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Signals Reviews

Egypt's Best Forex Trader on ZuluTrade: Express 5

Today we'll have a look at Express 5, the best ZuluTrade's signal provider from the country that was the home of Cleopatra and that has fascinated mankind for centuries with its pyramids. After 25 weeks of activity on ZuluTrade, Express 5 has managed to entice 1354 followers who have entrusted him $1,118,341 – a very strong result. Given the system's robust performance and the substantial amount of capital attracted, there's no surprise that Express 5 has been hovering around the highest positions on ZuluTrade's ranking lately – this SP is currently at the fourth position in the comprehensive chart.
 
 

Strategy: Building Pyramids of Trades

 
Express 5 trades with several currency pairs with the Japanese yen, but most of the trading is done with GBP/JPY and EUR/JPY during the Asian session. The trader opens several positions according to a trend, often around major news releases, and then awaits until the take-profit/stop-loss levels are hit. 
 
We have two problems here. The first is that the number of positions held open simultaneously is quite high – it reaches 17 once in a while. The second problem is that I doubt that there is a stop-loss level at all. The trader simply waits until some profit is generated and keeps the positions open until then. These two factors mean that the drawdown may reach substantial levels, although the rate of profitable trades will be strong (it's currently at 99%).
 
This is why this SP requires some significant amount of money – a minimum of $573, to follow.
 
 

Performance

 
Since April 19, 2013, the account of Express 5 has accumulated a profit of 21,834 pips, a very nice result, which, however, comes along with a maximum drawdown of 3,980 pips. The latter is not a high level when the profit has reached such a level, but it could be a trouble for someone who has just started to follow this SP.
 
Photo credit: ZuluTrade.
 
You can see the periods of drawdown which are related to the moments when many positions were held open while waiting for the trend to turn into a favourable direction and lead to a profit. 
 
A very good piece of news is that the average pips per trade are at 32, which defines the system as resilient to market swings and broker specificities like spreads and slippage. But if you're looking for the broker offering the lowest slippage for Express 5, consider Dukascopy, AAAFX and HotForex.
 
 
 

Winners and Losers

 
It's time to check out now whether following Express 5 brought any gains to anyone. Out of this SP's 424 live followers, 279 (66%) made profits while only 42 suffered losses. If we consider that the size of the biggest profit ($2,845) markedly surpasses the size of the biggest loss ($576), we can conclude that copying the signals of this SP can bring some great results.
 
 

Verdict

 
Express 5 is a very profitable trading system, worth of your attention. Have in mind, however, the drawdown levels which require some substantial investments to keep your account afloat.  
 
Actually, Express 5 made me think of a story about the emergence of the word “pyramid” - it comes from an ancient Greek word for “fire”. When the ancient Greeks looked towards the Egyptian coast, they could see several huge strange monuments shine in the sun – they were so attractive.  And this SP is also attractive to followers.
TAGS: zulutrade  zulutrade express 5  express5  express 5 review  zulutrade forex  zulutrade platform. forex social trading  best forex trader egypt  egypt forex  eurjpy  drawdown  profits  forex signals 
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