ZuluTrade Question

Beginner Questions
1

Hi,

I signed up for a demo account at ZuluTrade. I understood that I have two options:

  1. I pick my favorite signal provider. This signal provider will also place orders on behalf of my account (automated process).
  2. I place orders myself manually based on the signal provider that I like. The problem I see here is that I can copy his open trades, but maybe I am already too late to gain pips myself as well. (they don’t send notifications as soon as my signal provider places a new order.)
  3. Also would like to know if best would be to follow a signal provider who’s using a demo OR live account? (many of their top ranks run demo account.)

I am wondering how you guys tackle hings?

Many thanks,
Mike

2

Personally i dont really care if a provider has a live or demo , all i care is his performance , i’m doing advanced searches to find them , running weeks , max dd% and average pips are my favourite parameters.

3

Hi bigscud,

What would be in your eyes minimum running weeks, Drawdawn % and minimum average pips for a good performing signal provider?

Many thanks!

4

My personal formula is , running weeks > 30 , max dd % <= 20% and i’m looking for an average of > 50 pips . Have you found yourself a provider yet?

5

Thanks for this info. Yeah, I started with a few signal providers. Can’t say something about their performance, they only placed few orders for me so far.

You also look at % winning trades? If yes, which percentage you take?

Thanks!

6

I can suggest to try Tualatin, I recently add it with 0.05 std lot and 6 max open trades. This because open orders count as number of trades. He has DD of 300 pips, AVG pip trade of 25. Seems good.

7

mine is 12 trading weeks; min of 120 trades and dd of about 100 pips/lot used with no more than 15 pips per week per lot opened positions and most important max winning trades to be bigger than loosing :wink: use the advanced search to apply all of the settings :wink:

8

Yes , wining trades % is also important , i’m looking for below than 90% of winning trades , as those providers close to 100% winning tend to make huge drawdowns and i personally dont trust them. How is your trading going?

9

there is no robot, no man or a combination of the both that can produce a winning system over a long period of time!
actually at the moment I am testing a certain account with (SUREWIN88 …we have a discussion in a thread with Margert) you can visit and see the settings…other than that i am not trading anything else in specific …awaiting september with its volatility on the euro/usd …