Both pairs had a really good run in Q3, chalking up what might be one of their best quarters yet.
Here are the latest numbers.
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:
This pair caught 29 valid inside bar signals for the period, winning 22 positions or 75.86% of it all.
That’s quite a turnaround after its 40% win rate in Q2!
This added up to a total gain of 257 pips or a whopping 23.94% win, making up for its previous quarter loss and turning out much better than its 16.49% win Q1 at a 72.73% win rate.That’s mostly thanks to its 14-trade winning streak that bagged 19.85% in gains or majority of its profits for the period. This was waaay more than enough to erase its maximum drawdown of 3.00% over three consecutive losses.
Now here’s how GBP/JPY turned out:
Ha! Not too shabby for Guppy!
The pair caught 20 valid signals for the quarter, winning 12 plays or 60% of its positions.
This added up to a win of 197 pips or 9.42% for the quarter.Even though this is roughly half its gains in the previous period, its other metrics such as average win vs. average loss and maximum gain of 5.59% over a streak of five trades are still pretty good.
With that, the Inside Bar Momentum Strategy was able to end up with a 454-pip or 33.36% gain for Q3 2021.
That surpasses its already impressive 328-pip or 16.96% gain in Q2 and 22.98% win in Q1, adding up to a jaw-dropping 73.30% return so far this year!