This mech system caught fewer than usual signals for both USD/JPY and GBP/JPY in the past week. Did it still manage to catch some pips?
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 on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
First up, here’s what went on with USD/JPY:
This pair had a short position left open from the earlier update, plus three new signals this week. Here’s how these turned out:
It wasn’t exactly off to a good start as it snagged back-to-back losses, but the dents were minimal enough to be made up for by the consecutive wins.
Here’s what went down with GBP/JPY:
No new signals at all!With that, the Inside Bar Momentum Strategy is closing the week off with a 16-pip win on USD/JPY. Not so bad for a pretty quiet week, right?
The percentage win/loss depends on how position sizes are calculated.