It’s a split between winning and losing positions for this strategy in the past few days, but were the winners larger? 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:
This pair had a long position open from the previous update, but unfortunately it hit the stop loss before bullish momentum picked up.
The next position had to be closed early on a new inside bar pattern, which then generated the only winning play for the pair during the week. All in all, this yielded a 7-pip loss for USD/JPY.
And here are the inside bar signals for GBP/JPY:
This pair snagged three signals, with the first two scoring back-to-back gains.
In total, the strategy wound up with a 43-pip gain for the period, and the percentage P/L depends on how position sizes were calculated.