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Social Trading with ZuluTrade - again at a loss. Week # 5 [TEST]
Fifth week of testing ZuluTrade he ended up with a loss. This is the second week in a row that we are finishing in the red and this is also due to much earlier open positions. The new supplier became the undisputed winner Hidden Treasurewhich last week joined our group of investors. Sam earned USD 222,54 profit from 164 positions and thus minimized the loss before the end of the week for the second time.
ZULUTRADE: INTRODUCTION
How our suppliers played at ZuluTrade
All investors completed a total of 310 transactions, including 69 losses. Leader of the first ranking Legendary Traders jest again responsible for ending the week in minus. His positions, which were already opened more than two weeks earlier, generated a total loss of -674,88 USD. If not for the very effective game of the new trader (Hidden Treasure), then our balance would be lower than the initial one.
The currency pairs on which transactions were concluded last week are:
- EUR / USD
- GBP / CAD
- GBP / USD
- NZD / USD
- CAD / JPY
Invariably, the most traded pair remains EUR / USD - this week it was 43% of all closed positions.
Summary of the fifth week in numbers:
- The total loss is -546,07 USD,
- Profitable transactions 321,50 USD,
- Lossy transactions -867,57 USD,
- 67 positions remain open for a total loss -236,26 USD,
- 310 transactions were completed, including 69 minus.
Current account balance since the start of the test:
- Total profit 219,60 USDwhat gives + 4 % rate of return
- The sum of all losses -1290,57 USD,
- 824 closed positions - 953 profitable and 181 lossy,
- 34 active items with a balance sheet -236,26 USD.
Summation
Profits slowly evaporate and with + 20% return rate only + 4% left. We still have 67 open positions and the next week may look similar to the previous one. Part of the transaction may be closed in the red, and the new investor with his very good game may minimize losses. After another week, it may be time to decide to give up the current leader in the Legendary Traders ranking, which is mainly responsible for such a poor result in the recent period.
