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My ZuluTrade Portfolio As of March 1 2013

ZuluTrade

Greetings! It’s been a while since I last published my current ZuluTrade signal provider portfolio so I thought it was about time to update you all on what I’m currently using on my live account. This is for your consideration only and it does not mean that these signal providers are in some way “the best”. This is just what I feel is worth using personally, and of course your opinion may differ. I will list each signal provider along some brief commentary.

1: youron – I just added this yesterday, so for me this is more of an experimental signal provider

2: xiaolidao – This provider is currently ranked in the top 5. So far I’ve been pretty happy with the way he trades. His past record is also pretty good. He’s only had 4 bad months since Oct 2011.

3: TREND RIDER AUD/USD – This guy is pretty good but I consider him a high risk provider. First of all he’s got a high maximum drawdown (34%) and the necessary minimum equity is $463 so a lot of you small account holders will want to avoid him. Also his max open trades are 14 which is on the high side.

4: Saved FX – This guy is pretty impressive. He has a very low drawdown level and good profits every month since June 2012 which is when he started with zulutrade. He also happens to be ranked #4 overall.

5: Kama-spot – This signal provider is #1 right now on zulutrade and I’d say his performance is very impressive thus far. He is relatively new to zulutrade though having started back in Oct 2012. So I dunno, maybe some of you might want to wait a bit longer to see how he performs after at least 6 months have passed. I chose to take the risk and add him to my portfolio.

6: greenfx777-6 –  I haven’t had this signal provider for long, so I can’t comment much on him. I thought he was worth a try though.

7:  FXturtle-EURUSD – This guys is not too shabby. I found out about him through his other signal provider which specialized in eur/jpy. However I stopped using his eur/jpy signals as things started going sour recently. Either way I’d say he’s worth a try.

8: ForexAnomaly – this is an experimental signal provider I’ve added just today. He is ranked #6 overall. So far I can’t comment much as he’s so new to me, but one thing that I noticed is that his eur/usd trades fair out much better than his gbp/jpy.

9: EUReka V – I found out about this signal provider from the provider himself when he posted in one of my forum’s zulutrade threads. After a month or so watching him on zulutrade I decided to so called “bite the bullet” and put him on my live account. Hopefully he will work out for the long term. Time will tell.

10: EUReka III – This is the same signal provider as the previous (EUReka V) but I guess this one employs a different trading strategy. This one is new to me as well.

That about does it for this post. I will as always keep on making zulutrade related blog posts, and will update you  all on what my portfolio is once in a while. If you want to chat about zulutrade signal providers I recommend you join me at the Forex Nirvana forum. Just go to forexnirvana.com

Cheers, and happy trading to you all!

Alan

Started Testing FapTurbo on ForexMeta

fapturbo.jpg

Greetings everyone. As you may have noticed already in my previous post I announced to the world the availability of a new version of the popular FapTurbo forex robot – specifically version 52 (see this post for details.) As I mentioned in that previous post I have upgraded my FapTurbo to this latest version and I have also decided to test it with the broker that the FapTurbo crew recommend. The first broker to be tested shall be ForexMeta.

ForexMeta as far as I know is somehow related to FXDD. I’m not 100% sure of this but I think they are a whitelabel for FXDD. As such they use the GMT +2 setting and as far as spreads go they’re not all that low so I’m not sure how well suited this broker is for FapTurbo’s scalping strategy. But I guess since the FapTurbo crew recommend this brokerage firm I may as well see how well their EA performs there.

I’ve decided to use myfxbook to keep track of the performance instead of regularly uploading pdf performance statements to this blog as I have done in the past. This will not only make it easier for me to test more forex robots without overworking myself but it will also make it easier for you to keep an eye on my performance testing.

To checkout the performance results of the FapTurbo scalping strategy (ALL scalper currency pairs, M15 time frame) see this link:

http://www.myfxbook.com/members/fxguru/fapturbo-scalper-forexmeta/68492

To checkout the performance results of the FapTurbo EUR/USD M1 aka “long term” strategy see this link:

http://www.myfxbook.com/members/fxguru/fapturbo-eurusd-m1-forexmeta/68495

For FapTurbo newbies or curious visitors I recommend you see the FapTurbo homepage at:

http://www.fap-turbo.net

I’ll keep you all posted on any FapTurbo related news as well as on how my performance testing goes.

Oh, and before I end this post I should also mention that I will also be testing FapTurbo on two more “recommended” brokers: FXCBS and IamFX. Two other blog posts will follow with more details, so stay tuned to this blog. Don’t you dare close the browser window! lol

Cheers,
Alan

LMT Forex Formula In Action

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Oops. I had in mind to post a screenshot of the LMT Forex Formula in action in my previous post (below this one) but forgot at the last minute before I published the blog posting. Anyways, I decided to start a new post rather than lengthen the previous one which was only intended to be a sort of “announcement” post.

Here is how the system works when it’s all setup and running:

What you see in that image are 3 main indicators and an expert advisor (EA). The first indicator is a overall trend indicator (green arrow), then the second one is what Dean Saunders calls a trigger indicator, and the last indicator is a 10 period EMA (exponential moving average). The expert advisor you can see at the top right corner of the chart. Its job is to monitor the market for a proper entry point based on the rules of this trading system.

So essentially this LMT Forex Formula is a “semi-automatic” trading system. The expert advisor will alert you of a possible entry. Your job then is to confirm this entry by following a few simple steps which you’ll find in the PDF manual.

I am thinking that maybe this system can be fully automated – i.e turned into an expert advisor. I’ll get in touch with my coder and see what we can do. If I succeed in turning this into an EA I will be able to conduct a backtest and see how this system performed in the past 4-5 years. Of course I will publish my results as usual, so stay tuned to this blog (or better yet subscribe to the RSS feed.)

Ok, that about does it for this post. I’ll be back with some performance results as soon I can gather them.

Other useful resources:

To chat with other owners of this trading system I invite you to checkout this thread on my Forex Nirvana forum:

http://www.forexnirvana.com/showthread.php?t=676

To get your own copy of the LMT Forex Formula visit its homepage here.

Cheers,
Alan
http://alansforexblog.com

GBP, CAD, AUD Hit Hard as Financial Crisis Deepens

Dollar and yen are generally higher today as global stock markets tumble following DOW’s 678pts fall to 8579. Niikkei dropped nearly another 10% to 8276, having the worse weekly drop in history after a 98 year old Japanese insure Yamato Life files for bankruptcy. European stock markets also open sharply lower with FTSE 100, DAX and CAC 40 dropping nearly 10%. Dollar index resumes recent rally and climbs to as high as 81.91 so far. Crude oil tumbles another 5% to 82 level while gold climbs over 3% to above 930.

AUD/USD and AUD/JPY are the biggest loser today so far but are still holding above this week’s low. The more important developments these few days are the persistent weaknesses in Sterling and Canadian Dollar. Sterling is pressured by concern that UK-Iceland assets row may escalate further. The two nations are tussling over on who should compensate British savers with money locked in Icelandic banks after the system collapsed. Prime Minister Gordon Brown said UK may freeze the assets of Icelandic companies using anti-terrorism laws. GBP/USD took out 1.7047 key medium term support and falls to as low as 1.6786 so far. GBP/JPY drops to as low as 165.91. EUR/GBP is back above 0.8 level. USD/CAD on the other hand, surges sharply to as high as 1.1647 on falling oil prices. Euro is sold off sharply in EUR/CHF with the cross breaking Mar’s low of 1.5331 and diving to as low as 1.5167 so far. Though, the common currency remains relatively steady against dollar and yen.

On the economic data front, Swiss unemployment rate was unchanged at 2.4% in Sep. Main focus is on Canadian job report which is expected to show unemployment rate up to 6.2% in Sep, with 11k jobs added. Canadian and US trade balance will also be featured. Nevertheless, economic data will likely continue to take a back seat and focus remains on development in the global financial crisis. Also, attention will be on the G7 meeting which begins on Friday, followed by annual IMF/World Bank meeting from Oct 11-13.

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.7157; (P) 1.7406; (R1) 1.7552; More

GBP/USD’s fall extends further to as low as 1.6786 today, taking out mentioned 61.8% projection of 2.158 to 1.7445 from 1.8668 at 1.6991. At this point, intraday bias remains on the downside and further decline is expected to next target of 61.8% retracement of 1.3680 to 2.1161 at 1.6538. above 1.7398 will turn intraday outlook neutral first. But consolidation should be relatively brief as long as 1.7398 resistance holds and recent decline is still expected to resume sooner rather than later.

In the bigger picture, a long term top is in place at 2.1161 and down trend from there is still in progress. Next medium term target is 61.8% retracement of 1.3680 to 2.1161 at 1.6538. The impulsive nature and the scale of the fall from 2.1161 also provides strong evidence to the case of the start of a long term down trend. Sustained break of 1.6538 will target 1.3681 (01 low). On the upside, above 1.8668 resistance is need to confirm that a medium term bottom is formed. Otherwise, outlook will remain bearish and further decline is still expected even in case of stronger than expected rebound.

GBP/USD 4 Hours Chart - Forex Chart, Forex Rates, Forex Directory, Forex Portal

Majestic Forex System Affiliate Program

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Greeting fellow money makers. I’m back with another potentially lucrative affiliate program. This one comes from the Forex arena. By the way for those of you who have never heard of forex, all you really need to know is that forex means the trading of national currencies. There is a LOT of money to be made in this market, but not everyone has the time or dedication necessary to become good at trading in this market. Don’t worry however, there are plenty of ways to make some money from this market, albeit they’re indirectly, but money nonetheless……

Read the rest of this article at Alan’s Money Blog..

GalleonFX lowers minimum account size to $1000

I have some great news for those of you looking to invest in a managed FOREX account (aka “MA”). GalleonFX, a prominent provider of managed forex accounts, has just decided to lower their minimum account size from $25,000 and $10,000 down to just $1000. I was quite surprised when I heard about this and I most certainly intend to take advantage of this.

Those of you who have no clue what a “managed account’ is should read this below:

Investopedia.com (a great resource btw, so go read it now!) defines a “Managed Account” as an investment account that is owned by an individual investor and looked after by a hired professional money manager. In contrast to mutual funds (which are professionally managed on behalf of many mutual-fund holders), managed accounts are personalized investment portfolios tailored to the specific needs of the account holder.

In this case GalleonFX trades on the FOREX market on your behalf.

Their main brokerage firm, FXCM, allows people to quickly and easily fund accounts by credit card. So there is no waiting for checks to clear or problems dealing with the hassle of confusing bank wires.

P.S. This offer is valid only for the month of October!!

To take advantage of this limited-time opportunity visit this link:

http://www.galleonfx.com 

Infinity Shares Forex Investment Club (SFIC) announces 5.52% profit for Aug 2007

I just received a notice from the admins of Infinity Shares Forex Investment Club (SFIC) letting me know that they’ve managed to pull through August with 5.52% (technically it is 5.5277%) profit.

Here is the split up of the profit:

About 3.3% is going to increase the share price from 3.35 to 3.46.
Another 2% is used to pay out as dividend being 0.07/share.
The remaining profit is also added to the reserve funds.

After the weak performance showed in the previous months this is indeed quite refreshing to hear. I hope this performance level will continue far into the future.

For those of you who have never heard about this program see the rubric “High Yield Investments” on the right hand side of this blog.