This strategy snagged a couple of losses and one win that managed to put it in the black for the week, but by how much?
USD/JPY had a couple of valid signals for the week, with the first one being a short play and the second being a long position.The short play actually dipped close to its profit target before pulling higher, eventually hitting the stop loss.
The long position also came within striking distance of its target before retreating. Ugh!
Fortunately the losses weren’t THAT big. Here’s the damage:
Now here’s what went on with GBP/JPY:This pair had only one valid signal for the week, just like last time.
Fortunately this sole position turned out to be a win!
With that, the Inside Bar Momentum Strategy is up by…
I know it ain’t much and it probably would’ve resulted in a tiny loss, given the pip spread in real-world conditions. But hey, at least it’s not a week deep in the red!
The percentage win/loss depends on how position sizes are calculated.
See how the numbers added up for Q4 2020!