One pair had a signal-free week while the other caught a couple of valid plays. Did the system end up in the green?
USD/JPY had a valid short order at the start of the week, but the pair didn’t gain much bearish momentum when the position was opened.Because of that, price soon hit the stop loss on the spike higher, resulting in a 21-pip loss.
The next valid signal opened a long position that eventually hit the profit target. However, the gains weren’t enough to make up for the earlier loss.
Here’s what happened:
Now here’s what went on with GBP/JPY:Nada! Just a bunch of inside bar patterns but no valid signals for this pair. With that, the Inside Bar Momentum Strategy ended up with a tiny 4-pip loss for the week.
The percentage win/loss depends on how position sizes are calculated.
See how the numbers added up for Q3 2020!