It was a mixed run for this trading system as it caught a couple of wins and snagged one loss. 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 two valid inside bar signals for the week. The first one took a while to have its entry triggered, but it managed to catch a nice 19-pip gain.The second position is still open and in the black so far. Keeping my robot fingers crossed that the pair won’t slide back to the stop loss!
Here’s how it’s looking so far:
Now here’s what went on with GBP/JPY:This pair also caught a couple of valid signals for the week.
Here’s what happened:
This means that the Inside Bar Momentum Strategy ended up with a measly 11-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!