Zulutrade - autotrading forex with signals

From the risk management point of view related to my approach, which is - never lose more than 12 (well, let's make it 13 accounting for some slippage) pips per trade, sane leverage would be in the range of 10:1-20:1 what would make the risk per trade approximately 1.5-2.5%.

So if we take $2K as an example, that's 40,000 trading size roughly (or 4 mini-lots) in the case of aggressive approach and 20,000 in the case of conservative trading with risk per trade a little bit over 1%.

These are general recommendations for those who already are confident in the method itself and is aware of typical ups and downs in equity curve.
 
Quote from HurricaneUS:

that's a pretty stupid question...don't you think so?


Cornix is not responsible for your account...you are :confused:
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i did not mean it like that, more along like general guides...like he might be hedging positions that for example i might loose if i follow with less trades...or placing a lower custom stop/loss or stuff like this....
 
Quote from MillieJ:

i did not mean it like that, more along like general guides...like he might be hedging positions that for example i might loose if i follow with less trades...or placing a lower custom stop/loss or stuff like this....
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Nope, no hedging (I talked a lot about how many fall prey to this "hedging" term applied to forex markets in "TA Junk Science" thread recently) and no stop-loss tweaks.

Plain and simple, either I make some pips or lose no more than 12 pips. :)
 
Yes here is a small question.
I have a demo account and reduced my bets to micro lots. They don't seem to get filled. Are they too small , I started with 5 but now have moved up in steps of 10 to 70. Perhaps the smallest is mini lots - like 1 ?

What would you recommend ? Big enough to get filled but small to conserve cash.

How many micro lots in a mini lot ? Is it 100
 
Quote from Humpy:

Yes here is a small question.
I have a demo account and reduced my bets to micro lots. They don't seem to get filled. Are they too small , I started with 5 but now have moved up in steps of 10 to 70. Perhaps the smallest is mini lots - like 1 ?

What would you recommend ? Big enough to get filled but small to conserve cash.

How many micro lots in a mini lot ? Is it 100
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I contacted zulu live and the only point " Jorge " felt he could answer was - there are 10 micro lots in 1 mini lot. Not very helpful imho
 
Quote from Humpy:

I contacted zulu live and the only point " Jorge " felt he could answer was - there are 10 micro lots in 1 mini lot. Not very helpful imho
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AFAIK, Zulutrade itself allows at least 0.1 lot (1 mini-lot, 10K notional value). Probably less too, you should check with your broker as for minimal trade allowed).
 
he is not there yet but for sure should keep in mind the brokers lots and currency coverage.
btw, which SPs and how are you following?
most prob you did not get filled as you said due to the fact that the traders you follow simply didnt trade..:confused:
 
Quote from MillieJ:

he is not there yet but for sure should keep in mind the brokers lots and currency coverage.
btw, which SPs and how are you following?
most prob you did not get filled as you said due to the fact that the traders you follow simply didnt trade..:confused:
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yes there is that possibility but unlikely. I did get notices from zulu that the lot size was too small to be filled. That was 5 micro lots.
 
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