CHF-JPY unusually large spread 5 pips

CHF-JPY usually starts off on Monday with spread of 4 and by Tues it will drop to 2.8 right through to Friday. This has been its spread pattern for the last 6 weeks.

But for this week, I notice a change. It started off on Monday with spread of 4 pips, and by Tuesday, it increased to 5 pips. It appears to have broken its spread pattern.
Most of the time its Peak-to-peak amplitude was very wide around 10 to 20 pips and occassionally would compress to around 8 pips.

I noticed that the EUR-JPY is also ranging and its spread was only 2.7 pips.
So I switched to EUR-JPY.

March 10 to March 14 : Won 45 pips Zero Losses

Won 45 Pips, No Losses

Second week of March won 45 pips. This is the 6th week in a row with zero losses.

Trading system has been successfully used throughout the 6 weeks beginning Feb first week.


Using this trading system:

One-Pip Range Trading Strategy

It is still too early to say with any certainty that this is a full-proof system however, judging from the success so far, I would attribute the success of this system to its purely mechanical trading characteristic.

Without any system, I would base my trading on emotion - eg, when I see a price go my direction, I increase the TP line instead of closing it after it has gathered a 1-pip profit. Also basing on emotion, if I see the price going the wrong way, I would close it quickly instead of allowing it to run all the way to my pre-determined SL line.

With a Trading System, after a position has been opened, I totally leave the screen alone - and refrain from looking at it. I just let my Forex Alerter system alert me once the TP or SL line is hit.

March 3 - 7 : 22 pip profits

March kicks off with a 22 pip profit for the first week.

February earned 148 pips ( 30% profits )

For February, zero losses but won:

Feb 4 - 8 : 36 pips
Feb 11 - 15 : 47 pips
Feb 18 - 22 : 35 pips
Feb 25 - 29 : 30 pips


Average: 37 pips per week about 7 pips per day

Percentage earned: 30%

Using this trading system:

One Pip Range-Trading Strategy

and nothing else.

Feb 25 to 29 : Made 30 pips profits

WON: 30 pips

4th week in a row with zero losses. Amazing!
Also using the same trading system as the previous 3 weeks.

However the week ended with an unclosed Short Position which was left open throughout the weekend - because the price kept going up and the market came to a close on Saturday. I will lose some money on the carry trade interest since it is a short on the CHF-JPY. (CHF yields higher interest than JPY) However, I wasn't worried about it - the carry trade loss is minimal.

When market reopened today (Monday), the price dropped in the afternoon and hit my TP line and gave me a 1 pip profit after 2 days.

Last week saw a drop in the pips won compared to the previous week, because I was busy with another software Project (writing a Trojan binder & also successfully created a new trojan that can disable Eset Nod32 Antivirus) and had spent less time on trading.

Feb 18 to 22 - made 35 pips

WON: 35 pips

Using my One-Pip Range Trading Strategy + Forex Alerter I made 35 pips profit for last week.
No losses. Third week in a row with zero losses.

Let's see how this week fares.

Forex Tools - Alerter Revision 21

Forex Tools 1.0.0 (Revision 21) - Alerter :


Added a new combobox shown in red above. It enables user to select the interval for which to play the sound. Default is 10 seconds. Other options: 15,20,30 and 60 secs. Useful when you are sharing office space and don't want to annoy your colleagues with a sound every 10 seconds.

A non-distracting approach:

1. Lower your volume control
2. Use system sounds (instead of Coin and Cash Register sounds)
3. Select longer interval, eg 30 secs