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This system may have snagged more losing positions than winning ones lately, but a couple of big gains managed to save the day. Take a look!

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 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.

First up, here are the signals on USD/JPY:

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

A bunch of new signals for the week, and here’s how the positions turned out:

Ack, just one win and three losses! Summing up the pip results, however, shows that the full win of 66 pips managed to erase the losses and yield an overall 18-pip gain. The percentage P/L 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

Here’s how these signals turned out:

Just like USD/JPY, Guppy also snagged three losing positions and one big win. Its first short position managed to chalk up a 66-pip gain, also enough to make up for the consecutive losses and keep the system up by 26 pips for the period.

In total, the Inside Bar Momentum Strategy wound up with with a 44-pip gain for the week. Still not bad, eh?

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2018!