I don’t remember if I said somewhere, but, after a suggestion by a reader I followed good good system from 19th to 28th november 2012.
I made two euro, but I disabled it immediately (but I left it on my unlimited demo account): it’s unacceptable to have four identical trades open for a week with a 500 pip drawdown just to make 20 – it’s gambling!
Raise the stakes and continue to bet on the same direction is a very common behavior on ZuluTrade, but I never saw a disaster like this:
THIRTY trades, almost identical, opened very close one to each other! A monstrous, epic all-in of over 9200 pips!
And, probably, due to the new ZuluTrade policy to give commissions to signals only if the have a positive monthly balance, those trades will be left in the wild until the beginning of march, otherwise the signal will lose the juicy rebates: in this case, with a lot of trades and hundreds of followers we are talking about thousands of di euro.
What’s better? Burn followers’ account, or renounce to 2-3000 euro of commissions?
January is over, let’s see how the signals I follow on ZuluTrade performed.
Signals that I follow live
FE – Trend Scalper made just two pips, I hoped better, but it’s a low risk strategy that should repay on long term.
BreakON, my signal, had, for two consecutive times, the rare double 180 pip stop loss, nullifying what I made in a month – I am very angry because I send it from a live account and I also follow it on my real account – I lost money twice. I hope in February…
Signals to watch
During February I will watch Signal Palyer. Looks safe, every evening places two pending orders that should follow the trend. I like this idea.Watch also TotalGrid, a grid system Made in Italy that had wonderful results in the last week! Be careful though, it’s a grid system, it can burn your account if you allocate too many lots. The programmer himself suggests to allocate 0.01 lot every $500.
Two weeks ago I announced BreakON, the ZuluTrade signal based on drcrck’s breakout strategy (about him: take a look to his two new creations: BreakIN and XITD Grid). How it was?
The graph speaks by itself:
The ZuluTrade graph insteas is less “awesome” like the myfxbook one, because the maximum drawdown on a trade marks a negative peak, probably they did this modification to deter risky trading strategies…
…but on my ZuluTrade control panel I see the “right” graph
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.