Got a fair amount of valid signals on this mechanical trading system for the week, and I’m seeing more wins than losses. How many pips did it catch?
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 caught a couple of plays for the week, with the first position hitting its profit target and the second one getting stopped out.
Here’s how Guppy turned out:
This one had three valid signals, scoring two wins and one loss.
GBP/JPY wound up with a total of 15 pips in gains while USD/JPY caught one measly pip, bringing the total to 16 pips for the week.I know it ain’t much, but this still marks the Inside Bar Momentum Strategy’s EIGHTH consecutive winning week!