Partner Center Find a Broker

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?

Trading conditions deteriorated even further on November 5, since intraday price action became even choppier and many of the hourly candles were rather big relative to ATRH.

Just look at how GBP/NZD’s price action played out…

GBP/NZD: 1-Hour Forex Chart (Nov. 5)
GBP/NZD: 1-Hour Forex Chart (Nov. 5)

And unlike last Friday, many losing trades were triggered. Worse, most of the losing trades were closed out with full losses. Moreover, the limited volatility meant that some of the winning trades were closed out at SW.

Given all that, both Variants closed out the day with losses.

The Fixed TP Variant only suffered a scratch, though, and is now only up by 0.13% (+0.21% last Friday). In contrast, the Trailing Variant took another big hit and is already down by 3.26% for the month (-2.07% 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 (Nov. 5)
GBP/NZD: 1-Hour Forex Chart (Nov. 5)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Nov. 5)
GBP/NZD: 1-Hour Forex Chart (Nov. 5)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Nov. 1-5)
Equity Curve Comparison (Nov. 1-5)

By the way, if you want to review how the system performed in October, 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 week, 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