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I’m seeing a bit more green on this system these days as Guppy caught three in a row. Here’s how the numbers added up.

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

Just a couple of new signals for the week, plus the one remaining from the previous update, and here’s how the positions turned out:

While the first one racked up a small 16-pip win in hitting the full target, the next one dropped to its stop for a 12-pip loss. That’s still a net 4-pip gain for the pair, and 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:

Winner, winner, (and another winner), chicken dinner! This pair caught three consecutive big wins, amounting to a 74-pip gain for the week. In total, the Inside Bar Momentum Strategy was able to rake in 78 pips in wins.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showdown!