following forex for the last 3 years, I just started doing some trading by myself, I would say reckless trading and already lost some money in a platform called Plus500. My plan is to close all that and to start with zulutrade, which I think could be a good learning point just being able to see what the others do. My zulutrade account should be on and running from next monday.

I will be mainly using the ipad version of zulutrade, which unfortunately is full of glitches, but the support team assured they are already testing a new version.

tradetheladder, I found your posts extremely interesting and I think I could be one of the first live followers of you guys.
I read you recommend the S/L of max 50pips, is that correct ?
I do not understand the criteria to calculate the lot to operate with your signals, would you be able to elaborate on that, considering that I will probably start with 1000USD initially, followed by 5500USD at a later stage.
Where is this trading room you are providing ? I cannot find your website.

Thank you for the good work and the information you are providing on this thread.

Regards,
Pete
Dubai.

40

Hello Pete,

Thank you for the compliment Sorry to hear you lost all your money we will try and help you with that.

  1. stop loss: Yes use a standard stoploss of 50 pips in case of a market spike or intervention etc.

  2. Lots. It is August historically a very volitile month ( low liquidity and very volitile markets ) and since you have already lost money we want to take a slow and conservative approach to manage your money.

We will suggest you trade.

$.50 ( 50 cents for every $1000.00 you have in your account) we trade up to 4 pairs at any given time. so you want to divide that $.50 by 4. which would mean you would be trading $.12 cents per pip. Some platforms dont allow that so at this point trade only $.10 cents per pip.

we are not trying to spam here and are answering his question

our name is tradetheladders( plural if that helps)

Pete you can find the site by going to tradetheladders.com

please let us know when read this post so we can delete the web address we dont want to be banned from the forum. We also cant PM it because we dont yet have 20 posts.

thanks

tradetheladders

41

Greetings

We would like to explain our philosophy regarding money management.

Many traders/investors get caught up in the hype of the Forex market. Its understandable everytime you turn around you get an email or pop up saying how people turned just $100 into $100k in just 14 short weeks etc.

Our view is to work to the point where you trade less get less pips and make more. In order to do that you need to take the right approach. We trade and live by the following 2 rules:

  1. patience equal profits
  2. Greed Kills

The point of trading and investing is to make life easier and to be able to do the things you want to do when the time comes. There was an ad that used to run a while back that asked “whats your number” So ask your self that. Whats your number whats the amount you need to make a year to do the things you want. Lets say that number is $250k a year

There are 52 weeks in the year so you need to make $4800 a week. So lets break that down into trading terms. Lets say you have 10k in an account. Using our leverage you can leveage a maximum of $10 a pip at that leverage you would need 480 pips a week 80 a day. Thats alot of pips and unlikely because the more you trade the greater the chance you will lose money.

Lets say you have a 100k in your account now you can leverage $100 per pip and now only need 48 pips a week which is only 12 pips a day. A much more attainable figure. So lets say you start making 4800 a week and you bank half of that into your account in 1 year that 100k becomes 224k.

Now you can trade $224 per pip and need only 21 pips a week 4 pips a day to make your 250k a year. In other words you are trading maybe 1 or 2 days a week thats it.

To be successful in the FX markets you need to be in a position where you trade on your terms where you wait for the trades to come to you. If you are patient you can get there and it doesnt take as long as you think. In fact using the compound method ( which we do ) getting just 100 pips a week you can turn $1000 into 100k in a year. This requires some work but think about it 100 pips a week is just 17 pips a day.

The compound method has its problems. If you lose it sets you back and you have to back off your leveage when you drop to the previous level, but even if it took 2 years to get to that 100k is that really that long?

It is also not a martingale approach the trade amount is the same till the next level is reached and leverage is dictated by the level you are at. If you are losing money you back off the amount you are trading.

How many years have you been trading surfing forums etc. We dont go for the homerun anymore we will take it but we dont seek it. If you get a chance watch the movie Money Ball. The Redsox and A’s dropped going for the long ball they went after runs and eventually won.

We want runs not homeruns.

Patience equals profits and Greed Kills

Thanks for reading
tradetheladders

42

sound money management philosophy. sound rules!