Hi guys

Did any of you heard or tried
http://www.zulutrade.com

from what I understand they allow you to choose among a list of systems that make trades for you.
i also read that they use FXDD

to be honest i have my doubts.
i opened a demo account and i started with $50 000 last thursaday ( 19 feb 2009 ) and today ( 24 feb 2009 ) i have $55 700.

my doubts are mainly regarding to the difference between live and demo.

so if any of you have some input on this please feel free to share. if it's a scam you will help a lot of traders.

thanks,
loopyno

they r zenuine,but in real money and demo lot of difference. u know few weeks back i have traded with them and what ever they traded in a month they lost in one day. coz. their stop loss is upto 500 pips and profit is sometime 10-15 pips. they takes a lot of risk.

first of all thanks for your quick reply

i can confirm a big difference between demo and live because I read a few post on their forum

SO EVERYONE WHO IS READING THIS AND MIGHT BE INTERESTED IN JOINING THEIR SITE WITH REAL MONEY, BE VERY CAREFUL

loopyno

Hi,
I've been using zulu for a few weeks with a demo account and also enrolled as a signal provider. I'd say it has a lot of good potential but the risks are not obvious at a glance.

(Some of) The Good:
You can look at the track record of the signal providers over the time they have been involved, all their trades including good and bad and a few other stats.
The signal provider and zulu get paid a fraction of the spread by the dealer you have an account with, so no subscription cost and you can pick and drop signal providers as you like. Neither zulu nor the signal provider have access to your account, they just pass deals on which you can accept or decline.
You can also see all open trades and modify the S/L or T/P levels yourself if you like.

(Some of) the bad:
The signal providers get paid by the number of trades rather than the quality, which can lead them to put a lot of trades that are all the same. If you're not aware of the practice then you can get exposed to a lot more risk than you were ready for. That can also distort the results in the Performance section of the site, since the pip value of the trade is multiplied by the number of trades.
As long as you're aware of it, that's not great drama, but it does affect the way you read the performance stats.

Otherwise I think it's pretty self explanatory. Suffice to say you need to be pretty careful before letting someone else trade on your live account!! It's a piece of cake to open a demo account. If you want to help bump up my visitor stats you can get there through my affiliate link Zulutrade.com and it should make sense,

Regards,

Couso
Perth, Aus

Hi

From what I read, I understood that the track of the signal provider changes when you go from demo to live. I saw it in a number of posts not only one

This is a false statement no matter what you read. What happens between the Live accounts and the Demo's is that as you well know the LIve accounts get the signals and the trade is placed in real time and the Demo accounts are delayed by 2 hrs ,so what you will see is that the Demo track record drags behind many trades if the siganl provider places a few trades. That is the only reason for the difference between the Live and Demo account but if the signal provider would just stop placing trades the Demo would match the Live within a few hours.

Post number 4 above explains Zulu pretty good, but fails to mention why so many of the Top systems place and open so many trades. The reason is the these signal providers are paid 1/2 pip as rebate for each trade they place ,where other call service providers are paid a flat monthly fee.

Take as an example the "rent a signal" the TSD has. The signal providers from what I have seen are paid a flat monthly fee so they do not have to "chop up" a trade . But in any event most of the "Top" signal providers on Zulu move on to bigger and better things since at 1/2 pip for each trade is a joke .

As for the 500 pip yes that is correct, but that is seen most of the time on the GBP-JPY pair and on a day like today Feb 24 at the London open the pair as a daily range from the Asian trading session of over 250 pips from High to Low and over 500 pips from yesterday's High to Low .If you what just stay away from providers that trade this pair and if you see others that trade a pair say like the EUR-USD and they still have a stops of over 100-120 pips move on and find another, BUT YOU must do your home work ,all in all Zulu Trade results shown are very good and not made up like most of these call rooms around the internet which claim they made 1000 pip in one week and you CAN NEVER match the results they post. (Lies)

ok
thanks guys for sharing you experience with zulutrade.

Just opened my live acct. and a few bumps on the way. Couple of points to make. 1) My acct. looses about 1 pip to their "live" performance. I've spoken them but they say it's the broker so don't expect to get the same entries or exits 2) To simulate a providers results you have to take every trade. Some like IndianLion can have upto 12 trades at one time adding on as the market goes against them. I only traded 2 orders at a time for indianlion and my acct. was down 300 pips on the week while indianlion was up 750. I'm going to open a micro acct. with fxdd and trade zulu. micros trade $1000. pairing, mini is $10,000 this way I can trade exactly what some of the providers do. I'll let everyone know.

I was using Zulutrade service live with AVAFX account. I was using mini account, and at first I got very good results but I failed because I was using to high risk - I have traded using 2 signal providers allowing them to open 10 positions per signal provider..

I had slipped with one of the providers which lost about 55% of initial deposit, then I lowered my risk and gained back 30% and decided to move to FXCM micro account, because FXCM had better and faster execution.

But I had never funded FXCM account, really don't know why now..

Maybe it seemed a bit too high risk to underly to unknown trader, who has 3 months or less past performance.

Also, I noticed that the best results with low risk reward ratio has the new traders - they start with little initial amount of money and carefully trades to get better past performance. And with every trade they become more and more gready - they open the same position 3 or 4 times in a half of minute. So you must be ready to check the provider how much trades he generates within one little period. As my selected provider was opening 2 or 3 trades and later on he moved to open 4 to 5 positions and if they goes wrong - 3 or 4 more. If user does not limits the opened positions, he soon can come lost..

The best way to use this service - open micro account, select few providers who has even graph of pips, not sudden spikes, analyze how many trades they open within the same minute and limit opened positions to max 5 per provider. With such settings you may enjoy steady slow growth, otherwise you will repeat my fate (oh I wish I had read such info before I had traded).

Besides, when I was trading I was looking for a rebate service for Zulutrade, and there were no at that time.. Now you can get rebates from me, just register at my site at ForexTradinChoice.com. As I was calculating, with $5000 account I should have got a rebate of $300-$400 hundreds, so it's to everyone's choice, to use or not to use Forex rebate service.

PLAY WITH RULE

rentasignal rent the provider
zulu trader pay the signal

so it's difference the way collecting the provider
since you pay the signal:
1] maxDD pips
2] Win%
3] Avg Trade (hrs)
4] Weeks
5] Trades
6] Avg Pips

you must know the biggest DD you can pay for