ZuluTrade

sniper012

sniper012

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So I've been hearing about this site for a while one some other forums so I figured I would try out the demo and see what kind of results I got. I chose the #1 ranked signal provider on the site and this is how it's gone so far. You start with $50k in virtual dollars, first of all. Now this particular SP (signal provider) is named Lowestdd and he executed a long trade on eur/jpy at 6:54am on monday. As the position started to lose pips, Lowestdd started adding to the position. Now based on what I was looking at, he should never have been long on this pair in the first place, but he was, and he does have a 99% win percentage so what the hell do I know, right? So by the end of the first day, I was down over 200 pips but hey, it can happen to the best of us. The next day, while sitting on the first losing trade, which was still losing pips, he went long on gbp/usd and again, I have no idea what he was looking at to make him decide to go long on the pair. Long story short, we're still in the trade 3 days later and currently down -410.2 pips. Keep in mind that had the trade gone in his direction, he was only looking at making 11 pips. So let's see, risk over -400 pips (and counting) and the reward is possibly 11( actually 22 since we have 2 open positions) pips? I'm sure he'll hold on to this position, no matter how long it takes to turn around. If and when it does turn around and we get those 22 pips, we should all celebrate and praise this guru. But really, is this any way to trade?? Now we're only down -386.9 pips. He'll stay in the trade for the sake of keeping his win % high, but so far, this guy kinda sucks!!
 
yea.. probably.. but there are people can trade without stoploss and still wins at the end.. its all personal belief how you want to play with the market.
 
sniper012 said:
So I've been hearing about this site for a while one some other forums so I figured I would try out the demo and see what kind of results I got. I chose the #1 ranked signal provider on the site and this is how it's gone so far. You start with $50k in virtual dollars, first of all. Now this particular SP (signal provider) is named Lowestdd and he executed a long trade on eur/jpy at 6:54am on monday. As the position started to lose pips, Lowestdd started adding to the position. Now based on what I was looking at, he should never have been long on this pair in the first place, but he was, and he does have a 99% win percentage so what the hell do I know, right? So by the end of the first day, I was down over 200 pips but hey, it can happen to the best of us. The next day, while sitting on the first losing trade, which was still losing pips, he went long on gbp/usd and again, I have no idea what he was looking at to make him decide to go long on the pair. Long story short, we're still in the trade 3 days later and currently down -410.2 pips. Keep in mind that had the trade gone in his direction, he was only looking at making 11 pips. So let's see, risk over -400 pips (and counting) and the reward is possibly 11( actually 22 since we have 2 open positions) pips? I'm sure he'll hold on to this position, no matter how long it takes to turn around. If and when it does turn around and we get those 22 pips, we should all celebrate and praise this guru. But really, is this any way to trade?? Now we're only down -386.9 pips. He'll stay in the trade for the sake of keeping his win % high, but so far, this guy kinda sucks!!
Click to expand...

In my 10 years around I have yet to see one decent seller.These sites suck, let alone the signal provider.

Write your own reviews and testimonials and scam new traders is the agenda.:sneaky:
 
| Update Now
Summary: 2 open positions, 20 Mini lot(s), -655.9 pips, -$7,077.74

The above summary is copied and pasted directly from my Zulu demo account. 'nuff said!
 
If open positions aren't counted for it sure is easy to show massive gains. But that ain't the case...right?
 
everyonerich said:
yea.. probably.. but there are people can trade without stoploss and still wins at the end.. its all personal belief how you want to play with the market.
Click to expand...

I never could see the point of hanging on to a losing trade when you have to get it all back, in the end, to break even.

Lots of newer people do this and believe that that is the laid back way to do things. With a little bit of luck, they may come to their senses before hey lose the lot. It's a matter of time and some have more of that than others.
 
Had a peek at Zulutrade and to be fair Lowestdd does say:
43 Day(s) ago:
!!!!!!!!!!!!!!!!!!!!!!!!**********IMPORTANT MESSAGE**********!!!!!!!!!!!!!!!!!!!!!!!! Dear Subscribers, in order to *MAXIMIZE* your profits from my signals, please use the following settings: 1 MINI LOT for each $1250 of your deposit, allow me to perform only one trade at a time and please use *STOP LOSS* at 80 PIPS. With these settings you will keep your equity protected and you will experience full potential of my signals as well. Please don't forget to rate me as a signal provider according to your satisfaction! Thanks and happy trading!! - LowestDD
Click to expand...
 
99% win rate should have set off the alarm bells. These guys aren't about making money for their clients, it's about generating statistics to suck in people for their fees, despite the inevitable blow-up that will occur before long. I saw an EA a while back boasting 3 years of profits with a 100% success record, but if you take a look a the history, they were taking 7 pips profit on each trade with no stop loss, sometimes holding trades for over 6 months with huge drawdown. That isn't trading IMO and frankly it's a little difficult to sympathise with anyone who throws their cash at these rackets without performing some basic research.
 
Tru...that is what he "says" so why doesn't he follow his own rules? The point of ZuluTrade, if you were to ever open a live account, is to let the SP that you have chosen execute the trades for you. I like doing my own trading but I can't be up 24 hours a day. I figured this might be a nice way to make some extra pips, by piggybacking on the trades of these "professional traders". If you look at a lot of his trades, more often than not, he will take a 20-50 pip loss in order to eventually make a 9 pip gain. He may be a decent trader, all I'm saying is, do not be fooled by his alleged 99% accuracy. And by the way, this is where the trade is currently: | Update Now
Summary: 2 open positions, 20 Mini lot(s), -739.3 pips, -$7,959.48
askalas said:
Had a peek at Zulutrade and to be fair Lowestdd does say:
Click to expand...
 
I agree with you completely. If you look at "live followers", most are far from the performance of the provider. That is probably expected. I'm not sure if the charts reflect only performance of the providers signals or the combined signals from all providers followed.
Another interesting thing is that if there are successful signal providers they give away some of the details of their system such as timeframe, PT/SL (if any :) ) and currency pairs. Might be useful...
Like you, I find the whole concept interesting but as usual a period of demo is definitely required before going live.
 
sniper012 said:
So I've been hearing about this site for a while one some other forums so I figured I would try out the demo and see what kind of results I got. I chose the #1 ranked signal provider on the site and this is how it's gone so far. You start with $50k in virtual dollars, first of all. Now this particular SP (signal provider) is named Lowestdd and he executed a long trade on eur/jpy at 6:54am on monday. As the position started to lose pips, Lowestdd started adding to the position. Now based on what I was looking at, he should never have been long on this pair in the first place, but he was, and he does have a 99% win percentage so what the hell do I know, right? So by the end of the first day, I was down over 200 pips but hey, it can happen to the best of us. The next day, while sitting on the first losing trade, which was still losing pips, he went long on gbp/usd and again, I have no idea what he was looking at to make him decide to go long on the pair. Long story short, we're still in the trade 3 days later and currently down -410.2 pips. Keep in mind that had the trade gone in his direction, he was only looking at making 11 pips. So let's see, risk over -400 pips (and counting) and the reward is possibly 11( actually 22 since we have 2 open positions) pips? I'm sure he'll hold on to this position, no matter how long it takes to turn around. If and when it does turn around and we get those 22 pips, we should all celebrate and praise this guru. But really, is this any way to trade?? Now we're only down -386.9 pips. He'll stay in the trade for the sake of keeping his win % high, but so far, this guy kinda sucks!!
Click to expand...

you might want to check these out too... enjoy the trading

collective2.com
keyzer0.com
covestor.com
 
askalas said:
I agree with you completely. If you look at "live followers", most are far from the performance of the provider. That is probably expected. I'm not sure if the charts reflect only performance of the providers signals or the combined signals from all providers followed.
Click to expand...

You can subscribe to any number or signal providers, which would result in widely varying results.

Well I finally made it into the Top100 at 93 https://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=10263 signal provider stephanusR after 9 weeks of trading.
We will see how trading does next week, I average about 5 trades a day every day. Friday was a particularly good session, it increased my rating from 246 to 93. Made about 12 trades with only 1 loss of -1 pip, with very low drawdowns per trade of around -3 per trade. Some of the trades had a draw-down of 0 pips, nailed the Euro at the exact top for shorts.

Pro-B5 https://frankfx.zulutrade.com/TradeHistoryIndividual.aspx?pid=2763 , I have been watching for a while, his ranking isn't in the Top100 because he doesn't trade that often, but when he does trade the signals aren't to bad if one implements proper stop loss rules. Zulutrade is geared towards high volume signal providers, there is nothing inherently wrong with this, but it tends to give lower rankings to the more sedate steady signal providers like Pro-B5 who is choosing his signals very carefully so as not loose subscribers.
 
Last edited:
oildaytrader said:
most of these guys can't make a living from trading their own signals, so they need to sell signals.
Click to expand...

Yup that's it in a nutshell.

129007116129119261.jpg


Think we've got a new one here trying to set up shop:

http://www.trade2win.com/boards/psychology/88566-if-you-want-fail-trader-study-ta-5.html#post1067300
 
sniper012 said:
So I've been hearing about this site for a while one some other forums so I figured I would try out the demo and see what kind of results I got. I chose the #1 ranked signal provider on the site and this is how it's gone so far. You start with $50k in virtual dollars, first of all. Now this particular SP (signal provider) is named Lowestdd and he executed a long trade on eur/jpy at 6:54am on monday. As the position started to lose pips, Lowestdd started adding to the position. this guy kinda sucks!!
Click to expand...

I thought I would try out, and guess what I selected the TOP performer.

yesterday the guy was basically CHURNING eurjpy trades > did in total 14 trades . 100% winning > well done!!! majority of trades for profit of 10 pips!

TODAY _ all the profits wiped out!

basically the guy is churning and has over a million invested!
indeed the guy sucks
 
DionysusToast said:
99% profitable. The 1% blows your account.

Consider yourself lucky you didn't catch him on a winning streak.
Click to expand...

he he............. thats what the guy did today
yesterday he was 100%
ad with EY falling he kept adding and adding, risking 50 pips to make 10 pips!
 
Zulu, i think you heard enough.
I wonder if that guy claims to be 100% successful what in the hell hes doing selling signals?, anyone who can be 100% successful would be at hes private island at the pacific with a bunch of girls and hes wife so far, come on, those guys are overrated and overpaid.
To be successful at the markets depends on you, noone else.
 
fayalac said:
Zulu, i think you heard enough.
I wonder if that guy claims to be 100% successful what in the hell hes doing selling signals?, anyone who can be 100% successful would be at hes private island at the pacific with a bunch of girls and hes wife so far, come on, those guys are overrated and overpaid.
To be successful at the markets depends on you, noone else.
Click to expand...

Interesting > The Top Performer his ID is lowestdd, look at his trading history

on 16th April _ HE NEVER SHORTED the eurjpy, when the trend was down, all he did was BUY BUY and BUY, looking at his record, it was all WINNING positions! albeit lots of small pip gains

I was baffled..............., as to why the f*** he was no shorting!

well Look at his OPEN POSITIONS!

All losing positions on the 16th were never closed!
In his open position > his BIGGEST loser is -511 pips, though most of his targets are just 10 pips.

and this guy has $2 million under management.

What the **** are this traders playing at > all they are doing is CHURNING and making money on pip rebates
 
bhavin said:
Interesting > The Top Performer his ID is lowestdd, look at his trading history

on 16th April _ HE NEVER SHORTED the eurjpy, when the trend was down, all he did was BUY BUY and BUY, looking at his record, it was all WINNING positions! albeit lots of small pip gains

I was baffled..............., as to why the f*** he was no shorting!

well Look at his OPEN POSITIONS!

All losing positions on the 16th were never closed!
In his open position > his BIGGEST loser is -511 pips, though most of his targets are just 10 pips.

and this guy has $2 million under management.

What the **** are this traders playing at > all they are doing is CHURNING and making money on pip rebates
Click to expand...

Isn't it a scam site with cowboys and con artists?
 
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