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It took a while but I’ve finally finished crunching the numbers on the Inside Bar Momentum Strategy 2.0 for Q3 2020. Take a look!

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 decent 5.32% gain or 79 pips, lower compared to the previous quarter’s 10.58% gain or 660 pips and the much earlier 17.72% gain in Q1.

Its win rate was also notably lower at 48.39% versus Q2’s 61.54% but its average win improved to 1.42% from the earlier 1.30%. The average loss is still at 1.00% since most of the losing plays hit the full stop losses.

The maximum winning streak of 7.21% in mid-July is still pretty impressive, although most of these gains were erased by a six-trade losing streak in late August.

Here’s how GBP/JPY turned out:

Ack, it looks like a weaker run for this pair!

Guppy was able to bag a total of 74 pips or 1.61%, which is a decent gain but peanuts in comparison to the previous period’s 482 pips or 20.81% in winnings.

Even though it scored fewer wins than losses at a win rate of 44.83%, it’s worth noting that the average win of 1.34% is larger than the average loss of 0.99%.

Still, its big gains over a three-trade winning streak were lost to a five-trade losing streak that snagged a max drawdown of 5.25%.

Think this strategy can keep up its impressive performance for yet another quarter? Better stay tuned to my next system blog posts to find out!