It was another rocky week for this system as pairs couldn’t stay in positions long enough to catch bigger moves. Take a look at the recent trades 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:
This pair snagged fewer than usual positions as some inside bar signals didn’t reach entry points.
Sadly, these positions were both stopped out. This yielded a 45-pip loss for USD/JPY during the period, and 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: