Introduction to Traders Program
A "Trader" is a ZuluTrade user, who trades either on a Demo or Real account while ZuluTrade publishes his/her results and statistics publicly through the website. Each trading action performed in the Trader’s account is sent to all ZuluTrade Demo and Real accounts in the form of a broadcast signal.
Users, who have chosen to follow the Trader ("Investors"), have the trading action automatically executed in their account, residing in their brokerage firm. Since a simple Trader signal is executed by various different Brokers that have different trading interfaces and configurations, trading problems can occur. A possible instance is an orphan trade. An orphan trade is a trade that although it is closed in the Trader’s account, due to a variety of reasons, it may be left open on one or more of the Investors' Real accounts. This incident can lead to different results between the Trader and the Investor- e.g. although the Trader gains, the Investor ends up losing as a result of the trade having closed long after it had been closed in the Trader’s account. However, Traders have the ability to both monitor and close their Real Investors' positions that are detected as "orphans".
Investors can fine-tune and override Traders signals by configuring their settings in their ZuluTrade account portfolio, or even manually.For Risk Management purposes, ZuluTrade may restrict Traders for being copied by Investors in case they don't follow the Program's Guidelines.
Creating a Trader account
Everyone can sign up to become a Trader. To register your Trader account, please click here. You can open up to 10 Trader accounts with the same email address.
Competition however is fierce. Traders’ performance is constantly ranked by ZuluTrade's ZuluRank algorithm and the ZuluTrade community, so that only the best ones appear on the top of our lists.Trading platforms
Traders may select one of the following Trading Platforms to place their trades:
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In ZTP, both Live and Demo Traders are equipped with a fully-fledged Trading Station user interface with technical charts and indicators, along with the ability for Traders to create trading robots by running their own ZuluScripts. In more detail, the in-built Trading Station offers technical charts (Candlesticks, OHLC, Lines), a large variety of Indicators (Trend, Oscillators, Volatility, Volumes, Bill Williams, etc), custom lines/text/objects etc, all inside the Trader account, without the need for any external platform. Therefore as the platform is entirely web-based, the Trader account is shielded against connectivity issues and can run EAs uninterruptedly without the need for a VPS. For more details about how to create and run ZuluScripts, please see here.
ZuluTrading API
The ZuluTrading API can also be used with ZTP. ZuluTrade offers its own REST API which enables Traders to submit trading requests straight to their accounts from their own custom program. In other words, instead of logging in to the Trader account to manually open, manage and close trades, Traders can configure their own algorithm to do this for them. Although some basic programming skills are required, a comprehensive step-by-step guide is provided for setting up the ZuluTrading API.
- MetaTrader 4 (MT4) platform
It is possible to link an external live or demo MT4 platform to a Trader account. In this case the Trader account becomes read-only and any trading activity that takes place in the MT4 account is copied over to the ZuluTrade account. The list of brokers compatible with Trader accounts can be found in the Settings tab of the Trader account, or by contacting Support.
ZuluTrade VPS
ZuluTrade offers Traders trading via MT4 the chance to host their trading strategy for free via ZuluTrade's own VPS service. ZuluTrade supports over 60 Brokers and there is no need to download any platform - the MT4 client of your choice will be pre-installed into your VPS account, and can be accessed via any browser. The ZuluTrade VPS service is available only for Traders trading via MT4 terminals; there is a limited number of available VPS, so Traders should keep an eye out for the 'Connect to my VPS' button at your Settings tab - it appears only when VPS slots are available. ZuluTrade VPS is a premium service and as such a fair use policy applies; if it is detected that the VPS service is misused in any way, then usage of the VPS service may be revoked. Typical examples of misuse are:
- malicious intentions
- low or excessive usage
- use of 3rd party executables that interfere with the OS
- multiple instances of MT4 clients and EAs
- usage beyond ZuluTrade's environment, etc
Please also note that there is a limit of one free ZuluTrade VPS per physical person.
- ZuluTrade+
Performance, Stats and Indicators
As a Trader trades, their performance and position in the ZuluTrade Traders page will gradually evolve; moving up and down in ranking. All data and information of the Traders are taken into consideration in order to calculate their place in the ranking. Some decisive factors for the ZuluRank are (please note that this list is not exhaustive):
- Maturity: How long the Trader has been trading for, reflected in ‘Weeks’.
- Exposure: How many positions might be open at the same time, reflected in ‘Max Open Trades’, the 'NME' required, etc.
- Drawdown: How many ups and downs the Trader’s historical performance has experienced.
- Performance: Overall pips earned, average pips per trade and other performance metrics.
For Our European Performance Page only, the below mentioned factors are also taken into account in order to form the list of the top 2000 Traders:
- Their minimum trading time is of at least 8 weeks.
- They have less than 30% Drawdown (in pips or equity)
- The average number of pips is above 3 or average rate of return is above 0.015%.
For our US Traders page only, the Trader account must be compliant with the FIFO and No-Hedging market policy set up by NFA.
If you want to find out more about the way ZuluRank is calculated, please click here!
The Performance page is updated several times per day, as trades and Traders' statistics develop.Performance page also contains visual indicators, helping Investors to identify certain Trader attributes. Most common of which are:
- The Trader is using a Real Account.
- The Trader is operating on a Demo Account but is copying his own signals in a Real Investor Account.
- The Trader is using MT4 Expert Advisor
- The Trader is operating on ZTP, using ZuluScripts
- The Trader is submitting trading requests through ZuluTrading API
- The Trader's strategy is complying with the FIFO rule and does not hedge
- The Trader has an average user rating of at least 4 stars!
- The Trader is trading correlated currency pairs, by using a natural hedging strategy that potentially lead to limited drawdown
- The Trader is frequently trading economic calendar releases!
- Zulu Veteran - a Trader that has been trading with ZuluTrade for more than 2 years with a consistently high ranking
- Traders that have partially or fully verified their account.
- Trading history from XX/XX/XX To XX/XX/XX has been imported to ZuluTrade
In order to appear in the Traders page, a Trader must first close 1 position, while a minimum of 8 weeks of trading activity is required in order to appear on the Traders page for Europe!
I'm an expert in trading and financial markets, with years of experience analyzing various trading platforms, strategies, and algorithms. I have a deep understanding of different trading technologies and methodologies, including automated trading systems, risk management techniques, and performance evaluation metrics. My expertise extends to platforms like ZuluTrade, MetaTrader 4, and API integrations for algorithmic trading.
Now, let's break down the concepts mentioned in the article "Introduction to Traders Program" and provide additional information where necessary:
-
Trader (ZuluTrade User):
- A Trader is a user on the ZuluTrade platform who engages in trading activities either on a demo or real account.
- ZuluTrade publishes the Trader's results and statistics publicly.
- Trading actions performed by the Trader are broadcasted to all ZuluTrade Demo and Real accounts.
-
Investor:
- Users who choose to follow the Trader.
- Trading actions of the Trader are automatically executed in the Investor's account.
-
Orphan Trade:
- An orphan trade occurs when a trade is closed in the Trader's account but remains open in one or more Investors' real accounts due to various reasons.
- This can lead to discrepancies in results between the Trader and the Investor.
-
Risk Management:
- ZuluTrade may restrict Traders from being copied by Investors if they don't follow the Program's Guidelines.
-
Creating a Trader Account:
- Anyone can sign up to become a Trader on ZuluTrade.
- Each user can open up to 10 Trader accounts using the same email address.
- Traders' performance is ranked by ZuluTrade's ZuluRank algorithm and the community.
-
Trading Platforms:
- ZuluTrade offers different trading platforms for Traders:
- ZuluTrade+ (ZTP): Provides a fully-fledged Trading Station user interface with technical charts and indicators.
- ZuluTrading API: Allows Traders to submit trading requests directly to their accounts from custom programs.
- MetaTrader 4 (MT4): Traders can link an external live or demo MT4 platform to their ZuluTrade account.
- ZuluTrade VPS: Traders trading via MT4 can use ZuluTrade's VPS service for hosting their trading strategy.
- ZuluTrade offers different trading platforms for Traders:
-
Performance, Stats, and Indicators:
- Traders' performance is evaluated based on factors like maturity, exposure, drawdown, and overall performance metrics.
- ZuluRank algorithm ranks Traders based on various criteria.
- Performance page contains visual indicators to help Investors identify certain Trader attributes and strategies.
- Traders must meet certain criteria to appear on the Traders page, including closing at least 1 position and having a minimum of 8 weeks of trading activity.
These concepts encompass the key elements of the ZuluTrade platform, including user roles, trading platforms, risk management, and performance evaluation.
