# GBPJPY 1H

Enters long position when closing price exceeds R2 level, setting SL and TP based on recent lows and price distance.

Canonical: https://prismaticalgos.com/compendium/algo/2369-gbpjpy-1h
Record ID: 2369
Catalog rank: 1716 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.prorealcode.com/topic/strategy-gbpjpy-1h/
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: GBPJPY
- timeframes: H1
- sessions: Not specified
- market_regime: any

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- Close > ppr2

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- Not specified.

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: lowest[6](Low[1])
- Take profit: Close + (3 * abs( Close - SL ))
- Position sizing: InitialCapital/1000