Both pairs I’m watching on this system scored mostly wins, chalking up yet another good week before the year comes to a close.
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’s what went on with USD/JPY:
This pair had one valid inside bar signal for the week, and here’s how it turned out:
And that’s a 12-pip gain for the pair! Here’s what went down with GBP/JPY:
This pair had three valid signals for the week, and here’s how the positions turned out:
With that, the Inside Bar Momentum Strategy is up 66 pips for the week. The percentage win/loss depends on how position sizes are calculated.