This mech system snagged fewer signals than usual with both pairs I’m watching, but it still managed to catch pips. Take a look!
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 just the one signal for the week, and here’s how it turned out:
Ack! It’s another loss on this pair from a sole position. Maybe Guppy is doing better?
This pair had a couple of valid plays during the week, and here’s how these turned out:
GBP/JPY struck a win with its first position, catching 30 pips on a long play. The second trade seemed to be going well as it came a few pips close to hitting its target again, but it fell short and is still currently open.All in all, the Inside Bar Momentum Strategy was able to end up with a gain of 23 pips for the week. It’s just slightly higher than the earlier set of gains, but a win is a win! The percentage gain/loss depends on how position sizes were calculated.