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It’s a split between winning and losing positions for this strategy in the past few days, but were the winners larger? 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

This pair had a long position open from the previous update, but unfortunately it hit the stop loss before bullish momentum picked up.

The next position had to be closed early on a new inside bar pattern, which then generated the only winning play for the pair during the week. All in all, this yielded a 7-pip loss for USD/JPY.

And here are the inside bar signals for GBP/JPY:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

This pair snagged three signals, with the first two scoring back-to-back gains.

The last position was stopped out, but Guppy managed to scrape by with a 50-pip win for the week. Not bad!

In total, the strategy wound up with a 43-pip gain for the period, and the percentage P/L depends on how position sizes were calculated.

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!