I’ve got two weeks’ worth of signals for you! Let me show you what happened to the five or so signals each pair had gotten in the last few days.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
For the most part, USD/JPY saw valid signals that were on the right side of the trade.Unfortunately, price was volatile enough that it hit the trades’ stop losses before hitting its profit levels.
For example, the first four trades that were positioned in the right direction only saw one winner.
Here’s how the positions turned out:
The missed opportunities and a few fakeouts near the end of the period helped drag USD/JPY 72 pips lower in the last two weeks.
Now here’s what went on with Guppy:The system had a strong start with back-to-back winning trades made during an upswing.
The next three signals weren’t as profitable as they showed up (and got stopped out) when GBP/JPY ranged near key inflection levels.
Here’s how it turned out:
Thanks to gain made from the first and second positions, Guppy was able to limit its losses to only 22 pips in the last few days.
All in all, the Inside Bar Momentum Strategy managed to lose a total of 94 pips from 11 valid trades on USD/JPY and GBP/JPY.
Keep in mind that the percentage win/loss depends on how position sizes are calculated.