View Full Version : Most Profitable Zulutrade.com Signal Providers
Admittedly, it's been a while, almost a year actually, since I've logged into ZuluTrade.com to see what's new there. I have to admit, they really have revamped their entire site making it much clearer and easier for we, the end users looking for Forex signals to use. They even allow for us to pick and choose the Signal Providers that we wish to be showed to other users, so I took about an hour and researched the hands down most profitable signal providers on ZuluTrade.com and selected them for Forex Forums users to see first and foremost when they visit forexforums.zulutrade.com, not the main site that has ALL SP's even the bad ones.
Some ZuluTrade.com improvements include the following:
Improved Equity Curve Graph
http://forexforums.com/forums/attachment.php?attachmentid=318&stc=1&d=1257958279
Visual Representation of System Drawdown
http://forexforums.com/forums/attachment.php?attachmentid=319&stc=1&d=1257958312
So instead of just seeing that there is a drawdown of -X pips, we can tell when these drawdowns occurred in relation to the pips gained in previous and future trades.
Finally, my favorite modification, allowing us to pick and choose the BEST signal providers to show other users on the main page as you can see in this screenshot:
http://forexforums.com/forums/attachment.php?attachmentid=320&stc=1&d=1257958598
CHECK OUT ZULUTRADE.com's BEST SIGNAL PROVIDERS (http://www.zulutrade.com)
You're about 15 on the list, I'll get to you ASAP.
Angelous
11-20-2009, 23:09
These improvements shine a whole new light on ZuluTrade.com for me. Just to let you know :tea:
Good job Mike, checking out your Zulu forum now, it may really end up helping us :)
Brian2MN
11-24-2009, 03:45
I've done a TON of research on the Zulu Trade providers, and I've come to a lot of the same conclusions as you have. Here are the conclusions I drew when analyzing the results of providers:
1) Search for providers based on low DD as your primary sorting tool
2) Decent average pips/trade. Keep in mind that Zulu Trade charges a $1 commission per mini-lot, so if you see a trade that went for 2 pips with a -50 drawdown, they basically drew you down 50 bucks at one point to only gain you $2, and then half of that went to Zulu Trade. Not good.....
I've done a great deal of statistical analysis, and my conclusion is that it's best to manage your risk through appropriate size multipliers rather than putting in a stop loss. For example, I found that usually if you put in an SL of 50 or so, you'll have way too high of a percentage of trades that the provider wound up having a decent win on but you lost because you stopped out. If you're going to roll with any given provider, I think you need to be willing to roll with their strategy entirely.
I was not real impressed with Zulu Trade at first, because the demo account only allows increments of ten in your lot/mini-lot sizing. However, you have full control with the real accounts all the way to 1/10th increments so you can mirror a provider even at a 0.1 mini-lot ratio.
I opened a real account to try it out about a week ago with only $1,250 to test the waters, and I went with 3 providers at a 0.1 mini-lot ratio and earned a $300 profit in my first week. So far I'm very pleased with the results......
One thing that I didn't see you mention Mike but I've noticed in the results is that some providers very frequently close one position and reopen the exact same position only minutes later, same currency pair and same direction. Makes me wonder if some people are closing winning trades in order to reopen the same trade. Good for their winning percentage, not good for your pip spread and commission costs.
<table style="text-align: center;" border="0"><tbody><tr bgcolor="darkgreen"><td><strong><span style="color: white;">Provider Name</span></strong></td><td><strong><span style="color: white;">Pips Earned</span></strong></td><td><strong><span style="color: white;">Money Earned</span></strong></td><td><strong><span style="color: white;">Max Drawdown</span></strong></td><td><strong><span style="color: white;">ROI</span></strong></td><td><strong><span style="color: white;">Winning %</span></strong></td><td><strong><span style="color: white;">Followers</span></strong></td><td><strong><span style="color: white;">Subscribe</span></strong></td></tr><tr><td></td><td>3107</td><td>$28,545.00</td><td>-134</td><td>57%</td><td><strong>98.7</strong></td><td><strong>1405</strong></td><td><a title="Zulu" href=""><strong>Follow </strong></a></td></tr><tr><td><a href="https://mo4forex.zulutrade.com/TradeHistoryIndividual.aspx?pid=4422"><strong>The Hunter</strong></a></td><td>593</td><td>$5,932.00</td><td><strong>-49</strong></td><td>12%</td><td>78</td><td>1325</td><td><a href=""><strong>Follow</strong></a></td></tr><tr><td><a href=""><strong>Cheetah</strong></a></td><td>9817</td><td>$98,090.00</td><td>-1680</td><td>196%</td><td>95.8</td><td>910</td><td><a href=""><strong>Follow</strong></a></td></tr></tbody></table>
One thing that I didn't see you mention Mike but I've noticed in the results is that some providers very frequently close one position and reopen the exact same position only minutes later, same currency pair and same direction. Makes me wonder if some people are closing winning trades in order to reopen the same trade. Good for their winning percentage, not good for your pip spread and commission costs.
Yes, this bothers the heck out of me. I'm almost certain some signal providers are trying to "scam" people by making us think their win percentage is better or some other reason.
The only thing that bothers me more is the fact that some SP's open the same trade more than once, some times 10 times in a row, just to make the same winning trade seem like 10 winning trades.
And what bothers me even more and I can't speak for the SP side of things, how SP's are allowed to change the amount of lots they use, some times up to 500 lots per trade. I know this won't affect we the end user much since we're allowed to change the amount of lots we use, but it results in trades earning the SP 100,000's of pips per trade!
This really throws off those of us who are trying to figure out if that SP is following a winning strategy or not when we see them gaining a million pips in a month.
Just unrealistic.
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forumrating
11-25-2009, 04:28
it would be important to pick signal providers who offer few trades but they offer more then 10-20 pips a trade wins, that would make the account grow big , in case of scalpers for sure there is going to be issue with draw down, as spreads would take away lot of money as said by brian
Okay, well, I'm new and wouldn't mind piggy backing on some pro's trades. But you make it seem like these pro's have more to gain by sugar coating their results. Can you give me assurances that there are some of these pro's that are honest and care about those who follow their signals?
I've done a TON of research on the Zulu Trade providers, and I've come to a lot of the same conclusions as you have. Here are the conclusions I drew when analyzing the results of providers:
1) Search for providers based on low DD as your primary sorting tool
2) Decent average pips/trade. Keep in mind that Zulu Trade charges a $1 commission per mini-lot, so if you see a trade that went for 2 pips with a -50 drawdown, they basically drew you down 50 bucks at one point to only gain you $2, and then half of that went to Zulu Trade. Not good.....
I've done a great deal of statistical analysis, and my conclusion is that it's best to manage your risk through appropriate size multipliers rather than putting in a stop loss. For example, I found that usually if you put in an SL of 50 or so, you'll have way too high of a percentage of trades that the provider wound up having a decent win on but you lost because you stopped out. If you're going to roll with any given provider, I think you need to be willing to roll with their strategy entirely.
I was not real impressed with Zulu Trade at first, because the demo account only allows increments of ten in your lot/mini-lot sizing. However, you have full control with the real accounts all the way to 1/10th increments so you can mirror a provider even at a 0.1 mini-lot ratio.
I opened a real account to try it out about a week ago with only $1,250 to test the waters, and I went with 3 providers at a 0.1 mini-lot ratio and earned a $300 profit in my first week. So far I'm very pleased with the results......
One thing that I didn't see you mention Mike but I've noticed in the results is that some providers very frequently close one position and reopen the exact same position only minutes later, same currency pair and same direction. Makes me wonder if some people are closing winning trades in order to reopen the same trade. Good for their winning percentage, not good for your pip spread and commission costs.
If you do not mind me querying, what signal providers do you follow there? Want to get it right the first time I try.
Nice graph DickP :) I picked some of the same signal providers for my list too :thumb:
Danke Mike, I have gained over $1000 in demo trading full lots just this week using a combination of those providers. :thumb:
ChartWizQ
11-29-2009, 07:16
Email I got two months ago.
Greetings,
A very short message here, presently RapidForex is ranked number one in ZuluTrade. This is a very good attestment but as the popularity increases, we may have to limit the number of PrecisionTypeA and Accura EAs sales. We want to safeguard our primary interest that is running of a managed fund.
Regards,
-Pasupathi-
RapidForex Private Funds & Automated Trading Solutions http://private.thefxcode.com
2 Short Months Later, -118,503 pips http://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=4025
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http://thefxcode.com/ Look at the site now.... :rofl:
I've done a TON of research on the Zulu Trade providers, and I've come to a lot of the same conclusions as you have. Here are the conclusions I drew when analyzing the results of providers:
1) Search for providers based on low DD as your primary sorting tool
2) Decent average pips/trade. Keep in mind that Zulu Trade charges a $1 commission per mini-lot, so if you see a trade that went for 2 pips with a -50 drawdown, they basically drew you down 50 bucks at one point to only gain you $2, and then half of that went to Zulu Trade. Not good.....
I've done a great deal of statistical analysis, and my conclusion is that it's best to manage your risk through appropriate size multipliers rather than putting in a stop loss. For example, I found that usually if you put in an SL of 50 or so, you'll have way too high of a percentage of trades that the provider wound up having a decent win on but you lost because you stopped out. If you're going to roll with any given provider, I think you need to be willing to roll with their strategy entirely.
I was not real impressed with Zulu Trade at first, because the demo account only allows increments of ten in your lot/mini-lot sizing. However, you have full control with the real accounts all the way to 1/10th increments so you can mirror a provider even at a 0.1 mini-lot ratio.
I opened a real account to try it out about a week ago with only $1,250 to test the waters, and I went with 3 providers at a 0.1 mini-lot ratio and earned a $300 profit in my first week. So far I'm very pleased with the results......
One thing that I didn't see you mention Mike but I've noticed in the results is that some providers very frequently close one position and reopen the exact same position only minutes later, same currency pair and same direction. Makes me wonder if some people are closing winning trades in order to reopen the same trade. Good for their winning percentage, not good for your pip spread and commission costs.
Were you following GFX at all? If so, did you have stops in place that shielded you from his mountainous loss last week? He had such sound methods in place, and I'm saddened to see this happen, but not surprised. Trying to be 100% right all the time comes at a cost. :twitch:
men, this is really something else, i was given $50000 to start at about 10.25 am, one sp, now am having $53170,, this is unbelieveable, can this be real? then am funding my account with Fxdd soon
Dropping WIN TRADE off of my list I think for the time being until he redeems himself :D
Brian2MN
12-05-2009, 15:29
yeah, had a tough week. Then again, so did everyone who was trading nearly exclusively GBP/USD last week. Kind of crazy how that one bounced up and down all week but looks like it pretty much closed the week at the same spot where it opened the week.
My philosophy is to pick providers I like and let them go w/o restriction (or a high setting like 12 max trades just to make sure they don't go completely crazy) at 0.1 mini lot. Let them go for a bit and if I like what I see from a provider I'll graduate them to 0.2 mini lot, 0.3, etc. Right now I have a handful of providers at 0.1 mini lot and a couple that I have up to 0.4 mini lot. The 0.1 providers are on probation.
That's a really good and wise approach Brian.
Remember everyone to check out the Zulu Trade Signals Forum (http://forexforums.com/forums/zulutrade-com-signals-forum/) where we get more into depth about the best Zulu signal providers to follow.
fxbroker
12-07-2009, 20:12
yeah, had a tough week. Then again, so did everyone who was trading nearly exclusively GBP/USD last week. Kind of crazy how that one bounced up and down all week but looks like it pretty much closed the week at the same spot where it opened the week.
My philosophy is to pick providers I like and let them go w/o restriction (or a high setting like 12 max trades just to make sure they don't go completely crazy) at 0.1 mini lot. Let them go for a bit and if I like what I see from a provider I'll graduate them to 0.2 mini lot, 0.3, etc. Right now I have a handful of providers at 0.1 mini lot and a couple that I have up to 0.4 mini lot. The 0.1 providers are on probation.
Are you trading live or demo? What are your settings for live mini accounts
Anyone trading live minis I need to see your settings. Where are you guys - DickP, Mike, Ubtx
I have been on setting account for mini live followers, without success
I am interested in knowing how people set up their mini accounts to be recieving trades from their
signal provider.
Brian2MN
12-08-2009, 04:15
fxbroker--are you a zulu provider? if so, which one?
fxbroker
12-08-2009, 08:36
yes I am my signal name is marketchaos.co.za
I trade standard account but my live followers with smaller account (minis) cannot trade my signals.
it has been horrible trying to set my own trade to conform with their own, or their own with mine.
anyone with any idea or no one is really trading live accounts here
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yeah, had a tough week. Then again, so did everyone who was trading nearly exclusively GBP/USD last week. Kind of crazy how that one bounced up and down all week but looks like it pretty much closed the week at the same spot where it opened the week.
My philosophy is to pick providers I like and let them go w/o restriction (or a high setting like 12 max trades just to make sure they don't go completely crazy) at 0.1 mini lot. Let them go for a bit and if I like what I see from a provider I'll graduate them to 0.2 mini lot, 0.3, etc. Right now I have a handful of providers at 0.1 mini lot and a couple that I have up to 0.4 mini lot. The 0.1 providers are on probation.
If you have a mini account e.g. $1000.00 with those settings, you are actually over trading your account
0.1 lot = 10%
0.2 lots = 20%
0.3 lots = 30%
0.4 lots = 40%
If you are following a provider who supplied signal at 0.1 lot for example, this means you risked $100 out of 1k. This is nuts if you get 4 of that a day, all floating losses you will tie down $400 of your capital not doing thing.
If you opt for 0.4 mini and and you have 4 trades, you account will have a margin call.
To trade mini successfully you got to trade say 1% of 1k. This how most people trading standard accounts trade. People only risk between 1 to 3% of trades, to avoid uneccessary stoploss by setting your stoploss to -100pips or more, if you know direction of trade.
The challenge is how do you
set your account or protect it so that not more than 1-3% is taken out to be trade by whoever is the signal provider. This is the question I seeking answer for.
Whatever % you apply now is wasteful, if the account is not mini and if the provider is not trading mini account. I know this course I have wasted almost 1 week to get this right.
Brian2MN
12-08-2009, 11:28
fxbroker--i do understand what you're saying about the risk. I have two providers who I really like and trust, so I have just those two at 0.4 mini lots. I have a handful of other providers too who I have all set to 0.1 mini and some of those may never get larger sizing from me due to the risks they take.
So far my strategy has been mainly in picking providers that aren't picking all the same currency pairs so I get some risk avoidance through that too. I know it can be risky to have larger sizing, and that's why I'm telling anyone who asks here that they should consider going only at 0.1 mini lot until they get an idea of how this system works. Right now my levels have been right about in tune with the risk I'm willing to take and I check my numbers constantly throughout the day. Definitely don't want to be high on the settings if someone isn't willing to keep an eye on the account.
fxbroker
12-08-2009, 14:16
fxbroker--i do understand what you're saying about the risk. I have two providers who I really like and trust, so I have just those two at 0.4 mini lots. I have a handful of other providers too who I have all set to 0.1 mini and some of those may never get larger sizing from me due to the risks they take.
So far my strategy has been mainly in picking providers that aren't picking all the same currency pairs so I get some risk avoidance through that too. I know it can be risky to have larger sizing, and that's why I'm telling anyone who asks here that they should consider going only at 0.1 mini lot until they get an idea of how this system works. Right now my levels have been right about in tune with the risk I'm willing to take and I check my numbers constantly throughout the day. Definitely don't want to be high on the settings if someone isn't willing to keep an eye on the account.
I think I got the problem fixed at last. Due to broker minimum lot size 0.1 for min, I think my idea of trading 1% of equity across board for different account holders won't work. I usually send trade in 1 standard lot 1000k which is .5% of 50k. But this doesn't fit as quity size dropped to $100
So I have to come down to start sending out trade in sizes of 0.10 is riduculously low, yet high risk for
some one with account of $100 in equity. Just trying to strike a balance between small account and
big accounts.
The Forex Trading Basics
Trading is probably as old as mankind itself. It's been there since man learned that he could trade his extra stone knife and five arrow heads for somebody else's nice warm fur blanket. These days we call it bartering, but it's the same process.
And these days we've gotten more sophisticated with our trading. Now we use something called money to stand in for the blankets and the knives, but we're still trading our ability to work and produce something useful in exchange for somebody else's goods that we want.
But now, trading is not only about goods or services, it has grown into something much more than that.
Now we're trading one region's money for another region's money because we've learned that their relative values can vary, sometimes significantly. The first enterprising souls to notice this were the world's first currency traders, taking their profits from the buying and selling of actual banknotes and coins.
But today the whole process has been formalized into what we call the Foreign Exchange (or Forex) market. And it has attracted a lot of action. Up to $3 trillion a day worth of action, in fact.
Forex trading simply involves the buying and/or selling of different foreign currencies in the global market. Many investors today don't consider it enough to have a portfolio stuffed only with bonds, mutual funds and stocks.
One of the strongest appeals of the Forex market is its 24-hour open door. On the world clock, a trading day starts in Sydney, Australia and steps from time zone to time zone around the world until it reaches New York city, the last market to open each day. And it does this five days a week, closing only on the weekend.
Almost every country has its own currency, but on the Forex market, it's mostly the so-called "major" currencies that are traded. These currencies are highly regarded because their issuing countries are politically and economically more stable than most other currencies (most of the time).
The major currencies that are traded in the FX market are the Euro, the British Pound, the Japanese Yen and the Swiss Franc, as well as the dollars of Canada, Australia and the USA.
Most people, when they first learn of Forex trading, find it all a bit strange. Typically, money is used to buy goods and services, not other types of money. However, it's not really all that hard to understand. Just think of traveling to another country. Once you arrive, you go to a currency exchange or a bank and trade your dollars or Euros to buy ringits or yen. Then when you return home, you do the same in reverse. Sometimes the value has changed between the two exchanges, and you make a small profit or lose a bit.
(/htt p://forex-tuto.blogspot.com/)
ThePrestige
01-17-2010, 22:50
"The Hunter" AUD/USD BUY 1 2010/01/07 00:30:150.92256 close 2010/01/07 00:45:38 0.9244838.30 .....GUESS WHAT my trade close at 2010/01/07 06:10:45 which was 6 hrs after the signal provider did with a substantial loss it should have closed with a profit. PLEASE BE VERY CAREFUL OF ZULUTRADE , their systems are ...not stable , I am running bigger losses than profit , purely because of their systems that keep messing up.
I have taken many hours to scour ZuluTrade.com for better signal providers and after going through hundreds, I have narrowed them down to a list I will be adding to my own basket of providers for test for rest of February. There is no guarantee these providers are going to pan out well in the future, but up until now, they assume strategies that do not force us to go below an acceptable stop loss level enough times to turn their "profitable strategies" into losing ones on our end, simply because we need to protect our capital with stop losses.
I was about to give up on Zulu but I got multiple "peeks" into real money accounts, users are earning 1000's of pips every month, so its prudent to try and learn how to do this myself.
http://www.zulutrade.com/Assets/Banners/zulutrade-logo-white-234-60.jpg (http://www.zulutrade.com)
The majority of Signal Providers on Zulu will enter trades that take them down 100's of pips, my new approach bars the allowance of any SP that takes trades below 100 pips on multiple occasions. Stuff happens, but if it happens too many times, it could wipe us all out even with stop losses in place. That is why I made the new list of SP's that aren't as aggressive and could more easily help us earn pips instead of give away our capital.
Please trade at your own risk on Zulu, always do your homework and set stop loss levels. Hope you all are successful :)
The Updated Zulu Signal Provider List (http://www.zulutrade.com)
I'm following a few new ones too, I lost ALOT lately on Lowest DD and Tranqilidad Carlos :mad2:
Please note people, the top Signal Providers are constantly changing. Zulu is far from a set it and forget it affair, if you risk real money, monitor Zulu like a hawk and make sure you set stop losses. If you didn't have a SP that shorted EUR this week drop him, very important, no reason to miss this weeks incredible downward slide for "expert" signal providers.
SpeciesFX
05-11-2010, 00:13
Or don't use Zulu at all :thumb:
you guys should use zulutrade..........i've made 8K closing this year !!!
you guys should use zulutrade..........i've made 8K closing this year !!!
good for you!!
how did you manage to do that? only from zulu-traders or froom manual as well.....
Share your profitable signal providers , i found another good one for my account recently , check the performance of the "saved fx" trader.
Share your profitable signal providers , i found another good one for my account recently , check the performance of the "saved fx" trader.
he seems ok, not impressed much though.
what do you think of ForexnPower, Panabas, Bose X, hanmaiwao10101, :blabla::blabla: maybe you can tell me how to follow them...
ForexAdvantage
01-17-2013, 02:48
When coming to Zulu, please pick signal providers as if you are picking stocks. Try to do careful analyses and use low volumes.
When coming to Zulu, please pick signal providers as if you are picking stocks. Try to do careful analyses and use low volumes.
that is totally correct the way you put it!
proftablity is a key factor in both. btw who are you following these days on zulutrade?
When coming to Zulu, please pick signal providers as if you are picking stocks. Try to do careful analyses and use low volumes.
that is totally correct the way you put it!
proftablity is a key factor in both. btw who are you following these days on zulutrade?
jean9953
03-06-2013, 15:17
myself i have put all my account on kama spot!!!!!
Man this guy is good!!!
hopefully you zuluguarded him..there was an issue with his EAs, as far as I remember reading .....though my advice will be find some other traders to add otherwise you will loose.
Hello guys, is this signal provider still kicking? except for him. do you have any other decent traders to share with me - old and new, doenst rreally matter as far as they are profitable.
Who knows man, I haven't looked at Zulu Trade in a year or more
pipMasterG
07-11-2013, 07:37
It changes from day to day
well of course they do!! as the trading go long so the ranking adjusts to their positive and negative trading results. Would be wierd to actually stay static, knowingly the market is quite volatile....talking forex here, not bonds ;)
hello all, long time haven't been here ;) any decent trader to suggest me?I am looking at all of them and they look pretty ..........ok. but I'm not really sure on how thing will evolve ......they usually end up into crashes...