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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, both Variants got roughed up and were forced to shed some of their hard-won gains on October 22.

As you can see in the chart below, GBP/NZD moved slightly higher, then slumped hard and recovered on October 22.

GBP/NZD: 1-Hour Forex Chart (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 22)

Unfortunately, a couple of losing trades (trades # 73 and 75) were triggered during that weak up move, but only one trade was generated during the strong slump (trade # 74).

And while trade # 76 was a winner at one point, it was sadly closed out at RSL because the condition to move SL to SW was only 8 pips away, but there was not just not enough volatility.

And with that, the Trailing Variant was forced to shed even more of its hard-won gains and is now only up by 16.09% for the month (+16.96% last Friday).

The Fixed TP Variant, meanwhile, now only has 5.24% in gains for the month (+5.86% 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 (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 22)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 22)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Oct. 1-22)
Equity Curve Comparison (Oct. 1-22)

By the way, if you want to review how the system performed in September, then you can do that by clicking on the link below.

And if you need to check out how the system fared in the previous weeks, then go ahead and click on the 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