Just a couple of signals each for USD/JPY and GBP/JPY for the past week, but the results were mixed as one pair did much better than the other.
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 three valid signals for the week, with the remaining one from the other week not hitting its entry level.
Back-to-back wins, baby! The last short signal already has an open position but has yet to hit any of the exit levels. With that, USD/JPY is closing out with a 46-pip win.
Now here’s how Guppy is looking:
This pair had a couple of inside bar signals triggered, and zooming in to the short-term charts shows if those hit their entry or exit levels.
Womp, womp, womp… This pair didn’t fare so well as it hit the stops on both short positions, yielding a 56-pip loss for the week.With that, this Inside Bar Momentum Strategy wound up with a 10-pip dent because of Guppy’s back-to-back losses. The percentage gain/loss depends on how position sizes were calculated.