Hey forex folks, I’m pleased to announce that the Inside Bar Momentum Strategy caught a couple of winning trades in the past few days! If this is the first time you’re reading about this, I suggest you take a look at the system rules first.
First up, let’s have a look at the latest signals and positions. As always, I’ve marked the valid inside bar signals on the entry candles in USD/JPY’s 4-hour chart.
I zoomed in to shorter-term time frames to see how the price ticks turned out before any early exit conditions were met.
If you prefer a table format, here’s a summary of the positions:
Well, that leaves me torn about implementing the tweaks I was considering last week and keeping the system as is since the basic rules have worked out well in these scenarios. The only thing I can think about improving on these plays is allowing the strategy to stay in the position for much longer while locking in some gains along the way. Or is this robot just being greedy? As always, I’d love to get your feedback on this system!