ZuluTrade Provider Picks

After a number of my subscribers expressed interest in sharing their ZuluTrade Provider Picks I thought I’d help them out by creating this page where you can post your top picks below…

54 Responses to " ZuluTrade Provider Picks "

  1. Cam Forex Cam Forex says:
    November 26, 2010 at 8:41 pm

    Shahbaz, I’ve added your recommendation of “Only Sunday” to my providers list. He does indeed look healthy! I’ll let you know how it goes by the end of the week.

    Reply
  2. shahbaz says:
    November 27, 2010 at 2:09 pm

    Hi Cam,
    great to hear that…. “only Sunday” have really great features and it increasing its ranking in zulu week after week… if we look on its history then we know that this provider is specialized in currency trading bcuz he trade almost 10-15 currencies successfully…. and Cam, u have real live money account with zulu??? or just demo trading with zulutrade?

    Reply
  3. Cam Forex Cam Forex says:
    November 27, 2010 at 3:19 pm

    Live only. No demo at the moment.

    Reply
  4. shahbaz says:
    November 27, 2010 at 4:45 pm

    great… so tell me the providers name u r using for ur live account… so that i can set them also on my account…. and with how much amount u started live on zulu? and what lot size u r using? and also which broker u r using with zulu… :)

    Reply
  5. Cam Forex Cam Forex says:
    November 27, 2010 at 10:55 pm

    It’s still too early to give you any insights into ZuluTrade providers I’m using. I’ve spent the past few months following specific traders (not providers) and watching if they are making consistent gains or not. It wasn’t until a few weeks ago that I set up my live account (about $1000 USD) after feeling confident about the current providers. At present I’m following:

    SystemsFX Live (#1) – Max 3 Open Trades, 0.01 Lots
    Sunday Only – Max 10 Open Trades, 0.01 Lots

    I’ve also tried “Fly On The Wall” but soon realized that I needed significant capital to follow this provider as the DD can get rather large.

    I’m using AAAFx for a broker. I did use one of my Alpari accounts a year ago and found that it was easier to separate the ZuluTrade account to keep control of the DD.

    Reply
  6. shahbaz says:
    November 28, 2010 at 3:01 pm

    yeah its a good pattren to follow some good traders who make the best of from their SP… but how can u trade with system fx live, bcuz if it wins 3 trades of 50 pips then lose these pips in next trade bcuz its stop is 120-150 pips… and also it had 73% wining ratio… then how u manage ur trades with this provider??
    and Cam another question is that i wana open $1000 valued ECN account with fxopen… so if i trade on zulu with ECN account then what do u think their is a bit more success chance compared to normal mini or standard account??? and whats ur opinion about fxopen?? is it better for me to go live with them??

    Reply
  7. Cam Forex Cam Forex says:
    November 29, 2010 at 1:21 am

    Yeah, good point re management of SystemsFX Live. I may increase it to Max 5 open trades so I don’t miss the 90-150 pip winners which appear to cover the big losses.

    I’ve seen a number of traders have success with AAAFx, they are NDD and Regulated. I would open with them if poss over FX Open. My 2 cents.

    Reply
  8. shahbaz says:
    November 29, 2010 at 1:36 pm

    Cam,
    the last line i didn,t catch the thing what did u wana say? “i would open with them if poss over fxopen?”
    and next thing is how is the experience with “only sunday” first week trading in ur live account? how many pips u get?? tell me detail :) i have all wining trades with them on my demo account :)

    Reply
  9. shahbaz says:
    November 29, 2010 at 1:39 pm

    means its better for me to open with AAAfx and not with fxopen?? i also heard that their license of regulation is cancelled by FSC of Mauritius in may 2010… can u know anything about it?

    Reply
  10. Cam Forex Cam Forex says:
    November 30, 2010 at 3:46 am

    My last line said I’d open a live account with AAAfx over and above opening one with FXOpen.

    Only Sunday hit winners on every trade bar one breakeven. Nice. Not big pips though (150-170 pips all up… on quick calculation).

    Sorry, don’t know anything of the cancelled license.

    Reply
  11. shahbaz says:
    December 3, 2010 at 8:48 am

    Cam,
    i also agree to open $1000 valued account with AAAfx after reading some reviews on net… :) i will start my live account in last week of this month… any advise for me “Cam” :) and don’t u think Cam if u open 3 max positions with 0.1 lot size the it will pay u some good money, besides using micro lots??

    Reply
  12. Cam Forex Cam Forex says:
    December 3, 2010 at 8:25 pm

    Still testing the waters. I think SystemsFX is a longer term strategy. Last week it was down overall but close enough to breakeven not to raise alarm below. Only Sunday may be worth increasing risk on. If I can get 150 pips on 0.1 Lots this week it would be nice going.

    Reply
  13. shahbaz says:
    December 6, 2010 at 2:59 pm

    Cam,
    what happen with this week trades of only sunday?? is he open trades against the trend? or anything else?

    Reply
    • Cam Forex Cam Forex says:
      December 6, 2010 at 7:06 pm

      Not sure, he said they can take upto 3 days before closing so this I probably one if those occasions… Here’s hoping anyway.

      Reply
      • Cam Forex Cam Forex says:
        December 7, 2010 at 12:47 pm

        31.5 pips from Only Sunday this week. All trades closed out positive but very little gains… May be due to Non Farm Payroll on Friday which makes it harder to pick the direction perhaps???

        Reply
  14. shahbaz says:
    December 7, 2010 at 3:23 pm

    yeah :) all trades end up with wining but quite little pips… yeah it is due to non-farm payroll high impact report… i read review of forex mentor university, they also described that “The dollar has seen a dramatic end to its bullish path this past week, USDJPY suffering its biggest dive (2.2%) since May 20th. This is while USDCHF endured its worst decline (1.9%) since May 8th of last year.” so its mean u right that its harder to pick directions for trade… hope that there will be more pips next week :) and one more thing, any new SP which u think is in ur consideration now a days?

    Reply
  15. Garry says:
    December 13, 2010 at 4:45 am

    Hi Cam

    On your latest post for Pips4Idiots/PipLaser you mentioned that you were following a provider that had made 55 pips today and 10 – 200 per week. Care to elaborate. Was this “Only Sunday” that you and shahbaz have been talking about?

    Reply
  16. shahbaz says:
    December 14, 2010 at 1:55 pm

    HI CAm,
    55 pips for this week…… but the good thing is that very little drawdown at all… :) now Cam, r u using 0.1 lot size for this provider?? Another SP which seems interesting till yet is “canadian fx” with low DD and trade on USD/CAD…. and also have 100% accuracy….

    Reply
  17. Ray says:
    December 15, 2010 at 10:32 am

    Just found this thread.

    Hi Guys,

    Just some lessons I learned from using ZuluTrade since April…and losing about 5K to date with them from 2 accounts.

    ZuluTrade looks really attractive with thousands of signal providers making thousands of pips…but making money from ZuluTrade is tough. Everytime I think I have the right combination of signal providers and trading levels (lot sizes) I get smacked down with a big loss.

    If you look at the performance page you can see all the stats but how to screen them:

    1. Percentage of winning trades doesn’t mean anything, a trader could have 90% wins but has a win/lose ratio of 1:10 and you’ll still lose money. Eg. If out of 10 trades he makes 10 pips on 9 of them and loses 100 on just 1 trade your net result is 10 pips down. Add to that the high slippage on ZuluTrade of between 2 and 6 pips (depending on brokerage) you use and you’re in for some serious losses even if a signal provider has a 90% win rate.

    2. Slippage is really a killer. Compare your results to the signal providers and you’ll see the slippage. When I started with Zulu there was not slippage data but now there’s a chart that shows how much slippage you can expect from a signal provider with your brokerage. Look at the average pips per trade a SP (signal provider) makes. If he’s making 5 pips and your slippage with that provider is 3 pips then you’re going to be averaging just 2 pips per trade averaged out over time. The slippage is lowest when the signal provider is using an AAAFX demo account and you’re using an AAAFX trading account.

    AAAFX has the lowest slippage because it is essentially ZuluTrade. They are literally in the same building sharing the same tech support team. If you use AAAFX you won’t have to pay the 1 pip commission and you’ll experience lower slippage. I did notice something though. If you have metatrader running you’ll see the amount of tick data coming in in K at the lower right corner of the MT4 window. I could see as much as 4000K on FX Pro’s MT4 and other ECN broker’s feeds when AAAFX only streams about 1/4 to half the tick data. And this is with the MT4s setup identically. All market symbols are hidden and only the few charts begin traded are open. This way just the data you want comes through. Even then AAAFX has very little tick data. But to their credit I find their service to be good and they don’t seem to go after your Stop Losses like dishonest dealing desk brokerages.

    3. The comms from other brokerages is not worth it. If you’re using ZuluTrade with another brokerage you find that 1 pip comms really eats into your profits. You’re paying this 1 pip whether you win, lose or breakeven. So back to previous example. Provider averages 5 pips, slippage 3 pips and comms 1 pip, leaves you with 1 pip.

    So how do you calculate your profit. If a provider makes 500 pips a month and has a slippage of 3 plus 1 pip for comms and does 100 trades a month. His average is 5 pips per trade, minus 3 for slippage and minus 1 for comms, leaves 1 multiply by 100 and you’ll net 100 pips. So what appears to be a really attractive SP making 500 pips a month is gonna just make you 100 pips instead.

    4. More important than profit is the drawdown. Look at the Max DD pips. Lower the better. Calculate your lot sizes based on double the max drawdown. If they historically have 1K drawdown plan on 2K. Preferably have providers who have no more than a few hundred pips drawdown. If you have to plan for a 1K drawdown you have to use a small lot size, but if the provider exits after 50 pips you can plan on 50 pips being your risk factor. Eg. If you plan on risking 2% of your equity on each trade and that amounts to $50. Then with a 50 pip drawdown you could trade about 0.1 lot. However if the provider takes a 150 pip drawdown regularly you can only trade 0.03 of a lot. So if this 150 pip provider makes you 20 pips with a 0.03 lot trade, you’ve made $6. The 50 pip drawdown guy could make 10 pips a trade but at 0.1 lot you’re making $10 a trade. Your risk is $50 a trade with both providers but you’re making more from the provider with the smaller drawdown even though he’s making fewer pips. Use the win/lose ratio to calculate your potential profit and risk.

    5. The longer they’ve been doing this the better. Be very wary of the signal providers who are only a few weeks old and have thousands of pips. A signal provider won’t be publicly listed till he’s made 30 trades so many signal providers will make 50 or 100 trades right off the bat to get listed ASAP. However, you’ll see that many of these signal providers are able to trade with zero drawdown on the trade and usually incredible results so they jumpstart to hundreds if not thousands of pips within a week. Zero drawdown on a trade is impossible because of the spread, once a trade is opened there is at least a 2 or more pip drawdown. I know these are fake results but don’t know how they do it. Then the real trades start and they’re pretty much nowhere compared to their earlier results. So when you look at their trading statistics you have to exclude those opening trades. At the bottom of the chart you can click on the time period you want to see the SP’s results, so you can exclude those first trades.

    6. This could go on for quite a bit more but I’ll shorten it here. When searching for a signal provider start with those with low drawdowns. Click on the Max DD Pips heading and start with those. Then look at the chart, going from bottom left to top right is good. But also look at how long they have been a signal provider and examine every trade for the past several months to get a feel for how the SP trades. Click on the drawdown chart to see if there are big dips in account equity, a signal provider that doesn’t use stop losses can have a perfect chart till you look at their drawdowns. Look at the average pips per trade and how many trades they make and what the slippage between the SP and your brokerage is. You can then calculate what you can expect to make from this sig and also plan on double the drawdown when calculating the lot sizes and number of trades to allocate. Unless the SP is the kind that likes to open 5 to 10 trades all within a couple of minutes try to capture all their trades but use smaller lot sizes. Stop loss settings are a two edged sword. The SP could have a strategy of drawing down 150 pips before taking a stop loss and if you set a smaller stop loss you could stop out frequently, use smaller lot size. Preferably use a provider who doesn’t take big drawdowns to begin with. When trading, if a trade goes 30 pips against you, the criteria for which you opened that trade to begin with was probably wrong. To let it drop 150, 300, 500 pips hoping for a rebound is stupid. A lot of providers will risk a 300 pip drawdown only to exit with a 10 pip profit. Stay away from providers who open a lot of trades within a few minutes. They are just trying to max out on their comms from you.

    Could go on and on but that’s some of the lessons I’ve picked up along the way. Please share your own experiences.

    all best

    Reply
    • Cam Forex Cam Forex says:
      December 15, 2010 at 12:18 pm

      Thanks Ray, very succinct.

      Funnily enough I had gone through a similar process when picking my first providers… Unfortunately low dd providers who have been around for a while that trade often are rare as hems teeth.

      Checked out Big Ben… Looks good but could do with a bit of history behind him… Will consider adding him shortly.

      Reply
  18. Ray says:
    December 16, 2010 at 11:06 am

    AAAFX, ZuluTrade’s sister brokerage, just lowered their spreads.

    Just got an e-mail from AAAFX saying they lowered their spreads. I like AAAFX, MD seems to trade quite frequently on it and it seems to not mess around with triggering stop losses and such.

    Reply
  19. Ray says:
    December 18, 2010 at 2:49 pm

    Just a question:

    Has anyone made any money using ZuluTrade with real money a/c so far?

    I have not, although there were times when it seemed like it was going up but something or other would happen and wipe out a big chunk of the account. My account is pretty much done.

    I also have 2 other people whom I’ve introduced and both are wiped out, as in account closed with nothing left after almost total losses.

    I have no problem making money in the demo accounts which is why I emphasized real money a/c above.

    I’d like to hear success stories and do share how you did it cos I’d really like to be able to make ZuluTrade work.

    Reply
  20. Cam Forex Cam Forex says:
    December 18, 2010 at 5:19 pm

    Hi Ray,

    I can confirm that people do make money (I’ve seen accounts steadily grow of Forex Over Drive followers and my own account is growing now), but the trouble is keeping it. Becoming greedy or trying to win back as much as you lost is an easy way to break the bank. I think it really needs a “slowly slowly” approach, testing providers on live and making sure the results match the expectations, then gradually increasing risk while keeping a careful eye on your drawdown.

    Just looking at a nice curve or 100% win rate isn’t enough.

    Reply
  21. shahbaz says:
    December 19, 2010 at 9:25 am

    Hi Cam,
    great confirmation Cam ;) now tell me any other provider u r using along with “only sunday” and “system fx live”? or u r considering for live ? Did u checked “BigBen” and “breakout strategy”? what is ur opinion on it??

    Reply
    • Cam Forex Cam Forex says:
      December 19, 2010 at 12:06 pm

      I’m starting to close up shop for the holiday’s, so not looking to add any new providers until the new year.

      Big Ben and Breakout both look like ones I would seriously consider next year… But in the meantime I just need to see how his drawdown plays out this week and how that fits in with my other providers.

      Reply
  22. shahbaz says:
    December 19, 2010 at 2:16 pm

    haha… ok close ur forex store and open it on next year… :) cheers… and happy chrismis…. enjoy holiday season…. :)

    Reply
  23. Ray says:
    December 20, 2010 at 8:00 am

    Happy Holidays everyone. ;)

    Reply
  24. shahbaz says:
    December 21, 2010 at 2:46 pm

    Cam,
    what happened to only sunday? Did he trade on wrong time just before chrismis… the DD gets higher and trades still open… have u closed ur trades or u just not traded this week bcuz of holidays?

    Reply
    • Cam Forex Cam Forex says:
      December 21, 2010 at 5:35 pm

      Still have 3 trade open, two at almost 100 pips dd and the other about 15. I’ll see where they are at tomorrow and make a call as to weather I keep them active.

      Reply
    • Cam Forex Cam Forex says:
      December 22, 2010 at 9:20 pm

      Ended up closing out 3 Only Sunday trades

      Reply
      • Cam Forex Cam Forex says:
        December 22, 2010 at 9:23 pm

        With no idea of SL it’s hard to feel confident in the strategy or to leave the trades open over the holiday period. Only saving grace was that I reduced the risk due to it being last week of the trading year.

        Not the Christmas present I was hoping for!!

        Reply
  25. Ray says:
    December 21, 2010 at 8:04 pm

    My account was on its last legs. I only allowed 2 open trades from Only Sunday. It triggered a margin call.

    This is my second zulutrade account driven into the ground. Don’t think I’ll be refunding it again.

    First was on forex.com, and thinking it was the inefficiency of using a non-related broker I switched to AAAFx. Well, It lasted a little longer but still died.

    Reply
  26. shahbaz says:
    December 23, 2010 at 9:29 am

    yeah, absolutely right Cam, i simply can’t understand why he opened trades on last week of trading year?? all we know that the market is so thin during chrismis holidays so it is better to stay out of market… and the most imp thing is that he trade without any stop…. so how much loss u bear Cam on this week by this SP???

    Reply
  27. Cam Forex Cam Forex says:
    December 23, 2010 at 11:16 am

    -450 pips!

    Reply
  28. Cam Forex says:
    January 4, 2011 at 2:04 am

    Shahbaz, I noticed that ZuluTrade sent a message during the week prior to my loss, saying that Only Sunday had made a fundamental change to their system.

    Very strange behavior and maybe why the results were so poor.

    Reply
  29. ExpertTrader says:
    January 7, 2011 at 6:18 pm

    Hello Readers,

    I have my own forum called – http://www.ultimateforexea.com – read all the info on my experience and the thought process that I have – in fact – u can join in to become members

    I have known zulutrade quite long before, but never use it until recently -

    I have setup 3 Signals using my Best Special Martingale EAs that have been backtested and forwardtested out of hundreds EA being developed.

    Read more info at – http://www.ultimateforexea.com/index.php?topic=35.0

    My Martingale EAs has some kind of Anti-Martingale Setting where it would save the account from MC. It has solid MM.

    Right now
    ExpertTrader2010-B Signal is Leading with nearly 30% gain in 5 weeks time (even though the calculation of zulutrade does not depict the actual performance) – http://tsrated.zulutrade.com/TradeHistoryIndividual.aspx?pid=33822
    ExpertTrader-D Signal is second with also nearly 30% gain in 5 weeks time – http://tsrated.zulutrade.com/TradeHistoryIndividual.aspx?pid=33826
    ExpertTrader2010-C Signal is the third having less than 20% gain but right now with DD about 30% but the Anti-Martingale has already kicked-in – http://tsrated.zulutrade.com/TradeHistoryIndividual.aspx?pid=33824

    Feel free to do your analysis – and strictly no obligation whatsoever to follow -

    Reply
  30. Craig says:
    January 9, 2011 at 9:28 pm

    Hi Cams,
    Just two things, is FxOpen live and demo the SAME?? I’ve heard some really good things about this broker.
    Hope you enjoying your holiday ;) as for me? I’m back at the grind stone this morning :(
    Cheers

    Reply
  31. Mike says:
    January 12, 2011 at 8:05 am

    Hi Cam,

    I didn’t see this page before….Zulutrade, where do I start….when would I finish??? I like the post Ray, that just about scratches the surface with Zulutrade :-) To answer your question I made money with Zulutrade;
    Month 1 = account doubled
    Month 2 = account halved
    I’m not kidding either, but in fairness I added to & wiped out some of the gains as I was occasionally manually trading under that account at the same time.

    I also use Zulutrade with AAAFX and would say that the number of consideration parameters I use outweigh those for my actual trading!

    Ray’s points are all sound I would also add that when I look for SP’s I have a preference for those on AAAFX as you ‘should’ get the same(ish) spread and less signal losses, trade copying even to the likes of Alpari UK can give some wild results during the European session.

    Even that is not nearly enough though, the number of missed signals is a joke every day I find open trades that haven’t closed and profits turn to losses.
    I get ‘phantom’ trades where orders that are cancelled don’t get cancelled and trigger, I used to find that a lot with SystemsFX Live.

    The thing is it is the platform and not the traders that is at fault, they are taking from all sides ‘commision free’ on AAAFX…erm check the profit difference to your providers on AAAFX its almost always about a pip.

    Their selling point is MORE brokers, NO minumum entry amount for users, the MOST traders.

    In teccy terms this is AAALLLL bad, information overload from all angles and its not properly checked and confirmed. No specific account funding means haphazard money management and the platform doesn’t offer a way to follow providers with variable lot sizing which is essential to risk based profitability under lots of systems. The traders are entirely unvetted and most don’t include any guidance on money management and are just testing their systems, after all if it blows up they can just start another id and carry on regardless.

    Btw only sunday is just gap trading which if you don’t trade manually already is undoubtedly the easiest ‘system’ to trade but I really wouldn’t bother you can even use the free gap ea and it couldn’t be any better or worse.

    This last month even “The Fly On the Wall” has produced 2 losing trades on my account which opened and closed correctly and I know because I watched them out, but on the Fly’s account…100% winning trades, one of these was only yesterday.

    Oh yeah and try their customer service muahahaha when you lose trades due to the platform, I’ve never heard such bs in my life I was refused a refund on a relatively large loss in November as “I had custom stops”, the fact that the stops were outside those of the SP’s as a safety net for WHEN not if the platform missed signals AND I use the platform’s safe settings AND I have the account set to monitor which also failed to trigger didn’t matter according to them.

    Oh yeah, have to tried to take any money out? You know how its free to put it in using that unheard of money transfer site they use…well you can’t take money out the same way, you have to pay 25 EUR or USD for a bank transfer.

    Now I’m not saying its yet another scam…oh wait yeah I am.

    I would move over to something else but the best platform is supposed to be Tradency and they work closely with Alpari under what is now the ‘Systematic’ platform for Alpari users and that link between the two sends shivers down my spine. Collective2 seems overpriced for what it is and the others seem to have far too few good traders at present…that’ll be why I still waste so much time with EAs then ;-)

    Reply
    • Cam Forex Cam Forex says:
      January 13, 2011 at 5:54 am

      Great post Mike. Although I am yet to experience any of the missed trade calls but I do know they happen as I can see this from a provider perspective.

      I stopped following Only Sunday last year and have noticed that Big Ben didn’t do very well over the holiday period.

      Reply
  32. Mike says:
    January 14, 2011 at 10:52 am

    Yup missed signals are a daily occurrence, I removed ‘Euro Yen Major’ this week because EVERY single trade they placed opened on my account and never closed. All of theirs were closed profitably and all of mine went into heavy drawdown and were closed out manually as ever the account monitor option on Zulutrade was as useful as a chocolate fireguard. No issues with the platform settings I was using for the provider and which broker are they on…AAAFX so there should be no excuses.

    Reply
  33. Garry says:
    January 16, 2011 at 3:11 am

    HiCam

    Am busy going through the providers with the lowest drawdown in absolute pips. Most rubbish and very new. Some worth keeping an eye on over the next few months – will keep you posted on these.

    My live trading took a wallop last year over Xmas, so closed down on the 12/17 this year and just starting to try and make sense of everything again now. Most robots and signal providers seem to have had similar results this year-end – see OVERDRIVE as the perfect example.

    Commenting on 2 ZuluTrader providers

    1) Big Ben – going to give this one another chance. Was doing very well up to mid-Dec, then tanked over Xmas. Will see what he delivers for the rest of the month before jumping in again, but the rest of his results look pretty good.

    2)Check out AFTAirEA for me. Only a 30% win ratio, but the drawdown, monthly P&L, average pips per trade, slippage etc all work for me.

    Reply
  34. Ray says:
    February 22, 2011 at 10:36 am

    I just took a peek at Only Sunday. What a dud.

    His trades before Nov 5th are doctored, don’t know how he does it but you can’t have 0 drawdown on a trade. The slippage immediately will be about 2 or 3 pips negative.

    Since then he’s made about 800 pips but currently has about 500 pips drawdown for a total of 274 pips since Nov 4th.

    Look for signal providers who have low drawdowns, take losses early and let their profits run and are responsible. I hate SPs who milk their subscribers by putting in a lot of trades few seconds apart.

    Reply
  35. Garry says:
    April 13, 2011 at 4:31 am

    Wow. Looks like everyone has pretty much given up on Zulutrade here. 1st post since Feb.

    I did what most people do – opened an account, picked the “POPULAR” signal providers and lost 65% of my investment in 3 weeks. However, took a long hard look at things, hunted the providers with the minimum absolute drawdown in pips, watched them for a while, tested them on demo and when satified added them live.
    My Margin call-o-meter never above 80% these days, and I add a provider, or give my existing ones a bit more cash to play with as they prove themselves and as the call-o-meter drops enough to accomodate them.

    Got going again the second half of Feb with the following results. :

    1) Currently following AftAffairEA, Big Ben, Zulumaster1 and FX-Goo
    2) March – 25.7% absolute return on capital employed
    April (1/4 to 12/4) – 19.4% ROC so far

    Since my low point on 19/2 with only 34.4% of my investment left, my providers have doubled that, leaving me currently on 67.22% of my original stake.

    Too early to say this will be successful long-term, but it looks promising.

    Also, I have not had a missed close signal so far, so no comment with regards to that. If I missed a signal it was the entire trade. Only haapened with 1 provider and that has been fixed.

    Conclusions

    It is possible to make money on Zulutrade, but it isn’t as easy as it looks. Careful of providers that open multiple trades within seconds. They get paid for the number of trades open, NOT the profit. If you must trade these, give them 1 or 2 trades maximum. If you feel the need to give them more open trades later – DONT. Rather give them another lot on the existing 1 or 2, or find another good provider to spread your risk.

    Happy hunting.

    You can make money on Z

    Reply
    • Cam Forex Cam Forex says:
      April 13, 2011 at 1:06 pm

      Still active but have been in a large draw down that I have just come out of after Fly On The Wall went south.

      It also look like Zulutrade have rejigged their ranking algorithm and FOTW is nowhere to be seen.

      Now I’m out of the dd, will take a look at the providers you mention and others to see if I can make back the deficit.

      Reply
  36. marko says:
    April 21, 2011 at 5:42 am

    Good blog, I read frequently!
    You can also use the alchemy to find good providers.
    Also I have noticed that the advanced search has been changed to include much more filters that can be used now!

    Reply
  37. Craig says:
    April 23, 2011 at 9:55 pm

    Garry, you been watched!
    Problem though is you have to KEEP watching in case your provider changes their mind! THEN you got crap

    Reply
  38. johnzulu says:
    April 28, 2011 at 2:56 am

    The new filters are very usefull especially Max DD pips and worst trade. We all should set these parameters.

    Reply
  39. Fede says:
    July 15, 2011 at 2:15 am

    The followings made 1500 pips last months on my account on Zulu, apart Forex OverDrive that was added just today. My margin call o meter is quite above 200% but I want to push a bit, after having lost almost all of my account during the first weeks on Zulu. I’ve been on Zulu since last December and I am losing 40% of my equity, but I am recovering quickly with this set. Zulu seems easy but it is a bit tricky.

    My humble opinion: avoid provider that open more than 6-8 trades in a row, avoid provider with 100% of success and avoid provider with less than 6 months of history.

    These are my boys:

    SystemsFX LIVE HighProfitFactor
    FOREXTECHNO – [EURUSD_LT]
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  40. alvis.prancans@gmail.com says:
    October 25, 2011 at 10:06 am

    Best of the best provider in zulu

    http://zulutrade.com/TradeHistoryIndividual.aspx?pid=64315

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