ZuluTrade Traders (Signal Providers) to Copy and Follow

ZuluTrade Traders to FollowHere 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: August 1st 2014

SteadyCapture (v)

We reviewed SteadyCapture (v) quite a while ago. Their results over the past 118 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 did just post their for losing month (July 2014) in 8 months. One or a few losing months doesn’t make a trader bad. It’s how they recover which is important. The last time SteadyCapture posted a significant losing month (September 2013) they gradually managed to recover all losses. It will therefore be interesting to see if they can do the same again.

View SteadyCapture (v)’s full historical performance on ZuluTrade here

SwissRunner

We review this trader in June 2014. Their performance before and since then has been fairly consistent. In addition, SwissRunner follows their own signals via a live account, so they risk their own money as well. They only trade the EUR/CHF pair, which is a pair with normally very low volatility. I.e. overall this means less risky.

This trader does however opens up to 18 consecutive trades, and with no fixed short stop levels, this means drawdown can occur. This has indeed happened in the past and historical drawdown is fairly high compared to the average monthly returns. The monthly profits have also gradually become a bit smaller, though it’s almost 1 year ago since SwissRunner had a losing month. They’ve also generated some good profits for followers, though had 4 other accounts with negative results on ZuluTrade (something to bear in mind).

View SwissRunner historical performance on ZuluTrade

PAMM Deposit PLUS USD

This trader is currently#1 in the ZuluRanking and also has the most amount of money following them. They managed this within 26 weeks. Normally we find this still a short period of time to write a detailed review of a trader, though on popular demand we’ll soon write one.

On first impression, the results of this trader until now have been excellent and they’ve made significant actual returns for their followers. In addition “PAMM Deposit PLUS USD” mentions in their ZuluTrade strategy description that they trade manually and not just using an automated system, and … this trader actually sends their signals from a live trading account. So they fully risk their own money as well. Risk seems to be manage well so far and an average returns of 14 pips per trade is healthy too.

The main caveat is that with up to 30 open trades drawdown can increase fairly quickly. In the past it’s been 1,333 pips, which is relatively low compared to the average monthly returns. However it’s likely future drawdowns at some stage may be higher. Based on the first 6 months on ZuluTrade “PAMM Deposit PLUS USD” has done very well. The next 6 months will be interesting. Especially now that they started trading for many followers as well.

View PAMM Deposit PLUS USD profile and on ZuluTrade

First Eagle

This trader has been trading on ZuluTrade for 68 weeks. We wrote a full review on First Eagle in March 2014 in which we described their performance over the last 6 months before that review as pretty decent on ZuluTrade. During that period they achieved consistent profits without taking too much risk. First Eagle only opens a maximum of 4 concurrent positions and historical open trade drawdown (-460 pips) has been very low. Their strategy is very much day trading strategy, so they don’t sit on losing positions in the hope they eventually turn profitable. However you therefore have to consider account drawdown as well. This is evident when you look at their performance for their first 5 months and past 2 months on ZuluTrade, when the performance was note that great. I.e. during those periods, while they’ve not hit large open trade drawdowns, they hit some losing streaks which gradually decreased their account balance.

A key caveat though is that this trader does send their signals from a demo account (like many on ZuluTrade) and hence doesn’t risk their own money (just their future commissions). In addition, their performance over the past 2 months has not been very good. First Eagle booked some losses, though these were still kept within certain limits (i.e. they still managed stops and only opened 4 consecutive trades, though they went on a losing streak). Again, they’ve gone though some poor periods before, after which they recovered well. However, this was before they were trading for lots of followers. Again interesting to see how they perform over the next 3 months.

View First Eagle trading history on ZuluTrade

Calipsofx

Calipsofx have been trading on ZuluTrade for 112 weeks. They’re currently in the top 30 in terms of money following them. They may not look like the most exciting signal provider on ZuluTrade because overall pips profits are not massive. However the results have been achieved by only opening a maximum of 2 trades at the same time. Calipsofx’s historical drawdown has been low and profits were gradually increasing. However the past month they posted a relative large loss, meaning their results over the past 6 months together are break-even (which for followers would probably mean a small loss, taking into account slippage). I.e. if this trader is to maintain their ZuluTrade followers the results will certainly need to improve over the next few months. A positive sign is that Calipsofx follows their own signals with their own live account.

View Calipsofx profile on ZuluTrade here

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.

Comments

  1. I agree with you and follow my self both Kama-Spot and FX Profit Runner.
    On my demo account I noticed that Saved FX had actually lower DD than Kama-Spot. That’s interesting and maybe has something to do with more trades to open before you corner yourself.

    Qurenix seems to have a bit too high risk for my appetite and EURO Scalper I has been performing poorly for the last months. I suggest the you review EURO Scalper I again to confirm its performance!

    I have found few promising and hopefully consistent low risk traders: Azar Consulting and T.C.Y.
    And here are two possible challengers for this category: EUReka V and MyEURZulu.
    All these has low DD and they try to conserve capital closing losses quickly.

    Than you for a great site and insightful reviews that have helped me a lot!

    • Social Trading Guru says:

      Many thanks for the nice feedback and for the suggestions. We’ll definitely have a look at them in the next few days and potentially do some full reviews on them as well.

      With regards to the DD difference between Saved FX and Kama-Spot it has indeed to do with the combination of the number of open trades and the market movements. Saved FX tends to open more trades than Kama-Spot, and they’re normally added to already losing positions. If the market quickly turns after the extra positions have been added, the DD of Saved FX will reduce much quicker than the one of Kama-Spot because the additional positions will become profitable and therefore help reducing the DD from the initial open trades more quicker. However … if the market didn’t turn (there’s never a guarantee) the DD of Saved FX would be increasing at a much higher pace than Kama-Spot. Hence with 11 vs 5 open trades we would still expect a higher DD for Saved FX in the future.

  2. steadyandras says:

    Hi. When I first discovered the Zulutrade website I almost fainted..The top traders are just mostly gamblers. If you see the top 10 SP’s in the amount following column, I guess only two has strict strategy. So as a trader I decided to register as an SP.I wrote down my strategy I have strict money management and I make a comment on each trade with the SL and TP levels, and I wrote down why did I opened that position. You can visit my profile at zulutrade my SP’s name is the same as my nickname here.I experienced that not only the SP’s don’t know what should they do.. I always write down my target price but the followers are afraid of losses and they close it with small profits.I don’t like small profits. I like small losses BECAUSE WE NEED SMALL LOSSES TO AVOID HUGE LOSSES and I like huge profits.I would be happy if you have questions about my strategy:) bye steadyandras

    • Social Trading Guru says:

      Hi. Thanks for the feedback. Your approach and strategy sounds good. So far there’s only 2 weeks of trading history to look at for us, but we’ll definitely keep an eye on your progress from now on. Good luck and hopefully we can feature/review you on the Social Trading Guru website in the near future.

  3. Kama is having a draw down of 650 pips right now and positions are opened 5 days. I believe he should have closed these trades and accept the losses. I hope i am wrong but seems that this trader doesn’t protect followers capital, only cares for his statistics. Rarely communicates with his followers.

  4. Thanks for the update list.
    Excellent performance for “The good life1″. I don’t like that he doesn’t communicate and I agree that strategy description is poor.

  5. Steven Kolov says:

    Hey Kurt,

    I’m Steve, ex-Trader rapidly changing in to an infopreneur & investor.

    First of all I must thank you for the great service you’ve done so far. I used to be a follower, reader or a fan of your blog for a long time. Just decided to log-in & comment about few things I’ve noticed!

    NewProfitsWave isn’t going to be a good pick at all. I myself followed him for sometime & discovered that he’s using premature intuition to take his trading decisions along with confluence from weekly charts as he updated his exponential moving average based trading strategy few days back. All of us know that weekly charts are not going to give an advantage for a signal provider unless there’s some luck come in to play. Frequent high draw-downs from weekly charts can chase away loyal follower base in few days. Current drawdown of 1000 pips makes me, duh! :D

    About niuniueurox3,
    Are they same as ejirixiantup? I havn’t followed this guy.

    Keep us posted about new opportunities too!

    Thanks again.

    • Social Trading Guru says:

      Hi Steve,

      Many thanks for the comments. Fully agree on NewProfitsWave (hence why it’s important to evaluate after 6 months and not after a few weeks :-)

      While their accounts are not linked (“also know as”) in ZuluTrade, those two traders you mention definitely look the same (and not just the pictures). Main difference is that one trades the EUR/USD pair and the other one the EUR/JPY pair (and one uses a live account and the other a demo). Since it seems they’re using an EA, it could well be the same EA being used on two different pairs. Still early days though for a full review or to make a proper opinion about either of these two providers.

  6. Excellent choices, that’s my portfolio except Newwave. Keep up the great work!

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