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

Volatility evaporated on July 23 and GBP/NZD traded roughly sideways in a tight range. Oh, intraday price action was very choppy to boot.

In short, trading conditions were rather terrible. And consequently, both Variants had a rather terrible time on July 23.

Trading conditions were so bad that all trades generated in July 23 were losers. That’s right! NOT. A. SINGLE. WINNER. And to make matters worse, the two open trades from last Friday were losers as well.

Hello darkness, my old friend
Hello darkness, my old friend…

Anyhow, the Fixed TP Variant erased a rather large chunk of its gains and is now barely above breakeven with a measly 0.03% gain for the month (+2.38% last Friday).

Meanwhile, the Trailing Variant was also forced to take several steps back and is now only up by 2.15% for the month (+4.50% last Friday).

What a bummer!

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

The Trailing Variant’s Trade Details

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

The Month So Far

Equity Curve Comparison (July 2-23)
Equity Curve Comparison (July 2-23)

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