It’s another busy week for this mech system as it caught a bunch of signals on both USD/JPY and GBP/JPY. How did the positions fare?
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:
Zooming in to the short-term charts shows which exit levels were hit:
After a couple of weeks’ worth of losing positions, this pair finally made up for it with three small wins. Unfortunately the stopped out position erased most of these gains and left USD/JPY with a meager 2-pip gain.
Now here’s how Guppy is looking:
This pair had two valid signals, and here’s how these turned out:
Back-to-back wins, woot woot!Guppy was able to snag a 118-pip gain in total, thanks to the large win on its short play. This brings the system total to 120 pips for the week, and 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!