The Inside Bar Momentum Strategy only caught a few trades for USD/JPY and GBP/JPY in the past few days, but a couple of those hit their full profit targets! 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 two valid signals for the past week, 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 one turned out profitable!
Guppy had just the one signal for the period, which also hit its profit target. Woot woot!
Given the structure of the system’s entry and exit rules while assuming a constant risk percentage per position, the past few days would’ve chalked up really strong wins for the Inside Bar Momentum strategy.
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!