Hello fellow zulutraders.
Thanks to a user on the Forex Nirvana forum named billfx I found out about a rather popular and “hot shot” ZuluTrade signal provider that goes by the interesting name of “Fly on the Wall.” Apparently this signal provider has been a top ZuluTrader performer for quite some time now now. I guess I missed this one, but then again I don’t visit the ZuluTrade homepage all that often. Anyways, what I’m trying to go for in this post is to bring to the euphoria a sense of caution. Many traders will no doubt sign up with this signal provider and “go all in” sort of speak. I would suggest being a bit more cautious. Even though this signal provider has had a very long 100% winning streak it does not necessarily mean that it could not have a huge loss tomorrow. Fly on the wall leaves trades open for a reasonable amount of time and I bet you anything that eventually one if not all their positions will go deeply into drawdown when the market turns against them. That’s why I suggest lowering your risk or making 100% that you restrict the number/size of the lots this signal provider opens on your account.
For details of this signal provider’s performance see ZuluTrade’s Fly on the Wall details page.
14,343 pips with 100% accuracy looks impressive indeed!
Best of luck to all you Zulutraders!
Update:My apologies folks, it seems I made a huge error when I made this post. I said that this provider has been on ZuluTrade for a mere 3 months when in fact the ZuluTrade page shows 40 weeks. What happened is I got the 3 months info from a forum post and in my rush to make this posting I did not check the actual info on the ZuluTrade signal provider details page. My apologies.