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: April 2016
With only 41 weeks of trading history on ZuluTrade, ConradBFX is still a fairly new trader. However, 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 $25,000 profit for their followers to date does no doubt help their popularity.
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. 1,400 pips historical drawdown is fairly high when compared to the average monthly returns. This should be taken into account when sizing the investment.
Another importact 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 16.4 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 definately 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.
With only 26 weeks on ZuluTrade Hubacius is still a relatively new trader. However, their strategy description (obviously non confirmed) states that they have 8 years of forex experience.
And if the last six months are anything to go by this may be the case. Results have been very good to date. Average monthly return is over 500 pips and average pips per trade return is over 20 pips (which is really great on ZuluTrade).
This return have been made against a maximum open trade drawdown of 334 pips. So average monthly return are higher than the maxim drawdown to date (or the maximum expected drawdown of 500 pips).
The worst trade was -120 pips and it’s very clear from looking at the trade history that Hubacius uses stops on their individual trades. The best trade was 158 pips and many trades were closed in profit of over 100 pips (most of the time at clear take profit level). I.e. this ZuluTrade trader does take decent profits on trades, without being too greedy.
Maximum open trades is 4, which does contain the risk. The majority of Hubacius’ trades are in EURUSD though they trade all the other majors as well. The updates also seem to suggest the trader follows the markets and news events. I.e. it’s not just an automated trading robot.
The main caveat though is that the trader sends their signals from a ZuluTrade demo account (though they claim they have a profitable live account but use the demo account to send signals in order to get faster market order execution, lower slippage and overall better results for you).
So far a very promising trader and will be interesting to see how their performance progresses over the next few month now that their popularity on ZuluTrade is increasing.
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 (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.
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.