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: October 2nd 2014
We reviewed SteadyCapture (v) quite a while ago and they’ve been listed here for over a year. Their results over the past 126 weeks were fairly consistent with only a few losing months being posted. They’re one of the few ZuluTrade traders who follow their own signals from a live account (i.e. they risk some money too). Their approach seems solid and it looks like they trade manually instead of using a trading robot.
However, as we mentioned in our review, the main caveat is that SteadyCapture (v) haven’t mentioned their stop levels, and hence it’s unclear how much risk you have to take. Because their returns every month are not massive, this certainly impacts your risk reward ratio, and means you have to trust this trader to manually close the trade positions and manage overall drawdown going forward (in the same way they did so far). They posted did just post their for losing month (July 2014) in 8 months. One or a few losing months doesn’t make a trader bad. It’s how they recover which is important. The last time SteadyCapture posted a significant losing month (September 2013) they gradually managed to recover all losses. They pretty pretty much recovered the losses already with the posted profits again in August and September. In addition they’re now ranked #1 in the ZuluRanking as well.
We reviewed this trader in June 2014. Their performance before and since then has been fairly consistent. In addition, SwissRunner follows their own signals via a live account, so they risk their own money as well. They only trade the EUR/CHF pair, which is a pair with normally very low volatility. I.e. overall this means less risky.
This trader does however opens up to 18 consecutive trades, and with no fixed short stop levels, this means drawdown can occur. This has indeed happened in the past and historical drawdown is fairly high compared to the average monthly returns. The monthly profits have also gradually become a bit smaller, though it’s more than 1 year ago since SwissRunner had a losing month. They’ve also generated some good profits for followers, though had 4 other accounts with negative results on ZuluTrade (something to bear in mind).
We recently wrote a full review of Absolute Piper in which we described their performance over the last 10 months before that review as pretty good. During that period on ZuluTrade they achieved consistent profits without taking too much risk. Absolute Piper only open up to 4 consecutive trades at a time and only trade the EURGBP pair. This reduces overall risk since this is a low volatile currency pair and daily price movements are low. E.g. their worst trade so far was -173 pips, but this trade was open for a full 14 days.
The first 7 months however were not that good, but the key point to note here is that Absolute Piper actually improved their performance over time, and seem to be on a good run. In addition, they send their trading signals to ZuluTrade from a live trading account, so they risk their own money as well. They also contributed some good money to their top 5 followers (> $32,000). However, overall they’ve not reached the summit yet in terms of followers, so there’s always the risk a trader may change their strategy once they start trading for commissions.
But, based on the last 10 months performance, certainly an interesting trader to watch.
Fxforwarder has been trading on ZuluTrade for only 86 weeks, and during this period they gradually gained over 5,000 pips. Only two months were losers so far though there have been a few period of relative significant drawdown. Hence there are likely to be some future period of drawdown as well, since fxforwarder’s strategy does open multiple trades in the same direction. Only the USD/JPY pair is traded and so far up to 12 trades have been opened at the same time for a maximum drawdown of -1,260,000 pips. Hence risk reward so far has not been that great.
Nevertheless, fxforwarder do seem to follow their own signals from a live account and they have been steadily gaining some ZuluTrade followers as well. It will be interesting to see the performance over the next few months now that their popularity has increased.
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.