Another day, another update for the Happy Hunter Trading System! So, how did the two Variants fare in the most recent hunt?
May 9 was another day with choppy, sideways price action. And that, quite naturally, resulted in some losing trades.
And sadly for the Fixed TP Variant, the winning trades were just not enough to offset the losses, so the Fixed TP Variant is now down by 4.27% for the month, which is the Variant’s worst performance since the forward tests began in February.
However, the choppy, sideways price action is just one reason for the Fixed TP Variant’s poor performance. The other reason is that the ATRH has been abnormally low in May (since April, actually).
In fact, if you check out the trade details you’ll see that ATRH is only around 25 pips (33 is the average).
And remember, our TP and SL values depend on ATRH, but the 12-pip spread is a constant, which means that as the ATRH shrinks, the 12-pip spread becomes a proportionally bigger cost burden, making the Variant’s (already poor) reward-to-risk ratio even worse.
And to illustrate this, trade # 44, which is a winning trade that hit TP, only resulted in a 0.38% gain while trade # 45, which is a losing trade that hit SL, resulted in a 0.50% loss.
Again, that’s a 0.38% gain versus a 0.50% loss. So, yeah, the reward-to-risk ratio is really messed up because of the abnormally low ATRH.
Anyhow, let’s move on to Trailing Variant. And, well, the Trailing Variant actually had a good day on May 9, thanks to the 1.87% gain courtesy of trade # 49. The Trailing Variant is therefore now only down by 2.47% for the month.
Anyhow, you can check out the details by clicking on the relevant jump links below.
- The Fixed TP Variant’s Trade Details (click to jump to this part)
- The Trailing Variant’s Trade Details (click to jump to this part)
- The Month So Far (click to jump to this part)
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.
- The Happy Hunter Price Action System 4.0 (Fixed TP Variant)
- The Happy Hunter Price Action System 4.0 (Trailing Variant)
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
The Trailing Variant’s Trade Details
The Month So Far
By the way, if you need to check out the previous week’s performance, then go ahead and click on the link 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!