The Inside Bar Momentum strategy snagged a bunch of signals for the past week, but did these end up profitable? Take a look at 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.
Ugh, it’s a triple-whammy for USD/JPY! All positions were stopped out, amounting to a total of 77 pips in losses, and the percentage P/L depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Two valid signals for this pair, with one hitting the stop and the other making its way to the target.
In total, the system racked up 81 pips in losses as yen pairs couldn’t seem to stay in a particular direction for the past few days. 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