The Inside Bar Momentum strategy hit profit targets a couple of times in the past few days, but did it end up overall positive even with a few other losing positions? Take a look!
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.
Well, I guess you can’t win ’em all, huh? A couple of positions ended up in the red, although the last one had a measly 2-pip loss. This amounts to just a 6-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:
Also two valid signals for this one, but the first one was stopped out while the other hit the full PT.
In total, the system racked up 35 pips in gains even with a few choppy moves from both these pairs I’m watching. But if this strategy ain’t your cup of tea, you might wanna check out these other ones instead:
SMA Crossover Pullback System
Short-Term Bollinger Reversion
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update