It’s another mixed run for both pairs in this mechanical trading strategy, but did they manage to scrape by with some profits like before?
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 valid signals on USD/JPY:
This pair had three valid plays during the week, and zooming in to the short-term time frames reveals which exit levels were hit.
USD/JPY scored a couple of wins for the week, yielding a measly 6-pip gain in total.
Here’s what’s going on with Guppy:
This pair also had three valid plays, and here’s how these turned out:
D’oh! After a positive start, GBP/JPY snagged back-to-back losses that were large enough to net a 39-pip loss for the pair.This brings the Inside Bar Momentum Strategy down by 33 pips for the week, adding up to the other week’s losses. The percentage gain/loss depends on how position sizes were calculated.