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:
This pair had a short position left open from the earlier update, plus three new signals this week. Here’s how these turned out:
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:
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!
Roz has been engaged in the financial markets since 2017, specializing in Foreign Exchange, Before joining to FOREX IN WORLD she start to learn forex trading related information.