One of the pairs I’m watching on this mech system caught four consecutive wins. Check out how many pips it locked in for the week!
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 a couple of valid signals for the week, and here’s how these turned out:
The first position actually came a few pips shy of hitting its profit target before sliding all the way down to trigger its stop instead. Bah!
This leaves the pair down 24 pips for the week, and the second position is still open for now. The percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one had four valid plays:
All green, baby! This pair scored one win after another throughout the week, bagging a total of 140 pips.All in all, the Inside Bar Momentum Strategy was able to end up with a 116-pip gain for the week, chalking up back-to-back weekly wins!