It took a while but I’ve finally finished crunching the numbers on the Inside Bar Momentum Strategy 2.0 for Q2 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 an impressive 10.58% gain or 660 pips, lower compared to the earlier 17.72% gain in Q1 but still beating the 3.51% win in Q4 2019.
It held on to a pretty decent win rate of 61.54% and a larger average win of 1.30% compared to the average loss of 1.02%.Most of the gains for the quarter came from the stellar seven-trade winning streak that racked up 9.16% in gains during the latter half of April.
Here’s how Guppy turned out:
It was an even better run for this pair!
GBP/JPY was able to cop a total of 482 pips or 20.81% in gains, surpassing the Q1’s 254 pips or 12.79% in winnings, as well as Q4 2019’s 19.72% win.Just like USD/JPY, the gains were mostly from an impressive winning streak in April that scored 11.68% over six trades. Its average win of 1.46% is also way larger than its average loss of 0.76%, making for a good expectancy with its win rate of 67.86%.
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!