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I’d say this mechanical system had a pretty good run since once pair caught three consecutive wins. Check out the latest trades!

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 valid signals on USD/JPY:

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

It’s just the one signal for this pair for the week, and here’s how it turned out:

Bah! This pair got stopped out almost immediately after the short position was opened because the exit level was pretty close. I mean, that was just a 7-pip stop!

Now here’s how Guppy is looking:

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

This pair caught three valid signals for the past few days, and here’s how these turned out:

Winner, winner, chicken dinner! That’s three big wins for Guppy, amounting to a 92-pip gain for the pair.

This brings the system up by 85 pips for the week, following through on the previous week’s gains. 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!