It’s another mixed run for this mechanical trading strategy as one pair snagged a decent win while the other chalked up a couple of losses.
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, check out the valid signals on USD/JPY:
This pair had just the one valid inside bar pattern whose entry order got filled. Here’s how it turned out:
Woot woot! It’s a win for USD/JPY! The pair hit its target fairly quickly as bullish momentum picked up after the position was opened.
A couple of valid signals for this one! Zooming in to the short-term time frames shows whether or not the entry or exit levels were hit.how position sizes were calculated.