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Another day, another update for the Happy Hunter Trading System! So, how did the most recent hunt go?

To sum it up, a burst of volatility after nine consecutive tradings days of tight trading conditions allowed the Fixed TP Variant to recover even more lost ground while the Trailing Variant finally showed signs of a recovery from its losing streak.

By the way, if you’re a first-time reader and have no idea what this is all about, then you may wanna click on the links below to read about and understand the rules of the system.

Also, if you’re wondering what the numbers on the charts are about, they refer to the trade #, based on the chronological order when the signal was generated, not necessarily when the trade was executed.

Oh, also note that you can find the details of each trade in the tables below the chart. If the table is too small to read, just remember that you can click on it to enlarge it.

And if you want to know more about the details of the previous trades, you can do that by clicking on the relevant links below.

Fixed TP Variant

GBP/NZD: 1-Hour Forex Chart
GBP/NZD: 1-Hour Forex Chart
Trade Details (Click to enlarge)

Trailing Variant

GBP/NZD: 1-Hour Forex Chart
GBP/NZD: 1-Hour Forex Chart
Trade Details (Click to enlarge)

The “Bigger Picture”

Equity Curve Comparison (Feb 1-23)

After nine consecutive days of choppy, sideways price action, with abnormally low daily volatility, trading conditions on GBP/NZD finally returned to normalcy when the pair trended higher starting from 2:00 pm GMT+2.

And this return to normalcy allowed the Fixed TP Variant to recover even more lost ground since the system’s gains for the month jumped from +1.98% to +2.61%. There’s still some distance to go until the system returns to the high water mark of +3.71%, though.

The first “normal” intraday trend (two-day trend, to be more precise) in nine days also allowed the Trailing Variant to finally recover from its losing streak since the system is now only down by 2.08% for the month (was down by 2.91% yesterday). Also, a look at the equity curve shows that the Trailing Variant is finally showing signs that it’s in recovering.

There are still three trading days left until February comes to an end. If this return to normalcy is the real deal, then there’s still a chance for the Trailing Variant to end the month close to break-even.

That’s a rather tall order, however. Even so, the idea is a plausible one since GBP/NZD’s recent upswing finally puts an end to nine consecutive trading days of  sideways price action.

Of course, it’s also possible that GBP/NZD will switch back to consolidation mode, which will likely rough up the Trailing Variant some more.

Okay, that’s all I’ve got. And as always, I enjoy your feedback (and I usually answer within a day), so if you have any questions, or if you found a possible error somewhere, or if you just want to say “hi”, then don’t be shy and write a comment down below!

Cheers!

Happy