Both pairs I’m watching on this strategy caught their fair share of wins and losses.
Did the system end up positive overall?
If this is the first time you’re reading about this forex 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 on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
USD/JPY was rangebound for the first half of the week, but it still managed to catch a bunch of valid plays.
Fortunately, the next couple of plays made up for the loss when they scored back-to-back gains.
These were erased by the next two signals, though, leaving USD/JPY down by 1 pip for the week.
Now here’s what went on with GBP/JPY:
This pair caught a couple of valid signals for the week, with one snagging a loss and the other bagging a decent win.
Fortunately the winning position was able to make up for the losses and more.Here’s how it all turned out:
With that, the Inside Bar Momentum Strategy scored 13 pips on Guppy, bringing the total to 12 pips in gains for the week.
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021!