Zulutrade

[forexrus 10]

Hello, does any one here have an experience with zulutrade? Like how can i choose a decent signal provider, or settings i should use etc?

Ive searched in their site for a guide, but there isnt anything...

thanks

[macdfx 10]

I suggest you read their FAQ page here: ZuluTrade - F.A.Q.

 

They should have a list of signal providers and their ROI on the site as well; it's up to you.

[forexrus 10]

Thanks for the reply!

Ive already gone through their FAQ page, but it doesnt explain many things about how their system works...

Like the ranking of the signal providers and what settings should be used?

Also hedging and scalping is allowed?

[supertrader 10]

Hi! A little late response, but i just discovered this forum

Hedging is allowed, depending on the broker you choose. Non-US brokers allow hedging. If you live outside the US you wont have a problem.

Scalping doesnt really work with zulutrade though...

[don_zauker 10]

Hello. I'm live with ZuluTrade and I wish to get in touch with other users to share winning strategies. To get my ZuluTrade Advanced Settings just drop an email to (Moderator: Please no email distribution, people can private message you - email address removed)

[Eleventrader 10]

Well, that's true nothing else to do

[supertrader 10]

With the recent performance of the No1 provider in followers, fly on the wall and the impact he may had in many accounts (leading them to losses or a margin call), Id like to recommend some settings for him:

2 max open positions and depending on the lot size you use, 1 lots per position. This way you can follow his strategy to keep the trades open until they reach positive. This provider does not use a safe stop value, which is quite risky, but I think he is in knowledge of the market he is trading (GBP/JPY pair only)

[lbj 10]

PT multistation trading platform also has a trading community (called BeTrade) but, unlike Zulu, the community is within the platform itself, where you can share signals, sell signals, search for frinds to follow based on trading criteria (market, performance history, instruments, etc), view other traders' performances, etc...

[blink 10]

With the recent performance of the No1 provider in followers, fly on the wall and the impact he may had in many accounts (leading them to losses or a margin call), Id like to recommend some settings for him:

2 max open positions and depending on the lot size you use, 1 lots per position. This way you can follow his strategy to keep the trades open until they reach positive. This provider does not use a safe stop value, which is quite risky, but I think he is in knowledge of the market he is trading (GBP/JPY pair only)

 

I dont think he is a good signal provider, I dont know why so many people follow him.

I suggest you look for a provider that sets a stop/limit, isnt obsessed with 100% winning trades and has a low DD.

There are much better providers out there, you just need to look for them

[max8ion 10]

PT multistation trading platform also has a trading community (called BeTrade) but, unlike Zulu, the community is within the platform itself, where you can share signals, sell signals, search for frinds to follow based on trading criteria (market, performance history, instruments, etc), view other traders' performances, etc...

 

That's quite interesting, i think it's worth trying

[supertrader 10]

Yeah but it is not web based, so you cant access it from anywhere...plus I dont understand how do they get paid?

[Peter B 10]

maybe you're right! But I think that we should work on your system! I did this: he took no tracer expert, optimize it, ran a test and picked up the indicators give accurate signals and is ready

[ForexHunter 10]

Yeah but it is not web based, so you cant access it from anywhere...plus I dont understand how do they get paid?

 

You can access it using a VPS or remote connection.

[TheBigMan 10]

Yeah but it is not web based, so you cant access it from anywhere...plus I dont understand how do they get paid?

 

They get paid by pips. I don't remember exactly how much. I think it was an 1/8 of a pip per 4 or something like that.

[supertrader 10]

Well I still find zulutrade much more user friendly. Plus the stats and performance of providers are very clearly presented so one can see exactly each providers trading trend.

Providers in zulu are also paid in pips/trade i think 0.4 or something. I dont know will have to look into both more.

[supertrader 10]

If you have a live account you should get the new desktop widget! Pretty useful real-time live account monitoring tool, without the need to be logged in the zulu page!

Also they changed their demo system and demos are fully customizable

[forexrus 10]

Thanks everyone for the info! I had to be away since I started this thread, but now that im back I hope I can learn more about trading with zulu!

[Mysticforex 13]

They get paid by pips. I don't remember exactly how much. I think it was an 1/8 of a pip per 4 or something like that.

 

The usual deal is 1/2 in, 1/2 out. Unless they do a huge amount of volume.

Then they could probably negotiate a better deal.

[supertrader 10]

Searching around other forex forums I found an interesting post on how to select good provider, I paste it here:

 

-look for providers that trade from a live account (green or blue $ next to their profile)

-DD in pips (not %) less than 2k pips or %DD less than 30%

-average pips/trade more than 20

-average trade time around 2-3hours but no less than 30mins

-trading more than 15weeks

-check which broker the provider is using compared to mine and look at the slippage charts.

-Monthly PnL (very important IMO).

 

Think its quite an interesting method

[forexrus 10]

I see some providers dont set a stop or limit...is it wise to put it myself? What do you think supertrader?

[supertrader 10]

Thats one problem I face with zulu too. I dont know, try various settings/providers on your demo to see

Personally I dont set a custom stop but I set a custom limit, but not with all providers.

Dont risk too much though

[forexrus 10]

Ok, I think now I get it! You allow small lots and trades each time for the providers, so you can have enough margin available and not hit a margin call, until the trades go green? At least thats what 2 providers I have on my demo do

[supertrader 10]

There are two ways to deal with this and benefit:

1. Only allow 1-2 max open positions and calculate how much margin you will need for this provider

2. Avoid providers that leave their trades open until they go green and use providers that set a S/L and trade from a live account (green $ next to their profile)

[forexrus 10]

Thank you, ill keep that in mind. So the blue and the green $ are different!

[supertrader 10]

Correct! The green $ means that he is trading from a live account, the blue one means that he is trading from a demo BUT he has a live account of his own connected to his provider and receiving signals