Revamp of the Leaderboard on Zulutrade (1)

During the last month of live testing, I found out that many systems on the Zulutrade are basically unsustainable and unrealistic, due to the fact that the margin level which imposed on a subscriber account is simply too high (even for a large account size) as a result of opening many trade positions by the same signal provider at any given time. The problem is exacerbated further when the account is in the drawdown mode.

Finally, Zulutrade has taken its step in correcting the situation:

Most forex sites that track systems performance will show you the best performing systems near the top. But usually this does not take into account how feasible this performance is in reality. For example, when a system opens more and more trades without first closing the previous ones, your account needs to have a lot of available margin (funds) to be able to open the new positions as they come.

But in reality, your account might be unable to open many positions at the same time due to margin requirements.

Our proprietary ZuluRank system takes this into consideration, together with many other factors like maturity (how long a system has been running for), exposure (how many positions might be open at the same time) and drawdown (how many ups and downs the system has experienced) in order to provide you with an easy way of viewing the systems that are good performers and feasible trading strategies.

The new leaderboard actually confirms my watchlist and top picks all this long. Coming soon, I will be concentrating my efforts on evaluating these new system performers.