【GG_Signal Settlement Report November 2–8】GBPUSD Buy and Sell Signals: Pound’s Unique News that Divided Fate
The signals that were settled from November 2 to 8 totaled 7 signals and a total of +51,801 yen.GG_SignalThe signals were seven in total, with the total gain of +51,801 yen.
This week's profit and loss was mostly determined by two signals for GBPUSD. A buy from SP-5 entered on October 14 earned +54,685 yen, and a sell from RSI4 entered on October 30 lost −41,777 yen. Both were settled on the evening of November 4.
It is not unusual for buy and sell signals to overlap on the same pair. This time we investigated why the selling side lost compared with past cases.
Six types of signals for GG_Signal
GG_Signalissues six kinds of signals. The first letter of the name indicates the strategy type, PB and RSI4 ride the trend on pullbacks, SP-A, SP-K, SP-5 are contrarian signals aiming at the rebound after a sharp move, GAP is a buy at the start of the week.
| Name | Aim | Timeframe to watch | Active holding period | Pair | Lot size in this report |
|---|---|---|---|---|---|
| PB | Pullback/Trend-following | Daily | Up to 1 week | 13 | 0.1 |
| SP-A | Return after sharp move/Contrarian | 1-hour | About 4 weeks | 28 | 0.08 |
| SP-K | Return after sharp move/Contrarian | 1-hour | About 4 weeks | 15 | 0.12 |
| SP-5 | Return after sharp move/Contrarian | 1-hour | About 4 weeks (if the profit-taking or stop-loss range is reached earlier, it will be settled) | 28 | 0.022 per strength unit |
| GAP | Start of the week, buy only | 1-hour | Up to 24 hours | 28 | 1.0 |
| RSI4 | Pullback/Trend-following | 4-hour | 72 hours | 4 | 0.42 |
The active holding period is the period during which, if held up to that time, the expected value was positive in verification. There are obvious possibilities to exit early as well.
Profit and loss are counted with a lot size that aligns the monthly P&L variation for each signal. If you use the same lot size for signals that last four weeks and signals that finish in one day, the amount you can lose differs by many times. PB and SP-5 are weighted a bit more heavily.
Settled from November 2 to 8: 7 occurrences
7 settlements, 6 wins, +51,801 yen (PF 2.24). In the 827 weeks since 2011, this is the 260th week from the top.
SP-5 settled 6 times for +93,578 yen, and RSI4 settled once for −41,777 yen. For SP-5, 5 trades closed for profit (+88,500 yen) and 1 trade closed because the active holding period elapsed (+5,078 yen).
Open the list of 7 (entry date/time, settlement date/time, P/L)
| Entry date/time | Settlement date/time | Signal | Pair | Trade | Lot | Settlement | P/L (yen) |
|---|---|---|---|---|---|---|---|
| 10/7 17:03 | 11/5 18:01 | SP-5 | EURJPY | Buy | 0.044 | Holding period | +5,078 |
| 10/9 22:03 | 11/4 19:01 | SP-5 | CADJPY | Buy | 0.022 | Take profit | +5,929 |
| 10/14 22:03 | 11/2 19:01 | SP-5 | CHFJPY | Buy | 0.044 | Take profit | +12,584 |
| 10/14 22:03 | 11/3 15:01 | SP-5 | USDCHF | Sell | 0.044 | Take profit | +15,301 |
| 10/14 22:03 | 11/4 19:01 | SP-5 | GBPUSD | Buy | 0.022 | Take profit | +10,292 |
| 10/14 23:03 | 11/4 18:01 | SP-5 | GBPUSD | Buy | 0.088 | Take profit | +44,394 |
| 10/30 19:01 | 11/4 19:01 | RSI4 | GBPUSD | Sell | 0.42 | Holding period | −41,777 |
All times are in Japan Standard Time.
