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It’s a mixed run for the pairs I’m watching on this trading system, but it still ended positive overall. 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

It had a long position left open from the previous update, but sadly this one was stopped out.

A couple of small losses followed, before the pair snagged back-to-back wins in hitting the full profit targets. Unfortunately, these weren’t enough to make up for the earlier losses, yielding a 21-pip loss for the week 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:

It’s another winning week for Guppy! It caught two wins this time, following through on the three wins the other week. This yielded 98 pips in gains for the pair, amounting to a total of 77 pips for the system.

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!