Both pairs saw pretty decent momentum in the past few days, so was the strategy able to add more pips before the quarter ended?
Read on to find 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 was consolidating during the first half of the week, before bullish momentum picked up later on.
There were a couple of inside bar patterns here and there, but unfortunately (or fortunately?) this pair didn’t catch any valid signals.
GBP/JPY enjoyed plenty of downside momentum early in the week then caught a valid short signal before price bottomed out.
Sellers stayed in the game after the bearish position was opened, allowing Guppy to drop all the way down to its full target.
Here’s how it turned out:
Guppy was able to follow through on last week’s win by adding a 71-pip gain this time.
The percentage win/loss depends on how position sizes are calculated.
With that, the Inside Bar Momentum Strategy 2.0 was able to cap off Q2 2021 with another positive week!
I’ll be crunching the numbers for the quarter in a bit but, ICYMI, see how the numbers added up for Q1 2021.