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 (May 28 – June 1)
- Week In Review At The Happy Hunter’s Lodge (June 4-8)
- Week In Review At The Happy Hunter’s Lodge (June 11-15)
- Week In Review At The Happy Hunter’s Lodge (June 18-22)
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
It was a really bad week for both Variants of the (not so) Happy Hunter Trading System. And I do mean bad, since the Fixed TP Variant lost 5.35% this past week, while the Trailing Variant suffered a weekly loss of 5.27%.
And the main reason why both Variants had a rough time this past week is the very choppy price action that the system had to go through on June 26 and June 28, which produced a lot of losses. And I do mean a lot.
In fact, if you check out the system’s win rate above, you can see that both Variants only had a win rate of 31.25%. And again, most of those losing trades were generated on those two terrible dates.
Other reasons for the poor performance is that volatility was lower this past week, but at the same time, many hourly candles were abnormally big. You see, many trades that were actually profitable at one point. However, the lack of volatility and/or abnormally large hourly candles mean that many of them were ultimately closed out with a reduced loss.
On a somewhat happier note, both Variants are on course to closing out the month of June in the green, as can be seen in the table below. There are still some open trades, though, so do note that the numbers below aren’t the final performance scores for the month of June.
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!