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You are here: Home / Archives for Platforms / Autotrading

Autochartist Review – Autochartist Accuracy Case Study in 2023.

by Fxigor

Autochartist is a platform that generates trading signals and delivers 1000+ actionable trade opportunities per month in financial markets in real time. This tool is a market scanner and can provide statistically significant market movements and identify basic price levels. So, we created one case study using the MT4 Autochartist plugin.

Autochartist platform

Autochartist is a trading signal platform that provides traders with comprehensive market analysis. Using the Autochartist MT4 plugin, traders can quickly identify entry and exit points and assess market volatility. Moreover, Autochartist enables investors to receive real-time updates on upcoming market movements and detect potential trading opportunities. By utilizing the Autochartist service, traders can increase their chances of success in the financial markets.

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Autochartist accuracy is between 63% and 82%, but generally, trades have a low-profit factor. Based on a case study, in the last 18 months (1.1.2019 till 1. January 2023), accuracy was 64% for significant forex pairs, and the profit factor was 1.01. Using the Autochartist MT4 plugin after 18 months of trading, the trading balance almost didn’t change.

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When it comes to accuracy, Autochartist’s performance is consistent. The platform provides signals with an accuracy rate between 63% and 82%. This means that out of every 100 trades based on these signals, at least 63 will be profitable. However, users should note that the profit factor for trades generated by the system is relatively low compared to other automated trading systems. A case study of 18 months (from 1 January 2019 to 1 January 2021) showed that significant forex pairs had an accuracy rate of 64%, while the profit factor was recorded at 1.01—almost flatlining the trading balance over this period.

Besides providing accurate forecasts and signals, Autochartist also offers its clients additional tools, such as chart pattern recognition software, which helps traders identify emerging trends or technical indicators that may help them spot potentially profitable trades before they happen. It also has a feature called Volatility Analysis which allows investors to make informed decisions about their investments by displaying current volatility levels for certain assets across different timeframes (1m – 1y). In addition, Autochartist’s Risk-Level Indicator gives traders an idea of how much risk they take with each trade based on their stop loss level.

To further ensure client satisfaction and reliability, Autochartist constantly updates its software to provide its clients with the most up-to-date information on the market. It also offers customer support services through phone or email 24 hours a day throughout the week so customers can get assistance whenever needed. Furthermore, Autochartist provides educational materials such as webinars and tutorials to help users better understand how to use their service effectively for maximum profits.

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Overall, Autochartist is a reliable trading signal platform that offers its clients high accuracy rates along with additional features like chart pattern recognition software or Volatility Analysis which can significantly boost chances of success in financial markets if appropriately used by traders who have sufficient knowledge about trading strategies and risk management techniques.

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Accuracy is not so important in trading.
For example:
If I buy one mini lot of EURUSD at 1.3, stop loss 1.295, and target 1.3025, I risk $50, and my target is $25.
I can trade 999 times, risking $50 and trying to achieve $25, accuracy can be 66%, but I will have a $0 profit in the end.

333 times I will lose $50 = -$16.650
Six hundred sixty-six times, I will win $25 = +$16.650

Autochartist accuracy case study description
This study used significant forex pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD, EURCHF, EURJPY, and GBPJPY.
We made trades using one micro lot.
Tool: Autochartist MT4 plugin (our broker offers a free agency).
We traded 1 hour and above (higher time frames) to avoid overtrading.
We traded only signals with at least a 75% probability of success.
Results were:
Accuracy: 65%
Profit: 1.01

Autochartist performance statistics

To check Autochartist performance statistics in the Autochartist platform, go to the performance statistics tab, and select the asset you want to analyze based on pattern, critical level, and key-level approaches. See details in the video below:

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Autochartist review grade

The Autochartist application ranks 3.5 out of 5 ratings based on several trading forums and Google Play. Autochartist reviews show that this tool uses thousands of regular clients around the globe. This indicates that Autochartist is a well-known and regularly used price forecasting tool. Autochartist technology enables users to monitor thousands of Forex financial instruments and their patterns.

In the following chapters, we will see the essential platform review.

Autochartist chart patterns list is:

  • Channels (up and down)
  • Triangles (ascending, descending, and symmetrical)
  • Rectangles
  • Double top and Double bottom
  • Triple top and Triple bottom
  • Head and Shoulders (plus inverse Head and Shoulders)
  • Wedges (rising and falling – continuation and reversal)
  • ABCD pattern
  • Fibonacci retracements and extensions patterns
  • Gartley (harmonic pattern)
  • Butterfly (harmonic pattern)

Let us learn more about this tool:

Autochartist platform cost

  • The Autochartist Monthly Subscription plan is $29.
  • Three Month Autochartist Access Once-Off payment plan is $87.
  • Autochartist Six Month Subscription Plan is $145.
  • Autochartist Binary Options Three Monthly Subscription is $30.

Traders can get free Autochartist MT4 plugins from their brokers. For example, clients can use Autochartist HFM or Autochartist IC Markets for free.

Clients of IC Markets had access to Autochartist’s automated technical analysis and content through the MT4, MT5, and cTrader platforms.

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How to use Autochartist on MT4?

Autochartist is an innovative trading platform that can provide traders with high-quality signals for successful forex and stock trading. The system combines sophisticated software algorithms with real-time market data to identify profitable opportunities in the financial markets. Autochartist can provide traders with timely alerts of potential trades, helping them to make informed decisions on when and what to trade.

how to use Autochartist platform

The Autochartist platform is designed to be easy-to-use, highly customizable, and flexible enough to meet novice and experienced traders’ needs. It features an intuitive graphical user interface (GUI) that allows users to quickly understand the market dynamics and make informed decisions based on their unique trading strategies. For example, users can scan multiple timeframes or select predetermined technical analysis indicators such as Fibonacci retracements, Elliott Wave theory, support & resistance levels, or candlestick patterns to quickly identify potential price points of entry or exit from a trade. Furthermore, Autochartist also provides recommendations for optimal risk management practices, such as stopping losses and taking profits.

For those new to trading with Autochartist, it can be helpful to start by reviewing the available tutorials in their online Learning Center. Here users will find educational resources covering everything from basic concepts such as price action analysis and money management techniques to advanced topics like algorithmic trading systems and neural networks. There is also a library of pre-recorded webinars available for free that cover various aspects of Autochartist’s features and capabilities in depth.

Several options depend on your broker’s capabilities when it comes time to place a trade using Autochartist’s signals. Many brokers offer direct integration, which allows for the automated execution of trades based on alerts provided by Autochartist’s analysis engine. Alternatively, mobile apps available from both iOS and Android stores allow users to access the platform away from their computer or laptop – great for those who may want flexibility when executing trades while out and about! In addition, plug-ins are available for popular charting packages such as MetaTrader 4/5 so that traders can easily overlay the signal data directly onto their chart sets up for straightforward visual interpretation by the user before making their trade decision.

Finally, once you have chosen a broker integration option for Autochartist Signals, it’s essential not to forget proper risk management when executing your trades based on these signals! Just because a signal has been generated does not necessarily mean it will result in profits – just like any other form of trading, you must consider overall market conditions and your particular strategy goals before entering any positions based on these signals! Therefore, you must familiarize yourself with how leverage works to properly manage your risk exposure and set appropriate stop losses accordingly should your trade move against you unexpectedly due to unforeseen events in the market.

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To use Autochartist on MT4, please download the MT4 plugin, run the .exe file, and install it. All steps can see below:

autochartist installation steps

Please see the video explains how to use the Autochartist mt plugin:

autochartist mt4 plugin

There is one more excellent tool.

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Autochart volatility analysis

Autochartist volatility analysis represents an optimization process for trading stop-loss and take-profit levels with the Autochartist volatility analysis tool. This analysis will draw a price range for each trading instrument in each time frame. For example, on the same chart, you can compare volatility for EURUSD on H4, weekly, or 15 minutes. 

In the video below is the Autochartist volatility analysis explanation:

Autochartist binary options

Autochartist binary options tool can scan binary options assets and provide possible direction based on pattern and time. It is presented in the video below:

Autochartist binary options tool can be used for analysis. See the video below:

However, this tool is no “Holy Grail” in trading, and traders can not achieve high expectation profits. But this tool is suitable for analysis and to “catch” exciting setups.

Filed Under: Autotrading, Forex strategy

Are Trading Bots Legal?

by Fxigor

When we hear the word trading bots, the first thing that comes to our mind is how bots can do trading. Are they efficient enough to perform the trading tasks with precision? Are they even legally allowed to be used by traders?

Read this article for in-depth information about trading bots, how to use them, and how a trader can check if a bot is excellent or fake.

What Are Trading Bots? 

Trading bots or trading expert advisors are computer programs created using coding languages such as Python, MQL, C++, Java, etc. The algorithms are developed as per the trading strategy, which analyzes the market and executes entry and exit positions.

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In theory, traders can create the trading strategy and leave it to the trading bots to execute their trading plan. However, monitoring and small changes are essential in automated trading. 

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However, traders need months and years to develop trading bots, analysis, and hard work. Trading bots can outperform short-term manual trading but usually can not compete in long-term trading strategies and usually underperform manually trading. This thought is for debate.

Trading bots are suitable for traders who do not wish to sit all day, waiting for a better trading opportunity to arrive. They can leave it to the trading bots and utilize their time into something else, like upskilling themselves. Using the bot does not require the trader to have excessive trading skills. Bots are capable of performing both the analytical and execution parts of trading. 

Are Trading Bots Legal?

Yes, trading bots are legal worldwide, and there is no financial regulation that does not allow trading bots implementation. However, brokers have the right to ban high-frequency trading bots or bots based on price quote manipulation, such as price latency arbitrage strategies.

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Price latency arbitrage strategies based on internet delays can hurt brokers, and this practice is not allowed. However, traders can and should use arbitrage trading and exploit price discrepancies within different trading markets of similar or identical assets to make profits.

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If we talk about regulations for Trading Bots, they are legal in almost every jurisdiction. This means that there is no such law regarding restricting the use of bots for trading. However, many brokers are still skeptical about trading bots and have strictly banned them. 

Since there is no regulatory ban on trading bots, their use is legalized. It depends on the broker, whether they are using it or not. The number of brokers who are strictly against the bots is very, very rare. Trading bots are widely used in almost all leading trading platforms. Therefore, it is not very difficult to find a broker or a trading platform using trading bots. 

It has always been a concern when it comes to the rightfulness of trading bots. The reason behind this is the presence of many scams in the trading market. There are many incidents where the bots have failed to perform as promised by the companies that sold them. Due to the poor execution of these trading bots, many traders became targets of irrecoverable losses. 

At the time of selling, many companies lure the traders by showing fake results of their bots and offering money-back guarantees. Rare are the chances where the promises are fulfilled. Sometimes these scammers are nowhere to be found after successfully fooling people into buying their bots. 

This doesn’t mean that every company in the market is selling illegitimate trading bots. However, they might be few, but some companies have potential trading bots that work as they promise. Though the best way to have a good trading bot is to create your own, it will require a robust trading system that has the potential to convert strategies into a program. 

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Creating a bot may require you to have programming knowledge or someone who can make it for you and is trustworthy. A trusted creator is a must as many of them end up selling the trading bot to others created on your strategy. 

Are stock trading bots legal?

Yes, stocks trading bots are legal in the US and worldwide. Traders are encouraged to implement these strategies because bot trading increases brokers’ commissions and increases trading liquidity in the whole market. However, brokers have the right to ban bots based on price latency arbitrage strategies or any other price manipulation if manipulation is created to harm brokers.

Usually, strategies that use internet delay in price quotes can generate broker’s loss, so many brokers do not allow that kind of strategy.

Are crypto trading bots legal?

Yes, crypto trading bots are legal in the US and worldwide. Traders are encouraged to implement these strategies because crypto-bot trading increases brokers’ commission (more trades than manually trading) and increases trading liquidity in the whole crypto market. Crypto trading is specific because economic news and fundamental news almost do not impact price, and everything is based on supply and demand on the market.

However, crypto brokers can ban crypto bots based on price latency arbitrage strategies or any other price manipulation if manipulation is created to harm brokers.

All political and economic news placed in the information to move the crypto market up or down is just speculative and short-term lived. The Crypto market does not have a financial statement that can impact the crypto market price in the long term. For example, no interest rates, industrial production, or GDP can impact future costs like on ordinary national currencies!

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Tips To Find Efficient Trading Bots

Many are scams out of all the trading bots available in the market. It is imperative to research the company that is selling the bots. It should be regulated, should be able to show you actual outcomes of the trading bots, and must have a history that is backed by good customer reviews. Any company that offers results that are too good to believe is a red flag. 

The following are some of the tips to identify bots that have potential.

  • Stay Away from Cheap Bots

If a seller tells you that the bot they are selling is very profitable, and at the same time, it is marked cheap, think about it. Why would someone sell a beneficial product at a very reasonable price? These companies lure many spontaneous buyers at the same time to sell the bots and flee with the money. Avoid bots that are priced at $100 or below. It is not like only expensive bots are legitimate, but excluding the cheaper ones will be a good start in your hunt for a fair trading bot. 

  • Trust the Real Numbers and Not the Words

Sugarcoated words and big promises about the trading bots cannot guarantee their rightfulness. The actual numbers, facts, and figures are genuine proof of a trading bot’s real potential. Therefore, only go for the companies that can show you everything about the bots, such as their performance in the live market, backtest results, annual returns, and more. 

The charts and figures are enough to understand a trading bot’s prospects. The speech filled with terminology that you cannot understand may have been created to misguide or confuse you. 

  • Always Read Online Reviews

Anyone can easily find customer reviews about different trading bots. Some can be fake or paid reviews, and it is difficult to identify genuine ones. Whatever the company may claim, the real potential can only be determined through actual customer reviews. These authentic reviews are usually found on social media or forums. A reviewer with no history can be a paid reviewer. Honest reviewers typically have a record of genuine reviews.

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  • Be Aware of False Claims

Every trader is aware of the unpredictability of the trading market. Even if the trading bot is exceptionally potent, it still cannot promise higher returns, as you may have seen on some of the websites you have come across. Some companies display websites fancied by misleading graphics and pictures like big mansions, luxurious cars, or rain of cash and gold. Don’t get in the trap of these scammers, as nobody can promise you significant returns.

  • Always Go for Regulated Companies

If you want to make sure you are not being scammed, always go for the company regulated by a respected regulatory body. You can check with the regulatory bodies to know if the company is genuinely held under them. Also, if the company is new, there will always be doubts surrounding its genuineness. Therefore, companies registered for more than five years, are regulated, and have customer reviews, are less likely to sell you fake trading bots.

How To Identify Fake Trading Bots? 

Specific methods are used to create fake trading bots. The following is a list of some examples of these methods. 

  • Excessive Curve Fitting-  Many sellers of trading bots only show positive results. They constantly adjust the trading rules that result in good curves. These companies may prepare reports that exclude the days when the strategy showed negative effects. They may also modify the positions of taking profits and stop-loss to derive presentable results. 
  • Modification with Backtest- Many fraud companies perform many random backtests until they derive the results that they can present to scam traders into buying their bots. They use arbitrary trading rules which do not generate justified results and are just a show to attract buyers. In the end, these bots do not work, and the traders lose. 

Summary

Trading bots are legal, but some of their sellers are fake. Although many traders widely use these bots, the only question is where to find the simple bots. Considering the above points while searching for a trading bot will give you a heads-up. Since the users of trading bots surpass the number of manual traders, the requirement for these bots in the market has increased, leading to an increase in the number of scammers.

Remember the above points while hunting for bots. Also, trust your judgment and skills to find a legitimate trading bot. Though the bots cannot promise you that the trading results will be in your favor, they can assist you in completing your trading goals. 

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Filed Under: Autotrading

The Best PAMM Account Forex Broker List

by Fxigor


Percent Allocation Management Module (PAMM)
– “The Percent Allocation Management Module (PAMM) is a technical solution provided to Dukascopy Bank clients and allowing them to have their accounts managed by a trader appointed by them based on a limited trading power of attorney.”
So, under the PAMM system, you pick a trader and invest – he trades – you both split the profit!
Through an Alpari PAMM account, you will be able to make a profit in the forex world without having any trading experience. All you need to do is select a manager of your choice, start putting your money into his account, and he will pay you great rewards.
PAMM is an exclusive account offered and developed by the high-level forex experts at Alpari. It is recognized as a breakthrough in forex account management. With the account currently at the introduction stage, it has already managed to catch various forex experts’ eyes and earn various quality awards.
Why choose a PAMM account?
It’s effortless to use. After opening your account, you can start trading in no time.
It will earn a profit. Many times, the total yield of a PAMM account has exceeded the interest rates of banks. Unlike other accounts, with PAMM, you will be rewarded if your manager is making a profit. The profit is guaranteed.
The account is under your control. Unlike other similar accounts, the PAMM account allows you to complete freedom. All the investment you put in remains in your control regardless of the manager. By having complete control, you can easily withdraw money from your PAMM account at any time.
You can take your PAMM account for a risk-free test run. Without bearing any risk, you can choose your manager. You can use virtual money to trade with to start.
How to begin investing
• All you need to do is to create an account with Alpari. If you are already registered, log in.
• Transfer your chosen level of funds into the transaction account.
• Based on the PAMM account rankings, you now have to select a manager. After that, you need to select “Invest in this PAMM account.” You will then need to complete a form that will indicate how much you are willing to invest.
The following forex brokers all offer the PAMM service:

These forex brokers offer PAMM service :

Best PAMM account forex brokerFounded Year
HotForex2010
AvaTrade2006
Alpari1998
InstaForex2007
FIBO Group1998
Grand Capital2006
Forex4you2007
FreshForex2004
IronFX2010
LiteForex2005
Oanda1996

The best PAMM account forex brokers are:

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1) Alpari PAMM Account Service
2)
Instaforex PAMM Account service
3)
Dukascopy PAMM Account Service
4)
Hotforex PAMM account

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Please join to PAMM platform for free now.

Read more about hotforex pamm account review

Filed Under: Alpari Review, Autotrading, Dukascopy Review, Forex brokers reviews, FXOpen Review, InstaForex Review, Mirror trading

Collective2 Review – C2 Forex Vs. Zulutrade

by Fxigor

“In this article, we will try to compare the two most important Social Forex trading platforms – Collective2 vs. Zulutrade. A few years ago, we wrote a text about the Zulutrade platform, but now we need to compare it with Collective2.

Collective2 Review

Collective2 Social Forex Trading Signals Platform

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Collective2 or C2 forex platform is a mirror trading or automated signal trading platform where traders from the automated-trading community share algorithms and results.

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Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to say, it’s quite a reputed platform that has more than 19,000 active traders, and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year 2001. The founder of the Collective2 or C2 platform is none other than Matthew Klein, who is quite famous and eminent in the retail algorithmic trading space arena.

This platform also works on the same principle as other available social investment networks like ZuluTrade and Etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

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Opening a trading account with C2 is a straightforward and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on these broker partners’ scheme, you may be offered lucrative incentives from time to time. But, please keep in mind that the broker partners solely provide these incentives. The C2 platform itself doesn’t offer any incentives to the clients for opening trading accounts.

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Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market, UK, US, and Asia.

To ensure adequate gain and profit, it’s essential to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need first to create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found the right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers must also pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.


Is there a mobile trading option for Collective2?

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As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.


C2  Forex Help and support

You can contact the company by dialing the helpline number, i.e., 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team, i.e., help@collective2.com.

Collective2 vs. Zulutrade
Before we analyze in detail these two platforms, see the main facts :

  1. And Collective2 and Zulutrade connect the broker’s account with managers’ accounts and offers signals to traders (investors).
  2. Zulutrade is free. They charge using spreads in the brokerage account.
  3. Collective2 costs around $100 (standard) flat monthly fee.
  4. Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
  5. Using Zulutrade, traders can receive an unlimited number of signal providers but using Collective2, only a few. Zulutrade vs. mirror trader Collective2 has the advantage.
  6. Collective2 traders have an average drawdown below 10%. Zulutrade providers have a huge drawdown and do not care enough about money management.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders, which was the initial idea of Leon and Kosta in 2007. Within two years, Zulutrade had gained popularity, and people could mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features. By then, it had 120 employees who were a good start. Additionally, they entered into a significant partnership with the Spot option. In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

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Zulu trade offers you one of the lowest deposits. The minimum amount you can deposit is $1.It is convenient if you are a newbie, right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough to use the platform.

Spreads And Commission

When you trade using the platform, you will realize a normal spread that you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade you make using the platform.

Buying and selling price differences between the traders, especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings, but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

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Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged, but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy the strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks, and other commodities like oil.

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Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers, of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal, this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation of the chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts that will enable you to execute more than one trade.

If you require a signal provider, you can use Zulu rank calculation based on the age of the signal provider, sharp ratio, trade activity, and frequency of trader logs.

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Zulu Trade Vs. Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide, which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone, and Windows apps. You can download from any version of the operating system, and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account, you will be presented with two options to choose from:

-Classic- If you are a pro, this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit the Zulutrade page, you can access the demo account. All you need to do is enter the required details, and you are set to start learning from the advanced traders. When you have grasped adequate trading skills, you can choose to open a live account.

How To Become A Signal Provider

Everyone yearns to become a signal provider because if you have many followers, you will earn significant commissions. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

.

2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulutrade. This includes a profit calculator, margin calculator, economic calculator, and you have access to news.


Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior, and if possible, it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed, and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment on signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account; hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management


Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries, but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly, and you can take your time from coping with others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison, Collective2 vs. Zulutrade, we saw good and bad things. My personal opinion that if you are a forex trader and you need a signal, you can find a few interesting on Zulutrade for free. IF you are a stock or futures trader – try Collective2. My recommendation is always to see the average monthly return and what is maxed drawdown and then figure out if some system is suitable or not for you.

Visit Zulutrade and start to copy trades for free!

Filed Under: Mirror trading, Zulutrade Review

Zulutrade Mirror Trading

by Fxigor

As everything has both positive and negative aspects, similarly automated trading systems have some drawbacks too. Although such automated systems have got great popularity amongst forex traders, they still do have some disadvantages. In this article, we will discuss those disadvantages of automated trading systems.
zulutrade forex signal provider open account

I’ve read a lot about the automated trading system, but don’t work till now. This system has much significant secret logic, through which it makes decisions and design strategies. I can say that manual trading is more successful than automated trading. An individual loses all his money ad profit too, as the system is not updated all the time. The main drawback of this is that the system is not updated, and an individual doesn’t know whether it’s the right time to gain profit or lose money. As mentioned earlier, the computer plainly doesn’t have the ability to read the human mind; that’s why they cannot detect the devised method applied according to dynamically changing situations with the forex business. Still, all the traders might not entirely agree with the situation.

What is Zulutrade Mirror trading?

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Zulutrade Mirror trading represents a platform that allows traders to mimic (copy trades simultaneously and close at the same time ) others by implementing the same trades that others do in the trader’s own account. Mirror trading is an acceptable alternative for traders and investors in the last several years as investors can rank traders by performance, drawdown, dozens of criteria and pick the best of them to invest money in their strategy.

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See an example of signal Zulutrade mirror trading:
Mirror trading trades - avafx and zulutrade
Another problem with the automated system is that the expert or computer cannot detect the handling error as the event appropriately.
Therefore, after revealing all these disadvantages, I would suggest this business is a waste of time and money until you become an expert as it’s a popular tool. Automated forex trading is also not without its flaws. If you are using it, then make the best decision based largely on your intuition and experience.

 
Mirror trading is similar to auto trading but instead expert systems, software, and scripts – other forex traders trade for you instead. You only receive signals.

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Filed Under: Mirror trading, Zulutrade Review

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