This is the second part of this series in which I test an outside bar strategy found on the internet for free, on USD/JPY. In the first part I showed you the rules and then began testing the best time period of the day to take the trades.
I used a fixed 100 pip stop loss and take profit to start with. Unfortunately the results were far from tradable! Here’s the link to the first part if you haven’t seen it yet: Part 1
This time I look into those stop and take profit levels and then introduce a timed exit. Watch the video to find out how it works out..