I’ve crunched the numbers on the Inside Bar Momentum Strategy 2.0 for Q1 2020. Did this mech system end up positive overall?
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.
Note that I’m assuming 1% risk per position in crunching the percentage gains and losses.
Here’s the tally for USD/JPY:
For this pair, the strategy bagged a jaw-dropping 17.72% gain or 596 pips, beating the 3.51% win in Q4 2019 and even the 15.30% profit for Q3.It also had an improved win rate of 64.52% versus the earlier 46.67% while also having a larger average win of 1.36% compared to its average loss of 0.87%.
A lot of the gains for the quarter were from the long winning streak of 10 trades that caught 16.32% in profits. Woot woot!
Here’s how Guppy turned out:
It was also a pretty good run for this pair!GBP/JPY was able to cop a total of 254 pips or 12.79% in gains, lower compared to the previous quarter’s 19.72% win. Still, it’s largest winning streak of five trades at 7.10% was able to outpace the max drawdown of 2.47%.
However, it’s win rate of 59.26% in Q1 2020 was lower compared to that of the previous period while its average win was also smaller than its average loss.