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Five wins out of six opened positions for the past few days on this mechanical trading strategy. Check out how the winnings added up!

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:

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

Zooming in to the short-term time frames helped me check if these were triggered and if any stops or targets were hit.

After last week’s triple whammy on this pair, it was able to get back on its feet with a couple of wins, one on an early exit and another hitting its full target. This amounted to 31 pips in gains, and the percentage P/L depends on how position sizes were calculated.

And here are the inside bar signals for GBP/JPY:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

Two valid signals for this pair, with one hitting the stop and the other making its way to the target.

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

This pair wasn’t exactly off to the best of starts as the first long position was closed for a small loss on a new inside bar formation. However, it more than made up for this dent with three consecutive big wins!

All in all, Guppy caught 95 pips for the week, bringing the system’s total to 126 pips. This makes up for the previous week’s losses when the yen pairs I’m watching couldn’t seem to stay in a particular direction.

This time around, even though the directions of USD/JPY and GBP/JPY diverged in terms of catching momentum plays, the moves lasted a bit longer and enough to hit some targets.

But if this strategy still ain’t your cup of tea, you might wanna check out these other ones instead:
SMA Crossover Pullback System
Short-Term Bollinger Reversion
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update