Not too many trades for the Inside Bar Momentum Strategy 2.0, but the performance wasn’t too bad either. Check out the latest positions!
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.
Woot woot! Just the one signal but it hit the profit target and yielded a 48-pip win for the pair. The percentage gain depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
Guppy formed a couple more inside bar patterns than highlighted on the chart above, but I’ve only marked the ones that got triggered on their entries.
All in all, the system still snagged 15 pips for the period for both pairs, which ain’t so bad. One last week to go before the end of the third quarter, and I’m feeling as excited as a robot possibly can to start crunching the numbers.
Think the system can knock out a strong finish for this month and Q3? ICYMI, check out the system’s Q2 2017 performance.