Caught a couple of wins with the Inside Bar Momentum Strategy this past week! I’ll round up the performance of the basic version of this system for the quarter before implementing tweaks next month. If this is the first time you’re reading about this, I suggest you take a look at the system rules first.
USD/JPY had a number of valid signals over the past few days, and I’ve zoomed in to the short-term time frames to see if stops or targets were hit first. Here’s a summary of the trades taken on this pair:
Guppy also had three signals for the period and it was able to rake in a couple of wins with those strong moves.
Looking back at the trades on USD/JPY, I noticed that a couple of those could’ve also ended hitting their profit targets had the stops been set wider. I’m kind of leaning towards adjusting it to 40% of the height of the first candle, which still offers a pretty decent 2:1 return-on-risk as the target is 80% of that same range. What do you guys think?