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The final trading week of the month is already underway, which means a fresh batch of daily updates. So, how did the two Variants fare during the first trading day of the new week?

Trading conditions on September 24 were rather favorable since there was a steady intraday uptrend that day and both Variants were able to open trades in the direction of the trend.

GBP/NZD: 1-Hour Forex Chart (Sept. 24)
GBP/NZD: 1-Hour Forex Chart (Sept. 24)

GBP/NZD’s price action did become a bit choppy during the later half of the day, which resulted in a couple of losing trades. However, both Variants were able to come out ahead.

Like last Friday, the Trailing Variant was able to profit a lot from the elevated volatility levels, so it’s now up by 7.37% for the month (+5.40% last Friday).

The Variant even reached a new high water mark of 8.31%, but as mentioned earlier, the day closed with a couple of losers, so the Variant is only up by 7.37% for the month.

As for the Fixed TP Variant, it also reached a fresh high water mark of 3.41%, but closed out the day with only a 2.47% gain for the month (+2.08% last Friday).

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 (Sept. 24)
GBP/NZD: 1-Hour Forex Chart (Sept. 24)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Sept. 24)
GBP/NZD: 1-Hour Forex Chart (Sept. 24)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Sept. 3-24)
Equity Curve Comparison (Sept. 3-24)

By the way, if you want to know how the system fared in August, then you can do that by clicking on the link below.

And 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