Sunday, February 22, 2009

Signal Providers revelation

This past weekend Zulutrade activated a feature that let's you see what signal providers are using multiple names. This is important because it easier to really know who's who.

The biggest find was the following:

4X Finance, 4X World, FxMarkets, GBP$, GBP/JPY Club, JackPot, Never Lose$, PipGenerator, Pound Cake, Scalpers GroupClub4x

Are all the same provider!

This is significant because these are among the top providers in all of Zulutrade historically. This provider is almost exclusively a GPB/JPY seller and will do well when GBY/JPY is in a downtrend - which it was for much of last year.

Beware, however, because this provider likes to keep large open losses (as large as -1000 pips) to keep his win % so high. So don't use this provider unless you can stand large open losses. You may make money short term, but eventually, you will go into an extended drawdown.

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1 comment:

  1. However Never Lose$ has shown an exellent performance completely different to FXmarkets, being the same person. It seems to be same person, but a different trading strategy with Neverlose$...so I still trust this provider.

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