Zulutrade, which was long regarded as the less professional autotrading provider out there, is now working hard to change that image and introduces one feature after another. Perhaps this has to do with a rumored investment recently received.
Zulutrade recently launched several social features such as TradeWall and follow a successful follower and now it is the filters turn. The advanced filter though is hard to find unless you know where to look for it – it’s right under the Search button.
Zulutrade also added several additional features such as:
- 700 pips maximum allowed drawdown for Signal Provider – Signal Providers are prohibited from keeping open positions which go lower than 700 pips. From now on, Signal Providers who fail to comply with this rule, and keep floating losses at more than 700pips per trade (10,000pips for XAU/USD) will face penalties that may extend to banning their account and payments.
- 100% winning trades Warning Sign – if a Signal Provider always aims for 100% winning trades, this may be dangerous for Live Followers’ accounts, as he may choose to hold losing positions for long periods of time, with huge drawdowns before a potential recovery. Such strategies may seriously expose Live Followers’ capital. So from now on, you will get a Warning Sign for all Signal Providers with 100% winning trades ratio.
- Trades executed outside our Signal Provider’s Trading Compliance Rules (Ghost Trades) will not be taken into account on the Signal Provider’s Performance Statistics and Trading History – since trades executed outside our Trading Compliance Rules cannot be executed on Live Followers, our statistics will only take into account trades from which a Live Follower could potentially receive. This way Signal Providers will avoid trading strategies that abuse the Rules and the Performance Statistics.
This is the best update that zulu has done EVER!