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: September 30th 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 4 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 (> $46,000). An average pip gain of 4.7 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 15 months!), certainly an interesting trader to watch.
This trader is at time of this update ranked #1 in the ZuluTrade ranking and also has the second most amount of live money following them. And a trader which has posted 12 consecutive profitable months like “rjhgbjsdb” (yes easy name!) cannot really be ignored from being mentioned here.
rjhgbjsdb describes their profit targets and money management strategy (i.e. stop levels and potential drawdown) very clearly. And looking at their ZuluTrade trading history, so far it seems the actual results match the strategy. rjhgbjsdb has posted a maximum historic open trade loss of -608 pips and their strategy mentions a target of maximum -600. The monthly profit target of 100-300 pips has also been met every month except 1.
The profit graph in rjhgbjsdb’s ZuluTrade profile also shows a nice consistent gradual increase with the maximum drawdown overall period being the -608 pips mentioned before. Overall the average profit per trade so far is almost 13 pips, which is very good. However, this takes into account November last year which was the second month of this trader on ZuluTrade and had an exceptionally good return. It’s best to ignore that month since it wasn’t repeated since then, so over the past 6 months the average pips per trade is 7.4 pips. I.e. almost half, though still reasonable. This trader mainly trades the EURUSD and GBPUSD pairs.
The main caveats to consider are that rjhgbjsdb does send their signals from a demo account – i.e. they don’t risk their own money on the trades, just their potential future earnings/commissions. And also, rjhgbjsdb has only made about $6,000 profit in total for their top 5 ZuluTrade followers. Based on the very consistent trade history this may sound a bit surprising. However some investors may feel the relative low monthly returns don’t warrant risking high investments for the potential risk.
Nevertheless, based on a consistent 1 year trading history rjhgbjsdb is certainly one of the traders to watch at the moment.
Gece4hr has been trading on ZuluTrade since December 2013 and their overall profit graph shows a fairly gradual increase. 9 out of their past 12 months were profitable too and overall they’ve gained almost 6,500 pips to date. They’ve steadily become more popular as well and now have almost $700,000 of live money following them.
These profits were however achieved against a maximum historical drawdown of 849 pips. However, if you consider that gece4hr opens up to 18 trades at the same time, then this drawdown number is still reasonable. Stop levels are used on the individual trades to manage risk, though they’re set at arbitrary levels, which at the moment seems to be 150 pips per trade. Many top traders set their stops near different support or resistance levels. However gece4hr does on occasions close trades manually in loss before they reach the stop levels which seems to suggest that this trader watches the markets too and doesn’t just use a trading robot.
The average pips per trade profit is 6.3 pips. However because the high number of open trades and fairly high drawdown potential risk/return is something to be considered. So far gece4hr hasn’t made significant amounts of money yet for their followers, which seems to suggest followers aren’t risking large amounts in following this ZuluTrade trader. Gece4hr is sending their signals from a demo account, but is following their own signals from a live ZuluTrade account.
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:mwtechtransilvania
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.