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: June 3th 2014
We reviewed SteadyCapture (v) quite a while ago. Their results over the past 110 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 their best month to date for July and August was relatively a good month as well for them, but … they posted their largest losing month in September. However they have gradually recovered from those losses and seem to be on a decent run again in 2014.
This trader has been trading on ZuluTrade for 60 weeks. We wrote a full review on First Eagle in March in which we described their performance over the past 6 months at the time of the review as some of the best we’ve noticed on ZuluTrade. During that period they achieved consistent profits without taking too much risk. First Eagle only opens a maximum of 4 concurrent positions and historical open trade drawdown (-460 pips) has been very low. Their strategy is very much day trading strategy, so they don’t sit on losing positions in the hope they eventually turn profitable. However you therefore have to consider account drawdown as well. This is evident when you look at their performance for the first 5 months on ZuluTrade, when the performance was note that great. Nevertheless, it recommendable that First Eagle actually improved their performance over time.
The main caveats are that this trader does send their signals from a demo account (like many on ZuluTrade) and that they only recently started acquiring many followers (mainly because they shot to #1 position in the ZuluRanking). As always it’s wise to monitor the performance during that period because some traders tend to change their behaviour when they start trading for commissions and deal with follower comments. However, so far we’ve not noticed any sign of over-trading and it’ll be interesting to see if they can maintain the excellent form from the past 8 months.
Calipsofx have been trading on ZuluTrade for 104 weeks. They’re currently in the top 30 in terms of money following them and 44th in the ZuluRanking. They may not look like the most exciting signal provider on ZuluTrade because overall pips profits are not massive. However the results have been achieved by only opening a maximum of 2 trades at the same time. Calipsofx’s historical drawdown has been low and profits were gradually increasing. However the past 3 months have been a bit slow though still slightly profitable. Not every month or trade is profitable with their strategy on ZuluTrade. A positive sign is that Calipsofx follows their own signals with their own live account.
Newwave has been trading on ZuluTrade for 70 weeks. In this period they managed to get to the number 1 in the ZuluRanking and 1st spot in terms of money following in the past. What was impressive is that they actually managed to post their best month in May 2013, after they already got a reasonable amount of followers. With many traders who show some early promise on ZuluTrade, the results seem to suffer once they start getting many followers.
Returns of 11,777 pips for a drawdown of 1,010 is pretty good. It is however unclear what stop levels are used (the 200 in the strategy description wasn’t forced through in the past, even as recent as January) so with a maximum of 6 open positions it’s likely drawdown will be higher at some stage in the future. However some trade cycles have been closed in a loss, which is normally a sign that the trader follows the trades closely and doesn’t keep trades open until they eventually turn profitable. As with many traders though, it would give some more confidence if they actually traded with their own money as well. A key point to note here is that Newwave just had their worst month to date in January 2014 (after pretty decent November and December months). One losing month doesn’t make a trader a bad trader (occasional losses are inevitable and no-one can be expected to win each month). However, top traders are defined by how they recover from a poor trading run. Do they stick to their strategy and principles, or do they panic and try to recover from the losses to quickly by taking excessive risk? In the case of Newwave the next 4 months have been overall profitable, though overall they’ve not even recovered from the January losses. Hence the next few months are certainly interesting since so far Newwave has been unable to re-capture their early form and look like they may fade like some other ZuluTrade signal providers who showed great early promise.
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.