Friday, November 6, 2009

Zulutrade User Interface improvements!

Welcome back Zulu-traders!

Zulutrade has made some really nice improvements to their user interface. They have also added some top-quality features make it easier to analyse provider history and open positions.

Most of the changes appear on the provider history tab. The performance graph has been given a new 3D look and feel. The graph on the left shows the performance history of provider British Pound.

Next up, notice the tabs along the top of the performance graph. They allow you to see the monthly P&L, Monthly Trade Volume and Currency pairs traded by the provider.

I particularly like the monthly P&L history because it allows you to understand why the provider might have a profitable history, but hasn't made any profit for you!

For example, the graph on the left shows that British Pound made the bulk of his profits in August 2009 and his returns have been declining by about 30% per month since then.

The trade volume and currency pairs tabs provide additional insight into the providers performance, well beyond what you could get previously. For example, take a look at the currency pairs trades by provider Coolie1997. Below is a graphical representation of just how versatile he is as a provider. I'll bet he trades more distinct pairs then any other Zulutrade provider.


The next really awesome improvement is the "Open Trades" tab at the bottom of the provider history page, just to the right of the trade history. This allows you to see the open trades for any provider where previously you had to subscribe to that provider to see the details of his open trades.

The benefit of this approach is as follows. Let's says you have a provider with good history like British Pound for example. You can see he's got almost 295,000 pips total profit, but about -2500 pips in open losses. But up to now you couldn't tell exactly where his loosers were.

Well now we can see that he's short 11 lots of GBP/USD from 1.62 to 1.65. This tells us that he's leaning heavily to the short side in GBP/USD which is nearly the identical position as his alter-ego Sophistication. Now we know that British Pound and Sophistication are highly correlated systems and following one is as good as following the other.

Another benefit of this approach is you can take a long-term position player like Coolie1997 and take a look at his open loosers. Given his history, its a pretty good bet that those loosing trades are going to come back to profitability given enough time. Like many good things in life, patience is required.

Despite these improvements, they are still missing 2 key features:

1) Let us filter the provider history on # of open lots

2) Let us filter provider history to simulate use of various stop-loss values

These last 2 items are key because (unlike Zulutrade providers) us real customers have a limited amount of risk capital.

Overall, though these improvements are welcome improvements. Good job Zulutrade!

Tcxmon

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