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 how Variants fared during the previous weeks, then go ahead and click on the links below.
- Week In Review At The Happy Hunter’s Lodge (July 30 – August 3)
- Week In Review At The Happy Hunter’s Lodge (August 6 – 10)
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 Happy Hunter followed up last week’s very impressive run with a more mixed performance since the Fixed TP Variant was able to add 0.86% to its gains but the Trailing Variant suffered 1.90% in losses.
And one of the reasons why the Happy Hunter Trading System turned in a mixed performance this past week is that volatility dried up a bit since the average daily range this past week was only 108 pips.
In contrast, the average daily range last week was 169 pips and GBP/NZD’s historical average is 225 pips (based on price data from 2007-2017).
Another reason for the system’s poor performance this past week is August 13. You see, trading conditions were really terrible that day since 3 the day’s range was only a measly 72 pips and GBP/NZD was basically trading sideways inside that tight 72-pip range.
And as the regular readers out there probably know by now, low volatility + sideways price action = higher odds that the system would go into a losing streak.
In fact, the system did go into a mini losing streak of six consecutive losses. Ouch! Basically, the system started the week on a painful note and then spent the rest of the week trying to recover. And while the Fixed TP Variant managed to recover, the Trailing Variant unfortunately failed to do so.
Despite the setback this past week, the Trailing Variant’s large gains from last week mean that the Trailing Variant is still in the green for the month. Let’s just hope that trading conditions won’t deteriorate any further.
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!