Just a few signals on this mechanical trading system for the week! Did these turn out profitable or not? Here’s a quick update.
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 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.
First up, here are the signals on USD/JPY:
After a signal-free week last time, USD/JPY was able to catch a couple of signals. The first one had to be closed early on a new inside bar formation, though, and unfortunately both ended up in the red.
Now here’s what happened on Guppy:
Just the one position for this pair! Zooming in to the short-term charts shows if entries or exits were hit:
With that, the Inside Bar Momentum strategy snagged a 35-pip loss for Guppy and a 15-pip loss for USD/JPY, for a total of 50 pips in losses for the week. The percentage gain depends on how position sizes were calculated.