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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 week?

GBP/NZD’s price action on December 17 was rather choppy and volatility tightened a bit since the day’s range was only 91 pips.

GBP/NZD: 1-Hour Forex Chart (Dec. 17)
GBP/NZD: 1-Hour Forex Chart (Dec. 17)

The system actually went on a quick losing streak during the first half of the day since trades #52, 53, 54, 55, 56, and 57 were ALL losers.

Fortunately, the rule to move SL to RSL was triggered on all of ’em so the damage was not to severe. Also, most of the trades opened during the later half of the day were winners. And the same can be said of the open trades from last Friday (trades # 49, 50, and 51).

And given all that, the Fixed TP Variant was able to eke out a small gain for the day and is now up by 4.65% (+4.46% last Friday).

The Trailing Variant’s gains for the day, meanwhile, were just not enough to offset the losses, so the Variant was forced to shed some gains and is now only up by 3.53% for the month (+4.16% 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 (Dec. 17)
GBP/NZD: 1-Hour Forex Chart (Dec. 17)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Dec. 17)
GBP/NZD: 1-Hour Forex Chart (Dec. 17)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Dec. 3-17)
Equity Curve Comparison (Dec. 3-17)

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