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Swing Forex Trading Strategy Review (august 2013)

swing-forex-trading-zulutradeDefinition of ‘Swing Forex Trading’

A style of trading that attempts to capture forex gains within one to four days. Swing traders use technical analysis to look for pairs with short-term price momentum. These traders aren’t interested in the fundamentals, but rather in price trends and patterns.

Now let´s take a look if Zulutrade signal provider with nickname Swing Forex Trading performs in the line with above definition.
(For those who don´t know what Zulutrade is: It is a social investing network , like eToro, where you can autocopy successful forex traders)

This trader has managed to earn 2,533 pips in 11 weeks. Sounds very good. Monthly earnings are somewhere around 700 pips.  His maximum stop loss was -200 pips. Altough he promised in his strategy description that max. number of open trades would be 3, he already had 5 open trades. Let´s look at some averages. First one is average profit that is at 13 pips. Same number (13) is also valid for average trade time. It is currently 13 hours. Total trades executed up to date is 200 and 160 (80%) were green (profitable).

How about followers?

Well, “swing forex trading” is still very “young” signal provider, but he already reached #56 in Zulu ranking. That is why he has accrued 38 followers with total amount following him of $87,000. There is no doubt that if he continues this way he can climb even higher in ranking and attract way more copiers.

How about risk?

This british signal providers seems to employ a very good risk management. His best trade is bigger than the worse one. Maximum drawdown so far stands at 10% of current equity (259 pips) . That is less than half of monthly profits which is reasonable.
If you consider following and copying Swing Forex Trading, set your lot size according to Zulutrade´s NME indicator and allocate at least $112 per each microlot.

Remember that past performance is no guarantee of future profits. Do not invest any money you cannot afford to lose.

Happy trading and enjoy the life.

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