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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?

Both Variants started the new week on a strong footing, with the Fixed TP Variant now up by 5.44% for the month (+5.16% last Friday), while the Trailing Variant is now up by 17.64% (+16.26% last Friday) and even hit a fresh high water mark of +18.33%.

GBP/NZD: 1-Hour Forex Chart (Oct. 29)
GBP/NZD: 1-Hour Forex Chart (Oct. 29)

There was a weak downtrend on October 29, but the system was able to open a couple of winning trades in the direction of the trend (trades # 102 and 103). GBP/NZD also trended lower on October 30 and the system was able to generate a trade on October 29 (trade # 105) which was able to ride that downtrend.

And thankfully for the Fixed TP Variant, those winning trades were more than enough to offset the losing trades (trade # 101 and 104).

The Trailing Variant, meanwhile, actually performed rather poorly on October 29 since trades # 102 and 103 were closed at SW.

However, most of the open trades from last Friday (trades # 96, 98, 99, 100) were closed at much better prices, which is why the Trailing Variant was able to extend its gains significantly and even hit a fresh high water mark to boot.

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. 29)
GBP/NZD: 1-Hour Forex Chart (Oct. 29)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Oct. 29)
GBP/NZD: 1-Hour Forex Chart (Oct. 29)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Oct. 1-29)
Equity Curve Comparison (Oct. 1-29)

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