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)
- Week In Review At The Happy Hunter’s Lodge (July 23-27)
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 had a mixed performance this past week since the Fixed TP Variant ended the week with a measly 0.34% gain, which is better than nothing and a weak (but promising) recovery after last week’s bloodbath.
The Trailing Variant, meanwhile, has yet to lick its wounds since it suffered 2.14% in losses this past week.
Trading conditions this past week were still rather terrible since intraday price action was still very choppy and intraday trends were still weak.
However, the Fixed TP Variant managed to eke out a win while the Trailing Variant’s losses weren’t as big compared to last week since volatility actually picked up, given that the average daily range this past week is 106 pips. In contrast the average daily range last week was only 81 pips.
Don’t get me wrong, though. Volatility this past week is still abnormally low. And to put that into context, the average daily range during the first three weeks of July (when the system was steadily raking in gains) is around 151 pips.
Moreover, GBP/NZD’s historical daily range from 2007-2017 is actually around 225 pips.
Still, it just goes to show just how dependent the system is on volatility.
Anyhow, I’ll have more to say when I publish my monthly evaluation and plans on Monday.
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!