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ZuluTrade

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  #1 (permalink)
 mea109 
france
 
Experience: Beginner
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ZuluTrade - Forex Online Trading Systems. Autotrade Forex Signals by specialists, Forex Expert Advisors, Forex Robots plus Forex Rebate Introducing Broker Program.
ZuluTrade Analyzer

Anyone able to share his experience with this ?
I might consider it for "sleeping money" or for friends and family. What are the pros and cons and the fields you need to pay special care to limit risks ?

I'd be interested to hear from the client side's perspective as well as the "signals provider" side. The best ones seem to make a living out of it from their auto strategies.

The recommended broker to benefit at maximum from this device seems to be "AAA-FX" (only affiliated one). Is it worth it ?

Details welcomed.

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  #3 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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Dude, I lost 80K+ about 2 years ago.

Stay away stay away stay away!

There are so many issues it is unbelievable and they do not fix their own mistakes. I had signal providers putting in 'ghost orders' and all kinds of crap. They owed me about 12K from goof-ups by the end of the day and I got a couple in the range of 8.00, 192.00 and less...

That system will never work because they don't vet their signal providers either.

I think a better bet would be currensee.com and only stick to trade leaders that have tight correlation.

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  #4 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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Eduard Murton View Post
I am using zulutrade myself and am very satisfied. The platform is really amazing. There is a option where one can choose to follow some other follower performance – see they ROI analyzed, % wins and losses, worst/best trades, see the broker they are working with and be able to copy the settings of Signal Providers they follow. There are great options - automated, risk ranking, margin-call meter that I consider innovative.

As for currensee.com they seemed knowledgeable, but differentiate too much for my taste - I personally do not want to engage into stock or gold. Moreover, it is always better to learn how the system works with a demo, also 24/7 every day multilingual customer service is quite a must, especially if you are not a native English speaker.

Guys let's keep the thread clean and neat, should one wishes to introduce another platform, let's open his own thread. I joined this one to exchange strategies and ideas about ZuluTrade and would like to keep it this way.

Regards,
Eduard

Ok, here are my issues w/ Zulutrade.

Any idiot can pop on an EA and have at it. They do NO screening and if you look at total pips one on each signal provider you will see very few actually make money in the long run.

You do not get what the provider gets. You will have many orders 'disconnected' or 'shadow trades' which they canceled but your broker refused. Your broker will just 'disconnect' and voila, you lose money.

Most of those clown signal providers have 600 - 1000 pip stops with 5 pips take profit! So, yes, you can modify it to where you have tighter stops, but guess what.

I do believe they have a good concept, I tried, analyzed and vested probably 1,000 hours playing with it and I can tell you that the signal providers you use today will probably not be there the next time there is a big run. They have been around for quite a while and I don't see any of the guys I used from a couple years back still there. Funny how that works. I am sure they are still there, but they have different usernames! All that requires is a new email address!

So, if you want to trade all the FREE and paid EA's on the planet and have some dude from Russia collecting a check, then have at it.

Can you make money off zulutrade, YES!!! Can you lose money off Zulutrade!!! YES!!! And, my bet is on the 2nd one.

Zulutrade is not trading. It is gambling in my opinion.

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  #5 (permalink)
 mea109 
france
 
Experience: Beginner
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I gave it a go last thrusday and already closed the account.
ZuluTrade - Signal Provider Performance - Siorak

I tried it as a signal provider using Zulu/AAA-FX demo account therefore using their web interface.
My conclusion is that the web interface is the most awful I ever saw. You cannot set lot sizes therefore you need to place 1 lot orders one at a time... unfortunately, you have to let go 15 seconds between each order.
If you need to react quickly with numerous lots, it becomes such a useless nightmare and such a waste of time and money. Not reactive enough.

I know you can go the MT4 route but coming from NT, I just hate this platform. Piece of crap to me and I never understood why it is so "popular".

It is true most of the all-of-fame comes from reckless trading. The guys advertised most often blew 3 to 5 accounts before reaching the high ranks and earning clients. Which leads unarguably to the question of their integrity about being investment advisors in the long run.

Anyway, better off be a signal provider than a client by miles so you can run your virtual trades free of money and usurpate poor people No seriously, I just realised than if it's nailed with your own proprietary automatic trading it might be a viable option, but if it comes to discretionnary trading, your opponents are so desperate and tricky you might end up losing a lot of time if you don't do this as a full-time job. Some sure do this in a "professionnal" way and earn a excellent wager from it, but it must need a lot of dedication and not much honesty when selling mud to strangers.
Anyway, FXDD live + MT4 would be the choice for me, and Dukascopy to replicate trades.

It seems Zulu is considering porting its technology to futures and CFD ...but it's only talk and promises for now.

Collective2 is already offering the same concept for forex+futures+stocks with endorsement with the most reputable trading softwares (NT is there). However their commissions structure makes no sense to me : you have to "rent" your system, usually for small amounts of money and without any control on the volumes and returns your clients could make. For this only, Zulu seems much more viable about their commissions structure and how it can truely greet someone's labour.
You don't want to reveal your strategies for $1000-$10000 / month.

StrategyExchange lease futures trading systems ....but you have to sell them first to them. No-go...

Rent-A-Signal seem similar to Zulu, kind of like a less popular copy-cat ?

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  #6 (permalink)
 serac 
Arizona, USA
 
Experience: Intermediate
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Anyone have experience with Curensee?

They seem to be the most reputable of these types of companies (Zulu, Collective2). The whole concept is intriguing, and also pretty scary. Experiences?

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  #7 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
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serac View Post
Anyone have experience with Curensee?

They seem to be the most reputable of these types of companies (Zulu, Collective2). The whole concept is intriguing, and also pretty scary. Experiences?

I was almost a signal provider for them as I was in the top 10 for about 5 months. I gave up though as I couldn't work their requirements for trades and also the CFTC/NFA changes w/ Dodd/Frank screwed me up.

They seem to be having a lot of turnover on their signal providers lately... Be cautious.

Like someone said though, there should be separate threads, but I am thinking one thread for all of them wouldn't be a bad idea. Up to the OP.

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  #8 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Eduard Murton View Post



I believe you have some points quite mixed up here.

First, true that anyone can become a provider, but there are a lot of indicators that the system gives in order to show which one are worth and which one aren't to be followed. There are the ranking history, that takes into consideration - the maturity, for how long is the provider trading for, exposure - or risk appetite, drawdown - the deviation from the his original position, thus alleviating the user to think about all these factors. Moreover, there are indicators of reckless trading or best/worst trade; the other accounts opened with each provider(little bomb indicating when they have not done so great); email indications when the provider changes trading strategy; customer support 24/7 eeeevery day of t he week.Seriously what else a man can want. It doesn't need a finance degree to close a trade when it is going bad, before actually loosing all your money. You made it sound like the system is gambling ...well at least with it you know that you will actually win, whereas with gambling the probability is 50-50. - you either loose or you win. You seem like a manual trader, from the points that you mention, but please keep in mind that not eeeeverybody can actually afford to be or can be manual trader - and Zulutrade fills that gap, esp. in this situation.

Well, 2 things:

1. By your posts you are trying to convince yourself that this is a great thing and why you continue to 'trust' it.

2. You work for Zulutrade. I hope not...

I do not care to be convinced about Zulutrade. It is a shite service in my views and I have the lost $'s to prove it. I quantified and calculated about as well as anyone could I would think and at the end of the day, GOOD LUCK! It is a big gamble in my opinion, but so are so many things in life.

Don't mean to be harsh, but this service is a loser in my opinion and not even worth debating. GOOD CONCEPT!

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  #9 (permalink)
 Big Mike 
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@Eduard Murton, would you please clarify that you do work for Zulutrade or are associated with Zulutrade.

Mike

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  #10 (permalink)
327trader
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the best service out there for a trader to be successful and profitable
is EDUCATION and KNOWLEDGE.nothing compares to that.
read books,attend webinars and seminars and trust your own self.
get into the game by putting contracts yourself and not someone
you don;t know.
i have heard about zulu trade but i cannot trust anyone with my money...

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  #11 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Posts: 2,547 since Jun 2010
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Eduard Murton View Post
Thank you for the kind words. this is exactly what I am trying to do as well.

In my case though, I rather trust somebody more specialized with my money, than myself..I realize where my weak points are and no matter how much I read and educate myself, the gap will always be there. needless to say that the easiest and painless this gap is filled the better

Cheers.
Eduard.

I think you just seemed so PRO Zulutrade that you came off as a possible REP. There is a lot of that on Forums of course.

Per 'trusting' someone else. Well, I met a bunch of people through Skype etc. that are Zulutrade 'Professionals' and I can tell you that if you truly knew them that you wouldn't 'trust' them any longer.

Some of them are just dudes learning to trade on someone else's dollar like so many other money firms. The best investors and operators are those that have their own skin in the game.

I realize Zulu has 'trades own money' or whatever, but that could be penny per pip. Zulutrade is far from transparent and just mark my words. Those guys that are leading the pack today will not be leading the pack 1 year from now. Because they will be gone, blown the account, moved on and left investors in their wake. I wouldn't say all of them actually, but 99%. They will just log back in with a new username and start over. No risk for them to do so!

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  #12 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Posts: 2,547 since Jun 2010
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Eduard Murton View Post
My sincere apologies, my intentions were not to sound like a rep, I suppose I got too enthused about it, that gave the wrong impression.
You speak from experience and I cannot neglect that. I suppose you have used the system quite longer than me.
So far the way I can see it to try to capture and scoop why they are on the top before the dd comes, I suppose this is the whole magic in it I have noticed that system gives you the many accounts before each one has has and the little bomb indicating recklessness. This is enough info to consider to follow or not, I guess...

Most of those systems that they trade are regression systems for ranging markets. It could have changed as I haven't traded it in over a year as I stopped playing with it.

I do keep an eye on who is on top, who isn't.

I truly wish you luck to make money, but instead of spending time calculating who is/isn't good, you would be better off spending it on learning price action and some basic trading principals.

For instance, this journal is really really good and I suggest you follow this instead.


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 bluemele 
Honolulu, Hawaii
 
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Eduard Murton View Post
thanks bluemele for the info, I will read through it and enlighten myself.

one point for the regression models, little that I learned in my econometric classes, I know that no matter what model you create, the prediction power stays for the next 6 months, correct? So, maybe to this we can attribute the instability of the ranking and the overall general providers performance..what is your opinion?

Well, I think big moves tend to happen dependent upon volatility. I think 6 months is pretty safe, but who knows. Sometimes a big move will happen in May, then another in October, then another in January.

Too hard to predict, and I wouldn't place too much weight on a hard number like 6 months and also they all trade different timeframes so there are micro fundamentals at play.

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  #14 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Posts: 2,547 since Jun 2010
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Eduard Murton View Post
Ohh, no I definitely don't rely on the time frame it more somewhat as a limit. The big moves you mention are usually referred to the equity markets, isn't it? The Black Monday effect, the February effect, the Friday one, or a.k.a. the effect when people simply do not want to work and thus do not trade big volumes But does this refer to Forex?What do you think? IN my opinion, due to the insane high volatility fundamentals just stop to exist...

I think it all 'depends'.

I think currencies have their own magic, but I do believe they are also highly correlated at certain times to market fundamentals.

It all depends and unfortunately you don't know why or when. There is your typical fundamental and technical analysis that one can do.

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 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Eduard Murton View Post
Zulutrade reconsidered the ranking system - those who were last week number one now went downhill. Now it is more trustworthy and represents reality more clearly. What do you think guys?

You are right, they seem to be using maybe a sharpe ratio now or something, not sure. It is MUCH BETTER! I think they actually might start understanding trading/traders!!!

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  #16 (permalink)
fxfollower
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hey you guys,

I see the posts are really old, any of you still on zulutrade by any change?
Would be great to exchange experience with you, discuss traders, strategies, etc.

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  #17 (permalink)
fxfollower
Muntinlupa + Phillipines
 
 
Posts: 13 since Jan 2013
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Hello anybody here actually trading in any way - following or sending signals on zulutrade?

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