One more set of signals on this mechanical trading strategy and we’ll be ready to round up the quarterly numbers. Take a look!
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 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.
First up, here are the signals on USD/JPY:
Zooming in to the short-term time frames allowed me to see if stops or targets were hit.
Three positive positions out of five? I’ll take it! The last long position is still open, though, so it could turn out either way. For now, the pair was able to rake in 73 pips in gains and the percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Here’s how these signals 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
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