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:
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:
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.