Mech System Replace: Inside Bar Momentum Technique 2.0 (Oct. 22 – 28)

This mech system caught a handful of legitimate alerts on each USD/JPY and GBP/JPY, scoring wins on most of them.

See what number of pips it racked up!

If that is the primary time you’re studying about this forex technique, I recommend you check out the system rules earlier than studying on.

Additionally, this model makes use of an adjusted stop loss measurement on each USD/JPY and GBP/JPY.

The dimensions of the stop loss was adjusted from the authentic 20% of the primary candlestick to 40% of its size.

USD/JPY caught one sign after one other across the center of the week, because the pair had a little bit of a rally.

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Foreign exchange Chart

The primary play loved some bullish momentum however needed to be closed early for a small achieve when a brand new inside bar sample shaped.

This turned out to be one other legitimate lengthy play, which then scored a reasonably first rate achieve when it reached the PT.

Sadly the following sign that adopted had a decent cease that was snagged earlier than promoting momentum picked up.

GBP/JPY had two legitimate alerts for the week, with the primary one catching some upside momentum and the second making an attempt to hop in on the selloff.

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Foreign exchange Chart

The lengthy place was capable of bag a reasonably good win, because the pair surged larger after the entry was triggered.

The quick play, alternatively, acquired stopped out earlier than bearish stress even got here in play.

This brings the Inside Bar Momentum Strategy 2.0 up by 31 pips for the week, including to last week’s gains.

That’s its fourth consecutive successful week yo!

The proportion win/loss relies on how position sizes are calculated.

ICYMI, see how the numbers added up for Q3 2021.

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