My apologies for not being able to update this system over the past few weeks, but I’ve been busy scanning past signals for potential tweaks. For now, here’s a rundown of the latest ones based on the current version.
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 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.
There were plenty of valid inside bar signals on USD/JPY that resulted in a somewhat even split of wins and losses.
Zooming in to the short-term time frames allowed me to see if stops or targets were hit.
The strategy was off to a pretty good start with a couple of back-to-back positions hitting their targets. However, these gains were mostly erased by that four-trade losing streak in mid-June before two more wins saved the day somewhat.
In case you’re wondering, this pair wound up with a 2-pip dent for the period even with all that activity. The percentage win depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Here’s how these three signals turned out:
All in all, this leaves the system total to 173 pips, which ain’t so bad for a three-week run. 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
Cowabunga System Daily Update