Ka-ching, ka-ching! This forex strategy managed to win majority of its trades for the past few days, chalking up back-to-back positive weeks. Here are the latest positions.
But 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 tweaked version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
The system generated just the one inside bar signal for USD/JPY:
Zooming in to the short-term time frames helped me check if this was triggered and if any stops or targets were hit.
Winner winner, chicken dinner! This signal snagged 27 pips for the pair, and the percentage gain depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair also snagged four signals for the period, but the third one wasn’t triggered before another inside bar formed. Here’s how the opened positions turned out:double wins from the previous week.
These amounted to a 17-pip overall gain for GBP/JPY, bringing the total for the system up to 44 for both pairs.
With that, it’s another positive week for the Inside Bar Momentum strategy, keeping it in the running for a positive Q4. ICYMI, check out this system’s performance for Q3 2017!