You win some, you lose some! This strategy seems to be off to a good start as it caught a couple of wins, but were those enough to make up for its loss?
But if this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.
Also, this tweaked version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
The system generated just the one inside bar signal for USD/JPY:
Zooming in to the short-term time frames helped me check if this was triggered and if any stops or targets were hit.
Aha, a win! This long position generated 13 pips in gains for USD/JPY and the percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair had three signals for the week, and here’s how these turned out:
All in all, these amounted to – wait for it – one measly pip for both pairs! Bah!
Still, that caps off another positive week for the Inside Bar Momentum strategy, which ain’t such a bad start for 2018. ICYMI, check out this system’s results for Q4 2017 and the brand new strategy I’m cookin’ up!