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ZuluTrade Výsledky preskúmania
ZuluTrade
www.zulutrade.com
Celkové skóre: 2.7 / 5
Celkom hlasov: 143
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88cefiro

Členom od Dec 05, 2009  19 príspevkov K (88cefiro) Aug 25 2010 at 09:18
here's a discussion I had with them recently regarding a profitable provider from whom i was only getting a small proportion of the trades. What really pisses me off is that they knowingly show you stats that you can NOT achieve, not might not or hypothetical trading disclaimer stuff. They litterally know its impossible to achieve the stats for that provider that their showing you. If zulu doesn't broadcast the trades how do they justify showing them in the stats, their showing you trades they never had.

info: Please wait for a site operator to respond.
info: You are now chatting with 'Itab'
Itab: Hello. My name is Itab . How may I assist you?
you: hi I got transfered to you before from rose and it dropped out, im enquiring about 'PROVIDERS NAME'
Itab: Can you let me know what your question is and see if I can help?
you: essentially I want to know why there's profitable trade stats appearing that seem to not exist
you: the sell trades don't action on any live accounts (no L next to them). they havent actioned on either my live or demo accounts.
Itab: there is a maximum limit of 30 trades (including pending, and canceled pending orders) per day for each signal provider, therefore a signal provider with an MT4 can open as many trades as he wishes but only the first 30 trades, that have been sent with an interval of 15 sec between each one, will be broadcasted
you: well how do I change that on my account? because without changing it your showing me stats that can not in any way be replicted (false advertising)
Itab: I will be right with you.
you: okay
Itab: We sincerely apologise, but this is a general policy that applies to all providers without the possibility of any exceptions
you: okay bye

markopolo

Členom od Jul 08, 2010  49 príspevkov markopolo Aug 25 2010 at 14:10
Im not a signal provider, so I dont know what problems a provider is facing. Im a live follower and my main concern is if what a provider does, will apply to my live account EXACTLY as in the provider's account. The quality of the providers is in fact a problem, but as I said, I think it can be dealt with by limiting the open positions to the provider and also adding a custom TP and SL (not in all cases though)
Now in the execution part:
There is slippage and slight signal execution, that is max 20seconds, with the broker I use. The biggest problem I have faced so far, is 1 trade was left open once, it was closed automatically by the system later though. I requested a refund for it and I got it. I believe this is cause because of the different broker the provider has from me.
Generally, I think that also brokers play a vital part in zulutrade. If you choose a bad broker, with high slippage and slow execution, you can loose everything really fast. You must admit though that zulutrade tries. The latest slippage chart is an interesting addition, as well as the calendar.
Again I dont know how zulu platform is for providers, I havent even connected my MT4 to zulu yet, though I will in the near future.

patel

Členom od Aug 23, 2010  2 príspevkov patel Aug 25 2010 at 16:18
WHOT IS ZULU TRADE

patel

Členom od Aug 23, 2010  2 príspevkov patel Aug 25 2010 at 16:19
MANSET AND VERIASEN OBJERVARSAN ZULU TRADE PLS DIT OK

deforex

Členom od Sep 09, 2010  9 príspevkov deforex Sep 15 2010 at 10:51
Try zulu with an AAAFX account. COMPLETELY different results!

tradercz

Členom od Oct 13, 2010  5 príspevkov tradercz Oct 13 2010 at 14:30
From all the 'autotrading' platforms I tried on this site, this seemed the most serious

stephanusR

Členom od Aug 20, 2009  216 príspevkov Stephanus Rensburg (stephanusR) Oct 17 2010 at 17:31 (upravené Oct 17 2010 at 17:36 )
stevetrade posted:
    If they put this forward as the premise for the business then that would be fair enough, however this is what they claim to be:

'What is ZuluTrade ?

ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)

There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it's completely FREE!*

ZuluTrade receives rebates from the brokers, for the trades generated and splits them with the experts that provide the advice. Check the performance results recommended by our experts here'

Now if it was to say

'ZuluTrade is a site full of dodgy chancers, sprinkled with a handful of decent traders. If you are prepared to spend ages sorting out the wheat from the chaff and have a degree in statistical analysis there is a small chance our highly flaky platform might convert some of those trades into one or two pip winners for you.'

That would be a fairer representation of the business model.


Take a signal provider and compare the draw-downs per trade to the gain. Pro-B5 is ranked at nr.2 or 3 but trades like a clown. He makes 9 winning trades in a row for 5 pips each only to wipe the entire gain with a 45 pip loss in the next trade.

stephanusR

Členom od Aug 20, 2009  216 príspevkov Stephanus Rensburg (stephanusR) Oct 17 2010 at 17:35 (upravené Oct 17 2010 at 17:37 )
deforex posted:
    Try zulu with an AAAFX account. COMPLETELY different results!

AAAFX is Zulu's own broking firm they own, thus with AAAFX your trades should execute. If you use zulutrade be sure to have aaafx execute the trades. They can more easily hedge the trades on currenex if there is enough followers for an account . With Alpari and others there is bound to be slippage and delays.

jagui

Členom od Nov 26, 2009  33 príspevkov jagui Oct 18 2010 at 22:07 (upravené Oct 18 2010 at 22:09 )
Zulu is the worst among the automation platforms.

The fact that they earn by adding a pip or more to the client spread, or by having the client trading in their own brokerage, tells it all => there is a HUGE CONFLICT OF INTEREST between clients on one side and zulu and signal providers on the other side.

The more trades done, the more zulu and the provider earn, while the client's best interest would be few trades.
When a HUGE CONFLICT OF INTEREST like this is simply detected, run as fast as you can and never look back.

Not enough, they only allow providers and clients to trade with a predefined list of brokers, of course they favor the brokers that pay them the biggest commissions as introducing broker => another conflict of interest.

To avoid conflict of interest, which is the conditio-sine-qua-non for choosing an automation platform, the automation platform have to:

1) charge a fixed monthly fee to the client, or a percentage of the generated profits => no conflict of interest, neutral about trading styles.
2) let the signal provider and the client trade with a broker of their choice, or, at the very least, let choose among a good list of brokers, not only the most introducing broker friendly.

So, if you take a deep look at the better known automation platforms (zulutrade, collective2, tradency, zipsignals, rent a signal, currensee, ...) you'll discover that zulu is the only one who fails at both point 1) and point 2).

So do yourself a favor and leave zulu to those newbies who only need to lose the first account or two to get more serious.

There's always something to improve
markopolo

Členom od Jul 08, 2010  49 príspevkov markopolo Oct 19 2010 at 10:13
I cant see your point here...conflict of interest between who? Zulu and the providers or zulu and the brokers? Zulu makes their commission whether you win or loose, same goes for providers and brokers...If you are clever enough, you can understand that if as a company, they have winning accounts its better for them because they will attract more and more instead of closing accounts and getting a bad reputation...
I mostly agree though on your second suggestion, one has to be very careful on which broker he will choose, it makes a big difference and I have a personal experience in this with zulu.
I dont know about you, but so far im rather satisfied from this service, I dont risk much and I dont expect huge profits though and I think this is the best way to treat the forex market in general.

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