Directions for use to begin in DEMONSTRATION on Zulutrade
Inscription with Zulutrade
- Inform your name, first name, country, addresses email on the page of opening of an account DEMONSTRATION
- Validate your inscription while clicking in the email which you received on behalf of ZuluTrade
Specificities of the DEMONSTRATION
- You do not have to open of account at a broker. In the DEMONSTRATION, it is Zulutrade which manages all. More precisely, Zulutrade uses FXCM to simulate a standard account. The variations of quotations are thus those of FXCM. The lever used is of 200, that means that the achat/la sale of standard batch of 100.000 $ accounts for 500$ of your account DEMONSTRATION.
- There is a 2 hours deadline in the posting of the performances, of the openings and ends of positions in DEMONSTRATION. I make a point of reassuring you, in reality, it is obviously not the case! Zulutrade acts thus so that the positions taken in real-time by the suppliers of signals are not copied from real accounts apart from Zulutrade.
- You can open several DEMONSTRATION simultaneously.
- The DEMONSTRATION lasts 4 weeks. At the end of these 4 weeks, you can renew the experiment as much once than necessary.
Choice of the suppliers of signals (providers)
- To begin I invite you to select 5 to 10 suppliers of signals. Not more!
- To choose them, you have several methods, simplest being to choose the suppliers of the most followed signals (column many users of the Web page performances sorted in a decreasing way).
- If you wish to test others of them, you can visit the choice page of the suppliers of signals, you will find there information more precise on the choice of the providers. You can take my advice but I recommend to you to define your own method of selection.
Parameter settings
- Simultaneously limit the maximum number of batches (in bottom of the settings page) to 9 batches. Why 9 batches? If the suppliers of signals open simultaneously 9 batches, your capital of 50.000$ will be used to 4500$ (9 X.500 $), it will thus remain 45.500$ of margin either 4550 pips (1 pip = 10$ on a standard account) in all, or approximately 500 pips on average per open batch. This choice is safety. If you are ready to take more risk, you can increase 9 batches. Will know that to leave with 25 batches (default value) is a very strong risk. In 50% of the cases the margin cal is reached. Explanations: the 25 open batches account for 12.500$ of your capital, it remains to you 37.500$ either 3750 pips then, or 150 pips of protection by open batch and unfortunately this situation arrives sometimes.
- I recommend to you to limit to 3 or 4 maximum batches by experts. Indeed, the suppliers of signals do not have the same capital that you and can simultaneously open more positions. Moreover, if you select several suppliers of signals, it is not to follow only one of them!
- Personally I do not modify the other options: I leave 1 batch by trade by expert, not of constraint on the number of batches per pair of currencies, not of constraint of profit-takings, nor of stop of protection.
- Made well attention if you put a stop of protection at, for example, 200 pips. Analyze the history of the supplier of signals to measure the impact of this stop of protection. Certain suppliers of signals regularly have temporarily losing positions with more than 200 pips. To put a stop would strongly modify the performances of the supplier of signals. Made very attention!
Follow-up of the performances
- 24:00 after having parameterized your account, return on your Zulutrade account and analyze the first trades carried out (historical mitre), and the trades in progress (mitre positions).
- If your account remains blocked on 50000$, ensure to have to parameterize your account correctly to you. If you have difficulties, contact me or contact the support of Zulutrade directly.
- If your capital evolves/moves under the 50000$, it is important to lower the number of simultaneously open batches maximum in such way to limit your exposure. Access to the utility to parameterize the number of batches opened simultaneously. Conversely, if your capital evolves/moves with the top of 50000$ you can increase the number of max. batches.
- When you have one moment throw an eye on your account DEMONSTRATION to ensure you that all functions correctly. 1 time per day is largely sufficient.
Trader manually
- In the Trade mitre, you can click on a pair of currencies to open a trade. This part is reserved for accustomed forex.
- The manually open trades do not come not interfered the automatically last trades. It only remains you to enclose the trades when you wish it.
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