Mech System Replace: Inside Bar Momentum Technique 2.0 (Sept. 17 – 24)

It’s back-to-back profitable weeks for this technique, as each pairs scored wins even with only a few alerts.

What number of pips did the technique catch?

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 two legitimate alerts for the week.

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

The primary one was a bearish sign that was capable of hop in a fairly big selloff.

It’s simply too unhealthy that the revenue goal was simply shut by, so the place left a bunch of pips on the desk.

Nonetheless ain’t complanin’ about this play’s 15-pip achieve, although!

The subsequent one was a protracted sign that popped up proper in the midst of a rally. This was additionally capable of hit its revenue goal and rating even bigger beneficial properties.

With that, USD/JPY closed out with a 43-pip win for the week:

GBP/JPY had a brief place left open from the sooner replace, and sadly it needed to be closed early for a loss when a brand new inside bar sample got here up.

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

The pair was capable of catch one other legitimate brief sign earlier than the selloff picked up.

Thankfully this one bagged wins and made up for the sooner loss, leaving Guppy with a 28-pip achieve.

This brings the Inside Bar Momentum Strategy 2.0 up by 71 pips for the week, including to last week’s wins.

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

Only one extra week left earlier than I spherical up the efficiency for the quarter!

ICYMI, see how the numbers added up for Q2 2021.

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