The ZuluTrade Settings section

zulutrade account setting section


The “Settings” tab is for sure the most important “My Account” section, since that is where you’ll have to work to set your strategy and your portfolio.



The ZuluTrade platform is not the same all over the world. For customers in Europe it is different, according to new MiFID II legislation on Copy Trading. This course was written using the universal one, the Non-European platform, with all the functions active and available. If you are an European user, please read the change of ZuluTrade after MiFID II to discover all the peculiarities of the European platform.


The first thing to do is go down here and make sure you’re on “more” instead of “less”. This way you have access to the full available settings.

Every Signal Provider has a specific box. At the bottom you’ll find a series of performance data of the trader. We will cover them in detail in later chapters.


advanced settings zulutrade


Signal Provider’s SETTING


Moving instead on the setting’s line:

– first you have the Zuluguard shield, an interesting automatic defense which we will see in later chapters along with other interesting tools;

– beside you can find the choice on the calculation method, if Fixed or with the new proportional method for the replication of signals, appropriately called Pro-Rata, one of the latest feature of this company. Although this course is developed on the Fixed method which is running from the beginning, we wrote a whole post on our blog about the ZuluTrade Pro-Rata calculation.

– then there’s the box Lots / Pro-Rata % to enter the Lot Size you want to assign to that Signal Provider in case of Fixed method, or the percentage in case of Pro-Rata method;

– next you can find the Max Open Trades, where you can set the maximum number of trades open at the same time that the Signal Provider is authorized to maintain;

– in Max Open Lots instead you can give a different kind of limit to the Signal Provider, that is you can restrict the opening of new operations at the achievement of a maximum total lot size level. If you’ve set 1 lot of Max Open Lot and you have assigned to that trader a 0.2 of lot size per transaction, you can replicate only 5 transactions opened at the same time. If the Signal Provider should open a sixth, the latter won’t be replicate in your account, because it would form a total lot size of 1.2 lots, while your maximum, as set, was only 1;


zulutrade signal provider settings


– Let’s move on to two interesting boxes, Limit and Stop. With these two boxes you can intervene aggressively to modify the replication of the Signal Provider’s trades on your account. By setting a value in the limit box, such as 30, ZuluTrade every time will use that level to decide when to close a trade in profit, despite what the Signal Provider will do or decide. Each of his trades will be closed to the achievement of 30 pips. Same thing for the stop. Regardless of what the Trader will do and the stop levels he will use, the replicated trade of that Signal Provider will be stopped at the amount of pips lost in the settings shown here.

– In both the box there is a “key” symbol. It’s the symbol of the Safe function.

The Safe function is certainly one of the most successful security features in ZuluTrade. Enabling the Safe function, ZuluTrade will consider and compare from time to time the safest value between that one set by Signal Provider and that one set instead by you here in this “My Account” setting section. For example, if I set a stop at -30 pips with the Safe function, and the Signal Provider decides to close the trade at -20, ZuluTrade will use the trader’s stop level, that is -20, because it’s more safe. If instea the trader wants to close the trade at -50, ZuluTrade will use my stop level of -30, because is safer than -50. The same applies to the Safe Limit. The closest level of limit, and therefore more accessible and safer, will be used by ZuluTrade to close the trade, excluding time to time the farther level, thus more at risk of not being achieved.

The small “Wheel” in the Stop column represents instead the Trailing Stop function, one of the latest additions in the ZuluTrade platform. Being a tool with which you can intervene heavily on the Signal Provider performance, we decided to treat it in the next chapter, together with another one you can find right next to it. We are talking about Offset pips.

Both these tools allow the investors to drastically change the strategy of a Signal Provider, and it’s important that you are well aware of what you’re doing, and if you should do it or not. Therefore, the discussions around Trailing Stop, Offset pips and Zuluguard will be in coming lessons, where we will treat all these special additional management tools made ​​by ZuluTrade in recent years.

– Further to the right you can find a padlock. This has the same function of the padlock seen in Positions Tab, except that this time you will block all the trades that will come. ZuluTrade will do replicate all trades opened by the Signal Provider, but then it will block them and prevent the replication of any other action, such as the closure. This means that the trade will remain open until you close it manually (which is something like being a Retail Trader, with all the relative risks).

– The “clock” icon instead allows you to mark the time periods when you don’t want ZuluTrade to replicate the operations of that particular Signal Provider. Let’s say you don’t want to replicate operations at night, you just have to exclude the night using the box in this pup up window.

– Finally, the “pencil” icon. By clicking this icon you will see a pop-up window where you can use all these options seen until now, but applying them to a specific currency pair used by the Signal Provider. If the trader works on EUR/USD and GBP/USD, and you put a Safe Stop at -50 only on GBP/USD, that value will be used exclusively for open trade on that pair.

– Here, however, there is also a new feature, accessible only from the custom settings for the currency pair. We talk about of Pips Spacing. As mentioned before for Trailing Stop and Offset Pips, also Pips Spacing is a function with which you can drastically change the operational style of a Signal Provider. For this reason, we will cover this topic in the next lesson.

– a brief mention should be made for the Reverse, the most funny feature of this “My Account” settings section. Since, as you will see, there are also really poor or improvised Signal Provider who lose a lot of pips, why not follow what they do, but on the contrary? The Reverse function allows just that. This option makes people smile, and I don’t deny that in some cases it may be a good bet, but you have to choose among Signal Providers who have performed well, and that, in principle, know what they do and are profitable for good reasons;


– At the end of the Signal Providers’ box you have two buttons, “Turn On / Off Trader (s)” and “Remove Trader“. You can select one or more Signal Providers using the box next to each photo. Then, if they are active, and you click Turn Off you will block those Signal Provider from sending new signals to your account, but you will keep them present in your portfolio. This means that open trade will remain so and you will be the one to manage them manually. A disabled trader is displayed in orange. If instead you want to eliminate all and no longer see him in your portfolio, just click on “Remove Trader”.


– Before moving on to the bottom of this page, let’s give an eye to the buttons just below the Signal Provider setting box. The settings you will edit are not automatically saved, but you have to do it manually by clicking the “Save trader settings” button. You don’t want to work for several minutes and then maybe lose everything because you closed the page without saving.


save zulutrade setting


– “Follow Traders” sends us to the Signal Providers’ ranking page that we will see, while the “Reset Changes” will automatically delete the last changes made ​​to the settings and retrieve the last saved.

– To the right of these buttons you can find another useful feature of this “My Account” section, especially when combined with the “Simulate my portfolio tool that we will see in another chapter. Every time you do some testing and you create some particular portfolios for some particular strategies, you have the possibility to save your work and export all the settings you have configured. You can then switch to work on another portfolio setting, but always remaining in the same account, and save again all the new changes. Click on Manager to do your backups directly on the ZuluTrade platform. Use, instead, Export and Import if you want to create a file that can be saved on your computer and can also be used in other accounts.


ACCOUNT settings


So far we have seen the settings you can work on regard your portfolio in “My Account” section. Now let’s see the settings of your Social Trading account itself.


zulutrade general account settings


You can choose to “turn on” or “turn off” the account using the “Turn of Receiving new trades.” Let’s suppose you don’t want to replicate anything for a while, but you want to resume with the same settings as soon as you like. Just disable the replication of any signal, and turn it back on when you want.

Lot Size” is a very important function. Remember when in the settings box you have set the Signal Provider Lot Size? In that case you were entering values ​​using a standard lot measurement. If you’d prefer instead to use mini lots or micro lots as measurement unit, you have to come here and change the selection from this drop-down menu. The lot size values ​​in your settings from that moment will be expressed according to that measurement.

Please be very careful!!! If you think you’re using micro lots, and you assign 5 to a Signal Provider, but instead you’re viewing Standard Lots, and you don’t notice the error, you can get hurt badly.

Maximum Open Lots” is the same function we saw earlier, with which you can set a maximum limit volume on total portfolio transactions, at which ZuluTrade will stop replicating any further trade, but this time applied to the entire account, and not to a single Signal Provider. Let’s suppose you set 5 standard lots of Maximum Open Lots and you have three Signal Providers, operating all three with a standard lot each. The first trader opens 3 operations, the second 2, the third another 2. ZuluTrade will replicate only the operations of the first two Signal Providers, because with their trade they had reached the maximum volume possible.

Indicative Leverage” is an indication of financial leverage, but be careful not to get confused. It doesn’t indicate the leverage you are using in your trading account with your broker, but it shows only the leverage value that ZuluTrade will use for some of its automatic calculations. Remember the Margin Call-o-Meter, which indicates the chances for your account to incur in a margin call based on your settings? Well, one of the key elements of the calculation depends on this leverage value.

Check it out. Create a portfolio, control how much is the bar percentage. Then come here and increases the leverage level, for example from 100: 1 to 200: 1. Then check again the percentage. It’s certainly diminished. This is because the higher the leverage, the less the broker will ask you as margin for any transaction, and so the possibility of not having enough margin (margin call) decrease. This being said, the temptation would be to select the maximum value of 1000: 1 (yes, one thousand to one), but it’s something you don’t have to do absolutely. One thing is the leverage value that ZuluTrade uses for its calculations, another thing is the leverage value that your broker actually gives you. Put here the real leverage value you’ll get from the broker with whom you will open your real account. In the case of AAAFX, the leverage is 100: 1, so enter this value in here now that you’re working with a demo account.

Monitor My Account” is an additional security level promoted by ZuluTrade to try to reduce as much as possible the risk of a system failure. It’s an issue that personally, in recent years, I have never ever encountered, however, it could happen. ZuluTrade lists one by one what these obstacles can be.

In practice, a replication problem is when the Signal Provider does something with an open trade on his account, but that action is not replicated on the open trade in “My Account” (ie, the trader closes the trade but that on the investor’s account remains open, or the changes the stop or profit, but this is not replicated on the investor’s account). In general, the causes of these replication deficiencies are due to temporary connectivity problems, or to different prices quoted by different brokers, which in some cases may create a trade conflict between the Signal Provider’s trade and the investor’s one. By flagging this box you authorize ZuluTrade to try to close or to restore the status equal to that of the Signal Provider, whenever he realize that something did not go as it should.


zulutrade hedging setting


The term hedging indicates that particular practice to open in the same account two or more transactions on the same instrument, but with opposite directions. To buy one lot of EUR/USD and at the same time to sell one is considered hedging. Some brokers don’t allow this, others do, it depends on the broker and it’s important you know in advance if he allows it. For Social Trading is essential to be able to hedge.

Let’s suppose the strategy of a Signal Provider doesn’t include hedging, so he will open operations on a particular pair always in the same direction. The problem is that there could be another Signal Provider who is planning to open a trade on the same pair, but in the opposite direction. So, your broker should be able to accept both orders, otherwise he will only replicate the same direction orders (long or short) of the first trade that has been opened. Suppose that, despite this warning, you still want to avoid making hedging transactions on your account, because your broker’s account doesn’t allow it.

By flagging “Avoid Hedging” ZuluTrade will treat your demo account just as it would be a real account, but opened with a broker who doesn’t allow hedging. Now you can do your tests, and understand that the ability to hedge is really essential for good Social Trading.

Finally, we can set the time zone reference. That time zone will be used to indicate any date on the site, in particular with regard to the timing of the trade details (date opening, closing, etc.). Personally I have always felt at ease using the UTC time, which is the time zone of a trading day around the world, and that often makes things easier, but nothing forbids you to set everything up with a different time zone, you just have to remember what it is and then manage the data. Let’s suppose you want to avoid those Signal Providers that operate at night. You must be sure of the time and of the time zone used, or you may also easily get confused when you see his operations details.


With these two chapters we have concluded the tour through all of the functions available within “My Account”. But, hold on. While passing all the tools and functions, we said we have left three of them for a future chapter.

Well, it’s the next one. Let’s discover together the new ZuluGuard, Trailing Stop and Offset Pip function.



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