ZuluTrade
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From what I have read in forums, users agree that zulu' s ranking system is now providing performance results based on a 3 months PnL while the old ranking systems took under consideration the Max DD%.
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does anyone know how their rank works? what are the parameters?
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ZuluTrade is a great concept. There are now plenty of quality providers to give one a good chance to profit nicely. The interface is easy to use and manage your signal providers. I would recommend it if you have extra money and want to see a nice return.
But honestly speaking they have a few problems to solve. The first and very important one is the way they present a maximum draw down on their website, its totally wrong and does not reflects the true maximum draw down.
The "catch" is to find the right signal provider! and to use custom limit/stop settings as the most important factor which affects the profitability of any signal provider you set in Zulutrade is to choose the optimum stop loss value for that particular Signal Provider (SP).
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I really like the new look of the iphone app! Plus they added the advanced search, so I dont even need a PC now to use zulu! 😎😎😎
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I say dont give too much attention to the zulu ranking, just on your own good performance so followers can make some pips! 😁😁
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Thanks, markopolo.
That's what I'm waiting for...to see the way it will work when I will start to gain again.
But I still think that is not a fair ranking, if it works like that.
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You are correct they have to be more professionals...Regarding ranking, I think you dropped because your PnL chart for June is negative and the new ranking takes this into account for overall ranking. Im sure if you manage to recover, you will gain rank again.
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Here is a new reply from Zulutrade to my issue:
"The profit graph displayed on the first page of each providers trade history individual page, displays a theoretical representation of each providers equity, taking into account overall profit, as well as floating profit and floating losses and drawdown.
However in some cases it cannot depict the real scenario since there is no actual set equity for each Signal Provider, and also occasionally the maximum drawdown occurs when the provider closed all his positions,.
So, when we draw the graph, we subtract from the daily closed pips the daily drawdown - and in some cases this may result in taking into account the drawdown on both the floating loss and also the end result.
We are aware of this, however please note that this is only a graphical representation of your account, and its purpose is to show to Users the Signal Provider's trading strategy.
This graphical subtraction does not of course affect the actual statistics (like maximum drawdown or max DD%) or the overall ranking of the Signal Provider. It simply indicates the potential profit including the floating losses at any given point of time.
So all the figures and statistics are correct, it is simply a matter of representation on the particular graph that may in some cases indicate a higher drawdown, without the drawdown figure or drawdown graph being affected by this.
Hope this helps to clarify this graph and its representation."
In practice, they wrote that I was right about the wrong drawdown, but they won't change it!
And "...this graphical subtraction does not of course affect the actual statistics (like maximum drawdown or max DD%) or the overall ranking of the Signal Provider..." I don't think so!
I was n. 27 with the open positions in loss and the following day n. 167!
😡
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added prizmal
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https://www.zulutrader.com/Performance.aspx#search-provider-country
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<img src="https://www.myfxbook.com/files/klaabukosmos/zuluungari_UL.png" class="img-responsive dont-change-dark" loading="lazy">
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No, they didn't.
I also fear they have done the same in the following days.
What a bad moment to change the profit chart criteria, exactly when my system has started to loose. 😞
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Did they fix this? Cause I look at the stats of several providers and it looks ok.
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Zulutrade has changed the system profit chart.
This is what they told me:
"...we now display the trades that opened and closed on that date, including the trades that were open at that point of time and how they were performing....So,please remember that the Performance chart does not reflect the values of the closed positions but it calculate all floating positions and it is quite similar as the drawdown chart."
I could agree with it, but they made a terrible mistake on my AGIRE FX-5 profit chart!
On June 1st, I started the day with a loss of 700 pips about with the open positions, then I closed the bad trades for a loss of 684 pips.
The closed position result of the day before was +3.180 pips, so -684 pips the update performance is +2.500 pips.
And by closing those bad trades, the open positions were in gain.
But if you see the profit chart, it says than on June 1st the system was at 1844.5 pips!
In practice, they added the open position loss with the closed ones!
It's a wrong duplicate!
And I still don't know if they will fix it. 😡
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The problem with many providers is that you need to find wich broker is best for each one and probably each provider is using different broker.
Take in count that providers with small tp doesnt work beacuse slippage, <10 pips
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I think it depends on the broker you will choose. Take a look at the slippage chart of your providers and also read the comments users make. But I think you might have to risk it if you want to see what is going on in reality...
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I have been on and off demoing this for the last year. this demo run im running a $3000 demo account trading microlots with a 4 multiplier on the trades and the default limit on how many trades can be made by the providers. I am now 13 days into this demo and currently up 1322 pips.
I am running :
zulumaster1
SystemsFX LIVE
HighProfitFactor
FOREXTECHNO - [SYSTEM_A]
FOREXTECHNO - [EURUSD_LT]
Forex Cruise Control
Mercury Fx (this is disabled)
I disabled Mercury fx within the first few days. Not so much because it was loosing but when it lost it lost big time.
Now the big question on this is how much slippage occurs in this and the signal issues that seem to occur. If this account were to move live, how of the pips fly out the window then?
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Did they make changes again? I see in alchemy now it has the balance of the live trader. And also they added a few things on the advanced settings in the accounts.
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I like a lot zulutrade' s platform. Can say that I was surprised to see here a discussion with a signal provider. Not so common.
Although I am a beginner and many things are not so clear to me yet it, you helped me to understand what an experienced user should have on mind.
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It's correct what you wrote according to the last weeks, while the system settings are according to more than 5 years.
I have another system called AGIRE FX-10 that works like AGIRE FX-5, but with a double position for each pair.
One position works excatly like AGIRE FX-5, the other one has a different money management.
In that way the system does something like you wrote.
