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You win some, you lose some! This strategy caught its fair share of greens and reds, but did the wins outweigh the losses this time?

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 more than it’s usual share of positions for the week, but it was quite the shaky start on back-to-back losses.

Fortunately the next couple of positions turned out to be consecutive winners, netting 14 pips in gains for the pair overall. Now here are the signals on Guppy:

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

Just a couple of positions on this one, and zooming in to the short-term charts shows if entries or exits were hit:

Ack! This one ended up with back-to-back full losses with no winning positions to save the day. GBP/JPY sulked off with a relatively large 70-pip dent for the week.

With that, the Inside Bar Momentum strategy is down 56 pips 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 Q3 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showdown!