Things are looking slightly better for this trading system as it caught a few more wins than it did the other week. Take a look at these gains!
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 was moving mostly sideways for the week, but it still formed a couple of inside bar patterns that generated valid signals.The first signal was for a long position, and price did manage to gain some upside momentum after entry. The next one was a short play that also saw some follow-through.
Here’s how those positions turned out:
Back-to-back wins, baby!
Both positions were able to hit their full targets, racking up a total of 35 pips for USD/JPY.
Now here’s what went on with Guppy:
This one managed to catch three valid plays for the week, with the first couple of long positions not gaining much upside momentum.
The last signal seems to have fared better, though. Here are numbers:
Yep, losses on the first two signals! Ouch!Fortunately, the last position was able to score a pretty decent win of 30 pips, making up for the earlier losses. Guppy was able to finish the week with a meager 4-pip gain.
This leaves the Inside Bar Momentum strategy up by 39 pips for the week. The percentage win/loss depends on how position sizes are calculated.