This mech system had one of its stronger runs lately as profit targets were hit left and right. Here’s how it all added up!
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
USD/JPY had just one valid signal for the week as the pair formed an inside bar pattern in the middle of a sharp selloff.Price went on to gain downside momentum and eventually hit the profit target on the sole position.
With that, USD/JPY ended up with a 33-pip gain for the week.
Now here’s what went on with GBP/JPY:This pair caught more signals than USD/JPY, and most turned out to be winners except for the second position.
Here’s what happened:
This means that the Inside Bar Momentum Strategy ended up with a 122-pip gain for the week. The percentage win/loss depends on how position sizes are calculated.
ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2020!