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I’m seeing a few more wins than losses from this mech system lately! Here’s how the numbers stacked 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

Zooming in to the short-term time frames helped me check if the entry and exit levels were hit.

Following through on its impressive performance last week, USD/JPY was able to snag back-to-back wins this time! The last long signal is still waiting to get triggered, but these amounted to a 29-pip gain for the pair.

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 long signals, with the first two also hitting their full targets. The last one, unfortunately, hit its stop loss.

Even so, Guppy was able to stay in the black with a 23-pip gain for the week. All in all, this amounts to a 52-pip gain for the mechanical system, and the percentage gain 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!