This system may have snagged more losing positions than winning ones lately, but a couple of big gains managed to save the day. Take a look!
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:
A bunch of new signals for the week, and here’s how the positions turned out:
Ack, just one win and three losses! Summing up the pip results, however, shows that the full win of 66 pips managed to erase the losses and yield an overall 18-pip gain. The percentage P/L 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, the Inside Bar Momentum Strategy wound up with with a 44-pip gain for the week. Still not bad, eh?
ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2018!