[Closed] Signal provider Zulutrade

I do have some experience with signal following on zulutrade.

And although it might be profitable it is not the holy grail, as the system is flawed.

• signal providers are paid per trade, hence they have a big incentive to put in as much trades as possibles. Which is normally not a way to earn money.
• Signal providers tend to have poor money management. Meaning that they have way too large stops and don't allow their winners to run.
• The graphs the providers show can be tweaked.
• There is a time delay between the time the provider enters a signal and the time you take the trade. During this time the price moves and this might cause you to have a worse price. Moreover following the provider cost you some pips. Hence you should look for providers that make quite some pips per trade on average.
• It is very hard, ( I believe impossible) to profit from signal following on sites as ZuluTrade and look alikes.

Having profit on a demo is easier than on a live account because on a demo you don't are affected by the slippage so much.