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)
- Week In Review At The Happy Hunter’s Lodge (May 14-18)
- Week In Review At The Happy Hunter’s Lodge (May 21-25)
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
Both Variants of the Happy Hunter managed to do rather well this past week, especially the Trailing Variant. And that’s thanks to the mostly favorable trading conditions due to the relatively strong intraday trends last Monday, Wednesday, and Friday.
Sadly, the good performance this past week was just not enough to allow the Fixed TP Variant to close the month of May in the green, which is the first negative month since forward tests began in February of this year. The Trailing Variant, meanwhile, only barely eked out a win.
Both Variants did open the new month in positive territory, though, so we can be happy with that at least.
I’ll have more to say about the system’s performance in the monthly evaluation.
One thing I can say, however, is that the Fixed TP Variants’s poor reward-to-risk ratio is one of the major reasons why the Fixed TP Variant was in the red in May.
The Fixed TP Variant’s poor reward-to-risk ratio wasn’t that big of a problem during the earlier months. However, the rather tight trading conditions in May meant that it was very hard for the Fixed TP Variant to recover since two full wins were sometimes needed to offset a full loss.
I’ve been trying to address that problem by updating the rules, particularly with regard to exits and trade management. Unfortunately, I’ve been bogged down by unforeseen tasks and some personal stuff, so I haven’t been able to devote as much time as I want in developing the updated rule.
Anyhow, 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!