Snagged only three signals for the Inside Bar Momentum Strategy for the past few days but you’re not gonna believe how it all turned out. Take a look!
But 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 inside bar signals for USD/JPY in the past few days:
Zooming in to the short-term time frames helped me check if this signal was triggered and if any stops or targets were hit.
Ha! The only signal for USD/JPY quickly hit its profit target and scored 20 pips. Of course the percentage gain depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Just a couple of valid signals for Guppy and here’s how these turned out:
I haven’t seen a week with better performance for this Inside Bar Momentum strategy as it usually trips on around half of its positions when price action tosses back and forth.
With that, I’m looking forward to crunching the numbers on this system for the quarter since it looks like the system has been able to catch more winners than losers over the past weeks. ICYMI, check out the system’s Q2 2017 performance!