It was kind of a mixed bag once more for this mechanical trading system as it caught three wins and a few losses. How did the bottom line turn out?
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 just these inside bar signals for USD/JPY:
Zooming in to the short-term time frames helped me check if this was triggered and if any stops or targets were hit.
It snagged three losses, with one hitting the full stop loss and a couple getting closed in the red when new inside bars formed. However, one hit the full profit target for a 30-pip win. The last signal hasn’t been triggered yet.
In total, this pair ended up with a 32-pip loss for the past few days and the percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair had four signals for the week, with the last one still to get triggered, and here’s how the positions turned out:
This adds up to a 24-pip win for the mech system in the past few days. Not bad! That’s back-to-back winning weeks so far this year for the Inside Bar Momentum Strategy, too.