It was a pretty slow week for this mech system, as one pair had a signal-free run.
Did the other catch gains, though?
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 had a few inside bar patterns, but none of these got their entries triggered.
Too bad the pair was unable to follow through on its positive performance from the other week!
Now here’s what went on with GBP/JPY:
Price upside momentum following the first long position, allowing it to hit the full profit target.
However, the next long play didn’t fare as well since price dipped to its stop loss before gaining bullish traction.
The win was larger than the loss, though, so Guppy still managed to close out in the black.
With that, the Inside Bar Momentum Strategy returned to positive territory with a small 12-pip gain for the week.
The percentage win/loss depends on how position sizes are calculated.
See how the numbers added up for Q4 2020!