Ka-ching, ka-ching! Take a look at how the Inside Bar Momentum mechanical trading system bagged a few winning positions recently.
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! This pair scored three consecutive wins in hitting the full profit targets, chalking up a 65-pip gain for the week. The percentage P/L depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The first position wasn’t off to such a good start as it gained some bearish momentum but pulled up to the stop loss eventually. A trailing stop would’ve helped in this case!
If this strategy ain’t your cup of tea or if you’re looking for one that might be more appropriate for current market conditions, you may wanna check these out, too:
SMA Crossover Pullback System
Short-Term Bollinger Reversion
HLHB Trend-Catcher System
Happy Hunter Trading System
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