‘Twas a pretty good week for this forex mechanical strategy as both pairs caught decent wins and made up for tiny losses. Check out the latest positions.
But if this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.
Also, this tweaked version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
The system generated these inside bar signals for USD/JPY:
Zooming in to the short-term time frames helped me check if these were triggered and if any stops or targets were hit.
The first position didn’t fare out so well as it hit the full stop loss, but the next two ones more than made up for it, just as in the previous week. In total, these amounted to a 9-pip gain and the percentage loss depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair snagged three signals for the period, and here’s how these turned out:
These amounted to a 54-pip overall gain for GBP/JPY, bringing the total for the system up to 63 for both pairs.
With that, I think the system still stands a chance at ending in the black this Q4. Or did I just jinx it again? ICYMI, check out this system’s performance for Q3 2017!