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zulutrade provider with new EA..made 303 pips in 3 days

billfxfx

New member
new EA added to this zulutrade provider...looks promising since he added the EA on 28 march 2013...he's made 303 pips in 3 days and he's current open positions are +100pips



here are all his trades since he added the new ea

Type Currency Date Open Date Close Price Open Price Close ..........Profit (Pips)
SELL EUR/AUD 28/03/2013 12:05 1/04/2013 22:17 1.2312 1.23141..... -2.1
BUY AUD/CAD 28/03/2013 12:39 1/04/2013 22:19 1.05821 1.06078 .....25.7
SELL GBP/AUD 28/03/2013 12:49 29/03/2013 5:13 1.45557 1.4585 .....-29.3
SELL GBP/USD 28/03/2013 15:28 29/03/2013 6:02 1.51845 1.51836 .....0.9
SELL GBP/AUD 28/03/2013 15:45 29/03/2013 5:13 1.4581 1.4585 ..........-4
SELL GBP/CHF 28/03/2013 19:16 29/03/2013 8:19 1.44203 1.44209 .....-0.6
SELL GBP/USD 29/03/2013 0:42 29/03/2013 6:02 1.521 1.51836......... 26.4
SELL GBP/AUD 29/03/2013 0:43 29/03/2013 5:13 1.46069 1.4585 ........21.9
BUY GBP/AUD 29/03/2013 5:13 1/04/2013 14:15 1.4585 1.46331 .......48.1
SELL GBP/CHF 29/03/2013 5:58 29/03/2013 8:19 1.44459 1.44209 .....25
BUY GBP/USD 29/03/2013 6:02 1/04/2013 14:13 1.51834 1.52337 .....50.3
BUY AUD/CAD 29/03/2013 9:46 1/04/2013 22:19 1.05941 1.06078 .....13.7
SELL GBP/CHF 29/03/2013 20:28 1/04/2013 14:09 1.44234 1.44241 .....-0.7
SELL GBP/CHF 1/04/2013 0:49 1/04/2013 14:09 1.44486 1.44244 ........24.2
BUY EUR/USD 1/04/2013 1:15 1/04/2013 14:05 1.27847 1.28353 ........50.6
BUY CAD/JPY 1/04/2013 7:05 1/04/2013 10:17 92.161 92.168 .........0.7
BUY CAD/JPY 1/04/2013 7:10 1/04/2013 10:17 91.886 92.165 ........27.9
SELL EUR/AUD 1/04/2013 14:15 1/04/2013 22:17 1.2339 1.2314 .........25

.................................................. ............ Total 303.7
 

alshore

Member
the first few trades look impressive...but i think its too soon to speak...lets see how they do over the next few days.
 
new EA added to this zulutrade provider...looks promising since he added the EA on 28 march 2013...he's made 303 pips in 3 days and he's current open positions are +100pips
Currently -706 pips on open positions! Not a very good EA in my opinion.
 

alshore

Member
the ea seemed to have survived the sell-off in gbp

and still up 326pips...with open positions..

hmm...lets see the rest of the week what happens
 

billfxfx

New member
i have finished studying the trades and have enough information - heres whats been gathered.

1. he/the ea is using a martingale system to double the lots when the profit is down...the problem with this is this - Zulutrade forbids copying lot sizes..so even if the EA opens 0.01 lots, then 0.02 lots then 0.04 lots, you wont be able to copy this as zulutrade forbids copying lot sizes.

2. even if you could copy lot sizes, you need guts and a larger bank balance to allow for the drawdown....the EA started on 2013-03-28 12:05:25 and the balance at this time was:

2013-03-28 12:05:25 +195 pips and -$462.67

now the latest closed trade says:

2013-04-04 00:30:06 +346 pips and -$313.19

so in 4 days or so, the pip profit is + 346 which at 0.01 lots would mean $34.60 profit, but because of the martingale system of doubling lots (0.01, 0.02, 0.04, 0.08, 0.16, 0.32 lot sizes being used, the actual profit = -313.19 - (-462.67) = + $149.48
so the system is making money...remarkably!
 

Diiifx

Member
i have finished studying the trades and have enough information - heres whats been gathered.

1. he/the ea is using a martingale system to double the lots when the profit is down...the problem with this is this - Zulutrade forbids copying lot sizes..so even if the EA opens 0.01 lots, then 0.02 lots then 0.04 lots, you wont be able to copy this as zulutrade forbids copying lot sizes.

2. even if you could copy lot sizes, you need guts and a larger bank balance to allow for the drawdown....the EA started on 2013-03-28 12:05:25 and the balance at this time was:

2013-03-28 12:05:25 +195 pips and -$462.67

now the latest closed trade says:

2013-04-04 00:30:06 +346 pips and -$313.19

so in 4 days or so, the pip profit is + 346 which at 0.01 lots would mean $34.60 profit, but because of the martingale system of doubling lots (0.01, 0.02, 0.04, 0.08, 0.16, 0.32 lot sizes being used, the actual profit = -313.19 - (-462.67) = + $149.48
so the system is making money...remarkably!
Zulutrade does not forbid, but simply does not support scalping techniques. And to tell you the truth, from my experience i do not think that scalpers are the best strategy for followers with small accounts - simply cannot be supported. after all it is not for everybody.
as for savedfx - imo, he is a lost case, find somebody better to follow somebody else - The good life1, GBPJPYxiong, Newwave,fenix7 - these ones i am having in mind.
 

fatecolor

Member
You should watch it for a long term. But in Zulutrade, some SP did well over dozens of week, climbed to the top, then collapsed in one night, watch out that type of SP, too.
 
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