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A bit of a rough start for the Inside Bar Momentum Strategy 2.0 this quarter as it lost all its positions on Guppy but scored some wins on USD/JPY. Check out the latest positions right here!

But 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 tweaked 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.

The system generated these inside bar signals for USD/JPY:

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

Zooming in to the short-term time frames helped me check if the signals were triggered and if any stops or targets were hit.

Four out of five for this pair? Not bad! These positions generated a total of 53 pips, but the percentage gain depends on how position sizes were calculated.

And here are the inside bar signals for GBP/JPY:

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

And here’s how these positions turned out:

Ack! All red! All three positions hit their full stop losses for a total of 69 pips in losses for Guppy.

All in all, the system lost 16 pips so far this October, which isn’t exactly the strong start I hoped for this Q4. Yen pairs have been off to a slow start after all as price action has been pushed and pulled by a number of factors like global bond yields, Fed rate hike expectations, and good ol’ risk sentiment.

Still, I’m positive that this mech strategy could pull off a better week (or weeks!) in this last stretch of 2017 as it has shown a history of making up for tiny losses with big wins eventually. ICYMI, check out this system’s performance for Q3 2017.