Hertcz Review - ZuluTrade Signal Provider

Review of Hertcz ZuluTrade Signal Provider

Hertcz is at the time of this review still a very new signal provider on ZuluTrade with only 17 weeks history. They send their trades from Indonesia and on October 11th 2012 were ranked 26 in the ZuluTrade rankings. Based on the (limited) historical performance (click here to view Hertcz profile on ZuluTrade) here’s our review:

Hertcz Pros:

  • impressive results for the first 16 weeks
  • strategy is stated (breakout strategy)
  • stop loss levels seem to be managed and losses are booked
  • follows with their demo account signal from a live account
  • 4 star average rating by 40 live users

Hertcz Cons:

  • very limited historical data
  • unclear how many open trades are required to follow this signal provider
  • communication not always consistent and clear

Summary:

With a pip gain of over 2000 pips for a maximum drawdown of 400 pips, the results of Hertcz to date are pretty impressive. The strategy of this ZuluTrade signal provider (breakout) is clearly stated and looking at the trade history this seems to be indeed the strategy they use and follow on a number of currency pairs. Stop loss levels seem be managed and set at swing high/lows. Losses are therefore taken and trades are not left open for long period of time. Worst single trade so far was -156 loss. We personally see this as a good thing since while this may incur a few losing trades in a row in the account, it means some kind of protection for when the markets rally in 1 direction for a long period of time.

While this trader does communicate via the ZuluTrade interface, the communications are not always clear. E.g. historically there’ve been a maximum of 8 open trades and on September 5th there were still 4 open trades. Hertcz communications 64 days ago seemed to suggest allowing 2 open position, which from mid September became 3. I.e. there seems to be difference between what’s communicated and what’s traded. That is definitely a worry. You may also want to ignore their first video as it doesn’t tell us anything about their strategy or trading style.

Hertcz is definitely one to watch based on their initial performance, though 4 months is a very limited time period to make a fair opinion about a trader or trading system. It’ll also be interesting to see how this trader behaves and copes when more ZuluTrade people start following them, and more importantly how they cope/recover from a series of losing trades (which will be inevitable) and the negative feedback comments which may follow as result.

Below are the historical numbers for Hertcz thrown into our ZuluTrade account settings tool (for the risk definitions click here). We used the data for 17 weeks as 4 months. Historical performance is obviously no guarantee for future performance and because the limited historical data, the value of these calculations is a bit limited. Also because Hertcz traded on some pairs where the USD is not the quote currency.

Hertcz account settings calculations

Hertcz potential account settings calculations

Please note that this ZuluTrade signal provider review of Hertcz is included for informational purposes only. These reviews do not constitute advice. Social Trading is very risky and never invest without consulting a financial advisor and never invest money you cannot afford to lose.

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4 Responses to “Review of Hertcz ZuluTrade Signal Provider”

    1. I fully agree with you. One of the most promising new signal providers I have seen arriving on ZuluTrade for a while. Time will indeed tell us whether they can maintain the early promise. Unfortunately I cannot make any SP recommendations (as we’re not a regulated financial advisor), though can always give an opinion/review of any SPs you’re considering?

  1. ok, fair enough then, totally understand.

    lets put it in this perspecitive: what do you think of these guys: denganyouqianle,Analyst EUR, FX Profit Runner, New Leader. At the moment they are performing amazingly great, do you see any signs from their strateigies this will not continue in the near-by future of lets say 6 weeks?

    1. Ok, with regards to evaluating a trader’s performance and looking for results for the next 6 week period, that’s something I personally don’t really consider (too short a time frame and more like gambling than investing). I tend to look for signal providers which have a higher probability of providing positive instead of negative returns over a 6 to 12 month period without risking a large amount of my account through large uncontrolled drawdowns (e.g. by leaving positions open in the hope the market eventually turns or adding to existing losing positions).
      So, based on the historical ZuluTrade data available, I feel denganyouqianle and FX Profit Runner at the moment more fit this bill for me while Analyst EUR and New Leader (f333) less so. Reviews for denganyouqianle, Analyst EUR and f333 have already been added, while FX Profit Runner will be added shortly.
      Apologies to throw in the usual trading disclaimer, but previous results are obviously not necessarily indicative of future performance, even more so with ZuluTrade where signal provider can change strategy from one day to another. Please also do not treat this as investment advice or endorsement of these ZuluTrade SPs.

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