This was probably one of the best weeks for the Inside Bar Momentum Strategy as the pairs I’m watching made big moves lately. Check out the latest positions!
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 these signals for USD/JPY:
Zooming in to the short-term time frames helped me check if these were triggered and if any stops or targets were hit.
Winner winner, chicken dinner! Even though this pair snagged the stop loss on the first short position, it made up for the loss and more with back-to-back full wins.
This amounts to a 76-pip win for USD/JPY, and the percentage P/L depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Three valid signals for this pair, too! As you’ve probably noticed, there were a bunch of other inside bar patterns that formed, but I didn’t mark those because the entries weren’t triggered.
Ha! Two out of three, with a big win to start!
The first position caught a whopping 155-pip gain, followed by a 52-pip win on the next. The last position didn’t fare as well, though, as it wound up hitting the stop for a 42-pip loss.Still, Guppy followed through on its previous week win with a 165-pip gain this time. That’s a 241-pip win for the Inside Bar Momentum Strategy for the week yo!
Think the system can beat its results for Q4 2017?