Welcome back Zulu-traders.With my database of Zulutrade provider history now in full swing, I ran a query showing providers who have been on Zulutrade for a whole year. Providers who have stuck with same screen name for an entire 12-month's deserve some credit and are worth a look.
Today's luck winner is Trendcatcher whose first trade on the Zulutrade system was on 11/10/2008.
I've been following Trendcatcher in a demo account since 10/29/2009 with a 2-lot limit and 180 pip stop. As of today, he's down -293 pips since the start of the demo period, but he does have a +120 pip open gain in a GBP/JPY trade.
Looking at the demo period, out of 30 trades, he's has 19 winners and 11 loosers. With a 66% success rate, I prefer providers with a higher win rate. This gives me more confidence that the method of entry is selective and disciplined, well beyond what you could get from a coin-flip.
What's positive about Trendcatcher is that his profile indicates he trades his own signals, and based on his loss-aversion, I believe him.
Looking longer term, Trendcatcher has had some good months with monthly profits well above over 200 pips.Strangely enough, he seems to do better in the in the autumn/winter months, and not as well in the summer months. I don't know if this has any significance - perhaps he's out on his jet-ski when the weather is nice. Nothing wrong with that.
The graph also shows that loosing months are relatively rare and we'll be following Trendcatcher to see if he can pull out a profit for this month.
Trendcatcher also runs a more agressive account called Magnum UB which has some nasty drawdowns and is close to 'Risky Provider' status where drawdown exceeds closed profits.
That's all for today, cheers and good trading.
Tcxmon
During the summer he is probably in his summer home on the beach in FL. :)
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