This mechanical strategy had a bunch of inside bar patterns on both pairs, but not all turned out to be valid signals. Read on to see what I mean!
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 plays for the week, and here’s how these turned out:
One win and one loss for this one! The first position was able to catch 17 pips, but the next one erased this and yielded a 1-pip loss in total. The percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one a bunch of inside bars early in the week, but most of these didn’t get their entries triggered. Here’s how the sole signal turned out:
Aha! At least this one was in the green!With these positions, GBP/JPY was able to bag a total of 76 pips for the week. All in all, the Inside Bar Momentum Strategy was able to end up with a 75-pip gain for the week, chalking up FIVE consecutive weekly wins!