Greetings from the land of Zulu.
I've been watching a provider called Gancan69 since I stumbled upon him on Twitter under the keyword Zulutrade. That's one of the great things about Twitter is that you can free-form search the Twitter universe and see everyone's tweats - bypassing the tyranny of the Google search engine.
Anyway, I added Gancan69 in a demo account back on 8/21/2009, two lots max with a 180-pip stop. Since then he's netted 219 pips. Out of 18 trades, he's had 14 winners with a max drawdown of -125 pips where he closed a loosing trade. His performance might be characterized as "lumpy" in that he tends to take larger losses than some other providers. But if the profits are larger also, it should work out on balance.
A few observations. First, he's able to take a loosing trade which puts him above 95% of Zulu providers. Second, he is able to take a profit of more that 15-20 pips. One frustrating element of being a Zulu customer is that providers will routinely risk 75-100 pips etc, then when the trade goes their way, they take a 15-20 pip profit. Under those parameters, the provider would have to win on 80% or better of trades just to break even. Gascan isn't afraid to let his winners run which is key to survival in trading. Most Zulu providers will be happy to take a profit whenever they get it because - after all - they get paid per transaction.
From the larger perspective, Gascan has been on Zulutrade for 11 weeks, he has 84 subscribed users and a 77.3% win rate. I'll be watching Gascan to see how he makes out going forward.
Open a free account on Zulutrade at http://zulumon.zulutrade.com/
Thanks for the tip. I looked over GasCan69 and the only data I can really make out is that this guy has only about 5 to 9 live users on his trades. I think there is a really lame bug with Zulutrade printout history online on a signal providers home page. This guy uses the x10 factor of using 10 lots instead of 1 which kind of sucks because of this bug on Zulutrade printout. If the user takes a loss then the low shows by a factor of x10 but the high is not by x10. Same goes for if there is a gain. The high is shown by x10 but the low is not. In all I think it would be better for the user to not use the 10 lot setting but use 1 lot. I suppose the good news is I can still make out some of the data without too much headache. The max draw down looks to show as 1250, however it is actually 125. Which is pretty good for a signal provider. I think I might keep an eye on this guy as well and thanks for the tip.
ReplyDeleteMost providers on zulu skew the numbers one way or the other, therefore I will try to make a new tables with these tricks uncovered. I thought that you may have a good ideas on what to watch, if you would like to do so, please post into comments in my blog.
ReplyDeleteHi,
ReplyDeleteThis is the GasCan here :) actually I am not using 10 lots I am just trading 1 standard lot somehow zulu print it as 10 mini lots instead of 1 standard... anyway I will have to trade 0.1 lots so that its reflected as 1 lot on the zulu page... if that will make it easier for you guys then no problem starting this next week I will trade 0.1 lots that way it will show 1 instead of 10...
Cheers!
GasCan
Thanks for the comment, Gascan. We appreciate the clarification!
ReplyDelete