Another week with only a handful of signals for this system! But did it turn out as well as it did the other week? Read on to find out.
But 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 tweaked 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.
The system generated just the one inside bar signal for USD/JPY in the past few days:
Zooming in to the short-term time frames helped me check if this signal was triggered and if any stops or targets were hit.
Nope, no luck on this one! Price actually came close to hitting the target before staging a larger reversal and hitting the stop for a 24-pip dent. Of course the percentage loss depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Just a couple of valid signals for Guppy and here’s how these turned out:
Safe to say, this wasn’t exactly the best week for the system as it gave back some of the strong gains raked in during the previous one.
Still, I’m looking forward to crunching the numbers on this system for the quarter because it has shown some tendency to make up for these small hits with bigger wins. ICYMI, check out the system’s Q2 2017 performance!