So far so good for my tweaked version of the Inside Bar Momentum Strategy as I’m seeing a couple of positive positions for USD/JPY. If this is the first time you’re reading about this, I suggest you take a look at the system rules first and its Q1 performance.
In my previous blog update, I ran a quick test of the adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY but noticed more improvements in the former. I mentioned that I’ll keep running these changes for a couple more months and making a comparison to the earlier version of the system so here goes:
There were a couple of inside bar formations that had triggered positions for USD/JPY and I zoomed in to the short-term time frames to check if the stops or targets had been hit. Here are the results for this pair:
GBP/JPY also had a couple of triggered positions for the week but both ended up hitting their stops.
As with my initial impression, the adjusted stops appear to be working out better for USD/JPY and not churning out as much improvements for GBP/JPY. Do you think I should keep the original version for Guppy instead? Stick with me as I keep forward-testing in the coming weeks!