Partner Center Find a Broker

Yen pairs welcomed the new year with huge fireworks, but did this pickup in volatility generate more signals and pips under this strategy? Time to find 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

This pair had a few inside bar patterns, but only one had its entry level hit and here’s how it turned out:

USD/JPY got in the long position a wee bit too early, as the pullback that followed hit the stop loss before price gained momentum and eventually reached the PT level.

Here’s how Guppy is looking:

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

A couple of valid signals for this one! Zooming in to the short-term time frames shows whether or not the entry or exit levels were hit.

Back-to-back wins, baby! Guppy raked in a whopping 147-pip gain but lost 26 pips to USD/JPY, bringing the system total to 121 pips this week. The percentage gain/loss depends on how position sizes were calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q4 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!