The currency pair GBP/JPY made a strong upward movement today and our STS_ATR_Distance_Indicator showed almost 200% movement for the day from the Daily ATR (6 period). The price was far from the Moving Averages on all Timeframes, and we loaded our STS_MA_Distance_Bot to open short positions on every M15 candle if the price was 15 or more pips away from 10 EMA. The Bot opened 6 short trades.
GBP/JPY is a volatile currency pair and the price quickly and sharply returns to the MA, especially if it coincides with a round hour - 16.00 GMT.
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