Babypips: Inside Bar Momentum Strategy

The strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!

Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.

Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site.

Strategy Overview

Inside Bar Momentum Strategy.

• Inside Bar Detection
  
• Position sizing based on stoploss distance (Note: Based on equity and assumes that the account currency is the counter currency.
  
• Stop buys for entries
  
• Takeprofit / Stoplosses for exits
  
• Control Stopbuy, Takeprofit and Stoploss targets with inputs
  
• Control Backtest start/end dates