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

Well, both Variants were forced to give back some of their gains, which is bad. It wasn’t too terrible, though. 

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. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
Trade Details (Click to enlarge)

Note: Trades # 41 and 42 were executed on March 14 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. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
Trade Details (Click to enlarge)

Note: Trades # 41 and 42 were executed on March 14 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Month So Far

Equity Curve Comparison (Mar. 1-13)
Equity Curve Comparison (Mar. 1-13)

The Fixed TP Variant reached a new high water mark of +5.72% (+5.32% yesterday), which is great. However, that’s the only good news since the Variant took a couple of hits after that so it’s now only up by 4.97% for the month (+5.32% yesterday).

The Trailing Variant had it worse since trade # 37 (a short) was closed above with a small gain of only +0.06% because the pair didn’t trend lower. In contrast, the Fixed TP Variant captured a full win.

As such, the Trailing Variant is now only up by 2.73% for the month (+3.43% yesterday), which is a bit disappointing but completely expected, given the relatively tight trading conditions.

Another bit of disappointment came from the updated rules.

As marked in the chart below, there was actually a valid LHLL pattern that formed on March 13.

GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)

However, we failed to ride that upswing because the new rules state that if (Bar1 High – Sbar Low) is greater than or equal to (1.5 x ATRH), then orders should be cancelled after 2 hours, not 12 hours.

The ATRH when the pattern was completed was 28 pips, while the range between Bar1 High and Sbar Low is 62 pips, which is more than 42 pips (1.5 x 28). The 2-hour time limit therefore applies.

And unfortunately, it took 3 hours for the pair to reach the desired entry level, and we already canceled our buy stop order long before then.

To be fair, the buy stop order would still have been cancelled even under the old rules. However, the new rules are more likely to avoid failed trades. But it just goes to show that the rules are not perfect (nothing is, for that matter) since profitable trades can also get filtered out. Although it should be stressed that the trade is only obviously profitable in hindsight.

Okay, that’s all I’ve got for today!

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)

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