One pair kept up its winning streak while the other chalked up back-to-back losses. Here are the latest positions from this mech system.
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:
Yep, just the one signal! Zooming in to the short-term time frames helped me check if this was triggered and if any stops or targets were hit.
Woot woot, another win for USD/JPY! This generated 33 pips and the percentage gain depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Here’s how these positions turned out:
Another double whammy for Guppy! These positions hit their stops for a total of 42 pips in losses for the pair or an overall 9-pip dent for the system for both pairs.This places the Inside Bar Momentum Strategy 2.0 down by 85 pips so far this month as yen pairs don’t seem to be sustaining big moves, at least on the short-term time frames.
In addition, the pound is in the middle of a tug-o-war between rising U.K. inflation and Brexit concerns, which is probably why Guppy keeps tossing and turning.
On the other hand, USD/JPY has been chalking up one positive week after another, so I’m still hopeful that the system can eventually pull off a good finish, if not for the month, then probably for the quarter. ICYMI, check out this system’s performance for Q3 2017.