This strategy caught fewer than usual signals over the past few days, but did it end net positive? Take a look at the latest positions to find out!
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 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.
Ack! Not exactly its best week, huh? The first position was able to scrape by with some gains even on a new inside bar early exit, but the next couple of positions hit their full stops.
All in all, this translates to a 46-pip loss for USD/JPY, and the percentage P/L depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Yep, just the one! Another inside bar pattern actually formed before I took this snapshot, but price hasn’t quite reached the entry area just yet.
Winner winner, chicken dinner! Just as in the previous week, Guppy had a good performance as it caught a win by hitting its profit target.This one generated a 48-pip gain, which is enough to make up for the losses on USD/JPY and keep the system in the black… by two measly pips. I will take it!