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

Well, it went from bad to worse since intraday price action on April 5 was even more unfavorable, which resulted in more losses for both Variants of the (not-so) Happy Hunter Trading System.

Anyhow, here are the usual topics that we’ll be covering in today’s update.

By the way, I’m currently in the third month of forward tests. And if you’re interested to know how the two Variants fared in the past two month, then you can check out the links 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 (Apr. 5)
GBP/NZD: 1-Hour Forex Chart (Apr. 5)
Trade Details (Click to enlarge)

Note: Trades # 22, 23, 24, and 25 were executed on April 6 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 (Apr. 5)
GBP/NZD: 1-Hour Forex Chart (Apr. 5)
Trade Details (Click to enlarge)

Note: Trades # 22, 23, 24, and 25 were executed on April 6 and are therefore excluded from the table. They’ll appear in tomorrow’s update.

The Month So Far

Equity Curve Comparison (Apr. 2-5)
Equity Curve Comparison (Apr. 2-5)

Trading conditions on March 5 were really terrible, so both Variants took hit after hit after hit. In fact, both system took so many losing trades that the lose rate now exceeds the win rate.

And because of the string of losses, the Fixed TP Variant is now down by 2.24% for the month (-0.39% previous) while the Trailing Variant is down by 2.68% (-0.53%).

Am I worried? Absolutely. However, the losing streak is not really all that surprising. After all, the Fixed TP Variant did have a peak-to-through drawdown of 4.61% last month, so the current drawdown of 2.88% isn’t really all that big (relatively speaking).

Even so, I’m still a bit worried since the losing streak started early and there’s no guarantee that trading conditions will improve.

Anyhow, that’s all I’ve got for today!

By the way, 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