Greetings Zulu-fans.Here's an update on performance of my 2 favorite providers - Bigwin and Pro-B5. This past week I realized that after Bigwin's early August drawdown, I lowered him to 1 lot. He has since regained his footing and this setting was causing me to underform. So I re-updated him to 2 lots.
Similarly, I updated Pro-B5 to 2 lots per trade (with a max of 2 lots) since he rarely opens more than one trade anyway. Stop-losses on both providers are set to -180 pips.
The graph above shows Bigwin's performance from August 15th through September 4th inclusive. He netted 148 pips without a single loosing trade and a max drawdown of -28 pips. I would have made about twice as much with my new size settings. In fact about half of that (71 pips) was made in this past week with the new 2-lots setting.
Pro-B5 also had a solid performance netting 63 pips over the same 3 week period with 13 winning trades and 2 loosing trades. Maximum drawdown was -74 pips.Let's face it, Forex trading is a minefield, and prices seem to slosh around in wide range and shake out as many players as possible.
Both Pro-B5 and Bigwin handle this risk by taking positions only for short periods of time and staying out of the market most of the time. Also, they seem to have relatively good entry criteria which lead to high percentage win rates and low drawdowns. Pro-B5 has an 85% win rate and Bigwin has a 76.4% win rate.
I regularly scour the top 100 Zulutrade providers to find providers meeting my criteria and currently, I can't find any providers better than Pro-B5 and Bigwin!
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I would warn using Pro-B5 with a latent broker ... I have 2 accounts, each on different broker with simmilar spreads and setup, but on one some trades ended lossy wherever with other broker ended with profit... I noticed this is due to latency in closing trades is higher for one of my brokers in zulutrade ... sometimes as much as 20-30 seconds, which can make a difference with these short-term hunters.
ReplyDeleteI've also analyzed pro-b5 lossy trades and they would have gone profitable if he would hold trades a little longer (sometimes even a few minutes!), but I guess it is better be safe than sorry, anyway his signal does not work for my broker due to large latency in closing position - which I guess is the problem between zulutrade and broker...
Queb,
ReplyDeleteThe worse broker to use on any signal Provider when you use Zulu is Ava FX .I had an account with AvaFX and not only do they have a latency problem,they have also not even closed a trade which Pro-B5 closed in profit and I had one trade they took over 1hr and 16 after to close which closed me a big lose. To me AvaFX is the worse borker on the planet.
I open a new account with FXCM after I e-mail Pro-B5 and he explaied which broker to him was the best and explained why,Which I must say was very helpful on his part to take the time to answer my e-mail.It was like a night and day difeerence between FXCM and AvaFX. My trades were al closed within 2 pips of Pro-B5. Also I did leave a trade open this past Friday after NFP after Pro-B5 close in profit with 16 pips , and I am so sorry that I did that . Instead I took alomost 83 pips of draw down and had to wait 6 hrs just to eixt with the same profit that Pro-B5 got in 2 min with no draw down at all. So for me I will just let him do his thing and enter and exit at will.
I had chatted with the Zulu's rep and they have stop just short of say that AVA fx is just no good for auto-trading.
The one main thing that I have notice over the last month is the Pro-B5 has started to trade more. Which leave to wonder if he under trader during the summer months and is getting ready for what Bloomberg and CNN call the return of the real traders? I hope so because Pro-B5 is my last hope for Zulu.
Thanks for the comments guys - this is great information for our readers. I didn't realize that the broker could make the difference between winning and loosing trades. I use FXCM and don't see these issues.
ReplyDeleteThis brings up an interesting area which is the difference between the rate at which a signal provider issues a signal - and the rate where it gets executed for the customers. I'm going to do some work on that and do a blog post.
Cheers and thanks again.