This review of New LEXUS Week EURJPY was written 24th September 2013 at which time this trader was ranked 4th in the ZuluRanking. They also had just over $360,000 of real money following them. Based on New LEXUS Week EURJPY ZuluTrade profile, here our review of this Japanese based trader:
New LEXUS Week EURJPY Pros:
- fairly low relative open trade drawdown
- applies stop levels
- very good average pips per trade profits
- trading on ZuluTrade for > 1 year
New LEXUS Week EURJPY Cons:
- does not trade with own money
- strategy description doesn’t match actual trading strategy
- performance not always consistent
- maximum number of open trades and max stop level not mentioned (though can be guessed)
“New LEXUS Week EURJPY” has been trading for 56 weeks on ZuluTrade and their profit graph (see below) shows an overall increase. While not gradual the increase seems to have been achieved in 2 major bursts, while the drawdown seems to have been fairly acceptable over the 1 year period.
In fact maximum open trade drawdown was 170 pips while account drawdown was 572.3 pips. For an overall profit to date of 2,367pips, certainly the open trade drawdown is relatively low.
This trader describes their strategy in their ZuluTrade profile as trading multiple pairs using 2 swing type strategies. Overall though the strategy description is fairly vague and first thing to note is that so far New LEXUS Week EURJPY has only traded the EURJPY pair. This ZuluTrade signal provider also doesn’t mention anything about the maximum stop level or number of open trades suggested to follow their system.
However, so far a maximum of only 2 trades have been opened at the same time. New LEXUS Week EURJPY also seems to clearly apply stop levels. While the maximum stop level isn’t know, the worst trade was stopped out at -171 pips and other trades were stopped out around the -160 level. Profits on the other hand are left to run with the best trade so far returning 381 pips. An average return of 23 pips per trade is a very healthy number on ZuluTrade.
In summary, New LEXUS Week EURJPY has so far overall returned some reasonable results with a fairly low risk strategy (using only maximum 2 open trades and clear stops). However, with their strategy, account drawdown has to be taken into account as well as a longer term view, since there have been periods of 3 to 4 months when no additional profits were made. They also don’t risk their own money.
Please note that any ZuluTrade trader reviews on the Social Trading Guru website are included for information purposes only. They are not advice or endorsements of that trader. Trading FX can be very risky. Always consult an independent financial advisor if not sure. Never invest money you cannot afford to lose.