It wasn’t the best of weeks for Guppy, but USD/JPY made up for it as it scored three big wins. Were those enough to keep the system in the green, though?
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.
The first position which was opened from last week’s pending signal didn’t turn out so well as it hit the full stop loss, but the next three positions all hit their profit targets. Bam!
In total, this pair ended up with a 67-pip gain 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 pending signal from the previous week wasn’t triggered. Only a couple of positions were opened, and both wound up in the red:
So much for those back-to-back winning weeks for the Inside Bar Momentum Strategy, too. Then again, the strategy is just staying slightly in the black for now, and here’s to hoping that it’ll snag bigger wins in the coming weeks.