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The Happy Hunter survived the first month of the forward test. But how did the system fare during the first hunt of March?

Okay enough, I suppose. The Fixed TP Variant had a small scratch while the Trailing Variant harvested some gains.

For the entire testing period, the Fixed TP Variant shaved off some its gains because of the very small loss on March 1. The Trailing Variant, meanwhile, is on the verge of erasing the losses it suffered back in February.

Anyhow, below are the topics that we’ll be covering in today’s update:

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.

The Fixed TP Variant’s Trade Details

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

Note: Trades # 3, 4, 5, and 6 were opened on March 2 and were therefore not included in today’s update. They’ll show up in tomorrow’s update.

The Trailing Variant’s Trade Details

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

Note: Trades # 3, 4, 5, and 6 were opened on March 2 and were therefore not included in today’s update. They’ll show up in tomorrow’s update.

The Month So Far

Not much to say, really. It’s just the first day after all.

The Fixed TP variant had one win and one full loss but ended up with a scratch, thanks to the system’s poor reward-to-risk ratio.

The Trailing Variant, meanwhile is starting March with some gains, thanks to the relatively normal trading conditions.

The “Bigger Picture” View

Equity Curve Comparison (Feb. 1 - Mar. 1)
Equity Curve Comparison (Feb. 1 – Mar. 1)

Trading conditions were favorable on March 1. However, only two signals were generated, resulting in one win and one full loss for the Fixed TP Variant.

This resulted in the Fixed TP variant’s total gains easing slightly to +4.13% (+4.19% yesterday), due to the system’s poor reward-to-risk ratio.

The favorable trading conditions benefited the Trailing Variant a lot, though, since the system’s losses for the entire testing period is now only -0.10% (-1.09% yesterday), thanks to trade # 97 closing with a 1.15% gain and the 0.94% gain from trade # 2.

Anyhow, it’s a brand new month, so there’s not really much to write about at the moment.

However, it’s worth highlighting how quickly the Trailing Variant recovered when trading conditions improved.

Going forward, I can only hope that the system won’t have to go through such terrible trading conditions again, like what happened in  February. Whoo wee! Nine consecutive days of tight trading conditions, with choppy intraday price action and sideways movement to boot.

I sure hope we won’t see terrible conditions like those anytime soon… or ever again for that matter.

Anyhow, I don’t want to jinx myself, so I’ll just end it here. Tune again tomorrow!

And as always, I enjoy your feedback, 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