Ok as another week is upon us its a good idea to remember that historically August is a very difficult month to trade. Liquidity is generally very low which can result in spikes that really hurt. If you are trading it might be a good idea to leverage half of what you normally do.
Attached is how we stacked up against the Top 5 traders on Zulu for the month of July
Thanks and good trading
tradetheladders
How does someone have 1500% drawdown? That doesn’t seem possible.
To be honest I have no idea how they come to that calculation and I am an SP. The results in the PDF are taken off the UK site (there are 2 sites a UK version and US version). The UK version for some reason has more information on it.
I do know that Zulu doesnt use a high water mark to calculate the ratings or the results. They use a running total which is why I did the 1 month sample as its a realistic representation of what was gained or lost last month.
I did log on to live support and asked how the calculation was made and thisis what i was told:
Please wait for a site operator to respond.
You are now chatting with ‘yong’
you: Hello,
yong: Welcome to Zulutrade Online support service - my name is Yong, how may I assist you today?
yong: Hello Sir
you: I am looking at the performance page at the #1 provider can you tell me
you: Its says that over the last m,onth the max draw down is 1,506% how is that possible
yong: The Maximum Draw down is the difference between the worst negative mathematical sum of all open/floating position of this provider in certain moment in their trading history.
yong: And the Max DD is the total profit pips divided by the Total Max DD pips
yong: As you could see currently he has open positions with -23 pips loss, and the max DD is 352 pips
yong: So 352/23 is around 1506%
yong: On zulu performance, the current open floating positions will count into total profit as well
you: ok his current open float is -223
you: so how does that factor in’
yong: The total profit on performance is updated in every 4-6 hours, so at this moment, the system will count the current open positions Pnl together with the closed total Pnl as Total Profit
you: ok thank you
Dear tradetheladders,
thx a lot for providing your website, I will have a look asap.
I finally have the zulutrade platform ready, I set a lof ot 0.12 and my margin call o meter flies up to 70% more or less, is that normal ?
I know set a S/L of 50pips and a lot of 0.10 with a margin call o meter of 61.82%, I hope that works.
You can remove the URL of your website.
In relation to your trading during this months, what are your plans ? I read august is not that good…
Anyway I think I am the first live user you have, so god bless !!!
Will continue studying and see what happens next…
Regards,
Pete.
Hi Pete,
yes you are our first thanks for the trust we wont let you down.
regarding August trading we play it by ear traditionally low liquidty when Europe takes off makes it hard to trade, larger players can manipulate the market easier making it easier to defend options. So if we arent trading every day dont panic.
In looking at what you set. Currently you would be trading $1.20 a pip which is probably why the margin meter flew off the charts. Set it to .01 which I know is only $.10 cents a pip but lets build your equity first and play with the houses money.
If we have 4 open trades you are making $.40cents a pip. Thats $40.00 dollars or 4% a week to start if we get 100 pips.
On the opposite end if we lose 50pips on a trade thats only a 2% loss.
Patience=profit
I am thinking of starting a thread for followers since Zulu has no way of letting us communicate with followers. I know a couple people are demo with us as well and we thank you for that.
thanks
tradetheladders
Best of luck tradetheladders… here is my link at zulu…
Hello,
Pete can you please let us know when you have adjusted your margin. We are going to suspend trading untill we hear from you. Our method calls to spread the risk over 4 pairs. If we trade that way right now you will get a margin call as you would be trading at $4.00 a pip. I know we also have some demo followers and we apoligize for if this messes up your evaluation of our signals but real money is more important then demo and we strive to actually make money for our clients.
Our startegy this month was to get long AUD catch some swap on a test of 1.0800. As well a shorting EUR/AUD while trading Eur GBO against the dollar.
As you can see by the attached chart the long AUD is justified off our 4 hour chart and the signal. as well as EUR/AUD short and there were some good opportunities on GBP and EUR last night.
We are not making excuses for our losses and they have been small but we simply wont put more money at risk then we have to. Its a sure way to destroy someones account and one of the reasons why we are thinking of offering our own trade copy program. So that we can shut one person off if need be.
As always thanks for reading
hi Ladders. How long have you guys been doing this? Do you have any live history that can be verified such as a MyFxBook or anything of the likes? I am curious as to how long you guys have been trading this strategy with success and any history you can send our way. thanks.
yeah sure, give us some links :54::54:
We trade thru Alpari and are in the US, we cannot hook a live account to Zulu as they are not US based. We will be setting up an account on MyFXbook this week, to show what an average investor can attain with a small investment. We have been trading this method for 6 years individually.
You can see and watch the method in action live anytime you want thru our live trading room. We are just back from holiday and will start trading this week should a good opportunity present itself. Fulltime trading will resume in September (please see previous posts).
Hope that answers your question and we will post a link when we are ready on my fx but have been warned about spamming once for responding and dont want to do it agian. 
Thanks
tradetheladders
There are many SPs from USA - 1273 traders and 11422 live followers coming from there… Iguess you need to check with which broker will actually take you…i remember reading there are some restriction for US citizens.
So, you are saying you are not the tradetheladder existing on Zulutrade… I got confused a bit…
Hello Eddy,
Sorry about that yes we are the tradetheladders on Zulu trade.
As for rules for US rule.
Zulu makes their money as an IB in order to be an IB in the US you need to have a Series 3 and a series 34 license. Which incidently we are working on so we may offer mirror trading and managed accounts. We hope to have worked our way thru the CFTC requirements and red tape by the end of this year. We are on Zulu to verify our trading and gain exposure and are joining myfxbook for that as well. We hope to be the only traders on Zulu who are actually regulated by the CFTC.
Getting back to Zulu US citizens who want to trade live can only do so with a broker that is US based. Apparently Alpari does not meet the current requirements of the CFTC to be an approved broker.
Hope that all helps
Thank you for the detailed answer. I did not know you can be both trader and be registered by the CFTC…but should you get that this type of credibility is good to have.
as for the broker, you can always change to one that takes US citizens…alpari are good, but more or less spreads and executions tend to be within the same boundaries.
Hello tradetheladders,
sorry I have been out of this forum for some time I have been busy at work.
I reopened the platform days ago and I noticed a loss of $100. Maybe it’s me that I have a wrong setup, or just my broker that is cheating on me… I don’t follow every operation the way that it is conducted on your side and my side, but I will eventyally go into that kind of detail because I would like to sort this thing out…
Did you have the same kind of loss in the last months ? Or is it just my setup ?
Here are my settings for you:
Lots = 0.01
Max open Lots = No Limit
Max Open Trades = 4
Max Open Trades / Currency = No Limit
Reverse = OFF / disabled
Limit = 0
Stop = 50
Safe Stop = ON / Enabled
Thx for your feedback !!
Regards,
Pete.
from the way you described it you most probably got some negative high lot trade, my friend. what does your history tell you?
The best way to trade is to read/study and trade by your self . better then just follow . I know a lot of friends who lost a huge a mount of money by following others.
not really!!!
if you have limited time and or you cannot ever understand the concepts…all you end up is with looses and disapointment…in this case totally better off with zulutrade and copying traders’ orders 
My lot size is now 0.01 with tradetheladders, as of now.
for some reason I cannot visualize the history of earlier than september 2012 in the zulutrade version on my iPad, it could be possible that the lot size was bigger in august and then I downsized it in early september.
… actually i just checked my email and I was operating with a lot size of 0.1. and I lost 100USD in a month, more or less…
Can anybody suggest some good SP ? I also added GBP@USDzen.
Regards,
Pete.
Pete,
Your original lot size was to big should have been .01 not .10 this caused us to not be able to trade up to 4 pairs, which is what our startegy calls for.If we had traded 4 pairs at a time we could have blown your account out.
We tried to contact you in numerous ways, by posting a message on our Zulu page (please see attached screen shot an note message is dated 38 days ago) , a message here in the forum where you found us and finally tried to have Zulu customer support contact you. They said they could not contact you and that we needed to post a message on our page.
We then suspended trading untill we read your post that you were thinking of investing 5k this would have fit our risk model. We wrongly assumed you only deposited a portion of your risk capital,( 5k @ $1.00 per pip would have allowed for up to $5.00 total risk per trade so a risk of .10 would not have exceeded our recommendation). We took into account that you may have also not done this so we only traded 1 pair at a time.
When you did not respond we essentially decided to adjust our trades to take smaller profits rather then let them run. This was in addition to not taking upto 4 trades at a time so that we can maximize gains and let winners run longer. We traded one pair to protect as much of your capital as we could.
IE look at todays trades:
We took a sell AUD at 1.0500 and that is still going lower. We closed teh CAD trade to do this for a small 13 pip profit. That trade is currently worth 50 and as you can see in the charts neither showed a reason to close using our candle indicators. We also had a signal on NZD to short which is still going as well.
We are not making excuses for the losses or trying to use hind sight and post dated charts to explain them. We simply did the best we could to manage an account that was leveraged to high for our method. While still trying to run our trading business.
Perhaps we should have been more clear on our rules for trading if we were not we greatly apoligize ( which is of no consolation for a loss) but we are confident in our ability to trade proiftably and would hope you continue to trade with us.
While our gains may seem small relative to other providers our gains will be consitent. Using our MM startegy a simple $1000.00 account can be worth as much as $143,000 in a years time.
PLEASE NOTE WE SAID COULD BE IT IS NOT GUARANTEED.
TO CLARIFY OUR RULES:
We can take up to 4 positions at a time and recommend $1.00 per thousand max risk. This is then divided by 4 for a max risk of .02 to .025- per $1000.00 equity. Rather then risk more of your capital we simply traded 1 pair.
We agian apoligize but did everything we could to contact you and also suspended trading for a time being when we noticed it.
We do not iver trade and also do not pull the trigger to make money we also would never let a trades run to a negative 841 pips hoping that they can then turn around.
Thanks
attached are todays trade for your comparison.
tradetheladders
I have to agree with Eddy I spent thousands of dollars on educational seminars, systems, and magic indicators’. You name it I bought it. I blew out at least 9 accounts and lost almost 30k “trying to learn to trade” It wasn’t in one shot either. It was over a period of years. The last just 6 months ago, while under the careful direction of a very well known educator/mentor.
I learned my lesson. I am not a trader, I wont be a trader. I don’t have the time, patience, or discipline needed to trade. I do want to benefit from the markets. Zulu offers me that chance. You do need to do some research.
A few tips I have found to be useful. Don’t expect quick results unless you want high risk. The bigger the winning trades, the bigger the draw down. Use Zulu trade as an investment tool. If you invested in the DAX or Dow what type of results would you expect? You should expect those type of results with Zulu anything you manage to get above that is gravy on the meatloaf.
TTL I give you credit your last post is refreshing. Hard to find traders who care about the bottom line of the clients instead of their piece of the Zulu pie. I hope to follow you as soon as I can reload my discretionary account.
Good luck
