This strategy only had a few signals for the week, but it still managed to scrape by with a few pips. Take a look!
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
USD/JPY had a long position left open from the earlier update, and this was eventually able to score a full win.Another valid signal popped up later on, but the position was unfortunately stopped out as price spiked this way and that.
Thanks to the first win, though, the pair was able to close out with a decent 28-pip gain:
Now here’s what went on with GBP/JPY:This currency pair caught a couple of valid plays for the week.
The long play didn’t have enough bullish momentum going its way, so it eventually hit the stop loss.
Here’s what happened:
This means that the Inside Bar Momentum Strategy ended up with a 33-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!