ShareFeatured Signal Providers
|
|
|
|
|
|
|
|
ZuluTrade Review Scores
 www.zulutrade.com |
|
| Overall Score: 5.0/10 | |
| Total Votes: 138 | |
|
||||||||||
Discussion
| Subscribe to this topic | Previous 1 .. 4 5 6 7 8 9 10 .. 20 Next |
|
Member Since Feb 17, 2011 8 posts
anacon
Feb 25 2011 at 11:11
Hi everyone,
I would like to let you know my experience with Zulutrade, where first I used the DEMO and then a REAL account. Well, if you use their DEMO, everything will be fine, so many trades, profitable of course, but just when you turn to REAL, everything changes. I tried to understand how they ranks their trades and I realiced the following issues. 1. AAAfx is their own broker, so take care with any information where AAAfx is involved. 2. They are managing the information in order to show only what they want. 3. Most of the signals they provide are just pips hunters looking for making trades and more trades with unlimited drawdowns. Of course these signals only works with DEMO accounts, nor REAL. I will explain all I know about Zulutrade just reviewing one of their systems called ZULUMASTER1. <a href='  ' target='_blank'><img src=''/></a>a. It was ranked in 3rd position just till I started to fight with one of the Zulutrade's paid promoters called PETDIM. He/she works in other forums, such as Forex-TSD, maybe also here..., let's see. b. Once I started to describe these issues that you will find below, Zulutrade ranked this signal to the position 267th, without any new single trade. Why? How is it possible that this signal wents from 3rd to 267th if it was having numbers like 2,681 followers, $1,855,662 total balance of live accounts, etc? c. Now, after some time from this fight with the paid promoter of Zulutrade, this signal is again in 4th position... will be that signal specially interesting for Zulutrade? d. Check the last account history pages of that signal. Is it possible? Of course it is, but when you see that ONLY in the last pages of 'some' signals, there are several trades with only profits and where there is not any single pip retracement in price..., it does not smell good, to be honest, it smells very very bad. Well, it is my opinion and my proofs, I was one client of Zulutrade and of course everyone can lose his money where he wants. Zulu is one of the leader ways for doing that. Cheers! Attachments:
|
|
|
Member Since Nov 22, 2010 107 posts
Renato Decarolis (rennydee)
Feb 25 2011 at 13:41
What I can tell you from my personal experience as signal provider of AGIRE-FX-ITALY-5 system, now in the ranking is n. 195, but it has happened to be around 300 or 400 position with no new trade closed, with just with open trades.
I have never understood the way it works. |
|
|
Member Since Jul 17, 2010 22 posts
ChinaHunter (chinahunter)
Feb 25 2011 at 14:56
This kind of cheating gimmick said, but ZuluTrade don't want to solve, ranking has lost impartiality, For once open a lot of the trades should be limited; Like Tradency,If you want to open the second postions must Waiting for 30 minutes.or the second and more postion is not calculated for performance.It is easy to solve in technology...
Mind+Method+Money= NOTHING IMPOSSIBLE |
|
|
Member Since Jul 08, 2010 49 posts
markopolo
Feb 28 2011 at 07:41
Its like you both say, the ranking does need improvement, in fact I dont really take it into account, the providers I use are not in the top 10, i ve already suggested how to pick good providers and I stick to this strategy myself. Also, I dont know if adding a 30min delay will solve this problem, the calculation formula just need to be changed...
A thing id also like to stress is that you must be careful with your available margin and do proper money management, its not always the providers fault if something goes bad...eg dont use mini lots in a $1000 account...i ve heard of cases using standard lots in $1000 accounts! |
|
|
|
Member Since Nov 22, 2010 107 posts
Renato Decarolis (rennydee)
Feb 28 2011 at 10:47
(edited Feb 28 2011 at 10:48 )
markopolo posted:
A thing id also like to stress is that you must be careful with your available margin and do proper money management, its not always the providers fault if something goes bad...eg dont use mini lots in a $1000 account...i ve heard of cases using standard lots in $1000 accounts! Absolutely right! That's why in my AGIRE-FX-ITALY-5 profile there is written: 'This should be the lot size according to your capital: 1.000 USD = 0.01 (micro lot); 10.000 USD = 0.1 (mini lot); 100.000 USD = 1 (standard lot) and so on.' |
|
|
|
Member Since Feb 17, 2011 8 posts
anacon
Feb 28 2011 at 11:40
I agree with you but in a general point of view, because in my opinion it is not possible to set your risk settings with Zulutrade. In my opinion they know perfectly it and they like it, because its business is like a CASINO, where they win regardless you lose your money.
It is not as simple as set your trading size to micro lots, mini lots or standard lots if your account is $1,000, $10,000 or $100,000. Nor to set your max lose in PIPs or any other calculation based on pips. Pips do not mean anything. What you have to note is the possible LOSE or PROFIT in USD, nor PIPs. You have to be able to know what you can lose for getting a profit in order to be able to decide. This is the most difficult thing to be understood before starting with Forex trading. But the worst is not this, the worst with Zulutrade is that they are not showing the information needed, because it is a CASINO. They show in the home page only the number of PIPs win for each system, but as you know, you can win so many PIPs and actually be losing your pants. PIP value depends on symbol as well as lot size, I mean, 1 pip trading EURUSD 1k is $0.1, but $10 if you are trading 100k, so if you are trading with one system 100k and lose 1 pip, but win 10 pips with a 1k system, actually you have +9 pips and -$9.90. Zulutrade shows the information just for helping you to lose your money quicklier, believe me, I experienced in my own pockets. Anyway I firmly believe in trading with these kinds of websites, of course nor Zulutrade, but Rentasignal by the moment, where I started to trade with Autotrading last week and maybe Tradency. I didn' know about them but they seems to offer a similar trading system than these ones. I don't like ZIPSIGNALS because you have to pay a monthly fee and it is an entry price that I will not pay for finding reasonable signal providers. I also tried Collective2 and I was not be able to connect them with MT4, that is the software I use from some years ago. |
|
|
|
Member Since Nov 22, 2010 107 posts
Renato Decarolis (rennydee)
Feb 28 2011 at 13:48
anacon posted: Pips do not mean anything. What you have to note is the possible LOSE or PROFIT in USD, nor PIPs. You're right. My AGIRE-FX-ITALY-POWER system is n. 7574 in Zulutrade ranking with a loss of 759 pips, but a gain in US dollar of 26.360! That's because I have a different lot size allocation according to each pair. Give a look here from the same MT4 platform I use on Zulutrade: http://www.myfxbook.com/members/rennydee/agire-fx-power/76128 |
|
|
|
Member Since Jul 08, 2010 49 posts
markopolo
Mar 01 2011 at 11:52
Uhm I hope you dont represent RAS or something
 Seriously now, forex IS like playing on the casino, you never know how the market will move. Only about 20% actually win and the secret of the success is good money management, so even with zulu or RAS or zip, if you cant manage your money, again you will loose |
|
|
Member Since Nov 22, 2009 31 posts
AussieTrader (michigansurveys)
Mar 01 2011 at 12:14
anacon,
One thing you may not realize is that your fight had nothing at all to zulumaster1 being moved from rank 3 to rank 267, and then moving back to rank 4. See, if a signal provider does not trade within 6 days it loses rank, when it starts trading again, the rank snaps back. I see it all of the time. Seek wisdom, aquire knowledge, find peace...... |
|
|
|
Member Since Jul 08, 2010 49 posts
markopolo
Mar 03 2011 at 13:17
I think he has a point...Saw it with fly on the wall when one day he was #18 the next he was lik #250 and when he started trading went back to #18. This has its goods and bads. Good is that you loose rank when you dont trade, bad is that you may do random, no strategy trades so you dont loose your ranking (provider wise).
|
| Subscribe to this topic | Previous 1 .. 4 5 6 7 8 9 10 .. 20 Next |
