I have never added him in my SP portfolio. I like to follow more conservative SP who are thinking their followers. However I have to admit that I was jealous for some of his trades.

Which broker and providers do you use? Usually its the broker that messes up, I had to change mine and it is much better since then!

I just had an interesting chat with Zulutrade live assistant about the way Zulu calculates the max DD.

This is the example they gave me:

'If at time 00:00 a Signal Provider has 5 open trades, 4 winning, 1 losing 5 pips, the DD is 5 pips.
If at time 01:00 you have 5 open trades, 1 winning, 4 losing 5, 10, 15 and 20 pips respectively, then DD is 50 (5+10+15+20) pips.
If at time 02:00 you have 5 winning trades, then your DD is zero.'

So the DD is only on open positions!

Then, I asked about the way they calculate the DD in % and here is the answer:

'This is calculated by dividing the Max DD (as described above) by the number of total pips won. So if Max DD pips is 348 and total pips won is 5683, then Max DD% will be 6% (348/5683 = 0.06).
This statistic indicates how much of his profit the Signal Provider has risked - e.g. if Max DD% is more than 100% that Signal Provider could have potentially lost more than what he has earned so far. The less it is, the less risky the Signal Provider can be considered.'

What do you think about it?

It seems to me that this system is better because it calculates the negative open positions as DD and does not wait until a position is closed.

rennydee posted:
What do you think about it?


I think they're incorrect. They should've count both closed position DD plus open position floating loss, the way myfxbook & zipsignals done it.

I wonder if their staff / programmers have knowledge in trading field. As one of their SP, only answers that seems 'knowledgeable' from their staff is Mariosv's answers. For company with revenue that big (my revenue times 100 more -above 100 followers- profitable SPs which I suspect have much more revenue than myself), I find it hard to believe that they can't hire a proper cust. support / development staff.

And the message system is too heavily moderated when it come to mentioning AAAFx or zulutrade, but they let bullying messages to followers (FOTW in example), spam (fxgoo spamming everywhere) a greenlight.