After a bit of a slow run the other week, this mechanical trading system was able to catch more signals and more wins. Check it out!
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 three valid signals for the week, and here’s how these turned out:
It wasn’t exactly off to a good start as it snagged a small loss on an early exit, but the next couple of short plays made up for it.
Here’s what went down with GBP/JPY:
This pair also caught three valid plays for the week. Here’s how these turned out:
Aha! Three for three on Guppy!With that, the Inside Bar Momentum Strategy is closing off with a 31-pip win on USD/JPY and an 81-pip gain on GBP/JPY. That’s a total of 112 pips for the week!
The percentage win/loss depends on how position sizes are calculated.