Greetings, fellow Happy Hunters! The trading week is done and a new one will soon begin, which means that 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 the previous week’s performance, then go ahead and click on the link below.
- Week In Review At The Happy Hunter’s Lodge (July 2-6)
- Week In Review At The Happy Hunter’s Lodge (July 9-13)
- Week In Review At The Happy Hunter’s Lodge (July 16-20)
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 terrible week for both Variants of the (not so) Happy Hunter Trading System, with the Fixed TP Variant down hard by 5.04% for the week, while the Trailing Variant suffered 6.92% in losses.
Trading conditions this past week were so bad that the system’s win rate was only 29.03%.
And while choppy trading conditions and the lack of directional movement contributed to the system’s poor performance, the main reason why the win rate was so low is that volatility was abnormally low, given that the average daily range this past week was only a measly 81 pips.
And to put that number into context, take into consideration that the average daily range during the first three weeks of July is around 151 pips, so the average daily range this past week was just slightly over half that of the rest of the month.
Now also consider that GBP/NZD’s historical daily range from 2007-2017 is around 225 pips.
So, yeah, volatility was really low this past week. It was so low that ATRH dwindled to just 24 pips for the first time since forward testing began back in February of this year.
Anyhow, the week’s losses were enough to push both Variants into negative territory, erasing three weeks worth of gains, which is rather sad.
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!