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| Zulutrade anyone? https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=373 |
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| Author: | hanifsan [ Sun Mar 25, 2012 3:32 pm ] |
| Post subject: | Re: Zulutrade anyone? |
it's look quite more interesting discussing here.... There are many followers faced the bad experience when following the SP (Signal Provider) in zulu, but some of them got the good return. I tried to evaluate why these followers succeeded, and got some clue : 1. Only follow 1 SP that has long proven track record in consistent profit month by month. 2. Follow all the setting suggested by the SP as well, since the the SP has his 'own style' how to trade. 3. 'Margin call-o-meter' not >100%, some of it <50% 4. Increasing the lot step by step, when profit accumulated. 6. With the above setting to follow, their return >100% yearly (It's not bad, is it?) Some of them, follow > 3 SPs and succeeded also, the clue I've got : 1. They only choose the SP with different trading style, or maybe different pair. And have long run proven track record with consistent profit month by month. 2. The 'Margin Call-o-Meter' <100% 3. They follow the suggested setting by SP as well. 4. They also enjoy with 100% yearly return... Sometimes, there is a 'luck' to choose which is the good SP, not only determine by the rank, but there are several parameters should be evaluated before decided which is SP to follow... Of course, we always have to improve our trading skill for ourself, that's why we're here to learn and learn.... But if one of us to be follower in zulu, try to treat it as just to learn how to be a 'profit consistent trader' from the good SP, which is our objective for the future... |
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| Author: | musky [ Wed Apr 18, 2012 2:44 am ] |
| Post subject: | Re: Zulutrade anyone? |
Every time I sigh at these post about signal providers and my dog sighs too. Every time! Even he knows better. |
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| Author: | jboy [ Thu Apr 19, 2012 6:34 pm ] |
| Post subject: | Re: Zulutrade anyone? |
So gary and blahn, are you saying the FCC and Zulutrade equity curves are wrong? |
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| Author: | garyfritz [ Thu Apr 19, 2012 7:00 pm ] |
| Post subject: | Re: Zulutrade anyone? |
I don't know how they generate their equity curves. I just know that I extracted the trade listing from the website and built my own equity curve, and it didn't quite match the Zulutrade equity curve -- you can see that in my earlier post. It's possible I goofed but I don't think so. I don't think the differences are real significant, probably just short-term divergences. I suspect the overall equity curve -- which is what you care about -- is basically accurate. |
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| Author: | cuzgeorge [ Thu Apr 19, 2012 8:15 pm ] |
| Post subject: | Re: Zulutrade anyone? |
Hi all, my 2 cents here, i trade with the criminal out of dublin, ava, and markets from cyprus. both offer zulutrade, i tried on demo using them first with ava, then with markets about 6 months ago when started my forex escapde. i kept thinking i must be missing something, so i tried again on demo. spent hours to get the right settings and chose who to follow and what signals to follow. Broke my nuts, and there's a horrific sound (alert) that initially sounds like an alert, but slowly starts to sound like a fog horn or a woman's screams. naahh , did'nt like this and burnt through the demo money slowly but surely. Took time to select all settings and what currencies all with lots of diagrams and fancy calaculators to work all sorts of useless stuff . the dashboard looks funky, but thats it. really would'nt suggest this service to anyone. if you like this kinda thing, i also belong to currenssee. similar, but you have no control over whats going on apart from how much you want to invest. this month, my $8k has gained $13. Now you know why i'm here at Steve's place so i can learn to invest my own money instaed of getting robbed by others. if my deposits are lost, well i can do that myself , and i certainly don't need a crim's help to 'help' me lose or margin call my account. do the homework and spend the time to read and listen to Steve and what others on these forums say, then you'll have the best free advice you can get, from real , genuine people who have nothing to gain from you, but genuinely want to help. no-one can do everything for you so put some time into it, sharpen the pencil , pull out a smoke and a scotch, and watch the Maestro's do their thing here. OCCD is what i suffer from too! regards and hope my 20 cents helps the decisions. |
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| Author: | blahn [ Thu Apr 19, 2012 8:29 pm ] |
| Post subject: | Re: Zulutrade anyone? |
the risk factor isn't worth it. just look at fccs drawdowns. up to -200 pips just to get 10 to 15? even when he only runs down to -70 pips the risk is still 7 to 1. he has a great ea, but so did every other signal provider that made it to the top 10. after watching every one fail, even if it took over a year for it to happen, i'm a firm believer in controlling my own acct with my own trading. Sure, when all those top 10 providers were hot and their trades were perfect, gold showered down from the skies on all the followers. But how can one know when their eas will break, only to wake up one morning -5000 pips down? Perhaps a better way would be to take fccs trades, plot them on a graph, and start comparing indis until one can find his triggers. then make a similar ea with much better money management.. |
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| Author: | phantom [ Mon Apr 23, 2012 10:37 am ] |
| Post subject: | Re: Zulutrade anyone? |
Hello guys! I played with demo and decided to put real money in it so now i have a working live account. No real problems so far , i have had some losses but my providers managed to cover all of them and grow them. I'm very interested to see what will happen with my money in 3 months. |
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| Author: | jboy [ Mon Apr 23, 2012 8:09 pm ] |
| Post subject: | Re: Zulutrade anyone? |
phantom, which signals are you following? |
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| Author: | phantom [ Tue Apr 24, 2012 1:44 pm ] |
| Post subject: | Re: Zulutrade anyone? |
Currently I'm following Yamato FX and xiaofan222 , i'm thinking about bringing a third provider but i'm not sure yet. What are you following guys? |
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| Author: | jboy [ Tue Apr 24, 2012 8:45 pm ] |
| Post subject: | Re: Zulutrade anyone? |
So far, I'm not on Zulutrade. But if I was, I thought about using FCC's signals. |
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