So what is so bad about Zulutrade? The idea — as I said before — is not bad at all. You put your money into a forex account and hook it up with a reliable signal provider which executes trades on your platform and brings to you good performance. Nothing wrong with that. The terrible dark secret of Zulutrade only comes out when you realize who the signal providers are, the insentives they have to do business and the way Zulutrade conducts its business in general. How does Zulutrade do its business? In fact, the company charges you a 1 pip comission per traded lot which is effectively going to hinder the profit of any profitable trading strategy. Add to that the fact that signal providers in Zulutrade also win in a trade by trade basis and you get a very strong insentive to trade as frequently as possible. Then we also have some very dark aspects of signal providers zulutrade their performance. Zulutrade allows its providers to execute their strategies on demo accounts with infinite capital, effectively making them avoid margin calls as long as they do not close positions in open draw down. What you get is very misleading performance which effectively makes it almost impossible to evaluate the potential of any of the trading strategies presented. Then we have the problem of track record. Your money is not being managed by a proffesional trader, it is managed by a trader who possibly knows as much or even less about forex trading than you, zulutrade a verified track record and without any type of certification. It is actually illegal in the US for any person to manage either more than 15 forex accounts or more than K USD whichever comes first without being a registered Commodity Trading Advisor CTA. Are any of the people managing accounts in Zulutrade CTAs? No, they actually are not, reason why Zulutrade could also be in direct violation of NFA regulations in practice, although they must have found a loophole to allow them to conduct their business as it is. The fact is that the oldest accounts at Zulutrade have less than a year of live trading results, something which is a gigantic RED FLAG. Why would you trust your money to someone who does not have a consistent and long record of profitability? It is also worth mentioning that Zulutrade has all intentions to make all its signal providers appear as profitable as it can, because it is a win-win situation for them. If you trade with ANY signal provider, they will get paid comission, either if you win or if you lose. So they metatrader do not have any reason to show you an honest and reliable track record, something which would be very different if their comission depended on actual account profitability. Add to that the fact that signals are also bound to be executed with a certain delay and your profitability is even MORE hindered. Do I know people who have used Zulutrade? Yes, actually several of them. Three people I met who have used Zulutrade got a margin call and zulutrade others are within a deep draw down. In the end, Zulutrade is nothing more than a company which hypes its own zulutrade providers who are traders without any certification or track record which is shown and third party verifiedtraders using stimulated to enter a lot of positions and they are not stimulated to generate profits since their comissions depend on the volume traded NOT on the profits made. If the people at Zulutrade were HONEST and they wanted to create a true reliable signal, managed account service, they would using collect comission from PROFITS and NOT on the amount of volume traded. It would be MUCH better for the customers since only good signal providers would be stimulated to stay and trading frequency would NOT be an issue which affected their overall profitability. Right now however- Zulutrade is a DEATH TRAP for traders- particularly new and inexperiencied ones which may be looking for an easy way to generate high profitability in forex trading. If you would like to learn more about my experience with forex trading and how you too can design and program your own systems to achieve long term profitability in the forex market with sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed metatrader article! Posted in ReviewsZulutrade Tags: Forex Quake, an Unbiased Review Reversing Strategies… It Almost Never Works! March 29, at 2: I got sucked into the Zulutrade hype machine using lost a good chunk of money last year. I parted company with Zulutrade as of the end of last year and i've felt much better ever since. Forex trading with Metatrader is a much safer and more reliable way of trading Forex using you have at least a chance of having future results agree with past performance. With Zulutrade, I found that every signal provider even the safe ones eventually blew up my account and its because of the way the system is structured. The fact that providers get compensated zulutrade trading regardless of whether they win or lose caused providers to take many small gains and avoid losses which turned out to be a disaster for my account. After picking at least 6 signal using that appeared profitable just to follow them all off a cliff I realized that the flaw was in the system, not myself. Since then i've applied a lot of the same skills I tried to use in picking Zulutrade signal providers to picking MT4 EA's with much more success. Even better, MT4 provides a platform upon which to slowly build an arsenal of trading system that over time can turn into a wealth-building machine. Instead keep reading Daniel's blog and learn from all his good work on automated trading with MT4! In conjunction with Chris, I lost a good chunk of money as well. I too agree with you fully on your statements in your post. In fact I created a post some time ago "Before you ever trade Forex on Zulutrade, READ THIS FIRST!!! I stated some of what you stated and having a second voice would be great. I would like new people to stumble on my blog and see my experience and maybe turn and run or metatrader least give Zulu caution as many tend to like to make their own mistakes and learn. I have to admit though I am fairly close to just stopping as the story of Zulu is so final to me now. Crazy how quickly the evaluation turned sour before I pulled the experiment. But at least the data is there for the readers. I am attempting one last experiment with another signal using. Your comment on Zulu breaking the law is very interesting. They may have a loophole of some sort as you mentioned but I wonder if the right people knew what Zulu was doing…. Thank you very much for your comments: I was indeed aware that you had both tried the Zulutrade approach from your blogs and I am sorry that you lost good chunks of money on this seemingly "legal scam". I think that it is great that you are keeping your blog alive, even if you stop posting, having the blog online will help people see your experience and learn from it those who can! You may want to start a blog focused on other aspects of forex using Regarding the legal aspects, I am pretty sure that they have covered their backs through some technicality but -truth be told- what they are doing is account management and doing so without being a CTA is simply illegal. Those regulations are there for VERY important reasons, mainly to protect people from this sort of thing! Thanks a lot for your kind metatrader at the end of your comment: I am glad that you are now working at automated trading using metatrader 4, hopefully in time you'll start coding your own trading systems and we'll be able to get into some very interesting conversations: Well, thanks again to both of you for contributing: I hope to see some more comments from both of you in the future: Zulu Trade is Their providers trade only in live accounts. I believe this is making the difference. You can tell in a first glance that their providers are trading using stop loss in place. I wish they will have more providers, but I understand it is very difficult to find a decent successful providers out there. I have tried many paid provided services — such as fexea, rentasignal, collective2 — bacially all that is out there on the market. I have only experienced system crashes, being charged for the demo, where they say it is free so i stupidly entered my credit card to check out collective 2 and they charged me after couple of days. For me Zulutrade is the most transparent system out there. OF course it zulutrade its flaws but they are working all the time to fix the bugs and providing top quality services. As a bot creator, I had the same concerns with Zulu. Also most bots are dependent on fast execution. These glorified trade copiers cause addition latency that can cause profitable trades to be losses. For now I have decide to provide an EA instead of being a signal provider for these services. Could you make a post where you compare different copy trading platforms please? Not sure if you have tried this one yet. Just my 2 cents. Hello, last year they changed their approach and pay to the providers, only if they are profitable at the end of metatrader month. But you are right, you can still find there lost of spam, you have to choose wisely and watch your money management. I believe the way ZuluTrade get around the NFA regulations. US based signal providers and members are charged in a different way, rather than getting commission they are charged on a membership basis. Zulutrade works for me. Zulutrade use a stop loss and still find it more profitable to put part of my money in autotrading than my bank account. Risky and not for all but still good for me as of now for 7 months. Are you still on zulutrade people? Are you happy with what you getting? Myself cant complain at all! Been on it for maybe 2 months, made some great profits for a month deposited 3k, made around 1k and then this month i lost all that profit followed by a loss. Most are purely demo, and a few are on a demo following themselves with a live account not obligated to follow all signals. The whole thing just seems so bad ethically. I just read your blog because I was wondering if other people have made similar assessments. I just posted my experience on the babypips forum. I am sorry to hear of the financial losses I have been trading now for 13 years metatrader on demos I just recently opened a live account, the first thing to know is to be a diciplined trader and make wise choices, I boast of having no losses on my demo account and have learned to trade using technical analysis where news is designed to let you down your charts wont if you know the right strategy. Having a strategy wether it be only trading by the rsi and the mac d or by crossovers or using candlesticks or ohlc bars or the moving average it doesnt really matter as long as you are diciplined. My goal was to give up smoking, give up playing the pokies, give up gambeling and to trust in God to help me make better choices. Good luck with any future trading remember a fa ourite saying of Colin Twiggs the trend is your friend. Just read your comments, I have approx a grand sitting in a zulutrade account. Ie no lies but no help to understand how to use the system. Good luckI suspect you will do better than I. I am a kenyan trader who has one year experience. I wanted to know if you still hold that view that zulu trade is death trap. Yes, I still do, for very similar reasons to the one described on this post: I was very interested to to read all the comments about ZT, particularly because metatrader of them are so different from my own experience. I have been trading live with them for just over 10 months and had 6 months of demo accounts before that. I apply some fairly simple criteria and track my SPs on a spreadsheet — some are demos and some are live. If you take into account that I have learned a lot, made many mistakes and am not taking it too seriously I have a life and a day job then that return looks amazing. I continue to improve and can see that the more time and effort I put in is reflected in my profits. My main concern is that the vast majority of ZT followers not only know nothing but seem content in their ignorance to blindly follow signal providers. IMO, faith and belief belong in religion and have no place in the markets. Sort of works for me so far. Mail will not be published required. You can use these tags: Mechanical Forex Trading in the FX market using mechanical trading strategies. Home About Me Atinalla FE OpenKantu System Generator. Why Zulu Trade is a Death Trap for Traders March 29th, using Comments. One of the most interesting websites which has been released within the last few years is — without a doubt- Zulutrade. This enterprise which seeks to hook up signal providers with traders worldwide in an effort to provide seemingless account management has gathered significant interest from both new and experienced traders alike. I have to confess that the first time I saw the Zulutrade website I thought it was a terrific idea, it is seems extremely good to have the possibility to have a proffesional manage your account and trade it efficiently when you are unable to do so. However upon a close analysis metatrader this website for a little bit more than a year I realized that Zulu trade is nothing more than a death trap for traders. Within the next few paragraphs I will discuss my views about Zulutrade and why I believe it is an absolute abomination, a monster created as a biproduct of the urge people have to get quick profits and the urge other people have to take advantage. Forex Quake, an Unbiased Review. Reversing Strategies… It Almost Never Works! March 29, at 5: January 16, at 5: March 28, at 6: October 17, at 2: January 15, at 7: November 26, at 8: February 1, at 1: February 3, at 9: March 19, at 9: May 18, at July 26, at July 28, at September 13, at September 29, at November 22, at 2: December 4, at 6: April 29, at 9: June 4, at 8: June 4, at zulutrade August 12, at Leave a Reply Click here to cancel reply. Asirikuy Asirikuy Investment Project Asirikuy Strategy Tester AST backtesting BATS brokers CFDs cloud mining crossword puzzles Currency Trader Magazine F4 framework fxtradermagazine grid trading homework corner indicator series Kantu machine learning martingale Metatrader metatrader 5 money management neural networks ODROID-XU4 openKantu pkantu portfolios portfolio trading programming psychology pyfolio python qqpat quantopian R RTFF scalping Seasonality social trading strategy design strategy evaluation system system development trading psychology trading strategies tutorial umaki Using R VPS walk forward analysis Watukushay WRP contributions.
Air pollution has been linked to health problems like asthma and lung disease, as well as the deterioration of the ozone layer (which protects us from harmful UV rays) and the warming of the earth which may destroy the habitats of many animals.
Gabrielle Douglas is an inspiration to me and many others because she overcame being homeless,moved in with a new family, and won Olympic gold in gymnastics.
Air pollution has been linked to health problems like asthma and lung disease, as well as the deterioration of the ozone layer (which protects us from harmful UV rays) and the warming of the earth which may destroy the habitats of many animals.
The creation of Japanese Buddhist art was especially rich between the 8th and 13th centuries during the periods of Nara, Heian and Kamakura.
Gabrielle Douglas is an inspiration to me and many others because she overcame being homeless,moved in with a new family, and won Olympic gold in gymnastics.
Ugg Boots,Ugg Boots Outlet,Ugg Outlet,Cheap Uggs,Uggs On Sale,Ugg Boots Clearance,Uggs For Women.
Is this young man to be ground to pieces under this machine for an act which, at the worst, was one of weakness.