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A bit of a slow start for this mech system in Q2 as it caught fewer than usual signals, but the turnout wasn’t all that bad. Check it out!

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.

GBPJPY Inside Bar

You win some, you lose some! It was an even split for this pair, as half o its positions so far ended up with gains on hitting the full profit targets while the other half hit their stops.

In total, this yielded 16 pips in losses 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

I got a couple more inside bar patterns than the actual opened position as the second to the last one was immediately followed by another signal that didn’t end up getting triggered either.

GBPJPY Inside Bar

Fortunately that one position ended up in the green as it hit the full profit target. Guppy caught 38 pips for the week, enough to put the system up by 22 pips overall. Not so bad, eh?

 

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