This mechanical trading system caught three valid plays in the previous week. Read on to see how these positions turned 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 just the one valid signal for the week, and here’s how it turned out:
USD/JPY enjoyed a bit of upside momentum after the long position was opened, but it wasn’t enough to make it to the target. It wasn’t long before price slid back to the relatively tight stop, yielding a 10-pip loss. The percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one had a couple of valid plays:
Ack! Back-to-back losses! This pair snagged a total of 43 pips in losses from these positions.All in all, the Inside Bar Momentum Strategy was able to end up with a 50-pip loss for the week, halting its five-week winning streak.