It wasn’t the best week for USD/JPY but Guppy more than made up for it with three big wins! Take a look at the latest positions.
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 these inside bar signals for USD/JPY:
Zooming in to the short-term time frames helped me check if these were triggered and if any stops or targets were hit.
Ack! Three consecutive losses for USD/JPY! These amounted to a 76-pip dent and the percentage loss depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair had four valid signals but the last one hasn’t been triggered yet, so I left it out:
After last week’s small win, Guppy followed it up with three big ones this time. Woot woot!These positions chalked up a total of 96 pips in gains, which makes up for the losses from USD/JPY and puts the strategy up by 20 pips for the past few days.
This makes me more confident that the system can be able to pull off a good run this month and probably even make up for the losses in October. ICYMI, check out this system’s performance for Q3 2017!