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Signals Reviews

ZuluTrade's New Best Forex Trader: Breadman-09

The subject of today's review is Breadman-09, the new best Forex trader on social trading platform ZuluTrade. Although the picture accompanying the account shows a very young man, he has already managed to take the number one spot in the comprehensive ranking and to deliver some substantial profits to his growing number of followers. He is also the top Chinese trader, which means that he has managed to beat a number of very tough competitors. 

 

Strategy: Short-Term Trends

 
Breadman-09 trades with three of the most popular currency pairs: EUR/USD, GBP/USD and AUD/USD. He looks for short-term trends and opens positions in tune with the trend. The take-profit and stop-loss levels are rather tight, which is a good piece of news for those followers who shun aggressive trading strategies. The sole hiccup, as with any trend-following is the possibility of the trader to get mistaken about the trend: it may swiftly change direction or he may await for too long before closing the position. Well, that has happened to the top Chinese trader but only a couple of times.
 
On the downside, Breadman-09 once in a while gets carried away and keeps a large number of positions open simultaneously: this number has often reached 8. As a result, hefty drawdown may occur.
 
 

Performance: Very Good Profits

 
The signal provider has been active on ZuluTrade since March 7, 2013, which gives us an entire year of trading activity. After one year, the profit has reached massive 13,371 pips. Moreover, the profit curve shows a gradual rise.
 
Photo credit: ZuluTrade.
 
The maximum drawdown accompanying the profit at this point is 2,160 pips, which is unfortunately not a very good result, indicating some significant risks of losses. This reading is also reflected in the size of the initial investment necessary to copy the signals of this trader. It's rather lump for Breadman-09 at $396.
 
On the positive side, the trading system is very stable, as shown by the average pips per trade. We recommend any reading above 5 and the SP shows reading of 18. This means that the results will hardly be affected by sudden market swings, as well as spreads and slippage. That said, let's mention that the brokers with the lowest slippage for Breadman-09 are AAAfx, FXCM UK and GAIN UK. 
 
And now let's see whether copying the signals of this trader turned out to be profitable for his followers.
 
 

Winners and Losers

 
The number of live followers that the top Chinese trader currently has is not that high at 143. However, he is not yet very popular and probably will gain more fame and copiers in the future. And let's not forget the high initial investment requirement to copy the signals of this guy – not everyone is willing to risk such an amount of money. 
 
For the time being, Breadman-09 has made most of his followers happy: 62% of them are profitable, while only 15% are loss-making. In addition, the size of the biggest profit (at $1,863) is higher than that of the biggest loss (at $202). Apparently, the SP is doing rather well in delivering profits for his followers.
 
 

Verdict

 
Apart from the relatively big initial deposit required, all factors show that Breadman-09 is a profitable signal provider to follow. The gains are solid, the system is stable and the bulk of followers are satisfied. China rules again – well done!
 
 
 
Any opinions and statements in this article are strictly subjective and should not be treated as investment advice. Forexbrokerz.com and all of its authors are not affiliates of any of the discussed signal providers, expert advisors and their vendors.
TAGS: breadman-09  breadman-09 review  zulutrade  zulutrade forex  forex signals  automated forex trading  social forex trading  social platform  forex platforms  pips  drawdown  profit  china  forex trader  signal provider 
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