It wasn’t exactly the best of runs for this mech system for the past week, but one win managed to make up for most of the tiny losses. Take a look!
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 three valid inside bar signals for the week, and here’s how these went:
Ack! USD/JPY snagged back-to-back losses, yielding a 20-pip dent for the pair. The last short position is still open for now.
Here’s what went down with GBP/JPY:
This pair also had three valid plays for the week, and here’s how these panned out:
Fortunately, the 24-pip win on the second position made up for the earlier losses.
Unfortunately, though, this still wasn’t enough to put the Inside Bar Momentum Strategy in the black for the week as it wound up with a total of 9 pips in losses.
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.