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 weeks, you can do that by click on the relevant link below.
- Week In Review At The Happy Hunter’s Lodge (April 30 – May 4)
- Week In Review At The Happy Hunter’s Lodge (May 7-11)
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
After two weeks of losses, the two Variants of the Happy Hunter Trading System were finally able to turn in a profitable week, with the Fixed TP Variant up by 1.54% and the Trailing Variant up by 2.44%.
The Trailing Variant managed to outperform the Fixed TP Variant because the Trailing Variant was able to ride the strong intraday trends on Monday and Friday.
There’s even a chance that the Trailing Variant may extend its gains this coming Monday since two trades (trade # 91 and 92) are still open, with profits already locked in.
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.
And if you haven’t been following the daily updates, then you may wanna know that the Trailing Variant has finally erased its losses from the past two weeks and is even very slightly in the green with a 0.05% gain for the month.
The Fixed TP Variant, meanwhile, still has a long way to go before it finally reaches positive territory again since it’s still down by 1.905 for the month. There are still two more weeks before the month ends, though, so the Variant still has enough time to claw its way back into positive territory.
As for updates on the next version of the Happy Hunter (Version 5.0), I mentioned last week that the exit and trade management portion of the rules are already done.
All that’s left are the entry rules, and I’m still struggling with that.
If you missed it, Version 5.0 is meant to finally address the Fixed TP Variant’s inherently poor reward-to-risk ratio.
The Fixed TP Variant’s poor reward-to-risk ratio wasn’t really that big of a problem during the backtest phase and the first three months of the forward test. However, that weakness really became a problem during the current month since the ATRH has been abnormally low during the past few weeks. And as a result, it would take two full wins just to offset a full loss, and the Fixed TP Variant’s win rate (despite being above 50%) just couldn’t cut it. And so I was forced to finally address this weakness.
Anyhow, I still don’t have a set date, but I hope I can finally roll out Version 5.0 before the month ends.
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!