This mech strategy had a really stellar run in the past week as short-term momentum was in its favor. All green, baby!
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 short position left open in the earlier update, and this eventually had to be closed for a small win on a new inside bar pattern.
Check out how the rest of the plays turned out!
Winner winner, chicken dinner! The pair snagged one full win after another as short-term momentum picked up in the direction of the inside bar signals.
With that, USD/JPY was able to lock in a whopping 166 pips in gains for the week. The percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one had two valid plays, which also churned out wins:
Even though GBP/JPY had fewer trades compared to USD/JPY, it still managed to lock in a total of 148 pips for the week. Not bad at all!All in all, the Inside Bar Momentum Strategy was able to end up with a 314-pip gain for the week, chalking up three consecutive weekly wins!