This mech system scored back-to-back wins on Guppy and FOUR consecutive ones on USD/JPY. Check out how many pips it scored in total.
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 five valid inside bar signals for the week. Even though the first one turned out to be a loss, the next positions made up for it and more.
This pair snagged a total of 65 pips from all these plays. Woot woot!
Here’s how Guppy is looking:
This pair had a short position left open from the earlier update, and it managed to drop all the way down to its target.
This was followed by yet another win, scoring a total of 77 pips for the pair.All in all, the Inside Bar Momentum Strategy was able to end up with a gain of 142 pips for the week. This marks its third consecutive positive week, with increasing gains throughout. The percentage gain/loss depends on how position sizes were calculated.