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: August 1st 2014
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.
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).
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.
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.
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.
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.