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

Price action on March 28 was choppy and directional movement was lacking. Thankfully, only a couple of signals were generated during the trading day. Even so, both Variants didn’t do too well. However, the damage inflicted wasn’t that painful since the Fixed TP  Variant only suffered a light scratch while the Trailing Variant only got a black eye. 

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. 28)
GBP/NZD: 1-Hour Forex Chart (Mar. 28)
Trade Details (Click to enlarge)

Note: Trades # 87 and 88 were executed on March 29 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. 28)
GBP/NZD: 1-Hour Forex Chart (Mar. 28)
Trade Details (Click to enlarge)

Note: Trades # 87 and 88 were executed on March 29 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Month So Far

Equity Curve Comparison (Mar. 1-28)
Equity Curve Comparison (Mar. 1-28)

Trading conditions were really terrible on March 28 since GBP/NZD basically traded sideways and intraday price action was choppy to boot.

Thankfully, only a couple of trades were generated, with one resulting in a full loss and one which ended up hitting TP.

Naturally, this meant a small scratch for the Fixed TP Variant, given the Variant’s poor reward-to-risk ratio due to the fixed 12-pip spread that’s assumed on each trade.

Still, it’s kinda nice to know that the Fixed TP Variant is on course to closing out the month with 2.51% in gains (+2.58% yesterday). Although it also makes me kinda depressed since the Variant started the month very strong and even reached a high water mark of +5.72%.

As for the Trailing Variant, it’s now only up by 1.04% for the month (+1.48% yesterday).

This is due to the fact that GBP/NZD began to turn lower shortly after reaching TP. In other words, there wasn’t really much of a trend for the Trailing Variant to ride on. Thankfully, the revised rules let us exit the trade with a small 0.06% gain. Under the original rules, we would have gotten out empty-handed at break even.

Anyhow, that’s all  for today. By the way, I’m still working (feverishly, I have to add) on the minor tweak(s) to address the issues we encountered during the month. And from the looks of it, I’ll probably be ready to roll them out sometime next week, assuming I don’t have other unexpected things to deal with.

Also, 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)

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