One pair had three consecutive losses while the other snagged back-to-back gains.
Did the strategy still manage to end up in the positive territory?
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 looked rangebound for the most part of the week, but it still managed to catch three valid signals.
The next position suffered the same fate, as it dipped 10 pips close to its PT before popping back up.
The last short play was even worse, as it came within 5 pips of its target before hitting the stop loss. Bah!
Now here’s what went on with GBP/JPY:
This pair caught only a couple of valid signals, but both turned out winners!
The first position saw enough downside on that spike lower to hit the target while the second signal was able to take advantage of bullish momentum.
Guppy was able to close out with a decent 44-pip gain:
With that, the Inside Bar Momentum Strategy ended up with a meager 7-pip gain for the week.
It’s not much, but it’s still an improvement over the previous week’s performance!
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021.