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You win some, you lose some!

The Inside Bar Momentum Strategy only caught a couple of trades for USD/JPY and GBP/JPY in the past few days as we are approaching the end of the month.

I’ll round up the performance of the basic version of this system for the quarter before implementing tweaks next month.

But if this is the first time you’re reading about this, I suggest you take a look at the system rules first.

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

USD/JPY had only one valid signal for the period, and I’ve zoomed in to the short-term time frames to see if stops or targets were hit first.

And I’m happy to say that this one turned out profitable!

usdjpy_ib.fw

Guppy also had just the one signal for the period, but it got stopped out on a quick pullback before price even showed any momentum in the trade’s direction.

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

gbpjpy_ib.fw

I’ll be rounding up the numbers on these mech system trades for the first quarter in the next few days before I come up with tweaks to be implemented next time.

I’m leaning towards a wider stop and having a trail, but I’m still open to other suggestions if you’ve got any!