This mech system caught more wins than losses for the week, racking up pretty huge wins on some positions as well. 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 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 four valid signals for the week, and here’s how these turned out:
Four wins on this one!
USD/JPY had strong bearish momentum on its side for the entire week, hitting the full profit targets on all its positions and catching a total of 265 pips.
Here’s what went down with GBP/JPY:
This pair caught two valid plays for the week. Here’s how these turned out:
With that, the Inside Bar Momentum Strategy is closing off with a 321-pip gain for the week, making up for the previous week’s losses.
The percentage win/loss depends on how position sizes are calculated.