ZuluTrade Tool: Compare Signal Providers Performance

With the massive amount of Signal Providers (SPs) on ZuluTrade, it’s often difficult to compare them ‘like for like’. Just looking at their return in pips doesn’t give you the full picture, since it doesn’t take into account the risk taken by the Signal Provider (SP) to achieve their return. Below is a simple tool which can be used to compare the historical performance of ZuluTrade Signal Providers, taking into account both past returns and risk (in terms of drawdown).

The measure used to compare the Signal Providers is ‘Optimum ROI / Month‘. This is the return in % per month you would have made if you invested/allocated the maximum drawdown the Signal Provider incurred during the period (i.e. with hindsight you invested just enough). Obviously this is an unrealistic assumption (also because we don’t take into account margin calls), though because the assumption is made for every Signal Provider we compare, it does provide us with a value we can use to compare them taking into account both risk (drawdown) and reward (profit). This tool also lets you use the data for any given period duration, meaning you can take the data for a period during which the Signal Provider’s strategy was consistent.

The following restriction applies:
“The Signal Provider only traded instruments with USD as quote currency (e.g. EUR/USD, GBP/USD, CAD/USD, AUD/USD, …). The calculations will not be relevant for Signal Providers who for example trade AUD/JPY or EUR/JPY). However, you’ll notice that the majority of Signal Providers fall within this category.”

Click Here for an example of where to locate the Signal Provider data used within the ZuluTrade interface.

Please note that these calculations use past performance results and are therefore not necessarily indicative of future performance. This tool is only included for information purposes and use with demo accounts only. There’re significant risks involved in trading Forex and ZuluTrade and you should seek advice of an independent advisor if you trade with real money and have any doubts.

 

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Comments

  1. Hello! This looks like a very usefull tool , but how do you actually use it? I type in the names of signal providers and the period of month then click on the “Compare Historical Signal Provider Performance” and nothing happens. Am i doing anything wrong here?Please advise. Thx.

    • Social Trading Guru says:

      Hi. I just tried myself and seems to be working fine. Make sure you enter a value (not 0) in every column. E.g. from the example of where to get the ZuluTrade SP data the values would be: SP Name “ExampleSP”, Period “6″, Profit “1287″, Max DD “295.6″, Trades “192″, Max Open “3″ and slippage “1″. Pressing the compare button with those values should work. You can compare from 1 up to 5 signal providers at the same time. I’d appreciate if you could try again and let me know if it works? Many thanks.

  2. Thank you for this tool. One question though.. I compare 2 SPs with your tool, AZAR Consulting and Qurenix. AZAR ‘s ROI is far better, but the profit period for Qurenix is almost 3x bigger than AZAR’s. Ok, I know that the risk is bigger as he opens 10 trades and the DD is 5x bigger than AZAR’s. What should I choose, Profit vs ROI?

    Comment: In zulutrade’s simulation assigning 1 lot for each SP gives 2x bigger profits for AZAR! Am I missing something?

    • Social Trading Guru says:

      Txs. To compare traders best to use ROI since it includes both profit and DD. Using the profit number on its own is not that relevant because a trader who opens 10 trades will normally have a bigger profit than a trader who just open 1 trade. However, as you rightly mention, the trader with 10 trades will in all likeliness have a much higher DD (i.e. more risk for more profit).

      On your second question I just tried the ZuluTrade simulation tool and get a 40% higher profit for Qurenix than AZAR (max period). WOver what period are you looking at?

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