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

Well, what can I say? The market giveth and the market taketh away, as some people say.

To be more specific, both Variants encountered choppy price action on March 20, which forced them to give back some of their hard-won gains. Boo hoo!

Anyhow, here are the usual topics that 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. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
Trade Details (Click to enlarge)

Note: Trades # 65 and 66 were executed on March 21 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. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
Trade Details (Click to enlarge)

Note: Trades # 65 and 66 were executed on March 21 and are therefore excluded from the table. They’ll appear in tomorrow’s update. Also, trailing rule have kicked in for trade #64 with 0.24% in gains locked in.

The Month So Far

Equity Curve Comparison (Mar. 1-20)
Equity Curve Comparison (Mar. 1-20)

In hindsight, there was a clear uptrend on March 20. However, intraday price action was choppy so some short orders were generated and triggered, resulting in losses.

Basically, we’re seeing an extension of last week’s price action, namely bulls being the dominant force on GBP/NZD, but with bears clearly not giving up without a fight, resulting in choppy intraday price action, which is making it hard for the system to hold onto its gains and/or avoid potential losing trades.

Anyhow, the Fixed TP Variant is now only up by 2.28% for the month (+3.11% yesterday), which is a far cry from its high water mark of +5.72%. And that’s rather sad.

The Trailing Variant, meanwhile, is up by 2.34% (+2.35% yesterday), so the Trailing Variant is still outperforming the Fixed TP Variant a bit.

By the way, take a look at this:

GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)

That’s right! There was yet another profitable trade that got filtered out because of the 2-hour time limit.

Argh! So annoying! That’s almost 2% in uncaptured gains for the Fixed TP Variant!

Also, this marks the fourth time that the 2-hour time limit filtered out a profitable trade this month after similar instances on March 13March 15, and March 19.

Is this the market’s way of telling me to hurry up with a tweak? I wonder…

Anyhow, that’s all for today.

And as I’ve been noting for a while now, 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