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 5th 2013
Newwave has been trading on ZuluTrae for 44 weeks, which is still less than 1 year. However 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, 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 11,153 pips for a drawdown of 861 is very impressive. It is however unclear what stop levels are used (the 200 in the strategy description wasn’t forced through in the past) so with a maximum of 5 (or 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. Will be interesting to watch the performance of Newwave over the next months, to see whether they can keep their positive returns and regain their earlier form, or whether they’ll fade like some other ZuluTrade signal providers who showed great early promise. It’s worth noting that while June still resulted in healthy profits, July was pretty much break-even, and Newwave stopped trading at the end of the month to safeguard their commissions. They also increased maximum open trades from 5 to 6 (which isn’t a great sign). August, September and October were slight improvements and November a pretty good month, though nowhere near the initial profit levels.
Trading4You has been trading on ZuluTrade for 41 weeks (so not that long). Their results however have been very consistent, with average monthly returns of over 900 pips for a maximum drawdown of -1,320 pips. Looking at the strategy and historical trades, this mainly technical trader seems to have a good understanding of market fundamentals and apply a sound risk management approach. I.e. historically, very good risk reward ratio.
However Trading4You doesn’t trade with their own money and has opened up to 10 positions in the same direction in the past. It is also unclear what the ultimate stop level is (and hence the maximum risk). Hence while the results and risk approach so far have been good, because this ZuluTrade signal provider doesn’t trade with their own money, it certainly requires an extra level of trust (and probably some closer monitoring). Hence it will be interesting to see if they can maintain their decent risk/reward ratio, certainly now that they’re on their way to become one of the most popular traders on ZuluTrade. This trader was also fully reviewed in October.
We reviewed SteadyCapture (v) quite a few months ago. Their results over the past 84 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 and have been struggling for form lately.
AlterInvestments is one of the few traders on ZuluTrade who send their signals from a live real money account. I.e. they risk their own money as well which is always a positive sign in our view. This signal provider has only been trading on ZuluTrade for 41 weeks, but so far every month has been positive except September. Total returns of 1618 pips for an account level drawdown of -308 pips is fairly decent. AlterInvestments has applied a solid risk management approach so far as well. The main caveat is that most of the returns were made in a 2 month period, while the results in the other 5 months were just about break-even. Next few months will be key to monitor whether this ZuluTrade trader can get back to their earlier profitable results. We recently wrote a full review on this trader on August 28th as well.
In addition to the above more established signal providers, here are some newer ZuluTrade traders (<20 weeks) 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.