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The final trading day is done and over with. So, how did the last hunt of the week (and of the month) go?

Well, it was pretty bad since volatility and directional movement were both in short supply, which resulted in the usual string of losses.

There are still a bunch of open trades, though, and they could still potentially end up being winners next week. Fingers crossed!

Also, it’s worth noting that both Variants are on course to closing out the month with gains, despite the losses on March 30. 

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. 30)
GBP/NZD: 1-Hour Forex Chart (Mar. 30)
Trade Details (Click to enlarge)

Note: Trades # 92 and 94 are still open but their respective stop losses have already been moved to RSL. Trade # 95 is also still open but it’s SL has been moved to SW.

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 30)
GBP/NZD: 1-Hour Forex Chart (Mar. 30)
Trade Details (Click to enlarge)

Note: Trades # 92 and 94 are still open but their respective stop losses have already been moved to RSL. Trade # 95 is also still open but it’s SL has been moved to SW.

The Month So Far

Equity Curve Comparison (Mar. 1-30)
Equity Curve Comparison (Mar. 1-30)

The day’s range on March 30 was only around 70 pips, which is rather tight, relative to GBP/NZD’s historical average of 225 pips. Moreover, the pair basically just traded sideways.

And given such terrible trading conditions, both Variants quite naturally took some hits, further reducing their already small wins for the month.

The Fixed TP Variant is now only up by 1.37% for the month (+2.93% previous) while the Trailing Variant is barely holding on with a 0.53% gain (+1.90% previous).

However, things could still potentially improve if GBP/NZD continues moving lower next week, given that there are still actually a bunch of short trades that are still open (trades # 92, 94, and 95).

Trades # 92 and 94 already have their risk reduced while trade #95 has already locked in some gains by moving SL to SW. And let me just say (or write) that the stats and the equity curve already reflect these.

We’ll likely know come Monday how the system fared for the month of March and I can then release the final results in my monthly evaluation.

In the absolute worst case scenario, GBP/NZD could start the week by moving higher, taking out trades # 92 and 94  at RSL and 95 at SW while also triggering trade #96 below (Entry Type 1 Long).

GBP/NZD: 1-Hour Forex Chart (Mar. 30)
GBP/NZD: 1-Hour Forex Chart (Mar. 30)

Even if trade # 96 then ends up with a full loss, both Variants are still guaranteed to end the month as winners since the Fixed TP Variant would be up by +0.87% while the Trailing Variant would be up by +0.03%.

Yeah, I have to admit that those are some rather uninspiring results, but a win is still a win. Although the Trailing Variant’s results would probably be more akin to a Pyrrhic victory.

Anyhow, that’s the worst case scenario. The ideal scenario, of course, is that all three open trades end up being winners. Just gotta think happy thoughts!

Okay, that’s all  for today. And as mentioned yesterday, I’m still working on the minor tweak(s) to address the issues we encountered during the month.

I mentioned in the past couple of days that I’ll probably be ready to roll them out sometime next week. Unfortunately, I apparently have a bunch of extra things to do next week, so I’ll probably have to push those updates back by a week or so. Sorry about that!

Anyhow, 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