Mech System Update: Inside Bar Momentum Strategy 2.0 (Feb. 14 – 20)

This mech system caught fewer than usual signals for both USD/JPY and GBP/JPY in the past week. Did it still manage to catch some pips?

If this is the first time you’re reading about this 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.

First up, here’s what went on with USD/JPY:

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

This pair had a short position left open from the earlier update, plus three new signals this week. Here’s how these turned out:

Mech System Update: Inside Bar Momentum Strategy 2.0 (Feb. 14 – 20)

It wasn’t exactly off to a good start as it snagged back-to-back losses, but the dents were minimal enough to be made up for by the consecutive wins.

Here’s what went down with GBP/JPY:

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

No new signals at all!

With that, the Inside Bar Momentum Strategy is closing the week off with a 16-pip win on USD/JPY. Not so bad for a pretty quiet week, right?

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

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q4 2019 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!

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