This mech system caught four valid signals over the past few days, but only turned out to be a win. Did it make up for the losses at least?
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:
Just when I thought USD/JPY was in for a signal-free week, a short position was opened later on. However, the stop was triggered before price could gain any downside momentum, snagging an 8-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:
The pair was off to a weak start as it had back-to-back losses before it eventually scored a full win on the last short play. Unfortunately this wasn’t enough to erase the losses as the pair wound up with a 31-pip loss.All in all, the Inside Bar Momentum Strategy was able to end up with a 39-pip loss for the week, chalking up consecutive losing weeks. Bah!