This strategy caught a mix of wins and losses on the pairs I’m watching, but did it end up net positive? Read on to find out!
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 two valid signals for the week, and here’s how these turned out:
USD/JPY had one loss and one win, and the former was smaller than the latter so it ended up with an 18-pip dent on the account.
Here’s what went down with GBP/JPY:
This pair caught three valid plays for the week. Here’s how these turned out:
With that, the Inside Bar Momentum Strategy is closing off with a 48-pip loss for the week, erasing some of the previous week’s gains.
The percentage win/loss depends on how position sizes are calculated.