Once again I write to ask that you re-consider this policy of not paying traders during a month when USDZAR trades reach 700 pips drawdown
As per paragraph #4, Signal Providers who introduce high risks to their followers with the inappropriate trading behavior will not be compensated. Inappropriate trading behavior occurs when the Trader allows for his max draw down percentage to exceed 100%, or when his open trades have larger than usual draw downs, or one of the trades reaches -700 pips.
(see data below where I have not been paid commissions for the last 4 months), even when these trades have ended in profit and my equity curve is in very good shape. As these USDZAR trades should not be labeled as risky trading, which your policies have taken into consideration with the XAUUSD / GOLD pairing, but for some reason you have not revised your “risky” DD measurement for USDZAR.
700 pips in this USDZAR currency pair are a completely different risk / loss than other currency pairs, so it is not right that these trades in this month in and other months should be deemed to be “risky”.
For example: below stats on an account balance of $8401
700 pips in NZDUSD = $3570 which would be 42.4% of capital
700 pips in USDZAR = $4.90 which would be 0.05% of capital
700 pips in XAUUSD = $7.00 which would be 0.08%
How are these pip values and equivalent dollar percentage values taken equivalently in terms of RISK?
This is in no way fair or right.
Below are the four consecutive months I have not been paid commissions by Zulutrade as a result of these supposed “risky” USDZAR or USDTRY trades. I am asking you to revise your policies appropriately (as you have done with XAUUSD) and pay the commissions due to me.