Recent content by InviertaBien

  1. I

    Menayfx on Zulutrade follow menayfxbroker

    Even if your are lucky and manage to close these 30 trades at break even or with a profit, I wouldn't follow you. Your strategy is just too risky: wait for the price to come back or have your account blown up. You might be lucky once or twice but eventually you are going to lose. We've seen that...
  2. I

    ZuluTrade

    If they do that they would be banning at least two thirds of the top traders. I don't think they're going to do that any time soon.
  3. I

    Menayfx on Zulutrade follow menayfxbroker

    Yes, unfortunately this is another provider without any sensible risk management. Floating loss is now above 4000 pips, and could very well get even higher...
  4. I

    ZuluTrade

    I had dd with several traders, like Aijaz and Data capital. I always use zuluguard and also configure other protection measures like sl and max orders. That helped to control dd but I still had a loss for the month. It wasn't too big though and I expect to recover in the following months.
  5. I

    Death, taxes and failed Zulutrade providers

    Some serious accusations indeed. But there's a lot of truth in them. Most traders at zulu use extremely risky systems, like unlimited grids, adding to losing positions, trading without stops or with very wide ones, disguised martingales... The system favors that because in effect most followers...
  6. I

    Automated Trading - Is there hope?

    Definitely there's more money in developing and selling EAs and signals than in using them. That's not to say that you can't find a profitable system. I think there are several commercial and even some free EA's that are profitable in the long term. The key words here are "long term", because...
  7. I

    ZuluTrade

    July was a tough month for me too. Some of the top signal providers I was following fell really hard, and some others entered into drawdown period. Looks like the market isn't giving clear signals. I have been working hard to have a reliable portfolio of signal providers, while at the same time...
  8. I

    Menayfx on Zulutrade follow menayfxbroker

    I don't think position 543 in zulu rank is bad. I have found several pretty good traders at that level, and many of the top zulu traders are in fact risky. However, there are several problems with this account. Too many open positions and a max drawdown of 6800 pips. You would need a very well...
Top