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It was kind of a mixed bag once more for this mechanical trading system as it caught three wins and a few losses. How did the bottom line turn out?

But if this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.

Also, this tweaked version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.

The system generated just these inside bar signals for USD/JPY:

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

Zooming in to the short-term time frames helped me check if this was triggered and if any stops or targets were hit.

It snagged three losses, with one hitting the full stop loss and a couple getting closed in the red when new inside bars formed. However, one hit the full profit target for a 30-pip win. The last signal hasn’t been triggered yet.

In total, this pair ended up with a 32-pip loss for the past few days and the percentage win depends on how position sizes were calculated.

And here are the inside bar signals for GBP/JPY:

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

The pair had four signals for the week, with the last one still to get triggered, and here’s how the positions turned out:

Two wins and two losses for Guppy! Two positions hit their full targets, more than making up for the losses and churning out a total of 56 pips for the pair.

This adds up to a 24-pip win for the mech system in the past few days. Not bad! That’s back-to-back winning weeks so far this year for the Inside Bar Momentum Strategy, too.

ICYMI, check out this system’s results for Q4 2017 and the brand new strategy I’m cookin’ up!