Banzai wrote: Wed Jun 24, 2020 9:29 am This is xard777 Inside Bar indicator
release date: 6/23/20
viewtopic.php?p=1295413231#p1295413231

Best time frame is Daily.
I modified it so it will work on H1, H4, and Daily.
Before, we can only use on H1 and H4.
--------------------------------------------------------------------------------------------
What's an Inside Bar?
It's a bar that is engulfed fully by the preceding candle high and low.

How do we trade?
We trade on the breakout.
go LONG above the preceding candle high
and go SHORT below the preceding candle low
but there's always a false breakout. So it's not a holy grail.

I like this indicator so I made a backtest on GBPJPY for May 2020.
------------------------------------------------------------------------------
I use Stochastic (14,3,3) cross to exit a trade.

April 30th, 2020, 186 pips max; a WIN
May 5th, 2020, 54 pips max; a WIN
May 7th, 2020; a LOSS; -10 pips max
May 8th, 2020; 69 pips max; a WIN
May 12th, 2020; 106 pips max; a WIN
May 14th, 2020; 40 pips max; a WIN
May 19th, 2020; 107 pips max; a WIN
May 20th, 2020; 8 pips max; a WIN
May 22nd, 2020; 54 pips max; a WIN
May 25th, 2020; 139 pips max; a WIN
May 27th, 2020; 37 pips max; a WIN
May 29th, 2020; 170 pips max; a WIN

Total: 970 winning pips for May 2020, GBPJPY
-10 losing pips