Showing posts with label HomerPoet. Show all posts
Showing posts with label HomerPoet. Show all posts

Sunday, March 29, 2009

HomerPoet morphs into mmtwta

Greetings fellow Zulu-Traders. By now you must all think i'm obsessed with HomerPoet since I blog about him repeatedly. Well he has made some progress rebounding from some recent drawdowns. Even so, he's down over -1500 pips from his top at +2000 pips which puts him into the risky provider category. Despite these blotches in is record, he still has better than 95% profitable trades. In any case, due to these stains on his record he probably figures its better to make a fresh start to gain a new following. Thanks to the Zulutrade's feature we know when an old provider assumes a new identity. As of last week, Homerpoet re-emerged under the new name mmtwta.

So far he's off to a solid start with 5 straight profitable days picking up +325 pips. Also, he's got 100% profitable trades which should garner some attention. This time he's taking between 25 and 30 pips profit per trade. I would like to see this number much higher - closer to 50 pips. That will help to overcome that occasional excursion beyond -150 pips which would be my expected stop.
I added mmtwta for one lot with a 150 pip stop. I live to regret it, we will see.