de | cn | ru

Signals Reviews

Best Swiss Forex Trader on ZuluTrade: OmahaFX

Today we'll have a look at the country with the most accurate watches, the tastiest milk chocolate and the purple cows (ok, I'm joking about that one): we'll have a look at the best signal provider from Switzerland on ZuluTrade. After 78 weeks of trading OmahaFX has attracted funds of $119,882 from as many as 50 followers. Thanks to the combined result of this capitalization and the solid performance, OmahaFX is currently at the top of the Swiss chart of SPs, and at the 50th place in the comprehensive ranking.



OmahaFX is trading only with the EUR/CHF pair, trying to make the most use of trends – he opens the positions in accordance with the trend and then awaits until a preset take-profit level is hit. A potential problem with this strategy is the quick reversal of trends – even the smartest trend-follower can be affected by this. Then, there is the trouble of too many positions being kept open simultaneously – the number is usually around four but may reach as many as 25. One more trouble is the duration of trades: the average one lasts 2 weeks. Although this may be a sign of a trader's patience and steady nerve, this is also a pointer to high drawdown.

Performance: Very Stable System

The profit is at 5,973 pips, which is not a stunning result after 78 weeks of trading (that's like a year and a half), but the profit curve shows no steep dips and instead displays several periods of very sharp rises in profits.
Photo credit: ZuluTrade.
The maximum drawdown accompanying this profit is nicely low at 1,090 pips, but bear in mind that the drawdown may increase while the positions are kept open. For example, at the moment there are  four open trades with their balance negative at -163 pips. Imagine the size of drawdown if there are 25 such problematic open positions. Still, we should not speculate too much about possibilities: we'd better stick with the actual data.
The average pips per trade are rather high at 17, pointing to a stable system, set to withstand periods of rapid and sudden swings in the market environment. Moreover, the result shows that the system is not broker sensitive and that it will not allow profits to be eaten by spreads and slippage.  Talking of slippage, for this SP it's lowest with Weltrade, HotForex and AAAFX.
To copy the signals of OmahaFX you need to make an initial investment of at least $433, which is not a small sum. The size can be partially attributed to the drawdown that is sometimes accumulated while waiting for the closure of some positions.

Winners and Losers

Out of Omahafx's 31 live followers, 13 (or 58%) made profits, while 9 suffered losses. The troublesome fact is not only that the percentage of profitable traders is nearly equal to those who incurred losses, but also that the size of the biggest loss ($473) is way bigger than the size of the biggest profit ($137). On the brighter side, let's note that OmahaFX enjoys a great percentage of live followers – 62%, which says that traders put their trust in this SP.


This SP is an interesting catch for those traders who prefer some old-fashioned trend-following, but in a bit more aggressive version. And, of course, you'll need some substantial funds to invest in OmahaFX. On a more positive side, the system is rather stable, not allowing any sudden market twists to ruin your account.
TAGS: zulutrade  zulutrade forex platform  zulutrade omahafx  omahafx  omahafx swiss  best sp switzerland  forex trader  forex sp  forex signals  forex social trading  trends  pips  drawdown 

Related forex news

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

More Forex Signals Reviews

Is copy-trading the best way to trade forex?

Nov 16 2017 15:58:37

Trading forex is no longer solely the domain of sharply dressed men on bustling trading floors. Read more

HighLow Binary Options Robot Review - is it scam or safe binary robot?

Aug 28 2017 10:57:00

 We would like to introduce you to the HighLow Binary Options robot. The system is fairly popular, mostly because it is designed to work with a famous broker – ASIC-regulated HighLow. You can read our full review of this broker here. Read more

SignalSamurai Review – is it scam or safe binary options robot?

Aug 24 2017 13:02:17

SignalSamurai is a binary options system, which claims to make money for the people who follow its signals. It comes absolutely free of charge, which immediately sounds fishy. In this review will give our honest assessment of the system. Read more

CopyFX changes minimum deposit requirement for forex trading accounts

Nov 25 2015 13:22:14

The amount of minimum deposit required by users of CopyFX, the social trading service of forex broker RoboForex, has been changed for traders who create offers and investors who subscribe to them, CopyFX said on Tuesday. The changes have taken effect as of 24 November. Read more

KGI Fraser launches ayondo's social trading platform in Singapore

Nov 06 2015 08:26:30

Taiwanese-owned brokerage KGI Fraser Securities has launched  in Singapore a new product, KGI Contrax, which uses ayondo’s white-label trading platform TradeHub, ayondo said on Thursday. KGI is ayondo’s first client in Singapore. Read more

Social trading network CopyFX no longer offers cent accounts to traders

Nov 05 2015 14:28:17

Cyprus-based forex broker RoboForex has made significant changes to the conditions of the CopyFX system it operates, the company announced earlier this week. The CopyFX system, which is available to both investors and traders, has stopped offering cent accounts to traders. Read more

eToro: High risk traders are no longer available for copying

Jun 26 2015 13:52:11

eToro, the world's largest social investment network, has announced significant steps in its efforts to lower risks by encouraging sustainable and responsible trading across its members and promoting consistent long term profits. Read more

Social trading network Ayondo raises CHF 6 million in funding

Apr 28 2015 22:33:03

In the course of its international expansion plans, with a focus on Asia the ayondo group announced today that it has received an additional CHF 6 million in funding from its existing shareholder base, led by Singapore-based Private Equity group Luminor Capital. Read more

SpotOption partners with Zulutrade to provide binary option signals

Dec 13 2014 12:29:15

SpotOption, the world's largest binary options platform provider, announces the embarking of the well-awaited for signals project through their exclusive partnership with copy-trading website ZuluTrade. Read more

Social trading network CopyFX now available in 12 languages

Oct 06 2014 16:00:56

At the beginning of the year RoboForex, an innovative forex broker requlated in New Zealand and Cyprus, announced the lauch of CopyFX, its social trading network. At first the network was available only in Russian, but as of last week it has expanded its geographic footprint and now copyfx. Read more

de | cn | ru