ZuluTrade Traders (Signal Providers) to Copy and Follow
Here we discuss some of the traders (signal providers) which you can follow and copy in your ZuluTrade demo account. We include these here for educational purposes only and these do not constitute in any way investment advice. We are not saying these are the best or top signal providers on ZuluTrade. What’s top or best will totally depend on your own investment goals which you need to discuss with your own independent financial advisor. We merely show how you can make an opinion of a signal provider based on some criteria you may have. In addition you may also consider having a look at our ZuluTrade Signal Provider reviews which you may find useful too.
The full thought process we go through when selecting ZuluTrade signal providers can be found in our tips section. In summary we:
- look for Signal Providers with a proven profitable track record (ideally > 12 months)
- traders with low historical drawdown
- prefer traders who manually trade the market to those running an EA (automated system) and if they do, try to identify whether the trader will adjust or intercept their EA when the market requires too
- like to look for short term strategy signal providers who manage their stop levels closely and open a limited amount of trades (which reduces drawdown)
- have a higher preference to following ZuluTrade traders who trade with their own money
- look for signal providers who have a clear description of their strategy and whose trades actually match their strategy. A bonus for those who actively keep their ZuluTrade followers informed on their approach and market view.
Last Updated: September 2016
SwissRunners has been running on ZuluTrade for over a year, and again we mentioned them here for quite a while. And in fact this is the re-incarnation of the SwissRunner which ran pretty successfully on ZuluTrade for almost 100 weeks before the account blew when the Swiss central bank removed the peg to the Euro on January 15th 2015.
The new SwissRunners pretty much applies the same strategy as the previous one (which we reviewed in detail in June 2014) with so far pretty much the same results. Positives are 9.5 average pips profit per trade and positive results each month. SwissRunners has also made some decent returns for their top 5 followers (> $15,000).
On the other hand, these results have been achieved against a very high open trade drawdown of over 2,500 pips. Maximum open trades so far has been 18, though SwissRunners actually suggest to limit it to 12 in one of their older status updates (their previous SwissRunner strategy suggested a limit of 18). Nevertheless future periods of high drawdown are highly likely with this strategy.
And obviously central bank intervention can still always happen on this pair (though cannot seem them re-introduce the Euro peg in the short term) and hence it’s important to monitor open trades and book profits (which you can now more easily do using ZuluTrade’s new Automator tool).
SwissRunners is sending their signals from a demo account, but is following their own signals from a live ZuluTrade account. On from their ZuluTrade profile it looks like this trader is based in Swiss, which should normally help with trading the news events and fundamentals.
With just over a year of trading history on ZuluTrade, ConradBFX is still a new-ish trader, though we’ve mentioned them here already for the past 6 months. In a relatively short period of time they’ve managed to become one of the most popular signal providers. Obviously the fact that they managed to make over $50,000 profit for their followers to date does no doubt help their popularity.
But more importantly is that they’ve managed to maintain their strong performance over the past months and after they started increasing their number of followers.
ConradBFX mention in their strategy description that they use “a Scientific Approach using a proprietary neural network and custom developed tools” to provide them with the trade entry signals. What we do like is that they still enter the trades manually. I.e. this isn’t just an automated trading robot, but a trader who uses a system but still looks at the market conditions as well at the time of entering the trade.
To date results have been pretty consistent with an exceptionally high winning percentage. However as we mentioned in our ZuluTrade tips, a high win % also normally means a higher drawdown risk since trades are left open until they eventually turn profitable. And looking at the historical results this has also been the case with ConradBFX. 1,600 pips historical drawdown is fairly high when compared to the average monthly returns. This should be taken into account when sizing the investment.
Another important fact to consider is that ConradBFX trades in different lot sizes depending on the trade opportunity they see (from 0.01 to 1 lot). Most professional trades use indeed different lot sizes. Until recently you could only copy a fixed size per signal on ZuluTrade, but since they’ve released the ‘Pro-Rata’ (in beta) you can now copy other traders proportionally as well. In the case of ConradBFX this would certainly make sense in order to achieve similar results.
An average returns of 15.5 pips per trade is very healthy and should normally limit the impact of slippage on your results. However this trader does sometimes trade some short term scalping opportunities so slippage is definitely something you need to track if you would follow this trader from a live ZuluTrade account.
This trader does send their signals on ZuluTrade via a demo account though they mention that this mimics the live account which they have. Obviously this isn’t possible to verify so you’ll have to take the word of the trader for it.
This trader is at time of this update ranked #2 in the ZuluTrade ranking and also has the second most amount of live money following them. And a trader which has posted 24 consecutive profitable months like “rjhgbjsdb” (yes easy name!) cannot really be ignored from being mentioned here.
Because we have the hindsight of having mentioned rjhgbjsdb here before it’s worth nothing the they no longer mention their profit targets, stop levels and expected drawdowns in their strategy description. In the past rjhgbjsdb mentioned a target maximum of -600 pips and for most of the time they stayed within that target. However in January 2016 their drawdown went over -1,500 pips before the market turned again in their favour. They also opened more trades than they usually do during that month.
Anyone who reads or tips and has followed this page a lot will know we always mention that historical drawdown and even the expected drawdown mentioned in strategy descriptions should only be used as a guide.
As we mentioned before, the main caveats to consider are that rjhgbjsdb does send their signals from a demo account – i.e. they don’t risk their own money on the trades, just their potential future earnings/commissions. And also, rjhgbjsdb has only made about $15,000 profit in total for their top 5 ZuluTrade followers. Based on the very consistent trade history this may sound a bit surprising. However investors may clearly feel the relative low monthly returns don’t warrant risking high investments for the potential risk.
The average monthly returns over the past month were just over 200 pips, though against a backdrop of over -1,500 those returns become less attractive. Average pips per trade return over the past years was also only 3.8.
In addition to the above more established signal providers, here are some newer ZuluTrade traders on our watchlist which we hope to review once they’ve been trading a bit longer and maintain their current performance and risk management approach:
As mentioned above, you may want to have a look at our detailed ZuluTrade trader reviews as well. These will give you some further ideas on what to look for when you analyse the traders you consider to follow.
Please be aware that past results are not necessarily indicative of future ones. When trading on ZuluTrade (or other social trading networks) you may lose some or all of your initial investment. Never invest money you cannot afford to lose as there’s no guarantee against loss.