TheFXWarrior
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Zulu trade's faulty backtest.
Hello Bravewildheart
saw your post
I was wondering if anything had changed ?
did you receive any more comunication from "Zulutrade"
I was wondering about your background
and how you got into trading
Are you still trading ?
did you look for a different forex broker ?
Im going to open up a Zulu Demo and run some test also
The FX Warrior
Hello Bravewildheart
saw your post
I was wondering if anything had changed ?
did you receive any more comunication from "Zulutrade"
I was wondering about your background
and how you got into trading
Are you still trading ?
did you look for a different forex broker ?
Im going to open up a Zulu Demo and run some test also
The FX Warrior
I lost almost $2000 on my 2 accounts due to Zulu trade's faulty backtest.
A warning for all Zulutraders.
1. Please take note that the backtest is only useful to determine the estimated profit that could have materialised in the past, with the maximum open trades and maximum open lots followed by the Signal Provider, without taking into account any stop losses or stop limits.
2. The backtest does not take your own maximum open trade settings, maximum open lot settings and stop losses or stop limits into consideration. When you change these settings, the backtest remains the same. The only factor which influences the backtest graph is your own ‘lots multiplier’ setting.
3. Do not, however, measure the Max DD on the DD graph and adjust your lot multiplier accordingly, as you will receive a Margin Call sooner than expected. The real DD is, in some cases, up to 10 times more than the Max DD displayed on the backtest graph.
4. The drawdown graph on the backtest only displays the max DD of a trade on the day that the trade closed, not on the day that it happened. It is totally skewed. You can do your own comparison by comparing a SP’s backtest with the SP’s drawdown graph on the SP performance page.
I have written numerous e-mails to George at Zulutrade with no resolution or results.
Everyone that is currently doing the backtest is getting scammed.
Check attachments for more info.