One pair had a signal-free week while the other racked up more than the usual amount of signals.
Here’s how it all turned out.
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 caught four valid signals for the week, all of which were short positions.
Fortunately the last position turned out to be a winner, but the gains just made up for the earlier losses.
In other words, USD/JPY had a handful of trades but just wound up breakeven for the week. At least it ain’t in the red!
Now here’s what went on with GBP/JPY:
This pair formed a few inside bar patterns, but none of these had their entries triggered.
With that, the Inside Bar Momentum Strategy ended up with no gains or losses for the week. Maybe it just needed to pause from its consecutive winning weeks!
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021.