How my real ZuluTrade accounts performed in April?
Quite good, I’ll say.
Main account: AAAFx
Tertiary accunt: AvaFX
This unlucky account (crazily high slippage, constant requotes, cancelled orders), this month was lucky, that negative peak happened when I enabled a provider that almost killed the account some time ago… experience does not teach anything, apparently.
Here we are at the second week of Megadroid and TopBot (for Megadroid actually is the third week, but during the first it didn’t do anything)
In these two weeks the dollar has continued to rise rather than fall. (I mean: EUR/USD is rising, so it’s the EUR that’s being stronger than USD)
The problem is that almost every signal that I’m following is selling, so is “betting” on its descent, causing huge losses …
What will do the dollar? Will rise again?
How were the first weeks of the year?
ap-zulu with its aggressive (but dangerous) strategy, recovered its losses and also the High Profit Factor ones.
Forex Cruise Control managed to almost recover and the other provider did the rest!
And for that “little” ZuluTrade blackout problem, everything ended fine.
The last weeks were useless, I complained on this blog.
Then, on Monday, the north korean leader died, signals operating in asian market times acted crazily, both Forex Cruise Control and High Profit Factor, went down a lot…
Why? In my opinion this is due to the new compensation policy of ZuluTrade: if the month ends in a loss, the provider won’t get commissions.
Since both providers made just 150 pips in December, closing the positions would have meant renounce to a lot of money to both… they preferred to keep them opened, betting on a raise.
Forex Cruise Control kept them open until today, closing in loss, but trying to end the month positively, opening other 5 position “outside the usual” (so my account did not open them, due to the 3 positions limit that I gave); High Profit Factor kept them open for a while, closed them, and, even if the market had low liquidity, opened new positions and closed them in loss trying to recover the commissions!!!
In the end I lost 50 euro.
ZuluTrade, thanks for changing the policy. You say it’s to protect the followers, but it’s obvious that you just want to make more money,
For the third time in a row, this week had a draw.
Ap-zulu on monday did a lot of money, but tuesday lost the double he made.
Slowly the other providers recovered the situation, but there are two losing positions from Ap-zulu in loss, left open during the weekend. What will happen on monday?
Moreover, Christmas is coming, the trading volume will be lower than common time (so it will be better to not trade).
It was good that I did not trust the ap-zulu strategy (that is: continue to invest in the losing position until it goes high… it can lead to huge losses and even to the death of the account!), so by allowing only two positions I limited the damage.
This week was another useless week.
After a good start, Littlestar bought some dollars against the trend. I was scared, because all my signals were predicting the opposite, so I close them manually (bad action! It would have ended in profit!), losing 40 euro. Luckily the other signals had a good profit, so I did not close the week with a loss.
This week ended with a draw.
The beginning of the week was awesome, but wednesday the market started to act crazy, doing 100 pips spikes in a few minutes leading me to big losses.
I’m lucky that on monday and tuesday I had a big profit, so I did not lose any money…
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…