After a strong showing the other week, was this mech system able to follow through with another good run? Time to find 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, here are the valid signals on USD/JPY:
This pair had four valid signals for the week, and zooming in to the shorter-term time frames shows if the exit levels were hit:
USD/JPY was off to a rough start with a stopped out position, but the next three positions made up for the loss… and more! In total, this pair snagged 49 pips and the percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one had four valid setups, and here’s how these turned out:
Just like USD/JPY, this one was off to a rough start with a 19-pip loss but the three consecutive wins also made up for all that. With that, GBP/JPY ended up with a 55-pip gain. Woot woot!All in all, the Inside Bar Momentum Strategy was able to end up with a gain of 104 pips for the week, marking its FOURTH consecutive positive week.