www.zulutrade.com

[solidrock]

Hey has anyone here used zulu trade with there forex account?

[DGlobal]

No, I haven't. Are they a broker or a signal service, or ???

[skyhit]

at zulutrade can sell signal too

[forexcz]

I have been experimenting with zulu quite a while now...

For those that dont know, zulutrade is an automated online forex system, where you pick up signal providers and follow their trades, something like letting them do the trading for you. They have a ranking system (that needs improvement) and based on that and also on the signal providers history (you can see everything, open orders, max drawdown, everything!), you pick the ones you like.
And that is the tricky part! To find a good signal provider is very difficult, but there are somethings you must look for and do and i did on my demo accounts (i opened at least 3)
1. Pick a signal provider that doesnt do a lot of scalping
2. Watch the open orders, as these are not taken into account on their ranking (doh)
3. Do not leave more than 2 open slots per signal provider, i actually leave max total open lots: only 2
4. Put custom stop: i usually set it around 100, but based on the history of the provider, this may change, but usually dont put more that 150
5. Dont get greedy if you see you are winning, cause if you risk too much, you will loose it all!
6. Check the margin meter to be less than 15%.

I hope the above helps to understand how this nice concept works. But as always, first open a demo account and experiment before you put real money.
I hope i helped, any comments are welcome
Thanks for reading!

[capbilly]

Any good signal providers i can add?

[forexcz]

you can experiment in your demo to see who best fills your needs. But always put a custom stop value and dont leave many open lots, else if the provider performs bad, you ll hit a margin call

[capbilly]

Ferrari and zynergy messed up in my demo
mayfair is performing good though...i will add more in a new demo i opened and will update my results
Thanks all for the info

[forexcz]

Update:
zulu seems to have changed their ranking system to include open positions
In time it will show how reliable it is now, compared to their previous method.
Will need to test it on my demo

[capbilly]

I have read in an other forum that some had problems about the orders not closing after the signal provider had closed it in his and also that sometimes their account gets disconnected from the platform...
Does anyone here know anything about this or has experienced the same issue?

[Mr.P]

No problems so far. I'm with them about half a year and it's smooth sailing.