Zulu Trader - I'm a new signal provider

235 pips over 39 trades :slight_smile: - hopefully live on Zulu tomorrow as “Bettyboo” :slight_smile:

235 pips / by 39 trades = an average of 6.02 pips per trade. Wow!:56:

Sorry, don’t think I’ll be fighting for a front row seat so start without me, okay?

I must say that you have done a good performance over all :slight_smile:

Which pair have you used for trading ?

Hey d-pip… that includes losers too (thats how zulutrade works).

Let’s break this down again for the beginners:

Trade 1: +50 pips
Trade 2: -45 pips
Trade 3: +25 pips
Trade 4: -30 pips
Trade 5: +40 pips

Net = +8 pips avg/trade.

Doesn’t mean this trader has an 8 pip target per trade… just means his avg trade (including losers) is +8.

Simple.

Didn’t look at Zulu, just took the numbers posted by meseany, 235 pips over 39 trades = an average of 6.02 pips per trade, right?

Right… i’m just explaining to you that what that 6 pips per trade means.

From your comment, you didn’t quite understand it.

Here’s the example again…

Trade 1: +50 pips
Trade 2: -45 pips
Trade 3: +25 pips
Trade 4: -30 pips
Trade 5: +40 pips

Net = +8 pips avg/trade.

Am I targeting 8 pips per trade?

I know exactly what an average of 6.02 pip per trade means.

After taking 39 trades Bettyboo has earned 235 pips for an average of 6.02 pips per trade, right?

I have no idea how many pips Bettyboo is targeting, I know nothing about her trading method.

From your negative comment, i figured you knew BettyBoos trading style.

consistently winning is key not total pips.

avoiding unnecessary negativity and sarcasm is best practice - don’t even entertain it.

now some perspective.

someone targets 20 pips a trade 1:1 r/r (so stop is 20 too) and after x trades for the week manages to come on top just 1 pip for the whole week after almost equal wins and losses and cost of trades…

targeting 20 pips at the usual (but not so prudent)) 2% a trade means they came up 1pip/20pip * 2% for the week or 0.1%

after 42 weeks of doing this they are up 4.2% annual. Better than many hedge funds and only by coming up with +1 pip at the end of the whole week.

Now doing this and averaging +6 pips on positive trade outcomes is 6pips/20pips * 2% for the week is 0.6% for the week.

after 42 weeks of doing this that is 25.2% annual.

If u average 6 on 1 trade or on 2000 trades makes no difference. what matters is a positive average once u come up for air.

as long as that average is consistently more than say 2.5 (basically a number that covers ur costs per trade) u deserve a pat on the back.

If u get 2% for the week that is 84% annual. in order words if u average 20 pips u normally target in positive trade outcomes for the week, whether in 1 or 300 trades same difference.

2% exposure of course determined by setting contract sizes given current balance.

stay focused on the facts in the numbers, external opinions and comments go down with a pinch of salt.

think about the numbers and risk.

It’s not hard to get 20 pips and risk 2% getting.

It’s hard to trade all week and come out of it 20 pips on top and having used consistent risk:reward and money management on the way there.

if u stick to a system and not be too discretionary e.g always maintain predetermined risk/no. of contacts there’s a good chance u can do well.

6+ pips average as part of a consistent system is a win given the principle illustrated herein.

Just my 2 pips - take it or leave it :wink:

Ok smart ass lol - 334 pips since 30th May, just over 1 week - but of course you’re far better arent you :slight_smile:

Im under Zulu “Betty Boo”

Uptick Im happy with 334 pips in just over a week - just need to keep it up - not losing is the key :slight_smile:

334 pips since 30th May - will do me - Im sure Ive got my critics but hey ho… I tend to trade the EUR in the main - Ive been swing trading it recently - things can get pretty hot so its all about managing the trades whilst they are running - Ill take more of the same position or open in the opposite direction - which ever covers my exposure - thanks Dom :slight_smile:

dear bettyboo - you trade your style and do not listen to anybody, i believe it is best to hold small profits but stable.

Being able to maintain a level of consistent Profits is what any trader must be looking at. This holds good when we see that they may be considering to becoming a Full time trader or already are one.

and for a follower as well :slight_smile:

and for a follower as well :slight_smile:

Ranked at 3,517 at the mo - now at 338 pips since last Monday.

Silly me - I need to place at least 15 secs between trades else they will not signal through - will not do this again :slight_smile:

Annoyed because my actual account shows 368 pips but I placed some within 15 secs of each other - oh well - live n learn :slight_smile:

betty boo,

you need to have 15 sec time lag between trades?