This strategy had another week of fewer than usual signals, but the latest positions saw all green.
Read on to see how many pips the system racked up!
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 had a couple of valid signals for the week, with both positions trying to catch bullish moves.
Thanks to these back-to-back 17-pip gain, USD/JPY made up for the other week’s consecutive losses:
Now here’s what went on with GBP/JPY:
This pair had only had one valid signal for the week, but it turned out to be a huge winner.
In fact, its gains were larger than the winning positions on USD/JPY combined!
With that, the Inside Bar Momentum Strategy was able to lock in a total of 79 pips, chalking up its third consecutive winning week. Woot woot!
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021.