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Just a couple of signals on Guppy and none on USD/JPY! Check out how this mechanical system fared for the past week.

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.

For the past few days, there were no valid signals on USD/JPY.

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

 

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

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

Here’s how these two signals turned out:

gbpjpy ib

Yeouch! It’s a couple of full losses for the pair, leaving a nasty 95-pip dent for this system. The percentage loss depends on how position sizes were calculated.

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