The first month exceeded expectations

My fourth week in forex trading was awesome, if I don’t consider that, due to the spread between AAAFx and FXDD, my reverse signals gave me a 30 euros loss instead making 10 euros.
So, I just disabled every signal that is using FXDD, probably I will open another one with FXDD to reduce slippage and those damages that spread can do.

 

The graph is still good, because I did not close that orphan trades… I hope in a recover…

You have to monitor reverse operations

I found a nice signal based on a “losing” MetaTrader 4 Expert Advisor. That “flawed” expert advisor makes orders that will fail 93% of the times and with a tight stop loss and big take profit, is losing a lot of money.
ZuluTrade has an option to reverse, and in this case it’s really appropriate: 7% of loss with tight take profit can be a profitable idea.

Unfortunately, as I discovered just now, the spread in buy/sell rates, did not let me meet the take profit point, giving me a 40 pips loss instead of the 15 pips profit. And I was there when I noticed that: it was on +13, but I was greedy and I did not close the position manually, I just waited to get the 2 extra pips.

If you want something done right, do it yourself

Last friday I was worried about 6 microlots of eur/usd that were opened against the trend.

Then monday morning it  was almost on par.
I did not miss the chance and I immediately changed the take profit values for the three positions. Even if I could end at +48 pips (about 7 euros), I saw that the situation was like in a rollercoaster; so I preferred to be safer than sorry and put crescent values, closing at 35 pips (about 5 euro).

 

If I didn’t close that position by myself, the signal would have close them at 7 pips each. Risking 80 euros to gain 5, is priceless…

ZuluTrade changes the Signal Provider’s compensation procedure

I just got an email from ZuluTrade: with immediate effect (but it is legal to unilaterally change the contract without notice?) Signal providers will get the money from the commission only if at the end of the month have a positive balance.
In theory this should discourage the bad SP, but in practice this will hit those “loser” SP with badly programmed expert advisor.
For example, I follow a SP with a win percentage of 7%. Just tell ZuluTrade to do the opposite, and that 7% of victory, is transformed into a stunning 93%!
Will they continue to send the signals without a financial incentive?
I doubt it…

What is the rollover

The other day I was worried about what would happen to hold a position open over the weekend.
I worried for nothing: on Monday, at the re-opening of the market, it was successful.
Since I wasn’t 100% sure that the broker didn’t take any commission, I went to see the statement.

AAAFX has a complicated formula to calculate the commission:

Swap = [lot size * (buying rate – selling rate)] / (365 * price)

What do this means? That for the weekend they took away 0.04 pips, not so much.