ZuluTrade
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Overall
I have your provider on one of my accounts and for some reason your last signals did not get through. Only one did and it is loosing. I have 8 positions open to you.
Overall
About the ranking, I'd like to know why my AGIRE FX-5 looses positions while with the open position gains is making new records!
Overall
This confirms what I said about providers not having a starting balance!
Also, finally, all ghost trades have been removed and the ranking looks a lot better!
Overall
Yeah I had a real live experience with that, was horified when my system I thought was doing well on myfxbook gets on zulu and shows 180% DD, see the conversation with Zulu below...
Please wait for a site operator to respond.
You are now chatting with 'Avina'
Avina: Hello, how may I assist you please
you: I am a signal provider and just got my signals posted for the first time, but there are a lot of mistakes
you: for example, my worst traade was 63 pips, but the results show 180
you: this is Sika Capital
you: from 13 to 19 april, there is a huge dip which should not be
you: the max draw down shows 181% which is a margin call
Avina: please note worst trade is the worst pip a trade has reached while it is floating in the position (before closed)..it is not trade closed at -63pips
you: the draw down was never 181%, and the profit graph I presume shows closed trades and the account was never in the negative but shows -281.1 pips on 18th April. The history does not match that, my provider chart is corect, but the public one nis way off
Avina: I will be right with you.
you: OK
Avina: I'm sorry for the delay. I'll be right with you.
you: That's fine
Avina: Thank you for waiting. I'll be with you in just a moment.
Avina: I'm sorry for the delay. I'll be right with you.
Avina: Thank you for waiting. I'll be with you in just a moment.
Avina: may i have your signal provider name please
you: Sika Capital
Avina: I will be right with you.
Avina: Profit chart now displays snapshots of the profit and 'equity' of each day. (Previously we displayed end result closed positions at the end of the day).
Avina: So we now display the trades that opened and closed on that date, including the trades that were open at that point of time and how they were performing.
Avina: there are 4 trades opened on 18/april
Avina: So although only 1 trade open and closed on the 18th, there 3 trades that opened on the 18th, and closed on the 19th.
Avina: So on the profit graph, for date: 18/april 2011, we will display the end result of the trades that closed on that date, and the result of the trade that remained open during that day - and as you can see that trade had a low of 183 pips, which is what caused the negative profit.
you: how is the max draw down of 181% calculated? should it be 181 pips?
Avina: max dd % = max dd in pips / profit in pips = 343 / 190 = 181%
you: Ok so instead of account balance, profit is used, right?
Avina: yes, the profit in pips
you: Doesn't sound right, but that's how Zulutrdes calculates it, so I'll have to live with it. Well explained, thanks a lot for the help
Avina: you are very welcome
Overall
I want to add that in zulu IMO, the %DD does not play so important role, because providers dont have an initial balance. The most important stat I think is the DD in pips (meaning the total loss in pips the provider has suffered from both negative closed and open orders!)
Overall
This is the correct formula. The thing with zulu is that the providers dont have an initial "balance", so at the start you can only calculate %DD based on the PnL chart, meaning that a provider can have 0 or 100% DD when he starts. Also, since a provider might trade from a demo, he can leave negative open trades forever, with no impact, but since zulu calculates the open order DD, this has actually an impact on the provider performance.
With the new advanced search you can filter and show only good providers, I use this and not the zulu ranking!
Overall
I don't think it is correct.
Investopedia explains Drawdown:
A drawdown is measured from the time a retrenchment begins to when a new high is reached. This method is used because a valley can't be measured until a new high occurs. Once the new high is reached, the percentage change from the old high to the smallest trough is recorded.
Overall
I think they're incorrect. They should've count both closed position DD plus open position floating loss, the way myfxbook & zipsignals done it.
I wonder if their staff / programmers have knowledge in trading field. As one of their SP, only answers that seems 'knowledgeable' from their staff is Mariosv's answers. For company with revenue that big (my revenue times 100 more -above 100 followers- profitable SPs which I suspect have much more revenue than myself), I find it hard to believe that they can't hire a proper cust. support / development staff.
And the message system is too heavily moderated when it come to mentioning AAAFx or zulutrade, but they let bullying messages to followers (FOTW in example), spam (fxgoo spamming everywhere) a greenlight.
Overall
The calculation formula they gave you is the correct one to calculate the %DD. The difference is that zulu calculates a %DD for open orders as well, which IMO it is correct, as most providers leave many open negative trades
Overall
It seems to me that this system is better because it calculates the negative open positions as DD and does not wait until a position is closed.
Overall
That looks like more a Risk/Reward Ratio instead of a DD!
Overall
I just had an interesting chat with Zulutrade live assistant about the way Zulu calculates the max DD.
This is the example they gave me:
"If at time 00:00 a Signal Provider has 5 open trades, 4 winning, 1 losing 5 pips, the DD is 5 pips.
If at time 01:00 you have 5 open trades, 1 winning, 4 losing 5, 10, 15 and 20 pips respectively, then DD is 50 (5+10+15+20) pips.
If at time 02:00 you have 5 winning trades, then your DD is zero."
So the DD is only on open positions!
Then, I asked about the way they calculate the DD in % and here is the answer:
"This is calculated by dividing the Max DD (as described above) by the number of total pips won. So if Max DD pips is 348 and total pips won is 5683, then Max DD% will be 6% (348/5683 = 0.06).
This statistic indicates how much of his profit the Signal Provider has risked - e.g. if Max DD% is more than 100% that Signal Provider could have potentially lost more than what he has earned so far. The less it is, the less risky the Signal Provider can be considered."
What do you think about it?
Overall
the alchemy is a brilliant idea! 😁😁
Overall
Which broker and providers do you use? Usually its the broker that messes up, I had to change mine and it is much better since then!
Overall
They are Very slow!
and always make trade delary!
and the Page always in incorrect!!!
Profit never happen!!!
Overall
I have never added him in my SP portfolio. I like to follow more conservative SP who are thinking their followers. However I have to admit that I was jealous for some of his trades.
Overall
lol fly on the wall has done it this time! I think its the end of him and all of his alt. accounts for good! Thats why the 100% success strategy never works!
Overall
Yes its quite a change! Think its for the best, old ranking had issues.
Overall
I agree it' s cool to have "access" to other user's account settings. Actually for some of them I wish with all of my heart it could be mine !!! :)
Overall
True, however one can adjust his settings based on his account size. I always look the margin call o meter to be less than 40%.
The alchemy looks promising
