CurrenTrade has been trading with ZuluTrade for 29 weeks with a consistently high ranking. The Return on Investment (ROI) is 427% annualized with 25% worst drawdown. She is a Live and fully verified Trader as well as really involved on her ZuluTrades’ Social page. Let’s meet her and see what she has to say about her engagement with ZuluTrade.
Tell us about your trading background and how you got started.
About 6 years ago, I started looking for methods of earning money online. Then, I discovered foreign exchange market, Forex. Simultaneously with attempts to work on Forex, I was engaged in writing and selling articles on websites, writing news articles on demand, and dealing with affiliate programs, but still, working as a trader attracted me the most. Probably, the choice was influenced by my mathematical background.
I independently studied all the available information: books, thematic sites, webinars, etc. I created my own site. The first two years I traded only on a demo account, participated in contests and tried to trade on real accounts with no deposit bonuses.
Then began to trade on cent accounts with my own capital, applying many different strategies.The next step was to study the trading expert advisors: testing in the Strategy Tester, joining to the account, setting up parameters and executing.Naturally, working with advisors who are freely available on the network was doomed to fail, but I did not know it then. 🙂
I tried a lot of different robots.
During this time, I constantly participated in webinars, watched conferences with the participation of professional traders. Gradually learned all the new nuances, received more knowledge and experience. Finally, I came to the conclusion that trading a reliable advisor plus the use of VPS and constant monitoring in order to perform correct trading in time can lead to successful work.
When did you discover ZuluTrade? What was it about ZuluTrade that got your interest?
I found out about ZuluTrade about 3 years ago from the Internet. There was a free video course, which gave me an idea of the company: the service allows one trader to broadcast signals, and others – to copy transactions. But since I prefer to study and improve my professionalism, I thought of becoming a provider. And when I was convinced that I would earn money (with the help of an expert advisor), I registered with ZuluTrade as a trader.
I want to note the friendliness of the support service and the speed of replies, as well as the generally positive atmosphere of the service.
Please describe the basic structure of your strategy.
The strategy is based on the construction of a series of trading orders on the principle: the step between orders is increased by 2-3 points, starting from 3 orders the volume of each order is increased by a constant value equal to the size of the initial lot. Take-Profit is set at a total distance of 40-60 points from the current price in the series to 7 orders.
What’s your trade management approach – taking profit and exits, trade size and account- level risk management?
The expert advisor trades, but sometimes I close all transactions at once by hand, if the price is close to the level of profit, but does not reach it by 5-10 points and starts to move away. And I keep this principle always. Often, it saves me from deploying a large number of transactions. And if a series of 6-7 trades has unfolded, then there is nothing left to do but stay cool and wait for a positive closing.
In case of force majeure circumstances (opening 8 trades or more), I plan to transfer the trade to manual control to exit the situation with the least loss or with a small profit. For this, a large number of trades with small profits will be made and gradually minus trades will be closed in parts (I am experienced for this). The EA stops and starts again when the situation is out of danger.
This can happen, of course, (once already there were 9 trades and the series was closed on TF), but the probability is small.
How can your followers get the best out of your strategy?
For a more efficient and safe following, I would recommend that you keep the required deposit size: 2500 points of account currency for every 0.01 of the initial lot (25000 for 0.1). In this case, you can set 100% copy and have 1: 500.
You can copy 200%, 300%… if your deposit is 2 times, 3 times more than necessary.
For example: My deposit was 25000$ and I started trading with the initial lot 0.1, which means that you can copy 200% if your deposit is more than 50,000, 300% if your deposit is more than 75,000, etc.
Conversely, if my deposit is 25000 and the initial lot is 0.1, and your deposit is 2500, then you must copy 10% if your deposit is 5000, then 20%, 7500 – 30%, etc.
For each increase in the deposit by 2500 it is allowed to increase the initial lot by 0.01. At the moment, you could set the initial lot 0.14, but I decided to wait until my deposit grows up and you can set the initial lot 0.2. I think that the number 0.2 will be very convenient for the following settings.
There is one more thing: set the settings so that ALL transactions/trades can be opened.
Otherwise, the following will happen:
- A series of 6 trades, but you have only opened the first 3 – you will be at a loss.
- A series of 6 trades, but you have opened the last 3 – you may have a profit but you are losing many trading opportunities.
- A series of 6 trades, but you have opened 3 in the middle – what will happen? – It is not known.
You can connect the account to the signal for the first time at any time, it does not matter. I still wish everyone peace of mind and endurance. Do not forget that Forex is the probabilistic environment and the risk constantly lies in here and waits for us. But we must skillfully avoid it.
How do you feel when you have a good and a bad trade? How are you dealing with this?
If the transaction is good, then, naturally, a sense of joy comes for a positive outcome, and in the case of a “difficult” transaction, when there are several days to wait for completion, and sometimes to take security measures, then a sense of relief is more likely.
In case of failure, I always remember that the market is always working and you can restore the loss and earn again. Failure makes conclusions and disciplines.
Finally, if you could give some advice for the aspiring traders out there, what would it be?
For beginners, I would advise not only to learn but also to constantly trade on the cent account to gain experience.
There is a lot to study: technical analysis, which includes a lot of chart techniques, fundamental analysis, different strategies, mastering automatic trading. And all this will have to spend a lot of time, and even a few years. But the main thing is not to give up and you will get results.
More Traders’ interviews to follow…Stay Tuned!