This strategy caught fewer than usual signals, but all the positions turned out to be winners. Check out the total gains on this one!
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 two valid signals for the week, and here’s how these turned out:
Back-to-back wins, baby!
USD/JPY had strong bullish momentum going for it the entire week, hitting the full profit targets on both its positions and catching a total of 138 pips.
Here’s what went down with GBP/JPY:
This pair caught just one valid play for the week. Here’s how it turned out:
Guppy’s sole position also caught a big win of 137 pips. Woot woot!
With that, the Inside Bar Momentum Strategy is closing off with a 275-pip gain for the week, slightly lower than the earlier week’s wins but still a pretty good run.
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.