You win some, you lose some. Check out how the latest set of signals fared for the Inside Bar Momentum Strategy 2.0!
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 three inside bar signals for USD/JPY in the past few days:
Zooming in to the short-term time frames helped me check if the signals were triggered and if any stops or targets were hit.
Kind of a mixed bag on this one… A couple of signals ended up in the red, with one getting closed out on a new inside bar formation and the other one hitting its stop loss. Fortunately the second signal was able to catch some gains even though it was also closed on a new inside bar.
In terms of pips, the past few days yielded a 19-pip loss. Of course the percentage loss 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:
All in all, the past few days were still net positive for the system for both pairs, erasing part of the declines seen in the previous week but still short of the strong performance seen much earlier.
With August coming to a close, we’re down to the last stretch for Q3 and looking at a potential pickup in market volatility since summer is over. Hopefully we do see bigger wins making up for tiny losses from here! ICYMI, check out the system’s Q2 2017 performance.