It’s a mixed run for this mechanical system over the past week as one pair bagged some pips while the other stayed in the red. Take a look!
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:
This pair caught four valid signals for the week, and here’s how these turned out:
The pair was off to a good start as it caught some gains in the first couple of positions but wound up erasing these in the next two, ending up with a 2-pip dent.
Here’s how Guppy is looking:
This pair also had four valid inside bar signals for the week, and here’s how the positions turned out:
Ouch, all red!Guppy snagged four consecutive losses for the week as momentum following inside bar breakouts just couldn’t seem to last, resulting in a 77-pip loss for the pair.