This mech system had one of its better weeks as it chalked up a couple of wins on each pair and just one loss. See how the gains racked up!
Also, this version makes use of an adjusted stop loss size on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
First up, here’s what went on with USD/JPY:
This pair caught a valid long signal early on that almost immediately hit its full profit target when that long bullish candle formed.This was followed by a valid short signal that also quickly hit its target. I do wish that position was kept open for much longer, as bearish momentum really picked up!
Instead, the rest of the week went on with no new inside bar patterns that could’ve allowed the strategy to catch more pips off the steady slide.
Still can’t complain about the back-to-back wins, though! Here’s how it all turned out:
Now here’s what went on with Guppy:This pair jumped on a valid long signal early in the week, hitting its profit target over the next few hours.
It was followed by yet another long play that also enjoyed some bullish momentum but not enough to reach the full target. Fortunately, a new inside bar pattern led to an early exit instead of letting the pair slide down to its stop.
Before the end of the week, Guppy snagged a short signal that also caught some pips.
The percentage win/loss depends on how position sizes are calculated.
I can’t help but wish that some positions were able to take advantage of the stronger trends for much longer or that some pips were locked in before reversals occurred. Then again, I’m inclined to keep this strategy as simple and straightforward as possible, so I’m keeping the rules as is.