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 9th 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 4 consecutive trades at a time (sometimes up to 6) 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. Resent months have again been positive though.
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 (> $400,000). An average pip gain of 5 per trade is positive but not very large so always take into account any slippage which may occur (though because their trading strand the fact they trade the EUR/GBP pair this is normally low unless your broker has a high spread on that pair).
But, based on the last 2 years performance, certainly an interesting trader to watch.
We reviewed SteadyCapture (v) quite a while ago and they’ve been listed here for over two years. Their results over the past 161 (!!) 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).
It’s also worth noting that they posted some significant losing months in July and October 2014. However, one or a few losing months doesn’t make a trader bad. It’s how they recover which is important. On both occasions SteadyCapture gradually managed to recover all losses. At the moment they’re again trading at their peak and over the full trade history their ZuluTrade performance graph looks very gradual. SteadyCapture (v) did recently make a comment about slightly changing their strategy so just something to keep on eye on.
It’s fairly easy to see why PooTumVV has become the most popular trader on ZuluTrade in terms of money following them. They’ve been profitable 11 out of the last 12 months, but more importantly, they’ve done this with a strategy which only opens up 1 trade at the same time. I.e. the risk is well managed. The worst trade was closed at -89 pips, though overall the account drawdown has been over 600 pips (something to consider since with this trading style this will be more than the open trade drawdown).
PoomTumVV only trades the EUR/JPY pair which can be quite volatile, but as mentioned above, the worst trade was closed on -89 pips. The best trade made 130 pips. With pips profit of over 14, slippage should not be a big worry or issue. On the other hand, this trader also has a few other ZuluTrade accounts which have “bombed”. So while PooTumVV has been going ok for 101 weeks so far, something to consider.
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.