Zulutrade Live Trading Update 7/10/2009

Another week closed autotrading the Forex with Zulutrade and some not so good news to report this week. Apparently the signal providers I was using don't manage risk very well, and that is how they have such a high win percentage...so when my margin dropped nearing a margin call I manually closed the trades that were open in the negatvie costing me a couple of thousand pips. So, there is a lesson to be learned here...make sure you use the risk managment tools Zulutrade provides for you, don't trust the signal providers.

After closing the trades, I did some research on a couple of other signal providers and decided to take a new approach, less risky and with less promise of quick gains.

Here are the signal provider reports for this week.

Signal Provider 1. Hidalgo FX Capital

No new trades...closed all existing trades manually



Signal Provider 2. wintrade

No new trades...closed open trades manually


Signal Provider 3. LowestDD

No new trades...closed open trades manually


Signal Provider 4. Real Conservative Trading

Manual override settings:
2 max simultaneous open trades
15 pip limit (take profit), 100 pip stop loss


16 total trades
13 winners
3 losers
Overall 44 pips gained equaling $48.82
No floating loss.




Signal Provider 5. Pro-B5

Manual override settings:
1 trade max open
200 pip stop loss.

2 total trades closed & won
Overall 84 pips gained equaling $90.32
No floating loss.




Signal Provider 6. FXSMARTTRADING

Manual overrides settings:
1 max trade open
200 pip stop loss

2 trades closed & won.
Overall 26 pip gain equaling $26.00
No floating loss.