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A bit of a slow week for this mechanical system as a handful of inside bar patterns didn’t snag enough momentum to trigger entries.

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 didn’t actually have new signals these past few days, as the only position was from the other week and it had to be closed on a new inside bar pattern.

In fact, if you scan the chart above, you’ll probably see a few more inside bar formations whose entries had to be canceled on yet another inside bar pattern.

Here are the inside bar signals for GBP/JPY:

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

Also a handful of inside bar patterns but no valid signals! Bah!

With that, the Inside Bar Momentum Strategy sulked off with a 10-pip loss for the week, 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!