Take a look at the latest plays!
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 one valid inside bar signal for the week, and here’s how it went:
The sole long position yielded a 23-pip win for the pair. Woot woot!
Here’s what went down with GBP/JPY:
This pair had two valid plays for the week, with the first one getting stopped out and the second scoring a full win.
Fortunately, the 36-pip win on the second position made up for the earlier 22-pip loss.
With that, the Inside Bar Momentum Strategy is up by a decent 37 pips for the week.
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.