August 27, 2021

Mech System Update: Inside Bar Momentum Strategy 2.0 (Aug. 20 – 27)

 USD/JPY and GBP/JPY caught two valid signals each this week, and one pair extended its winning streak.

See how it all added 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 moved sideways for the entire week, but it still managed to catch a couple of valid inside bar signals.

The first position was a bullish one that caught a pretty strong bounce but wasn’t able to stay open very long.

The next position was a bearish one that also hit its PT quickly, racking up an additional 11 pips.

This brings USD/JPY up by 19 pips for the week:

GBP/JPY had a bit of an uptrend going on, but it also caught one long and one short position.

The first signal fared pretty well, as it caught a bit of the rally. The initial candle was a bit short, so the profit target was just close by.

The next play was a short position that gained a bit of downside traction at first but wound up hitting its SL when the rally resumed.

This brings the Inside Bar Momentum Strategy 2.0 up by 20 pips for the week.

I know it ain’t much, but it’s the system’s SEVENTH consecutive winning week!

The percentage win/loss depends on how position sizes are calculated.