Both pairs I’m watching on this mech system caught a handful of signals each, and most of these positions bagged wins.
See how many pips it locked in!
If this is the first time you’re reading about this forex 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.
USD/JPY started off with a steady climb for the first half of the week.
The pair was able to bank on the bullish momentum, as it caught three valid long signals during this time.
The first long play turned out to be a loss, but this was quickly made up for by the next couple of positions that caught profits.The last position was a short play before USD/JPY tumbled, also adding to the week’s set of wins.
The pair was able to close out with a 42-pip gain:
GBP/JPY was also off to a rally early in the week when it snagged two valid long signals.
Both of these turned out winners since bullish momentum was pretty strong at that time.
The pair topped out midweek then slid lower for the next few days, catching valid short plays then.
Unfortunately, the first bearish position wound up a loss when price pulled up before spiking lower.The next short play made up for this loss and more, allowing Guppy to end up with a nice 96-pip win:
This brings the Inside Bar Momentum Strategy 2.0 up by 138 pips for the week, making up for earlier losses.
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q3 2021.