Custom Zulutrade Analysis of Providers

I am currently working on an analysis of 35 system providers and putting everything on a spread sheet.

It's not done however click here to see what I have done so far.

What I am doing is running 5 demos of the same 35 system providers but with different settings. The 6th demo is with LowestDD by itself to see how just that one system produces. By the way, all these demos are trading 1 standard lot except for DM9979000 which is 2 standard lots. I want to find out if this account will do great if I trade 2 standard lots on only 23 of the best 35 systems.

Here is a taste of what you will see in the spread sheet that I am creating. There is a lot more detailed info on the spread sheet but this should give you a little idea of what I am working on. If you would like a copy of this spread sheet, please email me at Mike@WealthSecrets.com

By the way, the following demos were all opened around the January 24, 2010.

			Open Lowest	January
Account	Settings	MarginMeter	Drawdown	Pips
DM042422	1 and 1	1108%	($27,000)	1240
DM045618	2 and 1	2934%	($30,000)	1534
DM192207	2 and 2	9524%	margined	-1517
DM462325	3 and 1	9355%	margined	-1741
DM997900	1 and 1	2119%	margined	-1,334
DM942360	No Limit	197%	(1,271)	117

The explanation of 1 and 1 etc. is as follows:

Account	Systems		Settings
DM042422	35	1 Total Max and 1 Max per Currency			1 mini
DM045618	35	2 Total Max and 1 Max per Currency			1 mini
DM192207	35	2 Total Max and 2 Max per Currency			1 mini
DM462325	35	3 Total Max and 1 Max per Currency			1 mini
DM9979000	35	1 Total Max and 1 Max per Currency			2 mini
DM942360	LowestDD	No max limit and No limit on currency			1 mini

As you can see from the table above. Three $50,000 accounts have already margined out. And the first two have some huge DD.

What I am trying to do is stretch the boundaries or limits of what can be done with a $50,000 balance. And as you can see, that obviously having too many systems and too many max allowable positions ie. too much leverage will bust the account. What I am doing is working from the end and work backwards.

Since I have small accounts now, I want to know how the systems and I will behave when my balance is $50,000. Since I know from personal experience that creative visualization is very important in creating what you want, I might as well act as if I have it already.

Plus one of the secrets to making money is obviously to make more than you lose but moreover it's about preserving your capital or keeping more of what you made already.

With regards to the systems, I want to know which systems produce the most with the least amount of DD. All systems even the best ones have drawdown. The trick is to only use the ones that produce the most pips with the least amount of DD. Pretty simple but not that easy! ;)

We have to put in the time and research in the beginning to make it pay off for us later. And it's still going to take more time, patience, persistence and discipline to make it really big in forex. And I am willing to take on the challenge. As the saying goes, "I'd rather get rich slowly then go broke fast!" And since we are working with small balances .....it's even more critical that we work smarter!

What do you think of the above philosophy and all that I have shared with you thus far?

I would love to hear your input and feedback. Let's collaborate!

Warm wishes,

Mike Torres, Realtor
Miami, FL
(305) 389-0170 cell

http://ForexHosting.com
http://GetPaidToTrade.com
http://MiamiForexClub.com
http://WealthSecrets.com
http://ZulutradeResults.com
http://ZulutradeSignup.com

Happy New Year 2010!

Dear Readers,

It's been awhile since I posted on my blogs.

I had a hard drive crash and had to get a new hard drive. Luckily I had everything backed up on 1 TB WD External Hardrive. That's why it is so important to back up all of your information, photos, videos, etc. onto an external hard drive and or use Carbonite. You never know when your hard drive is going to fail.

Anways on to Zulutrade! It has been an interesting journey to say the least.

I started with $5,000 in July 2009 and made all the way up to $6,500 in less than two months. I then lost $3,000 over the next few months leading up to Jan 1, 2010 when I broke even with my $5,000 initial investment. The lessons I have learned up until today are priceless!

Would you like to know a few things I did to prevent from losing valuable capital as much as possible and eventually building my account back up? The answer is to not invest any capital at all! Just kidding...that would do it though! ;)

The truth is I reduced the total max positions on all of my systems and reduced the total max positions on each currency that each system trades down to 1 and increased the stop loss to around 400 plus or minus on each system. Now you are probably asking yourself, "hold on a minute there, aren't you 1) restricting the system from doing it's job, 2) not letting their strategy play out and 3) not allowing the system to accumulate the pips faster by having more positions open etc?"

And the answer to your question is a resounding yes!!!

Let's look at the numbers and let them speak for themselves.

My live account equity balance as of today January 21, 2010 is $3,775.23 with $566.44 in open positions.

So far this month I have made 166 pips or $199.75 and the month is not over. That would equate to 5.3% so far for the month with the open positions. That's not the best return but it's not bad either. Wouldn't you say? I believe my balance would have been higher had it not been for two losses this week with the sudden drop of the EURUSD or US Dollar strength. I had a Buy position with Hidalgo that hit it my hard stop 400 and I had EURUSD Buy position with Surfing that hit my hard stop of 375 pips. Since the EURUSD turned around and headed up from the 1.4030 price, I have increased the stop loss of Hidalgo to 475 and Surfing to 400.

A tip or trick if you want to see how low a system providers trades have gone down is to click on the Performance tab and then click on a system provider and then click on History tab and then click on Low. In my opinion if you see the first page with trades that have gone down more than 500 pips, stay away! It may be tempting to trade using their system because maybe their equity curve looks great but you and I both know you can't judge a book by it's cover. These are the same systems taht have more than 2,000 pips in open positions dating way back to the year of the flood. Why bother with them anyways when there are so many other decent system providers out there.

Now up to now you may not agree with my philosophies and that's ok. On the contrary, I would love to hear your philosophies and your trading experience using Zulutrade. This is how we will be more profitable at trading using Zulutrade and with a lot more fun and a lot less stress and worry.

Here are the systems I am trading and my settings:

1) fx168fx - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 475 Stop Loss

2) Hidalgo FX Capital - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 475 Stop Loss

3) LowestDD - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 430 Stop Loss

4) Patterns Searcher - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 375 Stop Loss

5) SURFING - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 300 Stop Loss

6) Tech trading - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 410 Stop Loss

7) The Hunter - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 250 Stop Loss

8) Tranquilidad carlos - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 400 Stop Loss

When you restrict a system to open only 1 total max trade per system, you will get the following message in your Zulutrade back office:

An error occurred at 2010/01/20 21:25:11 UTC with a trade on your account...
Did not open 1.0 more mini lot(s) for provider Tech trading SELL GBP/USD. Total max trades for provider setting was 1, open trades & orders for provider were 1.

Just thought you may want to see how that works.

Anyways that's it for now. Happy trading with Zulutrade! When you are ready to open a live account and get started, just click http://ZulutradeLive.com

Contact me between 9-6 pm EST at (305) 389-0170 cell if you need any help setting this up or if you want to just simply introduce yourself. I would love to hear from you and share ideas to help us both become more profitable.

To your success and happiness,

Mike Torres
Miami, FL
http://ForexHosting.com
http://GetPaidToTrade.com
http://MiamiForexClub.com
http://WealthSecrets.com

Mid November Update and My New Settings

Dear Fellow Forex Traders,

I just lost a big chunk of money with LowestDD. I had it set to 3 total open max trades and 1 max trade per currency with a 275 pip stop. And they all got hit!

What I learned by viewing his past performance and open trade history was that many of his trades go down before coming back up for a profit.

Some of his GBPUSD trades have gone down to -400 pip range with -423 being the lowest during the month of Novermber so I have decided to restrict the amount of trades to 1 total max trade but with a 430 pip stop loss. However I must add that when he was trading the EURJPY pair, he had some trades go down to -641 pips.

These are large stops however his system does produce. You may need a larger balance to trade this system in order to survive the larger drawdowns.

In conclusion, I don’t want to give up on LowestDD however his system does seem to be geared toward accounts with bigger balances to allow for the higher quantity of trades he opens and the larger drawdown.

However if LowestDD doesn't produce with my new settings, I will have to remove them.

Here are two screen shots of my recent trades using Pattern Search, Surfing and Tech Trading. Tech Trading is a little like LowestDD so it needs a 375 pip stop. There was only 1 trade on 10/21 that went to a low of 445 before closing at a profit of 26 pips.

http://WealthSecrets.com/images/ZulutradeNov19Trades.jpg
http://WealthSecrets.com/images/mySettingsNov19.jpg

Hope this helps you all.

Feel free to call or email me if you have any questions or comments.

Mike in Miami
http://WealthSecrets.com
http://ForexHosting.com
http://GetPaidToTrade.com
http://ZulutradeResults.com
(305) 389-0170 cell

How to Trade Forex Using Zulutrade

Thanks for visiting my blog.

This post is about how to get started trading forex using the different system providers at Zulutrade.

I hope you find this post beneficial to you as it has taken many months of time and energy from me to find the best system providers. My first recommendation on how to get started is to sign up for their free demo by clicking here at Zulutrade.

Whether you are new to forex or not, it is very important that you get familiar using their website and settings. It's better to get familiar now using demo funds before going live and possibly losing your hard earned capital. Why not put in a little time now to learn how their back office works so it will save you time, money and grief later?

The most important thing to learn about trading using Zulutrade is knowing how to modify your portfolio using their settings tab. In the settings tab is everything that you will need to 1) modify the amount of lots or mini-lots to trade per system provider, 2) how to modify the amount of max trades per system provider, 3) how to modify the amount of max trades per currency per system provider, 3) how to add your max stop loss per system provider and last but not least 4) how to even restrict certain pairs from even trading.

I opened a live account in July 2009 after 3 months of demo trading. Below are my results from live trading the following systems using FXCM UK as the broker and using 1 mini-lot per trade.

July 2009 Live Results - $1,126.07 or 22.5%

Beyond Parity = 30 pips or $32.86
Big Win = 242 pips or $258.29
Hidalgo = 229 pips or $228.37   (Max pairs = 2 Max pairs per currency = 1)
LowestDD = 569 pips or $573.42   (Max pairs = 2 Max pairs per currency = 1)
OnlySunnyDays = 31 pips or $33.13

July return of $1,126.07 or 22.5% return for the month


August 2009 Live Results - $504.85 or 10.1%

Beyond Parity = 53 pips or $51.50
Big Win = -122 pips or -$129.57
Creative Trading = -100 pips or -$112.34   (Max pairs = 2 Max pairs per currency = 1)
Hidalgo = 434 pips or $429.83   (Max pairs = 2 Max pairs per currency = 1)
LowestDD = 262 pips or $258.09   (Max pairs = 2 Max pairs per currency = 2)
OnlySunnyDays = no pips   (I may remove them due to non trading)
PipsVitamin = 8 pips or $7.34   (Max pairs = 2 Max pairs per currency = 1)
( I just started trading the PipsVitiman system on 8/31/2009)

August return of $504.85 or 10.1% return for the month

I removed the Big Win system from my portfolio on September 3 because I had a -$264.00 loss in one trade thereby wiping out all the profits it made in July. I figure if a system can't out produce enough positive pips to overcome a 250 stop loss in one month then it may not be good enough or productive enough. Also I went to their performance history and noticed that this system had a 900 pip stop loss hit. That is even more reason for me to not feel comfortable trading using their system. However I will continue to monitor their system.

I am testing the following systems in a demo and will keep you posted of their results:

Hunter
Rascave
Surfing

And I have tested the following systems in the past and decided to not use them in my live since they had either had too much draw down for my tolerance or had produced poorly:

Active Trader FX
Dagger
Fx Fila Pea
FxSecurityProfits
GeppyScalper
Nexus
Oxygen 4
Oxygen G2
ProB-5

Since my initial investment was only $5,000, I was very careful to not over leverage or have too many systems running at the same time. This is why I only trade around 5 systems that produce consistently over time even including the minor losses that they may incur from time to time. In other words, I am looking for systems with a good risk to reward ratio. As you will notice, you don't need a 100 systems to make you money. I only trade around 5 systems at any given time with strict money management and settings per provider.

Well that's all for now. If you have any questions about any of these systems or any other general questions, feel free to contact me at mike@ZulutradeResults.com

Remember you can sign up for a free demo or live account by clicking here at:   Zulutrade.

Till next month. Happy trading!

Mike Torres
Miami, FL
mike@ZulutradeResults.com


P.S. For you new forex traders who want to take forex trading seriously, it may be very beneficial for you to do the following: 1) Attend a currency trading school 2) go to as many seminars as you can on forex trading 3) read as many books and websites that you possibly can so that you can learn all there is such as how platforms work, how leverage works, how to draw support and resistance lines, how to recognize patterns etc. etc.

Welcome to my Zulutrade Results Blog

The purpose of this blog is to encourage collaboration with you by providing you with valuable tips and my live results using Zulutrade.

I believe together we can get better at forex trading now. Let's share our experiences and enjoy the journey together now!

Please remember to always do your own due diligence when visiting different websites.