It was a pretty busy week for this mechanical trading strategy as both pairs caught four signals each. Read on to see how the positions turned out.
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, check out the valid signals on USD/JPY:
This pair had four valid signals for the week, and here’s how the positions fared:
Two wins, one loss… That’s not so bad! This pair was able to rake in 30 pips in total from these positions. The last short signal is still waiting to see if it will hit the entry level, though.
Now here’s how Guppy is looking:
This pair actually formed a few more inside bar patterns, as you can probably pinpoint, but I’ve marked just the ones that had entries triggered.
Just like USD/JPY, this pair also caught two wins and one loss. This amounted to a total of 62 pips in gains.With that, this Inside Bar Momentum Strategy was able to recoup some of the other week’s losses with a 92-pip gain for the latest period. The percentage gain/loss depends on how position sizes were calculated.