This trading strategy just caught a few signals for USD/JPY and GBP/JPY but still managed to close out with decent wins.
Take a look at the latest plays!
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 on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
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 went:
The sole long position yielded a 23-pip win for the pair. Woot woot!
Here’s what went down with GBP/JPY:
This pair had two valid plays for the week, with the first one getting stopped out and the second scoring a full win.
With that, the Inside Bar Momentum Strategy is up by a decent 37 pips for the week.
The percentage win/loss depends on how position sizes are calculated.