You win some, you lose some! Find out which pair fared better than the other and if this mech system still managed to end in the green for the week. Here are 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! Double-whammy for USD/JPY! In total, these amounted to a 49-pip gain and the percentage loss depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair also snagged two signals for the period, and here’s how these turned out:previous week’s pretty impressive rebound, putting the pair in positive territory for the month.
These amounted to a 64-pip overall gain for GBP/JPY, bringing the total for the system up to 15 for both pairs.
With that, it’s another positive week for the Inside Bar Momentum strategy, keeping it in the running for a positive Q4. ICYMI, check out this system’s performance for Q3 2017!