No signals on Guppy? No problem! USD/JPY more than made up for it with three winning positions. See how many pips this system racked up!
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:
As in the previous week, there were a few more inside bar patterns but only three were able to hit their entry levels. Here’s how those valid signals turned out:
That’s three for three on USD/JPY! Now here’s what happened on Guppy:
This one saw a few inside bar patterns, too, but there wasn’t much momentum enough to sustain moves in a particular direction.With that, the system ended up with a decent 54-pip gain for the week on three winning USD/JPY positions. The percentage gain depends on how position sizes were calculated.