It’s a mixed bag for this mechanical system as it scored a fair amount of wins on both pairs. Did it 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 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:
It was a rough start as the first position actually gained enough momentum to come close to the target but turned around and hit its stop instead. Fortunately, the next positions snagged back-to-back full wins.
Here’s how Guppy is looking:
This one snagged a couple of valid plays, with one win and one loss.how position sizes were calculated.