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The first trading week of the new 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 month?

Well, it was mixed since the Fixed TP Variant managed to eke out a win and is now up by 0.18% for the month. The Trailing Variant, meanwhile, is starting the new month with losses and is already down by 1.27%. Ouch!

Volatility was actually relatively high on October 1. However, price action was very choppy and some of the hourly candles were rather big relative to ATRH.

The choppy price action also meant that some trades were on the “right” direction, but were stopped out with full losses. And trades # 2 and 3 are examples of this.

As you can see below, there was a large bullish spike after trades # 2 and 3 were triggered. Unfortunately, the pair dipped before spiking higher, and the dip was more than enough to take out both trades for a painful 1.0% loss.

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

And as to be expected, the Trailing Variant was particularly vulnerable to the choppy price action and large hourly candles since the Variant had a very hard time in preserving its gains. In fact, all winning trades were closed out at SW. And they just couldn’t offset the losses sustained on October 1.

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

The Trailing Variant’s Trade Details

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

The Month So Far

Equity Curve Comparison (Oct. 1)
Equity Curve Comparison (Oct. 1)

By the way, if you want to know how the system fared in September, then you can do that by clicking 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!

Cheers!

Happy