I agree with you, surely a problem in the platform has occurred because there is no reason to open a position so big, ranking does not depend on equity but is based on amount of pips, so to me, that is a low DD of 20-30 pips, no problem. I never look at amount open by SP because that doesn’t influence my results. I have a fixed lot of 0.05 with it. You should consider pip not equity and position size. Position size is set by you in your account not by SP. I repeat that was surely an error because it has no sense. Do you agree with me?
If you’re trading then I agree if you’re following SPs then please use my settings.
Sean
Absolutely but I was talking about swissRE, and the error on her previuous trade as regard the amount. That does not influence her performance since they are so far so good. I am talking about amount of pip in non exotic currencies. I am following her for about ten days, I just to say, very consistent.
Trade guru is now ranked 24 lol after his recent screw up with NFP
but you have not seen a familiar pattern amongst these guys. why is it that they can make 10-15 pips profit and leave market after 1-3 hours, but sometimes they are stuck in the market for more than 1 week with trades gone horribly wrong e.g -400 pips and they refuse to close it because they are gambling and hoping the -400 becomes positive again. just look at the history of these providers and you will see for yourself. they are not consistent and they don’t stick to their trading plan. you will feel the sting sooner or later.
Droids performance on 3rd may:
BUY NZD/USD opened: 2012-05-03
Closed : 2012-06-20
[B]LOW: -548 !! pips[/B]
profit after holding (gambling) onto losing position for nearly 1 month = 7.7 pips
don’t you think this behaviour is out of ordinary for this provider? look at the ridiculous risk he took? what if that closed at -700 pip loss??? and this has actually happened to several providers and they have no more followers lol, no surprises there,
I can’t see -400 pips in any trades, the worst one is of -200 hedged with a +140 so not a disaster. Droid is good and very bad at the same time, but too danger for me… To avoid. SwissRE for now I am satisfied and go on with her (pretty girl in the photo LOL).
The only thing I can suggest is to wait and see.
look again at droids page like this one ZuluTrade - Signal Provider Performance - Droid, a few -600 trades lol. madness. wonder if they even use stop loss??
I was talking a about swissRE, but Droid is an old story to me, and don’t want to see it again
Guys - I’d like your help/comments on my new thread:
Right!!! - Now I’m ready to trade for Real…
Read more: 301 Moved Permanently
any other SP worth following?
Hi Eddy - Im now down to 1 trade max per SP otherwise they will hurt you.
Use my team - they’re good
Thanks Sean,
I will revise traders
Zulutraders,
How do you cope with the slippage?
It seems quite high and alot of the systems are scalping.
A couple of ticks would affect profitability quite a bit wouldn’t it?
The top trader has an average trade of 6 pips. Average slippage (according to ZUlu) is 2 pips. Add in spread which is quite high with zulu brokers, it does not leave much profit?
Also how do they copy the trades? Is there a delay when signals are sent? 1 pip when signal is sent & 1 pip when trade is opened. 1 pip when close signal is sent. 1 pip when trade is closed.( there would be if their signals were sent based on ticks)??
Also anyone trading with the Zulutrade broker AAAFX?
According to Zulu they have almost 0 slippage. But they have some shocking reviews when it comes time to withdraw funds and spread.
Hi Goldylox,
Im with Zulu and AAAfx - I dont look into slippage - it is what it is - I’ve looked at what the SP makes and what I make - I maybe down 2 pips occasionally but thats all - sometimes I make a few pips more than they do, ie the delay causes the position to improve.
As for AAAfx - seem ok though I’ve not withdrawn any funds as yet.
Hope you’re well,
Sean
I am also with aaafx and zulutrade. No problem with slippage so far, but nonetheless if markets go too violent, my broker has full return policy. No issue with withdrawals either, but I’m iusing an EU account so delays could be terms with the users banks side.
conserning slippage i have no idea which SP are you refering to:denganyouqianle (which is number one for example) has 0.00 pips…i guess it deppends on the broker of the SP as well. No delays in trades executions.
Mehmet looks good. swissRE is brand new and you can see’s making lots of losses like a newbie so be careful. i would only subscribe to ones who have been in the game for 1 year atleast and havent killed their reputation.
be warned about this guy: +Trade often ZuluTrade - Signal Provider Performance - + Trade often he may seem good in other accounts, but when his strategy blows up, he trys hiding it by opening more accounts lol. and he just responded to my comment by saying he does not use stop loss!
he is not the only one. maybe he hedges instead?..you kidding right -13634.9 pips in open position?
how much did you loose with him?
Thank God I wasnt involved with this nonsense lol. I used to follow one of his other accounts which was stable at the time, but didnt feel comfortable giving him 30 open trades! then i came across his nuked account and thought, forget this guy