Even with ongoing trends, it was a quiet week for this mech system since it caught only one valid signal.
How did it turn out?
USD/JPY was trending higher for the entire week, but it didn’t really catch any valid signals.There were a few inside bar patterns that formed, but these were mostly short signals whose entries didn’t get triggered.
Now here’s what went on with GBP/JPY:
This pair was also trending higher throughout the week, and it was able to catch a valid trade signal early on.Unfortunately this was a short position that dipped close to its profit target before resuming the uptrend. Bah!
Here’s how it turned out:
With that, the Inside Bar Momentum Strategy stayed in the red zone, snagging a 33-pip dent on Guppy for the week.
The percentage win/loss depends on how position sizes are calculated.
See how the numbers added up for Q4 2020!