New version of popular ZuluTrade iphone app!

Access and edit your ZuluTrade account from any location using the ZuluTrade iphone app!

What's new on the ZuluTrade iphone app:

 Summary of positions per Currency
 Provider's comments and ratings. Users can read or post comments and ratings
 Added sound notifications for positions on open and close events
 Added a scroll bar on Signal Provider's Profile, so all stats can be seen
 Fix of occasional crashes when the user was logged in
 Improved performance
 Minor UI improvements

PIRANHA, ZuluTrade Signal Provider Review

Welcome back to the ZuluFX.

This strategies are a blend of technical analysis and some indicators. The system is taking advantage of a set of MA (Moving Average) to produce its signals. It is designed for the M5 & M15 Timeframe, and can be used on 6 currency pair.
We will provide you with signals for the following pairs: AUDUSD, EURUSD, EURGBP, EURCHF, EURJPY and USDCAD.
Stop Loss range between 30 to 50 pips and fixed. Take Profit range between 35 to 60 pips and fixed.
Our system uses the Hidden Trailing Stop to protect your profits.
In cases of loss in trading, recovery system will be activate; And will increases the number of trading. For synchronization with the Zulu money management; recovery system, Instead of increasing the volume of trade; will increase Total Trading.
Usually in the same time we have 1-3 open positions, maximum 5 trades. If the recovery system is activated; Trading is the maximum level, will be increase to 10 numbers.




PIRANHA, ZuluTrade Signal Provider Review

Autotrading with ZuluTrade: Now Available on Your iPhone!

We have great news for those of you with an Apple mobile device! We're pleased to announce the latest innovation from the team at ZuluTrade: the Alpari zTrader app, developed exclusively for Alpari clients with an iPhone, iPod Touch or an iPad. While other mobile trading applications allow users to only make trades manually, the zTrader app sets itself apart by giving users access to automatic trading.

With the Alpari zTrader app, you can:
) Gain access to the interbank currency market from anywhere with a wireless signal
) Choose from hundreds of autotrading Signal Providers
) Get a complete trading history of any Signal Provider and learn about their performance and strategy
) Make trades manually with only one click
) Have complete control over your trading account and react to market changes any time of the day

The Alpari zTrader application is free to download and available to anyone with a ZuluTrade account (demo or live) with Alpari.

Begin experiencing the benefits of autotrading today. Open an account, download the application and start making a profit, wherever you may be.

Download >>>
User Manual >>>
Open a ZuluTrade Demo Account >>>
Open a ZuluTrade Live Account >>>

Alpari Launches a New Platform: Zulutrade

ZuluTrade is a free service that automatically trades forex signals provided by third party signal providers. You simply pick one or more trading systems from the hundreds that are available and use Zulu Trade to automatically trade the signals given.

Alpari always strives to find new ways to make trading simpler and more convenient for our clients. Alpari latest step towards this goal is the launch of a classic.zulutrade account and the unique ZuluTrade trading platform. The main benefit of this platform is that it provides you with the opportunity to receive signals for automated trading from a large group of experienced traders. This new platform should be especially interesting for novice traders as you don't need to be a Forex professional to successfully work with the Zulutrade platform. It's enough to simply choose a suitable strategy.

ZuluTrade New Features – Slippage Chart & Signal Provider Broker

ZuluTrade is constantly improving its service and is proud to introduce two New Features on the Signal Provider Performance page.

• Slippage Chart: This new chart displays the average slippage (in pips) each broker has depending on the selected Signal Provider. Slippage occurs when the trade results of a live follower, are less than the results of a Signal Provider. This can happen due to the difference between the feed in a Signal Provider and a Live follower account, or due to execution latencies.

• Signal Provider Broker: Displays the broker that each Signal Provider uses.

Click here to open a free Zulutrade account.

What Can We Learn From An Equity Curve?

When we choose a forex trader to use as a third party signal provider we want someone with a smooth steady uptrend in their equity curve.   The aim of this article is to point the reader in the right direction for things to look out for when examining a potential signal provider' s equity curve.

The first thing we want to look out for is a trader who made all of their profits in one place (graph to the right).  As you can see from the equity graph to the right, this trader made nearly all of his profits in a day or 2.  This generally means that the trader took huge risk to make an attractive profit on paper and attract investors.  What you don't see is that if these risky trades are not successful, the trader simply abandons the account and starts a new account with the same goal in mind. 

Remember, I'm not saying that a huge win in a short period of time is a bad thing.  I'm just commenting that this particular trader has nothing to lose when this gain is made and there is no reason for him to not just abandon the account if the trade goes bad.  Some traders start with nice gains and are very good traders.  This is just something to look out for.

The next type of trader we look out for is the trader who has regular dramatic losses (graph below).  In the graph below you can see the repeated

 

  dramatic losses this trader takes.  The reasons for this could be a number of things.  When a trade goes wrong for this trader the wheels may just come off and his system may go out the window.  More often then not though (and it is the case with this trader) they pyramid losses.  What this means is that they constantly keep adding to losing positions in hopes that they were originally right about the trade and they will be able to make huge profits.  As you can see the effect is most often the exact opposite.  

As a trader you should know to only add to your winning positions.  I would think if you were going to let someone else trade with your capital you would want to be sure that they knew this very basic rule.

At the time of this writing this particular trader has over 20 systems up and running with more than 500 people trading his signals.  Under 20% of his systems are winners over all and I suspect within a short while that number will drop to 0%.  Adding to losing positions in part of his system.  Its only a matter of time before this fatal flaw catches up with him.  Make sure that you're not around trading signals like this when it finally does.

When you see a graph that looks like it goes in a pretty steady up trend (below) with few major draw downs you have probably found a trader that is at least worth a closer look.  There very well may be other reasons not to trade this particular signal provider, but at least now you have a trader that you can stick in your demo account and gather more information.

Click here to open a free Zulutrade account

Zulutrade and Case Sensitivity

Signal Providers names are case-sensitive. To see how confusing this can be, consider the fact that there are 2 signal providers, one called Bigwin and another called bigwin. Let's take a look at the 2 providers to see how much difference one character can make.

First let's look at bigwin. My first impression is that he has a lot of aliases. This means he has a lot of experience, but also has tried a lot of different things. The other thing I notice is that he previously traded under the provider name auto-fx which I previously blew out of because he would enter positions and just wait for them to come back.

You can see this behavior right away in the performance results. For three month's activity, he has +400 pips closed profits, but he has -600 pips in open positions.

Finally, scroll down (not shown on the left) and he has 98% winning trades. In fact, he has 99 total trades and only one loosing trade, minus -993 pips. A signal provider that does not take losses is a red-flag. This is because since he's not playing with real money, his only objective it to "paint the tape" with winning trades. Sadly, this will draw the unsuspecting Zulu-novice and trash their accounts.

Next, let's take a look at Bigwin. Notice straight-away that he has only one alias. There was a time (prior to Q1 2009) when providers could open accounts under many different names and we had no way to tell who was who. The fact that this provider has only on other account is a good thing.

Next, notice that he has no open losses. This means that he either makes good trades with minimal drawdown, or takes losses when they occur.

Finally, scroll down (not shown) and notice that he has a more reasonable 82.5% win rate. This means that he a high win rate, but not unreasonably high.

Does Bigwin always make money and never loose? Let's take a look and some other time-frames. He has no trades in the past 3 days. But he has shown positive returns in the 7-day, 3-month and 6-month time frames. He has lost money only in the 1-month time frame, and this was on the GBP/USD move up to 1.70 which has since re-traced, but not without doing some damage.

Provider selection criteria for Zulutrade

Here are critera for selecting signal providers. I'm a relatively conservative investor and I want to grow the account, as safely as possible with capital preservation a high priority:

1) No large, open drawdowns.
I avoid providers that hang onto large, loosing positions for weeks or months. Ideally the provider should have no open trades, since I usually do my analysis on the weekends.

2) Consistent effort
I need to see at least one trade every 2 weeks or I assume the provider is disengaged.

3) 85% or better winning percentage

4) No "Painting the Tape".
Whenever I see an entire screen worth of the same trade, I assume the provider it taking multiple open positions. I'm limiting my trading to 2 open lots per provider at one time, so this is a negative.

5) No large drawdowns in History
Whenever I see multiple trades going more than -200 pips, in the account, that's bad. My stops are set to about 150 and those trades would all be loosers for me. Plus, I can't understand the fact that a trade would go that far against the provider without them closing it. I can't take those type of drawdowns.

6) Must have at least 3 weeks history.

7) Must have live, subscribed users.

Click here to open a free Zulutrade account

Tips To Help You Chose A Signal Provider On ZuluTrade

There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and Zulutrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it's completely FREE!

This is probably one of the most important aspects to Zulutrade is picking a Signal Provider to trade for you. From the statistics provided by the site there is over 1,200 traders to pick from.


performance statistics

Zulutrade has made life a little easier by providing detailed performance statistics.

1. Signal Provider - is the name of the 3rd party expert signal provider

2. Graph - shows the history of accumulated pips. You can select different time frames to display results, from 3 days up to 2 years. This a great visual indicator for when you are scrolling through the different providers, you want to pick one with a consistent upwards trend.

3. Pips - is the total amount of pips that the signal providers has made.

A pip is the minimum movement of a currency upwards or downwards. To calculate each pip for every currency, divide 1/ (currency pair exchange rate) Ex: 1/224.92 (GBP/JPY) = 0.00444 GBP. If you’re trading a 100:1 leverage account, then multiply this with 100. Ex 0.00444 x 1000 = 4.44 GBP. To transform this to USD just convert it. Ex: GBP/USD = 1.9377 x 4.444 = 8.6 USD / pip

Another example is to calculate a pip for GBP/USD. 1/1.9377 = 0.516 GBP. For a 100:1 standard account, multiply that with 10. Ex: 0.516 x 10 = 5.16. To convert in USD multiply with 1.9377. Ex: 5.16 x 1.9377 = 9.98 USD / pip

4. Profit - is the total amount of money in dollars that the signal provider has made

5. Trades - is the total amount of currency trades that the signal provider has made since they have been a memeber on Zulutrade

6. Avg Pips - is how many pips they make on average per trade

7. Win % - out of their trades this is how many were successful, which mean that they are in positives for pips

8. Avg Trade (hrs) - this is the average length in hours that open trades last for.

9. Weeks - how many weeks the signal provider has been trading on Zulutrade

10. Max DD pips - this is the biggest drawdown that the signal provider has experienced in their history of trading on Zulutrade. I find that the smaller the better, other your equity is in danger if there is a big drawdown.

11. Users - this is how many registered users are using this signal provider to trade for them

Before choosing a provider:

Before we get into choosing a provider we need to have a good understanding of what a third party signal provider is. A signal provider is a trader or analyst that generates trades that in turn get placed on your account. You can have several signal providers trading your forex account or just one.

All of these performance indicators play a big part in the decision, there is not just one component to consider when picking a provider. You have to take everything into consideration including their profile and description that they provide. This will detail their trading strategy that they use. To get a good feel for how this all works is to have a good look around and analysis individual signal providers.

Another excellent feature is that you have sort by any of the headings at the top, all you have to do is click on one of them. For example if you would like to see who has the most user you would click on the Users heading.

Like anything else, all third party signal providers are not created equal. At first glance a trader may look like a home run. That same trader may well end up completely torpedoing your entire account in one afternoon. To help make sure this doesn’t happen we’ll set down a few guidelines. These guidelines will give us something to look for when choosing our third party signal provider.

1- Choose A Winner - This may seem obvious to everyone but it goes a bit more in depth than first glance may imply.  Not only will you look at profit in both pips and actual dollars, but you should also take a look at pips per trade and how many trades that system generates per week.  If one system generates 10 pips per trade but only makes 3 trades a week you average 30 pips per week.  You may have another system that generates only 6 pips per trade but generates 25 trades per week.  With this system you make 150 pips per week.  All things to consider.

2- Choose A Trader That Is Established - I often see traders with only a week or 2 of history and they have 20 or 30 people trading their signals.  Generally less than a month later these traders are deep in the red and their 20 or 30 investors have moved on to the next signal.  Remember that anyone can go on a run for a week or two.  Make sure that you have someone who has proven themselves for at least a couple of months trading your account.

3- Check The Max Draw Down - A really big draw down often equates to a trader that cannot cut his losses.  Since he isn't trading with real money he can leave a trade open until it turns a profit.  That will often lead to a good trading record on paper but in actuality it will make you(the investor) go broke.
This is the largest peak to trough draw down in equity that the trader has historically had. Some traders refuse to take a loss. This causes them to hold on to losing trades forever or until they turn to a winner. Turning a loser into a winner sounds great, but it will eat up a huge chunk of margin and may never turn around. If it doesn’t turn in your direction, you will have your entire account destroyed by a trader that could have taken a 30 pip loss but held on until it was an 800 pip loss.

4- Look At The Actual Trades - Once you narrow it down to a few traders its time to look at their actual trading history.Some traders have a great track record and have made a lot of money in a short amount of time.  The first thing I look for is if they are opening the same trade over and over.  ie. Some traders will go buy 1 lot of EUR/USD 25 seperate times at once. 
This means that if the trade goes in their favor, all of a sudden they have 25 winning trades in a row.  It causes their results to be skewed and makes them look a lot better than they are at first glance.  If you are trading a signal provider like this you will often find yourself getting margin calls as well as he continues to open trade after trade and never closes the previous ones.

5- Make Your Own Decision - Just because a signal provider has hundreds of people trading his or her signal does not make them a great choice for you.  Do your own homework and decide which system is best for you.

6. Choose a signal provider that suits you - Some traders may provide larger returns over time, but take bigger risks leading to bigger draw downs. This might be OK with you. If you are more conservative and cannot stomach large drops in equity you probably should choose a more conservative trader.


These are just a few things to look for when choosing a third party signal provider to trade your forex account. You should always trade a demo account before opening a live account with real money. Remember it’s your account. In the end you choose the signal providers, and you are responsible for what happens.

If you haven't yet signed up for a FREE demo account  Click Here.

ZuluTrade Margin Call -o- Meter ?

the Margin Call -o- meter ™ is a quick, graphical way of letting the user know how likely they are to blow-up their account based on their provider and account settings. The data appears as a thermometer-like zero to 100 scale. They even color-code it so that low numbers are a nice soothing green and the higher-risk values are a high-blood-pressure inducing orange to red. As you can see below, the meter shows my current odds of blow-out at 82.8% which is pretty high for a conservative guy like myself.

By way of background, Zulutrade updated the o'Meter in the past few months to include a calculation regarding the number of open positions each provider is likely to open. To prove this, let's take a look at a few sample setups.

First, setup your account for provider Bigwin. Click the Advanced link and set him for 1 Max total open trades with a Stop value of 180 pips. The screen will look like this:

Next, setup your account with provider Pro-B5. Click the Advanced link and set him for 1 Max total open trades with a Stop value of 180 pips. The screen will look like this:

That's a pretty big difference, 58% chance of blow-up versus 2.1%. What's the difference? You can't see it on the setup screen but its the number of concurrent positions opened by the provider.

Why should Zulu so strongly consider the number of open positions? Its because Zulutrade is merely an interface which passes orders to the FCM for execution.

Consider the scenario where ZT sends a trade to the foreign currency merchant (FCM). FCM executes the order but for whatever reason the confirm doesn't make it back to ZT. Signal provider sends another order, but ZT's order limits are not honored because as far as ZT is concerned, you don't have a position open. From there it gets ugly and you can imagine what happens next.

Anyway,

How you can calculate your margin and be aware of Margin Calls:

I am having doubts as to the accuracy of the ZuluTrade Margin Call -o- Meter. So please be careful with it. In this case it may be over-cautious, which is not such a bad thing. It should be perfect though, when dealing with money.

According to my calculations below (see the screen shot), I believe there is a bug that the "Max Open Lots" factor is not correctly taken into account. Feel free to check my mathematics though !

So this is just a friendly reminder to anybody using ZuluTrade that it is probably best you understand how Margin is calculated, and what your individual brokers set their margin call ratio at. I believe FXDD broker is 100%.

I will briefly discuss how you can calculate your margin and be aware of Margin Calls. If you hit a margin call your broker WILL usually forcefully close all of your trades in progress, which may be devastating.

At present I am using 3 signal providers. I think it is prudent to always tick the "SAFE" over ride stop loss feature, in case they do not use a stop loss, to protect yourself. The amounts I have used are based on careful excel spreadsheet analysis. I also choose advanced currency options and untick the currencies that the signal providers rarely use, have bad results with, or never use, again to protect myself. For signal providers who trade various currencies, I will select individual Stop Losses, per currency, again based on excel spreadsheet analysis.

My concern is that I think the 153% margin, based on my $2000 USD account is inaccurate.

Worst case scenario here is if my 2 riskiest signal providers, get near their maximum drawdowns. Pro-B5 @ 190 pips and Creative Trading @ 450 pips.

I calculate GBP/JPY on a 10,000 (Mini) account to use $83 margin per 1 lot. Plus drawdown @ $1.06 per pip. Worst case scenario here with maximum drawdown (not including the cost of spreads) I calculate somewhere around $678. Which is more like 33% Margin used. Nowhere near the 153% Margin Call as quoted by ZuluTrade.

See screen shot below, I believe the ZuluTrade formula is faulty, and advise you to use caution, even if it is over cautious, it is best to know how to calculate this yourself. If you are not using the "Maximum Open Lots" feature, I believe it is more accurate.
 

Click Here to sign up for a FREE account to get started.

Setting User Account page in zulutrade

Let's take a look for the main window of auto trade system
Like the No. in the picture


1. ACCOUNT SETTING
2. OPEN POSITION
3. PENDING ORDER
4. TRADE HISTORY
5. CREATE ATRADE
6. ACCOUNT No. +EQUITY
7. A PPOINT to view the profit in the month and from the beginning of the account

ACCOUNT SETTING

The client has full control over your account in the way each selected provider will trade it.
Lets first start with every function and how to use it under your account settings tab.

1-Backtest. Your signal provider: Its show the graph combined performance for the selected providers in your portfolio. It does not take into account custom settings (stop, limit etc), but the exact trades as recommended by the signal providers.

2-Margin call:
Avery bad situation when the floating loss in your account is threatening the $ amount reserved by your broker to keep your position open

3- Signal provider:
Its appear the provider you choose to deal with him

4-Lots/ Trade:
This selection pertains to the total number of lots that will be traded for each individual trade by that provider

5- Max total open trades :
The maximam number of trades this signal provider is allowed to open

6-Max open trades /currency:
This setting pertains to the total number of lots that can be opened and/or pending at any one time in your account. This is a drop down menu selection that ranges from 1 to 500 with different incriminations along the way, and also has a no limit setting at the end.

7- Reverse:
This is a checkbox next to each provider?s name that you have selected in your account. It is a fact that some providers don't send good advice. Even more, their market predictions are so wrong that it can be profitable to do the opposite of what they suggest. So when they say buy you actually sell, and vice versa. When reversed, some of the worst providers outperform even the best ones. Toggle the reverse checkbox and see for yourself how profitable some providers can be.

8- Limit, Stop, Save :
These settings can also be found next to each provider you have selected in your account. Limit is a setting that if put in place by the client or a provider it will close the trade at a given profit. Stop is a setting that if put in place by the client or a provider it will close the trade at a given loss. Trail is a sliding stop value that follows the trade as it is making a profit.
11- Configure
This setting can be found next to each provider further to the right. By selecting this you will be taken to a new page where all possible currency pairs are displayed. The current setting for all the pairs will initially be 1 lot per each pair. However you may change this setting, so you can have as many lots as you wish per each different currency pair to be traded by a signal provider.

12- Remove :
You will notice this selection at the far right of every signal providers name that you have selected in your account. By simply selecting this option you will remove this provider from auto trading your account, however any remaining open trades, or pending orders that the provider has placed in your account will remain there


13- Add signal provider :
While logged into your account, under your account settings tab at the bottom left hand corner you will notice a selection tilted ?Add a provider?. By selecting this you will bring up our vast selection of signal providers. You may select any provider at any time to auto trade your account and there is no limit to how many providers you will use

TRADER HISTORY

Here you will find a history with all the trades that have opened and closed in your account.

1-Time frame:
2- single provider: The name of provider you select and if you click on it then you find some history about his trade with graphic
3- Graph :Its show you the graph dawing to the providers
4- Pipes: Browsing howmany pipes that the provider make through the selected time
5- Proift :Howmany profit that the provider make
6- Trades :Browsing howmany trades the provider do
7- Avg pipe :Points average to all trades
8- Win ;Percant valu tell about the provider success of all his trades
9-Avg trade/Hrs :Avrage of trade opration inOne Hour
10- Weeks :Time to use the trader strategies in weeks
11-Max DD :pipes own point maximum limt
12- Users :Howmany users dealing with this provider
 

OPEN POSITION 

This is where executed signals that providers place in your account will show. Here you can see what your current earnings or losses are at the moment. Each trade that is open under your open positions tab, you can change certain values of that trade if you wish. By clicking on the current ?stop? value of the trade, this will bring up a popup window where you change this value if you wish, you can do the same for ?limit? as well. Furthermore to the far right of the trade you will see a selection titled ?close? by selecting this you will then be prompted with a ?sure? selection, after this has been chosen, the trade will then close and no longer appear in your open positions tab.

TRADE HISTORY

Here you will find a history with all the trades that have opened and closed in your account. You will also have a graph and a few filters to represent the data as you see fit. You can click on the ?date open? of each trade to generate a pop up window showing you a graph with the high and low reached of that trade, also it will show if the trade was opened at market price, or if it was a pending order, the reason for the trade being closed i.e. via a signal from a provider, or a manual close by the client. Also in your trade history you will notice a filter selection where as you can filter the graph and data below to represent all signal providers, or one at a time, thus the same goes for currency pairs, and furthermore you can change what dates you wish the history to represent.

MANUAL TRADE

Here the client can place manual trades as he/she sees fit. You will notice all the currency pairs, a buy and sell column and a constant green and red color-flashing price upwards or downwards. If you wish to place a manual trade simply click on either buy or sell for a given pair and a popup window will appear. This window will consist of the current market price, and a limit and stop setting.

You may change the current market price by unchecking the ?market? box, thus enabling you to place a different market price, which in turn will create a pending order. You may also place stops and limits through this popup window as well. Once you have entered the information you wish, simply click on OK and the trade will be placed either in your open positions, or pending orders.

 

Click Here to sign up for a FREE account to get started.

Setting up a new demo account on ZuluTrade

The first step to opening your demo account is to right click  here for ZuluTrade and opens it in another window, when it opens, click on Open Account

Click on the “Get a free demo account” button. Please use a demo account first, you know it the prudent thing to do!

Enter all your personal details, once completed enter the letters displayed in the image box and click the “Create my Demo Account” button

Now, you should get a screen similar to the one below and you should also get an email, open the email and click the activation link in there.

This should open another browser window like this one. You can close down the other one, there’s no need to enter an activation code since we just activated from the email. You now have a free demo account with ZuluTrade and can go on to step 2.

Click on ‘Account Settings’ , you should get a page like this
Here is your profile and account settings page:
You see the tabs PROFILE, SETTINGS, POSITIONS, ORDERS, HISTORY, TRADE, INVITE? Click on second tab SETTINGS

You have $50,000 in your demo account and 30 days to test out the signal providers with this amount.

Now for a demo account you need to leave the lot sizes as Standard. For a live account you should set this to match your broker account type. If your broker allows mini lots ( 0.1 lots ) then set this to mini lots. If your broker allows micro lots ( 0.01 lots ) then set it accordingly. We will be trading fractional lot sizes on smaller account balances so please make sure your broker account will allow this. This info is for when you go live though, so for now keep your lot sizes as Standard.

The next step is to set the maximum open lots to No Limit; I won’t blow your accounts, promise! Maximum lots are shown on the risk page;

Click on ‘add a Signal Provider’ , you should get a page like this (Performance page)

 

For Summary List: Enter signal providers name into the box  'signal providers name' and hit enter or click “Show Signal Providers”

You will see the following page next

There are hundreds of signal providers. Our job now is to find the really good ones! Look for a high number in PIPS, which means how many pips they have won .... and look also for a lower MAX DD PIPS, which is how many pips they had in maximum drawdown (second to last column). The stars next to the name show how users have rated them. Hover your mouse over the stars to see the rating. A red triangle means they are high risk traders.

You choose the ones you want... we can change any time, we are hunting for the better signals so we know who to use when we go live. Open as many demos as you want, test providers. Keep me informed if you find good ones!

Click on signal providers name (for example "SystemsFX LIVE") and you will get the following page.

Click “Add to my Portfolio” and you’ll see the following.

The default of 1 lot is fine, we will be individually setting each currency, so just click “Add Signal Provider”

The Signal Provider has been successfully added in your portfolio. You may now add new Signal Providers or go back to your Portfolio.

Your Portfolio:

Click "Advanced Settings" to show the more advanced settings that you can have to manage your Signal Providers such as Stop, Limit & Reverse

You’ll see a screen similar to this. Next you need to tick the “Advanced Settings” box, click on the circular button next to Signal Provider name as shown and click “Configure Currencies”. You will see a screen like this one.

You can to set the lot sizes. When we set up a live account, they will be different. This is for setting up a demo $50,000 account.

Here they are

EUR/JPY 2, EUR/USD 5, GBP/USD 3 You can leave all the other currencies as 1. Once you’ve done all seven, click the  ”Save Settings” button and you will get a screen like this one.

Click on "ADD A SIGNAL PROVIDER" button again and add another and another.

Your "Margin call-o-meter" may go into the red, Don’t worry about the margin call-o-meter, this is ok since it is a demo and we want to see as many results as possible. In a live account, you want your "Margin Call-o-Meter" to be green! When you add additional Signal Providers, you will get a warning that you shouldn't, but on the demo, click ADD ANYWAY.

Now all there is to do is to log in once in a while and see how your trading is going. Usually when you log in, it will take you straight to your POSITIONS tab and show you any open positions.

That’s it, you’re all set up. Now all you have to do is sit back and watch the robot trade. Once you’re comfortable with it’s trading strategy then we can set up a live account!

You can now log out or keep watching to see how your demo account performs.

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Benefits of Autotrading Forex

Hi all those zulutraders out there. Just wanted to do a quick blog on the benefits of using Zulutrade to autotrade for you, in affect having a managed forex account that you invest money and watch it grow. Just a quick background again for people who don't know how Zulutrade works. Zulutrade lets you pick among the elite 3rd party expert signal providers and converts their advice into live trades in your brokers account for FREE.

There are many benefits to this approach:

1. You don't have to know how to trade forex - it take many years and alot of time to master how to trade forex successfully. Why spend your time and money learning how to do when you can back a specialist to trade for you and mange your forex accounts.

2. Don't have to sit at your computer for hours on end - trading currency online requires time and energy sitting at your computer watching trends, price movements, analysis etc. Using Zulutrade you can be asleep and still making money with an expert signal provider working for you. Why work hard when you can work smart.

3. Manage your risk - With Zulutrade you can manage your risk by changing settings in your account. There are many features that you can select from including: how many lots are traded, how many trades opened at one time, how many signal providers etc.... Zulutrade.com has also included a feature called Margin Call - o - meter which is takes into consideration your equity including open positions and suggests where your setting should be. I will go into more details about this in a future post because it is very helpful.

4. View performance results from Signal Providers - Zulutrade monitors all the signal providers that have signed up to their system and provides all types of stats and performance results. What this means is that you can make an informed decision on who to use and what results your are likely to achieve. A good idea is to demo trade first and work out what fits best for your investment strategy. To set up a FREE demo account Click Here.

5. Takes away stress & emotion away from trading - Don't have to worry about when to enter and where to exist and whether all the signals are in place. Trading and be very exciting but it can also very stressful if you don't know what you are doing. The very best signal providers know how to trade without their emotions getting involved & have proper & proven money management stategies that they have learnt over many years. Save the grey hairs and get someone else to trade for you.

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