ZuluTrade Blog

Building confidence

New Features | Thursday, November 26, 2015 2:00 PM GMT

Evaluate your portfolio before going Live

One of the best ways to avoid risks is trying out a strategy that interests you in a Demo account, before going Live. Through practice you can make sure a strategy suits you, without having to risk any real funds. At the same time you can test all of ZuluTrade great features, available both in Demo and Live accounts!

As the use of Demo accounts is crucial, we have set them to have a rolling expiration date; each successful login will prolong your Demo account for an additional period of 15 days, so make sure to log in regularly and it will never expire!

Protect your account and stay informed at the same time

Speaking about great features, have you already tried the ZuluGuard Capital Protection? Here you can set the maximum amount of funds that you allow a Trader to risk and ZuluGuard will take action to protect your account when your setting is reached.

Moreover, you can choose to receive an email, even before the ZuluGuard is activated, so that you can better monitor your account or even change the ZuluGuard settings, as you believe best.

To do that, you can simply click a box, indicate a percentage and you are done!

Important Disclaimer: In volatile, or fast moving market conditions, ZuluGuard closing signals will be filled at the prevailing market price, which may be vastly different from the desired price. Due to this, there may be substantial losses, as ZuluGuard does not always guarantee the desired Protection

Avoid DrawDown

Another feature that both Demo and Live accounts can use is that of Offset Pips. Enabling the Offset Pips while following a Trader will allow a Follower to receive a pending order instead of a market trade. As Offset you may set either a negative or a positive value.

In most cases when a Trader opens a position, it is expected that the trade will reach certain DrawDown (low point) before it can make profit. So, by setting a Negative Offset value you can have a trade that opens after this low point, avoiding the initial DrawDown.

On the other hand, setting a Positive offset value would mean that your order may open only after a certain high point; does this mean you will miss some profit? The main idea of this setting is to help you completely avoid trades that start and remain in negative, without ever having any profit.

But what if the Trader places a pending order himself? In this case, the Follower will not receive any trades, unless the order is then executed in the Trader's own account and enters the market. If that happens, the Follower will receive a pending order and, as per the standard procedure, the entry rate of the order will be the market price set by the Trader plus/ minus the Offset pips value set by the Follower.

In volatile, or fast moving market conditions, Stop and Limit orders become market orders to be filled at the prevailing price, which may be vastly different from the desired price. Due to this, there may be substantial losses. Stop-loss or Limit orders do not always guarantee a fill.

This blog content is written for educational purposes and does not contain any investment advice.

Depending on your region some of the features presented in this blog may not be available

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Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

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