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The final trading day of the month is finally past us. So, how did the two Variants fare? Did they close out the month in the green?

Well, the Trailing Variant did since it closed the month with a small 0.34% gain.  The same can’t be said of the Fixed TP Variant, though, since it’s down by 0.22% for the month. So near and yet so far! Boo hoo!

I guess we just got unlucky since the strong downtrend on May 30 did not continue. Worse, price action on May 31 was very choppy.

There was enough intraday volatility for the Fixed TP Variant to hit TP on some trades. However, the choppy price action also meant that losing trades were generated. And as a result, the Fixed TP Variant was able to shave its losses for the month, but it just wasn’t enough to push the Variant into positive territory. This is the first negative month for the Fixed TP Variant since we started the forward test on February of this year.

As for the Trailing Variant, May 31 was actually a bad day since the choppy price action meant that all winning trades were closed at SW. And they were just not enough to offset the two full losses suffered on that day. The Trailing Variant therefore closed out the month with a paltry 0.34% gain. It was up by 1.11% previously. Oh well. Such is life.

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 (May 31)
GBP/NZD: 1-Hour Forex Chart (May 31)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (May 31)
GBP/NZD: 1-Hour Forex Chart (May 31)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (May 1-31)
Equity Curve Comparison (May 1-31)

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

Cheers!

Happy