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Just a handful of new positions on this strategy in the past few days! Did these positions end up positive overall?

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 again, with the first one getting closed early on a new inside bar pattern.

The next position did make up for the loss by hitting its full PT for 28 pips, bringing the total for this pair at 22 pips. 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

Just the one signal for Guppy as other inside bar patterns didn’t gain enough momentum to hit their entry levels.

Sadly, this only position for the pair dropped down to hit its stop loss for a 29-pip dent. All in all, the strategy wound up with a 7-pip loss for the week.

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!