It wasn’t a very busy week for the Inside Bar Momentum Strategy on USD/JPY and GBP/JPY, but did the valid signals end up with profits? Take a look!
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 one signal for USD/JPY:
Woohoo, PT baby! This short position caught 23 pips when the profit target was reached, and the percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Unfortunately, this long position hit the full stop loss and wound up with 33 pips in losses, effectively bringing the system down by 10 pips for the week. Bah!So that’s another losing week for the Inside Bar Momentum Strategy, although the net loss was just a tiny one as in the previous week.
Even with these small dents, the strategy is just staying slightly in the black for now, and here’s to hoping that it’ll snag bigger wins in the coming weeks.