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The final trading day of the week is done and over with. So, how did the two Variants fare during the last hunt of the week?

GBP/NZD’s price action was a bit choppy on October 12 and volatility also tightened a bit. However GBP/NZD there were intraday trends (a weak uptrend and a stronger downtrend) and there was enough volatility to hit TP on most trades.

Moreover, there was only one losing trade (trade # 47), so both Variants were able to add to to their gains.

The Fixed TP Variant is now up by 2.77% for the month (+1.74% previous), while the Trailing Variant is up by 13.24% for the month (+13.02% previous).

As an interesting side note, trade # 47 actually got the direction correct and would have reached TP as well. Unfortunately, GBP/NZD spiked higher before going back down and after the conditions to move SL to RSL were already met. If that spike didn’t happen, then trade # 47 would have been a winner as well. Oh well. 

GBP/NZD: 1-Hour Forex Chart (Oct. 12)
GBP/NZD: 1-Hour Forex Chart (Oct. 12)

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. 12)
GBP/NZD: 1-Hour Forex Chart (Oct. 12)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Oct. 12)
GBP/NZD: 1-Hour Forex Chart (Oct. 12)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Oct. 1-12)
Equity Curve Comparison (Oct. 1-12)

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