I have been following Robopip’s blog updates on his Inside Bar Momentum Strategy for about two months now, and I’ve just finished going through every single entry he wrote since the inception of the strategy. For those who don’t know what I am talking about, click this link (although he now uses a 40% stoploss (EDIT: size in pips relative to the entry setup, not position sizing), not 20% as mentioned in the article).
The strategy looks solid and straight up profitable. This is assuming he is not somehow faking the results, but since there is no discretion in the rules and since he shows every valid signal for the week, I don’t really see how that could realistically be faked. Despite that, I see no one trying it out, backtesting it or forward testing it here on the forum. Why is that? Do you guys see something I am not seeing, or perhaps you just didn’t know about it?
Since we all have a bunch more time on our hands, I wanted to write this thread for two reasons. First of all, I would like to gather your opinion on the strategy itself. And then I want to try to forward test it here, sharing the weekly results in this thread (hopefully I’ll keep up).
An important note: Robopip doesn’t use New York Close. His 4h candles close at 4 AM in GMT+8. I will be using this data feed to take trades to make sure I am as close as possible to him.