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One pair had a signal-free week while the other caught a couple of valid plays. Did the system end up in the green?

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 valid short order at the start of the week, but the pair didn’t gain much bearish momentum when the position was opened.

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

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:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

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!