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Thread: Zulutrade.com Signal Provider Review: SURFING

      
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    Administrator Mike's Avatar
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    Thumbs up Zulutrade.com Signal Provider Review: SURFING

    Profit In Pips


    Drawdown Curve


    Quick Stats from last 30 Days
    Profit 321 pips
    Open positions -65 pips
    Balance 2,207$
    Trades 59
    Winning trades 57 (96.6%)
    Average pips/trade 5.4
    Average trade time 8.8 hours
    Maximum drawdown -65 pips
    Followers 665
    Has live followers Yes
    Ranking 1 (Top 5)
    Running weeks 30


    The Zulutrade.com signal provider known as "SURFING" has caught my attention as a profitable SP, but upon further review, it seems as if his/her strategy does not allow for cutting of small losses instead holds on to positions waiting for losers to turn into winners. Now, this is not all in all a bad thing, but some signal providers are concerned about winning percentage MORE than profitability.

    Regardless, "SURFING" is ranked #1 out of 1000's of providers as of November 13, 2009 over the last month.

  2. #2
    My Pips Are Growing
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    65pip drawdown isn't so bad compared to other Zulu Signal providers

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    Administrator Mike's Avatar
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    I agree. One of my previous favorites GFX had even less a drawdown before I reviewed him. Then last week, he proved us all wrong and turned a 100% win portfolio into a 6500 pip loss for us.

    But SURFING is still going strong. I'm still going to be following him until he

  4. #4
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    That drawdown is just unnacceptable.

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    Administrator Mike's Avatar
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    Surfing is still an interesting case. If you go to his page now, he has been doing quite well EXCEPT OPEN POSITIONS = -11,000 pips.

    Now, this immediately made me say, oh he's lost it. But I checked it out, and I think that if you do like I recommended and set a stop loss for him only of about -40 pip before trade is closed, you can still earn pips with him.

    Here's why I think this. In the past month, he has opened 19 trades that have not gone his way (to say the least) and is holding on to them. This doesn't have to be a deal breaker like we always thought. Imagine instead of -11,000 pips Open Positions, we take the same exact trades as him, but have no open positions and trade that -11,000 pips for -760pips from the same trades that we closed with our stop loss. That's over 10,000 pips saved!

    The trade off then becomes, he also has trades that resulted in wins, but only after going over 40 pip loss first. We now have to calculate how many these were, erase his gains for those particular trades and replace them with 40 pip losses, then subtract the 760 pips as well from the adjusted total pips.

    After thinking it might be the silver lining for Surfing, I find that just taking the last 30 days into account, he would have only made 735 pips total. With our 40 pip stop loss, not only are we wiping out all his gains from other trades JUST with the 19 open positions he currently has, we are tacking on at least 5 more trades that were winners (adding to the 735 total), but we would have had to exit because we institute that 40 pip S/L.



    So therefore, even though its a SOUND DECISION to institute stop loss levels on a logically thought out basis from SP to SP, with surfing at 40pips S/L, we are dead in the water. I invite more analysis on this topic, always open to others' interpretations.

    You can even get creative and start setting take profit levels for Signal Providers. You will miss huge gains, but let's face it, most of the SP's would prefer to get into 100 5 pip wins, than one 500 pip win. But an SP like surfing is interesting, never really gets over 15 pips on a consistent basis, I think once. I can appretiate the way he trades (except for holding on to losers), he is certainly monitoring the trades he gets into, resulting in the high/exit points are almost always the same (he hits exit after getting enough pips from scalp), while others may get you up 100 pips only to exit after giving back 50.

    Zulu is no longer a crap shoot in my opinion, in fact I see it as something completely customizable and open for better control on our part, you just have to do your research much like anything. I see too many of you making nice returns on there, yet some, losing money. DO NOT SET IT AND FORGET IT.

  6. #6
    My Pip Hand Is Weak GekkoFx's Avatar
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    Open positions -30,538 pips

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    oooRAH! USMC's Avatar
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    wow, surfing really fuking sucks!

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    Pips Are My Game FxFreedom's Avatar
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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    This could be the most useless signal provider on the entire net!

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    Pips Are My Game FxFreedom's Avatar
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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    Quote Originally Posted by GekkoFx View Post
    Open positions -30,538 pips
    How can you trade like that?!?

  10. #10
    Pippier Than Thou! TopTrader's Avatar
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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    ROI (since inception) -26.22%
    Worst Drawdown -53.98%
    Initial Balance($) 61851
    Open Positions -3552.9 pips

    Bravo

  11. #11
    Show Me The Money!
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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    Heyyyyyyy, great results you've got there!....We can still find you on zulutrade??

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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    well i guess he is on vacation already, but you can find me nicely pipping +890 pips this month
    today is my last day trading !! seee where it will close at.

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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    guys, do you have any decent trades for me to follow to recommend me?

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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    Quote Originally Posted by sofiefx View Post
    guys, do you have any decent trades for me to follow to recommend me?
    Sofie you might want to take a look at the saved fx zulutrade signal provider , excellent results fot the last 8 months , 8 months of profit and only in January he made 1.192 pips.

  15. #15
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    Default Re: Zulutrade.com Signal Provider Review: SURFING

    thanks for sharing!!!
    i will be bookmarking this guys, even though im with kama now, having back-up is always my priority !!

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