It looks like this mechanical trading system was able to score yet another set of wins to chalk up its seventh consecutive positive week! Here are the latest plays.
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 four valid signals for the week, and here’s how these turned out:
It was off to a rough start, with the first position getting stopped out. The next positions churned out back-to-back wins while the last one is still open. These yielded a total of 23 pips in gains, and the percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This pair had an open position from the previous update that eventually got stopped out. Fortunately, the next three plays caught relatively big wins.
Winner winner, chicken dinner! Guppy was able to bag a total of 75 pips for the week, thanks mostly to the 66-pip gain on the last long position.With that, the Inside Bar Momentum Strategy was able to catch a 98-pip win this time. That’s its SEVENTH consecutive winning week!