This Inside Bar Momentum Strategy 2.0 only caught a few trades recently and most of those positions had to be closed on early exit signals.
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:
Just a couple of signals this time! Zooming in to the short-term time frames helped me check if these were triggered and if any stops or targets were hit.
Bah, no more wins for USD/JPY This generated 34 pips in losses and the percentage gain depends on how position sizes were calculated.
And here are the inside bar signals for GBP/JPY:
The pair had only one signal and here’s how it turned out:
Finally a win for Guppy! This amounted to a 26-pip gain, which wasn’t really enough to keep the system in the green for the week but still caps off the pair’s losing streak.So it’s still a bit of a rough start for the pair this November after yielding an 85-pip loss in the previous month. I’m starting to worry that it might not be able to pull off such a good quarter at this rate. ICYMI, check out this system’s performance for Q3 2017!