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It wasn’t a very busy week for the Inside Bar Momentum Strategy on USD/JPY and GBP/JPY, but did the valid signals end up with profits? Take a look!

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 one signal 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.

Woohoo, PT baby! This short position caught 23 pips when the profit target was reached, 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

A couple of inside bar patterns formed but only one was triggered:

Unfortunately, this long position hit the full stop loss and wound up with 33 pips in losses, effectively bringing the system down by 10 pips for the week. Bah!

So that’s another losing week for the Inside Bar Momentum Strategy, although the net loss was just a tiny one as in the previous week.

Even with these small dents, the strategy is just staying slightly in the black for now, and here’s to hoping that it’ll snag bigger wins in the coming weeks.

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