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

Trading conditions improved a bit on March 15, but the hits just kept on coming. The Fixed TP Variant is still in positive territory, but the same can’t be said of the Trailing Variant. 

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. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
Trade Details (Click to enlarge)

Note: Trades # 51 and 52 were executed on March 16 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. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
Trade Details (Click to enlarge)

Note: Trades # 51 and 52 were executed on March 16 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Month So Far

Equity Curve Comparison (Mar. 1-15)
Equity Curve Comparison (Mar. 1-15)

The tight, choppy, sideways price action persisted during the first half of March 15, so both Variants endured additional losses.

GBP/NZD began to trend higher during later during the second half of the day, but the system only generate short signals that both ended in full losses, so both Variants suffered yet again.

As a result, the Fixed TP Variant now only has 1.98% in gains for the month while the Trailing Variant is finally in negative territory with a 0.60% loss. This really is mid-February all over again.

There was actually a valid LHLL pattern that would have been a profitable trade. However, it fell under the 2-hour time limit. And as you can see below, it took 3 hours to reach our precalculated entry, which means that the buy stop order was already cancelled by then.

GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)

This is the same problem we encountered back on March 13.

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

It’s therefore quite obvious where I should focus my research. If there’s a consistent pattern and/or set of conditions that would allow us to give exemptions to the two-hour time limit, I’ll find it.

Anyhow, that’s all 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