Problems for Liberty Reserve

For most people the name “Liberty Reserve” is not familiar, but I think that most of you saw it around: many brokers (especially untrusted ones) offer deposit/withdrawal on this service, and many EAs can be bought with this (especially scam/non-working ones).
It’s an electronic currency very popular in Easter Europe, because you can open an account giving very few data.
Since it’s almost anonymous, it’s most used for illegitimate purposes: pay hackers, buy stolen credit cards numbers
From a few days it doesn’t work anymore.
Krebs on Security writes that the owner has been arrested in Spain for money laundering and the website has been routed to a sinkhole.
Have you ever used it? Did you have some money on it?

Open an unlimited ZuluTrade demo account – updated 2013

Last year I wrote a guide about how to open an unlimited ZuluTrade demo.
The problem is that meanwhile the website had a redesign and it looks like it’s not possible anymore.
Instead, it’s still possible to open unlimited demos, to follow signals and try their strategies in long term. And it’s even easier! Here is how to do:
First of all you need a main demo account: open one through this link. This account will be the unlimited one, so choose the desidered equity and leverage. Insert a real email, because you have to receive an activation code.
Activate the account by clicking in the email you received and voilà, we are in our demo account, enabled and operating!
As you can see, it looks like it’s going to expire in 30 days. Now go to the “invite” tab, and copy the link that is in the email body
Now you have to logout from ZuluTrade, otherwise the next step will fail. I repeat: press “logout” on top right and exit the session.

Go to the link that you just copied, for example http://www.zulutrade.com/?ref=605436 and follow the same steps to open a new demo account. (If we used the same email to register the two demo accounts, a dropdown menu will appear, to switch between them.)

As you see, the second demo account will expire in 29 days.
Now, logout and login to the first demo account. When it will expire? Here it is:
The first demo account we opened has become unlimited!!!
Great, right?

ZuluTrade – April 2013

This month was awful: my choice to blindly trust FE signals was bad, they performed even worse than last month. This is the detail:

Signals that I recommend on a live account:

  • TotalGrid 2.0 +75 pip
    Actually, due to slippage, I got a negative result on my account, but I continue to have a positive opinion on it. (Brokers that support ZuluTrade, usually have high spreads and worse trading conditions)
This month I recommend only TotalGrid. In the beginning I was thinking that it was risky, but it doesn’t overtrade, and it’s using a correlated basket: if one pair is going bad, it’s compensated by the others.

Signals to watch, maybe in an unlimited demo account:

  • BreakON +7 pip
    Last month I changed the strategy, to risk less, but this month it traded just a little. If you wantIl mese scorso cambiato la strategia per rischiare di meno, solo che questo mese ha tradato pochissimo. If you want to follow it, use the lot calculator or set 0.01 lot for each $250.
  • Signal Palyer -46 pip
    WTF! Three negative months in a row, but it was so good! Also here a lot of slippage. I leave it enabled for a more month.
  • FE – Asys Trend Range -207 pip
  • FE – Euro Fibo -290 pip
  • FE – Trend Scalper -135 pip
Signals from FE lost too much – I leave them enabled: usually after a negative period, there is a positive one, right?