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It was a mixed run for this trading system as it caught a couple of wins and snagged one loss. Here’s how it all added up.

If this is the first time you’re reading about this forex 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.

USD/JPY had two valid inside bar signals for the week. The first one took a while to have its entry triggered, but it managed to catch a nice 19-pip gain.

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

The second position is still open and in the black so far. Keeping my robot fingers crossed that the pair won’t slide back to the stop loss!

Here’s how it’s looking so far:

Now here’s what went on with GBP/JPY:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

This pair also caught a couple of valid signals for the week.

The first short play enjoyed enough bearish momentum to hit the full target and score a 26-pip gain. The second one didn’t really have much downside, so it wound up hitting the stop loss.

Here’s what happened:

With that, Guppy closed out with an 8-pip loss.

This means that the Inside Bar Momentum Strategy ended up with a measly 11-pip gain for the week. The percentage win/loss depends on how position sizes are calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2020!