This mech system is off to a good start for Q2, as it caught a handful of profitable signals on both pairs I’m watching.
How many pips did it score?
USD/JPY was consolidating early in the week, before bearish momentum picked up later on.The pair was able to jump in a couple of short plays, both of which hit their full profit targets. Woot woot!
With that, USD/JPY was able to bag a total of 30 pips for the week:
Now here’s what went on with GBP/JPY:
This pair caught a long play at the very start of the week, but this had to be closed early when a new inside bar pattern formed.Another long signal followed, but the pair didn’t really gain any upside traction soon after. Because of that, this position got stopped out for a tiny loss.
The next signal turned out to be a short play that caught a small chunk of the selloff that followed and hit its profit target. Too bad it didn’t stay open for much longer!
Here’s how it all turned out:
With that, the Inside Bar Momentum Strategy ended up with a total of 63 pips in profits for the week.
The percentage win/loss depends on how position sizes are calculated.
See how the numbers added up for Q4 2020!