I’m seeing mixed results from the pairs I’m watching with this mechanical system. Take a look at the latest positions to see what I mean.
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 (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
First up, here are the signals on USD/JPY:
Zooming in to the short-term time frames allowed me to see if stops or targets were hit.
Three wins and three losses for this one! Rounding up the numbers shows that USD/JPY still managed to keep its head above water with a meager 3-pip gain. The percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Here’s how these signals turned out:
In total, this pair was able to bag 123 pips in gains for the first half of this month. Not bad, eh?
ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2018!