sweetcashmere,
you could not have said so much betterm what i am trying to ‘preach’ more than an year now.
wish more followers actually agree with your common scense. Unfortunately when there are still brokers that offer 1:3000 leverage, there would be still people believing they will make 1M dollars out of ten bucks within a year. How sad:20:
hello guys,
at the moment i am testing these providers: f8, Artem1584, for333, Hertcz and <[email protected]>y else worth following?
always good to advise :)
Hertcz is relatively new but he said he won’t use a stop of more than 100 pips and max three trades. I am assuming he uses 100 pips stop for each trade which is not reallu required as some stops may be lower or higher, depending on your technical analysis and your selected time frame. He used stops of over 100 pips in the past so I am not really sure about this one. Artem1584 has not stops and has over 16 trades open, best receipe for drying your account, very risky. GBP@USDzen uses not stops either and is currently incurring a loss of over 600 pips as a result, doesnt seem like a good risk management to me, are you following this guy? f8 is using 500 pips for each trade, even he enters EUR/USD in three different prices the stops are not equal. This means he just fancies 500 pips stops and has no clue what he is really doing from risk management perspective. As a result, he is holding a loss of over 1,000 pips, very bad. As for for333 I think he messing with his stops as well. I can see on a trade he was down 135 pips and closed it with a loss of 21 pips. Why? God knows lol The best SP’s in my opinion will not necessarily be at the top
MikeHeart,
thanks for the detailed answer…if more guys knew their stuff and write about in the forums, i would not have been in that mess…unfortunately,GBP@USDzen got me down with him, but now as i checked him, his position got positive, so i suppose he knows what he is doing, risky though. one he closed them i would deff disable him.
btw, maybe you can advise on some traders that are doing good in your eyes, with lesser risk though…
I am keeping an eye on Analyst EUR, he is using tight stops with small exposure. He is ranked in the top 10 but I followed him when he was much lower. All the rest either do not use a stop or use a relatively large one (some over 700 pips, instane). For some risky SP I am following black arrow and FX Profit Runner. They are risky but I am following to see whether they reduce their exposure over time.
thanks Mike !!! i will check them out !
have a nice weekend
there is always one problem with zulutrade is that there signal providers are not stable at all 1 off them can be at 1 position and then they just crash and burn taking with them your account
well this can happen, but as you know you not stuck to the providers , you can un-follow them all the time in order to move to the next good one. what can we do, forex markets are so volatile, drowdowns are hardly to be avoided.
Good day everyone,
We are a signal provider on Zulutrade since the back end of last year and as we said in our little greeting post in the “introduce yourself” section, we’re just happy to participate in conversations about signals platforms. It’s always good to see some feedback from both sides of the coin, and if we can help out the community of people who are really committed to actual trading rather than just aggregating pips to get rich quick then it’s all good.
We have a couple strategies on ZT, it does not take much of our time to maintain and zero expense so we’d like to see where that could go in a few months. It means that those signals reflect real trading activity with appropriate position and risk management, we’re not trying to exploit the flaws of the platform to maximize our following potential like most SP do. In any case opening multiples trades with no stop losses, no exit plan, and no edge other than that provided by narrow market conditions, hedging correlated pairs, and/or pure luck is an art in itself and we’re probably too used to proper trading to master it
Anyway we hope we can contribute, and good luck to all followers and providers .
P&F
hey there,
do you have any stats (preferably zulutrade) to check your strategies out…this would be better for us to comment 
Hello EDDY MO,
Well yeah we got EUReka III and EUReka V out.
Curves look admittedly quite rough but that will smooth out over time. Still early days, we’re not into glamorous pip aggregation, so just 1 or 2 max trades open and always max stop-loss (20pips for EUReka III, 50 pips for EUReka V).
We’re quite confident that we can achieve positive expectancy in the long-run and a better picture of true performance should start to show during Q2.
By then we’ll probably have linked a real money account so at least we’ll be able to avoid the few mistakes that were made so far due to ZT’s poorly designed platform.
I found out today that on zulu, you can search SP’s by clicking on the various parameters used to rank them, eg no. of pips or max. DD etc, when in advanced search, when you click on that parameter, the system will rank SP’s based on that.
I am finding my way round and I’ve been quite pleased to be up 140 pips already in 1 week. Let’s hope this is the year dreams come true.
you are talking about the advanced settings right…you can find some really good traders this way
who are you following? gimme us names
I also use the advanced search in zulutrade very offten , what parameters are you using the most when searching for providers obaasima? Which interesting signal providers have you found?
Well, I’m pleased 'cos I’ve moved to rank 2178 in a week, from like 17000 smthing.
Xiaolidao is one I’m watching and probably wanting to compete with, X has got 14 pips avg per trade, I’ve got 8 pips per trade. If I can overtake him, I’ll be chuffed.
I generally look at avg pip per trade and then I scan the history of trades to get a feel for the SP’s risk tolerance or should I say risk management.
Well, I’m pleased 'cos I’ve moved to rank 2178 in a week, from like 17000 smthing.
Xiaolidao is one I’m watching and probably wanting to compete with, X has got 14 pips avg per trade, I’ve got 8 pips per trade. If I can overtake him, I’ll be chuffed.
I generally look at avg pip per trade and then I scan the history of trades to get a feel for the SP’s risk tolerance or should I say risk management.
Read more: 301 Moved Permanently
the trades you SP that has closed today are kinda …not so good. bumper if you got the negative ones !!
how you have a back -up trader/s to spread the losses with
No, I don’t trade other people’s signals, only my own. I just watch what they r doing, that’s it.
As a trader, it’s good if you trust in your own system and stick to it.
Sometimes, it helps to look at what other traders are trading or what direction they’re speculating, and then that can make you more convinced about your own positions/predictions, or sometimes, it makes you go back to the drawing board and make sure that you are seeing the correct thing as far as your trading is concerned.
On Zulu, the advanced search option, what should I set it to and how effective is it? Also the ranking how does that work? weekly or round the clock?
well use it both ways, ranking and advanced search. i think its updated daily according to trading history. I have seen a trader to lose positions in matter of hours when it comes to dd and losimg positions. as for the how and what it calculates i think it takes quite a bunch of trading factors into consideration.