Mech System Replace: Inside Bar Momentum Technique 2.0 (Oct. 1 – 15)

Acquired a few weeks’ value of indicators on this replace, fellas!

See how this mech system fared in the course of the begin of Q3.

If that is the primary time you’re studying about this forex technique, I recommend you check out the system rules earlier than studying on.

Additionally, this model makes use of an adjusted stop loss dimension on each USD/JPY and GBP/JPY.

The dimensions of the stop loss was adjusted from the authentic 20% of the primary candlestick to 40% of its size.

USD/JPY had solely three legitimate indicators all through the primary couple of weeks of October.

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

A bunch of different inside bar patterns fashioned, however most of those didn’t get their entries triggered.

No hurt no foul, although! Despite the fact that the pair solely had a number of opened positions, these turned out fairly properly.

USD/JPY chalked up back-to-back features on its first performs, because the pair banked on sustained bullish momentum. The third place remains to be open and within the black.

Right here’s how the indicators fared:

GBP/JPY caught extra indicators in the course of the interval, opening seven positions all through the previous weeks.

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

The primary one was a brief place that was in a position to revenue from that fast dip decrease.

The following couple of performs churned out consecutive wins as properly, earlier than the pair snagged a 19-pip loss on the one which adopted.

Issues didn’t get any higher from there, as Guppy chalked up even bigger consecutive losses and erased most of its winnings.

Even with all these positions opened, the pair wound up with a meager 3-pip acquire:

This brings the Inside Bar Momentum Strategy 2.0 up by 19 pips for the week.

The proportion win/loss depends upon how position sizes are calculated.

Not the most effective of begins for this quarter, I do know!

ICYMI, see how the numbers added up for Q3 2021.

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