Greetings, fellow Happy Hunters! A new trading week will soon begin, so it’s time to take stock of how the two Variants of the Happy Hunter Price Action Trading System fared this past week.
And below are the usual topics that we’ll be covering in today’s update:
- Must-Read For New Readers (click to jump to this part)
- The Fixed TP Variant’s Trade Details (click to jump to this part)
- The Trailing Variant’s Trade Details (click to jump this part)
- This Week’s Performance (click to jump to this part)
If you’re a regular reader, then you may wanna use the relevant jump links above to go directly to the actual review.But if you’re a new reader, then I insist that you read up on that part.
By the way, if you need to check out how the system fared during the previous week, you can do that by click on the relevant link below.
Must-Read For New Readers
If you’re a first-time reader who stumbled across this write-up for some unknown reason, and you have no idea what this is all about, then just know that I crafted a purely mechanical trading system, pursuant to My 2018 Trading Resolution.
If that piques your interest and if you may wanna know more, then click on the links below to read up on the rules of the system.
- The Happy Hunter Price Action System 4.0 (Fixed TP Variant)
- The Happy Hunter Price Action System 4.0 (Trailing Variant)
However, let me just give these statements/disclaimers:
Firstly, I make no claim to the profitability of this system (I’m forward testing it after all), so if you use the system to trade real money without doing your own tests, that’s on you, whether you lose money or get lucky and make money
Secondly, there’s no central exchange for the forex market, so there may be discrepancies in our data feed, and it’s highly probable that I may have a valid signal based on my charts where none exist on yours (and vice versa)
With that out of the way, it’s time to finally discuss how the week went.
Below you’ll find charts of each trading day of the week. And 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 opened or closed. And the details of each trade are contained in the table after the charts. Just scroll down.
The Fixed TP Variant’s Trade Details
The Trailing Variant’s Trade Details
This Week’s Performance
The two Variants of the Happy Hunter Trading System turned in a not-too-happy performance this past week since both Variants got the wind knocked out of ’em and scored another week of losses.
The poor performance can be attributed mainly to the unfavorable trading conditions this past name, thanks to the prolonged periods of choppy, sideways price action coupled with limited volatility that pushed the ATRH into abnormally low levels.
The ATRH on May 9, for example, was only around 25 pips for all trades (33 pips is the historical average) and that really messed up the Fixed TP Variant’s already poor reward-to-risk ratio.
Basically, the low ATRH made it even harder for the Fixed TP Variant’s winning trades to offset its losses.
As for the prolonged periods of choppy, sideways price action, that really put the hurt on the system’s win rate. Sure, some losing trades had reduced risk. However, the Fixed TP Variant just couldn’t recovery because of the low ATRH.
The Trailing Variant, meanwhile, also suffered from the poor trading conditions. But as you can see in the stats, the Trailing Variant’s losses were less than that of the Fixed TP Variants. And this was because of the decent trend on May 8 and the strong trend on May 10 since the Trailing Variant was able to open trades that took advantage of those brief periods when volatility ramped up.
By the way, work on Version 5.0 of the Happy Hunter is coming along well enough.
I’m already done with the trade management portion of the rules and I’ve found a working solution to make sure the Fixed TP Variant’s reward-to-risk ratio will never go below 1:1. This did come at the expense of the system’s win rate, though.
Anyhow, I still don’t have a set deadline on when I can roll out Version 5.0 since I’m still working on the entry rules in order to try and bump the system’s win rate back up.
Okay, that’s all I’ve got for today! And as always, I enjoy your feedback. So if you have any questions, or if you see a possible error in my work somewhere, or if you just want to say “hi” then don’t be shy and write a comment down below!