Partner Center Find a Broker

Got another handful of signals on the pairs I’m watching, and I’m getting a mix of green and red. Did the strategy end up positive overall?

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 was only one valid signal on USD/JPY, even though there were other inside bar patterns that formed.

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

Zooming in to the short-term time frames allowed me to see if stops or targets were hit.

Aha! That’s one win for USD/JPY, generating 31 pips in gains. The percentage win 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

Here’s how these three signals turned out:

The first one didn’t turn out so well as it had to be closed for a loss on a new inside bar pattern. The next short position more than made up for it, but some of those gains were lost when the last position hit its stop.

Guppy managed to escape with an 11-pip gain for the week, bringing the system total to 42 pips. That still counts as a good one in this robot’s book!

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