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A new week 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?

Well, it was mixed since the Fixed TP Variant took a large hit, but the Fixed TP Variant managed to eke out a small win.

You see, there was nice and steady downtrend during the first half of the day. However, GBP/NZD’s price action became a choppy mess during the later half of the day.

GBP/NZD: 1-Hour Forex Chart (Oct. 8)
GBP/NZD: 1-Hour Forex Chart (Oct. 8)

Fortunately, the Trailing Variant was able to ride that downtrend. Also, the open trades from Friday (except trade # 25)  were closed at better prices. And that’s why the Trailing Variant is now up by 13.38% for the month (+13.06% last Friday).

It’s worth pointing out, though, that the Trailing Variant actually hit a fresh high water mark of +14.80%. But, well, there were a bunch of losers during the later half of the day, so the Variant is only up by +13.38% for the month.

As for the Fixed TP Variant, well, it lost a large chunk of its gains and is now only up by 1.39% for the month (+2.83% previous).

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. 8)
GBP/NZD: 1-Hour Forex Chart (Oct. 8)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Oct. 8)
GBP/NZD: 1-Hour Forex Chart (Oct. 8)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Oct. 1-8)
Equity Curve Comparison (Oct. 1-8)

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.

And 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!

Cheers!

Happy