Zulutrade User Guide

GUIDE BELOW IS TAKEN FROM ZULUTRADE'S WEBSITE:

1. Opening a Live account with ZuluTrade

To open an account with our revolutionary trading platform at ZuluTrade. Please visit our homepage at http://pinoyfx.zulutrade.com, select 'open live account' at the top of the page. From there fill in the requested information, and shortly there after, your account will be funded and you can receive our free signals for your auto trade. The minimum account deposit for a Mini account required by our brokerage firms is: $300. However we do recommend that you fund your Mini account with no less than $500. If you wish to open a standard account, we do recommend that you fund it with $15,000. Furthermore we offer AUD, EUR, GBP and JPY mini accounts.

2. Setting up your account with your Broker

When you select to open a live account through our website http://pinoyfx.zulutrade.com, you will be prompted with many questions and requests by the brokerage firms we are compatible with. They require you to send them a valid form of ID, and a proof of residency. Furthermore you will also have to fill out and complete an LOD (letter of direction) form. The setup process if everything is submitted correctly and filled out properly, generally takes in the realm of 2 to 3 business days. Immediately after your account is fully setup and funded through your broker (doing all of this through our website) we will then automatically send you your login details to be able to log into your account, and begin auto trading with our revolutionary platform.

3. Selecting Signal Providers to autotrade your account

While logged into your account, under your account settings tab at the bottom left hand corner you will notice a selection tilted ‘Add a provider’. By selecting this you will bring up our vast selection of signal providers. You may select any provider at any time to auto trade your account and there is no limit to how many providers you will use. Most providers have under their names in our performance page, a portfolio that describes a bit about their strategy.

Furthermore in your account settings you will notice a bar called ‘systems’ where as with no providers selected it remains clear. However the more providers you add, or depending on your account settings and present equity in your account it moves from green to red, and tends to display the message “you have too many providers selected for your account”. No matter which provider or how many you select, they will always trade your account even if our system indicates that you have selected too many. This is simply a precautionary measure that we take, to inform our clients about their exposure. (is based on the clients total equity or account balance, and also relates to how many lots the selected signal provider typically opens at any one time).

4. Managing your account

The client has full control over his/her account in the way each selected provider will trade it. After you have selected a given provider to auto trade your account, you can manage this provider by doing the following. Increasing or Decreasing the number of Max Open Lots so either the provider can open several trades at once, or just a few, or even just 1 at a time. Increasing or Decreasing the number of Max Lots per provider, this controls how many lots each individual provider can open in your account at any one time. You can also change the number of lots per trade each provider will trade with, this will increase the spread and volatility of the trade. We recommend that you setup your account based on the equity you have, and the risk that you are willing to take to earn your desired ROI. We do have a very vast selection of signal providers to choose from, and we recommend opening at least one demo account and testing several of them to get comfortable with one, or a few, before opening a live account.

5. What do the settings in your account mean, and how to use them

Most of the changes you as a client can make, remain under your account settings tab while logged into your account, while others can be changed in your open positions, pending orders and when you first select a provider to auto trade your account. Lets first start with every function and how to use it under your account settings tab.

A. Max Open Lots

This setting pertains to the total number of lots that can be opened and/or pending at any one time in your account. This is a drop down menu selection that ranges from 1 to 500 with different incriminations along the way, and also has a no limit setting at the end. So lets say you have 2 providers selected and you have your max open lots setting set to 5. 1 provider has 2 trades open, and one pending order, thus totaling 3 lots. While the other provider has 2 trades open thus totaling 5 lots all together, and equaling your max open lots setting of 5. No more trades can be either executed in your account or placed under your pending orders tab. So if you notice that one of your selected providers has opened another trade under his/her trade history, on our performance section of our homepage, but that trade never hits your account, this is because it would have exceeded your max open lots setting, and that is not allowed.

B. Lots Per Provider

Next to each provider you will notice a drop down selection titled ‘Lots’. This selection pertains to the total number of lots that will be traded for each individual trade by that provider. This selection ranges from 1 to 50 with different incriminations along the way. Relating back to the previous example of having 5 max open lots, where as a provider opens 2 trades and equals 2 lots, this is if your lots per provider is set to 1. If it were set to 2, then those 2 trades would equal 4 lots, thus only leaving room for one more lot to be able to open in your account.

C. Stop/Start button

This pertains to either deactivating your account, or activating your account depending on whether the button is either currently displaying a red stop or a green start indication. You can select either one at any time to either stop or start receiving trades in your account. When you first open your account, the button will already be active and ready to begin receiving trades. By selecting to stop your trading activity, no trades will be able to be placed in your account.

D. Max Lots

You will find this setting next to each providers name, this pertains to the max open lots that a single provider can place in your account. So lets say you have 10 max open lots, with 2 providers selected with one lot per trade, and 5 lots for max lots, then each provider can only have 5 lots open each at one time, thus possibly filling up the 10 max open lots for your account selection.

E. Configure

This setting can be found next to each provider further to the right. By selecting this you will be taken to a new page where all possible currency pairs are displayed. The current setting for all the pairs will initially be 1 lot per each pair. However you may change this setting, so you can have as many lots as you wish per each different currency pair to be traded by a signal provider.

F. Reverse

This is a checkbox next to each provider’s name that you have selected in your account. It is a fact that some providers don't send good advice. Even more, their market predictions are so wrong that it can be profitable to do the opposite of what they suggest. So when they say buy you actually sell, and vice versa. When reversed, some of the worst providers outperform even the best ones. Toggle the reverse checkbox and see for yourself how profitable some providers can be.

G. Limit and Stop

These settings can also be found next to each provider you have selected in your account. Limit is a setting that if put in place by the client or a provider it will close the trade at a given profit. Stop is a setting that if put in place by the client or a provider it will close the trade at a given loss.

H. Remove

You will notice this selection at the far right of every signal provider's name that you have selected in your account. By simply selecting this option you will remove this provider from autotrading your account, however, any remaining open trades or pending orders that the provider has placed in your account will remain there, even after you remove this provider. You can close them manually anytime you wish.

6. Open Positions

This is where executed signals that providers place in your account will show. Here you can see what your current earnings or losses are at the moment. Each trade that is open under your open positions tab, you can change certain values of that trade if you wish. By clicking on the current ‘stop’ value of the trade, this will bring up a popup window where you change this value if you wish, you can do the same for ‘limit’ as well. Furthermore to the far right of the trade you will see a selection titled ‘close’ by selecting this you will then be prompted with a ‘sure’ selection, after this has been chosen, the trade will then close and no longer appear in your open positions tab. Take into consideration that sometimes there is a brief delay in the closing of trades. Once you close the trade it will immediately close; however it can sometimes appear to be still open under your open positions tab. Try refreshing the page as this helps to depict the current status more accurately.

7. Pending Orders

Under this tab you will find all pending orders placed by your signal providers. These are trades that have been assigned different market values of the current market value of the given pair, thus they will not open in your open positions tab until that value is reached. Here you can make the exact same changes that we discussed in the previous chapter ‘Open Positions’, with stop, limit, and closing the trade. However you can also change the value of the ‘open price’, where as this is what price the trade will execute.

8. Trade History

Here you will find a history with all the trades that have opened and closed in your account. You will also have a graph and a few filters to represent the data as you see fit. You can click on the ‘date open’ of each trade to generate a pop up window showing you a graph with the high and low reached of that trade, also it will show if the trade was opened at market price, or if it was a pending order, the reason for the trade being closed i.e. via a signal from a provider, or a manual close by the client. Also in your trade history you will notice a filter selection where as you can filter the graph and data below to represent all signal providers, or one at a time, thus the same goes for currency pairs, and furthermore you can change what dates you wish the history to represent.

9. Create a Trade

Here the client can place manual trades as he/she sees fit. You will notice all the currency pairs, a buy and sell column and a constant green and red color-flashing price upwards or downwards. If you wish to place a manual trade, simply click on either buy or sell for a given pair and a popup window will appear. This window will consist of the current market price and a limit and stop setting. You may change the current market price by deselecting the ‘market’ box, thus enabling you to place a different market price, which in turn will create a pending order. You may also place stops and limits through this popup window as well. Once you have entered the information you wish, simply click on OK and the trade will be placed either in your open positions, or pending orders.

Posted in: Zulutrade User Guide