I’ve got a couple of weeks’ worth of signals from this mechanical trading strategy. Did it score some wins or not?
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.
Not bad, eh? This pair was off to a rough start but more than made up for those losses with three consecutive wins, racking up a total of 26 pips for the pair. The percentage P/L depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Five valid signals materialized but only four were triggered, and here’s how those turned out:
If this strategy ain’t your cup of tea or if you’re looking for one that might be more appropriate for current market conditions, you may wanna check these out, too:
SMA Crossover Pullback System
Short-Term Bollinger Reversion
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update