Let's see what we can expect from a zulutrade signal provider.
TOP SIGNAL PROVIDERS
Last 365 days performance
| Name | Pips | Avg Pips |
|---|---|---|
| SystemsFX | 6.7K | 5 |
| FOREXTE | 3.3K | 5 |
| Circle | 3.4K | 8 |
| zulumas | 17K | 135 |
| U.S.S. | 2.6K | 3 |
| overtra | 15K | 38 |
| Mercury | 7.7K | 11 |
| STARFOR | 44.6K | 22 |
| Fast grow | 250.3K | 102 |
| Pro-B5 | 6.9K | 8 |
This chart shows the top signal providers, the name, the amount of pips earned in the last 365 days(SystemsFx has earned 6700 pips) and average profit per trade.
As you can see most of these systems have an average profit of 11 pips or less, which is considered scalping or day trading depending on the time a trade is held, and only 2 of them have an average profit of over 100 pips per trade which can be considered swing trading. Note however the swing trading systems have a much higher profit; in fact the highest profit is the 2 swing trading systems.
Let's dig in a little bit more into the performance of some of these systems. The following chart is the performance chart of the Fast Grow system
| Profit | 250,327 pips |
| Open Positions | -313 pips |
| Trades | 2456 |
| Winning trades | 2383 (97%) |
| Average pips/trade | 102.0 |
| Average trade time | 2 days |
| Maximum drawdown | 2% |
| Worst Trade | -982 pips |
| Best Trade | 264 pips |
| Followers | 1071 |
| Has live followers | Yes |
| Ranking | 9 (Top 10) |
| Running weeks | 35 |
Let's see what the performance chart tells us. The average trade time is 2 days which qualifies as a swing trade(a swing trade is a position held longer than 1 day), maximum drawdown is 2%, this is great money management, no wonder this system has performed so well. The winning trades % - 97%, this is great, we see systems like that very rarely, anything over 80% is phenomenal. The worst trade is -982 pips, which is a large loss but since max drawdown is 2% then we can be confident that this 982 pips won't wipe out our account, what I mean by this is that even though the system lost 982 pips maybe those are micro lots and as a percentage of the account it is only a small fraction.
Something we don't see on the chart is an instruction from the signal provider "set maximum 4 open positions", so this further shows good money management.
Let's compare this system to the scalping system that's ranked #1. The name of this system is Systems FX
| Profit | 6,706 pips |
| Open Positions | -22 pips |
| Trades | 1472 |
| Winning trades | 1086 (73%) |
| Average pips/trade | 5.0 |
| Average trade time | 15 hours |
| Maximum drawdown | 5% |
| Worst Trade | -195 pips |
| Best Trade | 291 pips |
| Followers | 7294 |
| Has live followers | Yes |
| Ranking | 1 (Top 5) |
| Running weeks | 109 |
Let's see what this system performance chart tells us. The average trade time here is 15 hours(does not qualify as a swing as it is less than 1 day), this trading could be categorized as day trading. The winning percentage here is 73% not as high as the previous but pretty high. Max drawdown is 5% which is slightly higher than the standard 2% but still this system has been running very well for 109 weeks with 5%. Best trade is 291 pips and worst is -195 pips, this doesn't tell us much but at least we get a sense of how many pips max the system has lost per trade over the 109 weeks running.
The message from the signal provider is “Trading pair EUR/USD only, positions are always with stop limits, usually 110-120 pips, max.150 pips. Mostly 1-3 open positions in the same time, maximum 5-6". So now we get a better idea of what this system does, it trades the EUR/USD only and only a few trades open at a time, this could mean that the system looks to capitalize on daily swings of the EUR/USD perhaps trading the daily support and resistance levels.
Zulutrade is definitely a great way to supplement your forex income or if you're not as active, you can even set a trading system and only keep an eye on it a few times a week. As always FxRebateGurus is here to help you become more profitable by paying you rebates on all of you trades. For zulutrade we pay the following rebates: AAAFx - 0.7 pips rebate on all AAAFX trades, FXCM UK - 0.3 pips rebate on all FXCM UK trades,
GAIN UK(forex.com) - 0.3 pips rebate on all GAIN UK(forex.com) trades,
Ava FX - 0.3 pips rebate on all Ava FX trades,
FXDD Malta - 0.3 pips rebate on all FXDD Malta trades,
Alpari RU - 0.3 pips rebate on all Alpari RU trades,
Alpari UK - 0.3 pips rebate on all Alpari UK trades,
Alpari China - 0.3 pips rebate on all Alpari China,
Easy-forex - 0.3 pips rebate on all easy-forex,
TADAWUL FX - 0.3 pips rebate on all TADAWUL FX trades,
ACM - 0.3 pips rebate on all ACM trades,
SaxoBank - 0.3 pips rebate on all SaxoBank trades,
ActivTrades - 0.3 pips rebate on all your "ActivTrades" trades,
FXOpen - 0.3 pips rebate on all FXOpen trades,
MIG BANK - 0.3 pips rebate on all MIG BANK trades, Dukascopy - 0.3 pips rebate on all Dukascopy trades,
ODL - 0.3 pips rebate on all ODL trades,
FX Solutions UK - 0.3 pips rebate on all FX Solutions UK trades,
eFOREX - 0.3 pips rebate on all eFOREX trades,
Boston Merchant Financial(BMF) - 0.3 pips rebate on all BMF trades,
Varengold Bank FX - 0.3 pips rebate on all Varengold Bank FX trades,
4XP - 0.3 pips rebate on all 4XP trades,
GIGFX LLC - 0.3 pips rebate on all GIGFX trades,
FXCBS - 0.3 pips rebate on all FXCBS trades,
GoForex - 0.3 pips rebate on all GoForex trades
