It was another slow week for this mech system, even though it managed to catch a couple of wins on USD/JPY. Did it end up positive overall?
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 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.
First up, here’s what went on with USD/JPY:
This pair had four valid signals for the week, and here’s how these turned out:
Fortunately it locked in a few pips, even with an early exit on the third play, before chalking up another losing position.
Here’s what went down with GBP/JPY:
This pair caught had two valid plays for the week, and here’s what happened:
Guppy had quite the choppy run as it started with a climb but barely saw any strong momentum in the latter part of the week.
This pair wound up with a 77-pip loss while USD/JPY lost 11 pips, rounding up to an 88-pip dent for the Inside Bar Momentum Strategy.
The percentage win/loss depends on how position sizes are calculated.