Back in the green, baby!
All signals from this system hit their profit targets this week. See how many pips it racked up!
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 two valid signals for the week.
The first one was a short play in the middle of an uptrend, but it managed to catch a few pips since the PT was just close by.
The next one was also a bearish position that was able to bag a few more gains, allowing USD/JPY to close out with a 16-pip win for the week.This makes up for its back-to-back losses last time!
GBP/JPY had just one valid signal for the week, but this was able to bag more pips than USD/JPY’s short plays combined.
It look a few bars before the entry order was triggered, but that sharp selloff quickly hit the pair’s profit target.
This gives Guppy a 26-pip gain:
This brings the Inside Bar Momentum Strategy 2.0 up by 42 pips for the week.
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q2 2021.