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Another slow week for Guppy with a sole signal from this mech system, but USD/JPY had a pretty busy week as it caught more than a handful. 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 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.

Here are the valid signals on USD/JPY:

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

And here’s how those signals turned out:

A bit of a rough start as the first position got stopped out, but the pair more than made up for it with consecutive big wins!

Now here’s what happened on Guppy:

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

Just the one position for this pair again! Zooming in to the short-term charts shows if entries or exits were hit:

Unfortunately for GBP/JPY, its sole signal snagged a loss of 51 pips when it hit the full stop loss. All that action on USD/JPY only scored 36 pips, which means that the system is actually down 15 pips for the week. The percentage gain depends on how position sizes were calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q3 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!