Demo Accounts Update - 11/20/2009

Greetings from the Zulutrade jungle.

Here's a weekly recap of demo accounts i'm following.

The screaming winner for this week on the demo side was TheKillerz who picked up +267 pips. His demo account is up 331 pips in just one week's time. And keep in mind this is with a 2-lot limit and 180-pip stop, so with was done with realistic account parameters. I added TheKillerz in my live account this past week and he picked up 46 pips in 2 days trading.

Next up is Isunia who picked up 60 pips on the week. Overall, he's up 259 pips since the start of the demo period. He hit my 180-pip stop 2 times and at one point was down -75 pips in the demo period, but he's fighting his way back. He's also gaining in popularity and was #7 this past week in terms of live following on Zulutrade. Looking at his open positions, he's leaning heavily in favor of further gains in USD versus EUR, CAD and NDZ and AUD. Also keep in mind that he keeps loosing positions open until they come back to profitability which explains his 94% win rate.

Next up is Student who was up 53 pips on the week with 6 trades. Overall, he's up 103 pips in the 3 week demo period. On the bright side, he has small drawdowns, and I don't see a single trade moving against him more than 35 pips. But we know there were issues with incorrect drawdowns in EUR/USD this past week, so we can't really trust these numbers. Also, with his average winner you in the 10-12 pip range, I don't seen enought pippage here to come back from the inevitable drawdown.

The chickens's came home to roost this week for provider Sophistication since his heavy short positions in GBP/USD came back into profitability. Unfortunately, by that time the damage had been done in my demo account and at one point he was down about -1,300 pips. Even though he had a good week (+248 pips). This large drawdown make this provider a non-starter for my live account.

Provider JLOFX hasn't placed any trades in the demo period, so we haven't learned anything from this demo and will be dropping him unless he does something in the remaining 7 days.

Next up is Wqq899 who gained 90 pips on the week. Prior to that, though, he's been a complete disaster and hit my 180-pip stop on his first 3 trades. That definitely would have sent me running for cover in my live account.

Next up is TrendCatcher who was up 146 pips on the week but still down -141 pips since the start of the demo period. You would never know that from looking has his public profile. Again, stops and position limits make a HUGE impact on actual result and often cause large differences in performance between public and actual results.

Next up is Cheetah who as picked up 78 pips in the 3 week demo period. Overall, i'm not impressed since his average winner is less than 10-pips and not really enough to justify the potential drawdown. I'm thinking of removing him from live trading this coming week.

Next up is Coolie1997 who was up 89 pips this past week. But he's down about -781 in open positions and added new positons in NZD/USD and EUR/USD this past week. He's positioned for further dollar weakness this coming week.

I realize that's a long list and the only ones who i'm going to keep following once these expire are Isunia, Coolie1997, TheKillerz and EliteCapital. Check back later for a list of Top Providers by Live Trade for this past week and other cool stuff.