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Originally Posted by Optional
Looks interesting.
I wonder how they count pips there... the cumulative results for the top performers seem VERY high at first glance.
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Check out this posting on their forum:
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I think all providers, must open only one lot. More lots, is a big error.
In this way, all are in same conditions. We need see what provider is the better with a only lot. One provider can put 10 lots, and be first in a week, and then fall in a day, its dangerous, because a client only see in performance how many $ win this system and then open account with this provider when this provider is poor with one lot.
The performance no is real if provider put many lots. It don’t would be very real. How many investors are prepared for 10 lots?
I think its important put only one lot in performance, and then each client choose how many lots put in the account.
Zulutrade must be in consideration this. FxAuto works with one lot in all providers.
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So the signal providers are being dishonest and cheating! Bastards!
They gain 700 pips but in reality it is only 70 pips.
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It seems lately that alot of clients and signals providers using our system have had this similiuar complaint of to many lots being opened at one given time. I have placed on our FAQ section, how clients can easily manipulate the number of lots being created in their account. Also we have narrowed the max open lots selction to drop as low as one. So in turn a client can first select that each trade carry no more than one lot per trade. Then he can select the max open lots to be one, thus no more than one trade with only one lot can be opened at any one time. However i do believe that depicting our signal providers performance in the sense of displaying all lots, even though its the same trade at the same time, over and over, should be corrected in their portfollios. We are looking in to this as we speak. Please always let me know whats on your mind.
James Saunders
Account Executive
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Well at least ZuluTrade is on the ball and doing something about it.
"drawdown and use 2 or 4 lots/pair/trade only starting on 17th September 2007. Good Luck!."
Is what the top performing signal provider has said so from here on we should see more of a typical performance, because let's face it, there are only a few people out there who can trade with 10 lots a once. I know I certainly will NOT.
Once I have some spare time I'm planning to demo trade this top signal provider for a while and see how it goes. But as far as going live I don't know as I'm still a bit soured from my experience with FX Auto (it was all my fault really but anyways).
Is there any brave soul here who already is trading live using ZuluTrade's signal providers?
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