Saved FX Pros:
- positive returns for 8 months
- no losing months to this date
- high followers feedback rating (87%)
Saved FX Cons:
- no fixed stop losses, sometimes losses are let run till in profit (drawdown may be high with 11 open trades)
- still limited history (only 30 weeks)
Review Summary:
Their equity chart is growing nicely, but this is due to the fact that stop losses are not specified and provider let losing trades run till they turn to positive. Also this can be risky as he opens up to 11 positions.
We still do remember Forex Cruise Control.
Saved FX trade almost exclusively the major EURUSD and GBPUSD pairs. Trades are in average open 1 day and average profit is 16 pips which is very nice.
The winning trades ratio for Saved FX is 97%, which is very high, so we might be a little worry as the maximum historical drawdown is 1,430 pips, with single trade maximum drawdown being -242 pips. Compared to monthly profits it seems to be acceptable for many people, but possible drawdown could be much higher.
Sometimes Saved FX closes losing positions before end of the month to secure his commissions, so it might be a good idea to join him at the beginning of the month to secure the most of profits.
Also note that Saved FX is the same person as Russian based ZuluTrade SP, namely Kama-spot . He is sending similar signals for both signal providers accounts, so bear in mind that you would double your risk if you join both of them.
Please note that this ZuluTrade trader review is included here for information purpose only and does not constitute advice. Trading in leveraged FX product is highly risky and always consult an independent financial advisor if you’re unsure whether trading on ZuluTrade is right for you.
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