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: December 1st 2015
We wrote a full review of Absolute Piper in September 14 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 normally only opens up to 6 consecutive trades at a time (sometimes up to 7) and only trades 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 -216 pips, but this trade was open for 8 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. They posted excellent results from October 13 until February 2015, which is a long period to show consistency. Arguably March and April 2015 were poor for Absolute Piper’s standards though this is trading so after a long positive run some losing months are pretty much unavoidable. But the 7 months since then have been profitable again, not only clawing back those 2 months losses, but adding some profits as well.
In addition, they send their trading signals to ZuluTrade from a live trading account, so they risk their own money as well. Absolute Piper also contributed some good money to their top 5 followers (> $50,000). An average pip gain of 4.9 per trade is positive but not very large so always take into account any slippage which may/will occur (though because they trade the EUR/GBP pair slippage is normally low unless your broker has a high spread on that pair).
But, based on the last 2 years performance (and the fact that we mentioned them here for over 17 months!), certainly an interesting trader to watch.
This trader is still fairly new on ZuluTrade, 38 weeks, but during this period has made some very consistent gains. In addition, those gains weren’t just made at the beginning (when they had no followers), but the largest monthly gain (736 pips) was posted in November 2015 when they already had a good following.
There’s quite a bit we like about Frokoler’s strategy. Focus is on 1 instrument (EURUSD), which is very liquid and normally also has fairly low slippage on ZuluTrade. Trading is short term, with positions held an average for 9 hours (i.e. intraday). The maximum number of open trades is limited to 3. This together with the fact that stops are used (worst trades so far was -101 pips) means drawdown risk is fairly low. In fact the maximum open trade drawdown so far was just under -300 pips. This seems more or less the maximum loss of 1 trading cycle since Frokoler tends to open all 3 positions in the same direction and in short succession.
Maximum profit on a single trade was 130 pips though normally profit targets are between 10 and 20 pips. An average profit per trade of 12.2 pips is a very good number on ZuluTrade.
Frokoler doesn’t really provide us with a detailed strategy in their ZuluTrade profile but their status updates seem to suggest that this trader has a fairly sound money management approach at the moment. Frokoler mentions that stops are used to avoid accumulating high losses and losing trades are inevitable (100% winning ration is gambling). Fairly simple but from many comments on ZuluTrade plenty of followers still expect every trader to win every single trade.
Frokoler has made some reasonable money for their followers to date and if they keep the current performance going they will soon become one of ZuluTrade’s most popular traders. Frokoler does however only send their signals from a demo account which is obviously a negative factor since most investors prefer following traders who risk their own money as well.
While SwissRunners has onlybeen running on ZuluTrade for 34 weeks. However 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.
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.
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.