Since ZuluTrade doesn’t offer a precise way to calculate the risk, but has just that “risk-o-meter” that doesn’t mean much, I coded a calculator. Choose how much of your equity you can lose in an unlucky day, and it will tell you what’s the right size for you.
The account statement is also available on Myfxbook, by clicking on the graph below:
How it works:
Every day the system makes 6 trades, only 3 at the same time, no hedging. The first trade has a large take profit, the second a less large, and the third is tight, to lock the profit. Each trade has a fixed stop loss at 35 pips, limiting your losses. At midnight all the trades are closed, in profit or not: I don’t like to keep them open for a long time.