This mech system caught a handful of valid signals on both USD/JPY and GBP/JPY over the past few days. See how these turned out!
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 (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
First up, here are the valid signals on USD/JPY:
This pair had four valid signals for the week, and here’s how these turned out:
All green, baby! This pair snagged a couple of early exits on new inside bar patterns, but fortunately these turned out wins as well.
With these four trades, USD/JPY was able to snag 34 pips for the week. The percentage gain/loss depends on how position sizes were calculated.
Here’s how Guppy is looking:
This one had three valid plays:
The pair was off to a weak start as its first long position hit its full stop, but it was able to make up for the loss and more with back-to-back winning plays. This allowed the pair to close off with a 19-pip win.All in all, the Inside Bar Momentum Strategy was able to end up with a 53-pip gain for the week, making up for last week’s losses.