Good day forex traders.
Welcome to another weekly update of my ZuluTrade forex signal provider live test.
In the previous progress review, we noted that the account had turned positive. A gain of 228.7 pips was clocked and things were looking good.
Looking at the profit chart above in terms of pips, we observe that the account had suffered a big setback. Folks who were following our previous post and subscribed to our mailing list would have been notified of the removal of crouchpips2 earlier this week did to an adverse performance drop. Indeed so as a major chuck of the loss above were clocked by that signal provider. It was so bad that it warranted an immediate removal.
crouchpips2 apparently had a 100 pips stop loss strategy and only a few of it is enough to wipe out days of profit. The recent volatility of the markets made things worst. I personally concluded that this signal provider is not an “all weather” choice. Furthermore i observed that the short running weeks ( 23 weeks ) probably did not allow me to detect this earlier.
Having said so, despite the losses i remain optimistic with my remaining signal providers Triple X and Forex Cruise Control as they remain well in profit in my trade history log. Remember to only risk money you can afford to lose as this is only meant to be a supplementary means of gaining pips from our forex trading.
Stay tuned and trade safely!
You can read our initial Unbiased Review of ZuluTrade here.
( Warning. Only trade with money you can afford to lose. You are responsible for your money! )