Zulutrade combined top 5 traders - The Equity line
In the home page of Zulutrade, on the lower right, next to “Performance” and “TradeWall”, we can find an orange chart, a little bit special.
It’s the Zulutrade’s “Top Traders” chart.
As the caption says, this equity line aims to show us the “Combined top 5 trader’s performance”.
At this moment, the figures are approximately 316,660.00 usd, or 31,778 pips, a very huge amount.
The reference period is not stated, but if we scroll over on the chart with the mouse, we can see that the beginning of the equity is exactly a year ago.
So, does that mean that if a year ago I would have started to follow the top 5 Signal Providers in the Zulutrade ranking, assigning to each one a standard lot, now I would earn something about 31,800 pips, or 316,000.00 usd?
Does it really mean that?
Some time ago we wondered that too, because at first glance this announcement might seems fantastic.
But we also know that when things seem to easy, then it’s time to begin having some suspects.
We deeply experienced the true and big potential of Zulutrade but, in my opinion, charts or strategy like this “Top Traders” are things that create misconceptions and false expectations about this company and Mirror Trading in general.
Nevertheless, as we always do, we organized for making a serious test of this kind of strategy. We took two of our demo accounts and we used them for experimenting on this Top Trader’s equity.
We made this test for almost 1 year, then we made our conclusions.
Read how it went in this great article.
Bye.
See you in the next pill.
Filippo