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A new trading week is underway, which means another batch of daily updates. So how did the two Variants fare?

To be frank, they fared rather poorly. The open trade from last week (trade # 96) closed with a win. However, trades generated on April 23 itself were ALL losing trades.

Well, trades # 97 and 98 were  both winning trades at one point. However, the very choppy price action during the middle of the trading day resulted in both trades getting kicked out at a reduced loss, which is rather sad since both trades were longs and GBP/NZD eventually climbed higher.

There were also a couple of LHLL patterns that would have ended up being winners.

GBP/NZD: 1-Hour Forex Chart (Apr. 23)
GBP/NZD: 1-Hour Forex Chart (Apr. 23)

However, they were filtered out because they fall under Entry Type A5 but failed to enter a trade within the 2-hour time limit.

Trade # 100 was also a bit of a disappointment because it met the conditions for the SL to be moved to RSL and was then kicked out of the trade when trade # 101 was triggered. But as you can see, the pair eventually moved back up again.

I guess we can say that another bout of choppy price action and plain bad luck resulted in a string of losses for the system. Oh well. The month’s not over yet, so there’s still time to recover from the recent string of losses.

Anyhow, you can  check out the details by clicking on the relevant jump links below.

By the way, if you’re a first-time reader and have no idea what this is all about, then just know that I’m forward testing a purely mechanical trading system.

And if you find that interesting, 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. 23)
GBP/NZD: 1-Hour Forex Chart (Apr. 23)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Apr. 23)
GBP/NZD: 1-Hour Forex Chart (Apr. 23)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Apr. 2-23)
Equity Curve Comparison (Apr. 2-23)

By the way, if you need to check out the previous weeks’ performance, then go ahead and click on the relevant links below.

Okay, that’s all for now. 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