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: February 26th 2014
Newwave has been trading on ZuluTrae for 55 weeks, just over 1 year. In this period they managed to get to the number 1 in the ZuluRanking and 1st spot in terms of money following in the past. What was impressive is that they actually managed to post their best month in May, after they already got a reasonable amount of followers. With many traders who show some early promise on ZuluTrade, the results seem to suffer once they start getting many followers.
Returns of 11,112 pips for a drawdown of 1,010 is pretty good. It is however unclear what stop levels are used (the 200 in the strategy description wasn’t forced through in the past, even as recent as January) so with a maximum of 6 open positions it’s likely drawdown will be higher at some stage in the future. However some trade cycles have been closed in a loss, which is normally a sign that the trader follows the trades closely and doesn’t keep trades open until they eventually turn profitable. As with many traders though, it would give some more confidence if they actually traded with their own money as well. A key point to not here is that Newwave just had their worst month to date (after pretty decent November and December months). One losing month doesn’t make a trader a bad trader (occasional losses are inevitable and no-one can be expected to win each month). However, top traders are defined by how they recover from a poor trading run. Do they stick to their strategy and principles, or do they panic and try to recover from the losses to quickly by taking excessive risk? Only time will tell and the next few months will be interesting for Newwave. Can they return to booking positive returns and regain their earlier form, or will they fade like some other ZuluTrade signal providers who showed great early promise?
We reviewed SteadyCapture (v) quite a while ago. Their results over the past 95 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 their best month to date for July and August was relatively a good month as well for them, but … they posted their largest losing month in September and have been recovered those losses since then, albeit slowly.
Calipsofx have been trading on ZuluTrade for 90 weeks. They’re currently in the top 10 in terms of money following them and 15th in the ZuluRanking. 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 have been gradually increasing. Not every month or trade is profitable with their strategy on ZuluTrade. A positive sign is that Calipsofx follows their own signals with their own live account.
Trading4You has been trading on ZuluTrade for 53 weeks. All the way through 2013 their results were pretty consistent, with average monthly returns of over 900 pips for a maximum open trade drawdown of -1,320 pips. I.e. historically, very good risk reward ratio. However the results for 2014 so far have been poor. Again 1 or 2 bad months don’t define a trader as results should be evaluated over the longer run.
Just like with Newwave it’ll be interesting to see how Trading4You recovers from this poor run. An interesting observation is that they started trading a wider range of instruments, instead of mainly trading the EURJPY pair. I.e. they clearly are adjusting their previous strategy and approach. Is this a panic move or a calculated move based on new market conditions? So far it looks more like the former and they have now lost their position as the most popular trader on ZuluTrade (in terms of money following them). But again evaluations should be made over a longer duration.
It’s also worth noting that Trading4You doesn’t trade with their own money and has opened up to 10 positions in the same direction in the past. It is also unclear what the ultimate stop level is (and hence the maximum risk). Hence while the results and risk approach were good in 2013, because this ZuluTrade signal provider doesn’t trade with their own money, it certainly requires an extra level of trust (and probably some closer monitoring). This trader was also fully reviewed by us in October 2013.
In addition to the above more established signal providers, here are some newer ZuluTrade traders (<20 weeks) 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.