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It’s a new trading week, which means another batch of daily updates. So, how did the two Variants do on March 12?

Both variants actually did pretty well since they opened the new trading week with some wins, with the Fixed TP Variant already up by 5.32% for the month. The Trailing Variant, meanwhile, is also in positive territory but lagging behind with 3.43% in gains for the month.

Anyhow, here’s what we’ll be covering in today’s update.

By the way, if you need to check out the previous weeks’ performance under the updated rules, then go ahead and click on the links below.

Also, I’ve rewritten and republished the monthly evaluation to reflect the updated rules. So if you’re interested to know how the two Variants fared under the new rules, then click on the link below.

And 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.

The Fixed TP Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 12)
Trade Details (Click to enlarge)

Note: Trades # 37 and 38 were executed on March 13 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 12)
Trade Details (Click to enlarge)

Note: Trades # 37 and 38 were executed on March 13 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Month So Far

Equity Curve Comparison (Mar. 1-12)
Equity Curve Comparison (Mar. 1-12)

The open trades from last Friday were mostly closed with profits and the system then generated two more wins on March 12, which is really great.

As such, the Fixed TP Variant is now up by 5.32% for the month (+3.74% last Friday), which is made twice as awesome since the +5.32% return also happens to be a new high water mark.

As for the Trailing Variant, it’s now up by 3.43% for the month (+2.14% last Friday), which is pretty good, but the Trailing Variant is clearly lagging behind even further.

And the Trailing Variant’s underperformance has to do with the fact that trading conditions are still actually a bit tight. The day’s range on March 12, for instance, is only 152 pips, which is below GBP/NZD’s 225-pip average.

Intraday trends in March were more pronounced compared to February’s nightmarish, choppy price action, though. And that, plus the updated rules, allow the Trailing Variant to rake in small gains.

By the way, reader sanchum has decided to create an EA based on the rules. It’s still a work-in-progress and a lot of things need to be worked out, so DON’T TRADE IT LIVE. But if you’re interested in testing the EA and speeding it’s progress, you can download it below and then message sanchum directly or post in the comments section below to discuss how to improve it. I’m sure sanchum and everybody else who’s interested in the Happy Hunter Trading system will appreciate it.

Sanchum’s Happy Hunter EA (Work-In-Progress)

Okay that’s all for now.  Tune in 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