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It was another rocky week for this system as pairs couldn’t stay in positions long enough to catch bigger moves. Take a look at the recent trades to see what I mean.

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

This pair snagged fewer than usual positions as some inside bar signals didn’t reach entry points.

Sadly, these positions were both stopped out. This yielded a 45-pip loss for USD/JPY during the period, 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:

While this pair hit the full target on one of its positions, the win wasn’t enough to make up for the other losing trades. In the end, Guppy wound up with a 27-pip loss for the period, racking up a total of 72 pips in losses 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!