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?
USD/JPY looked rangebound for the most part of the week, but it still managed to catch three valid signals.The first one was a long position that came up short of its target before reversing course and hitting the stop.
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.