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No signals on Guppy? No problem! USD/JPY more than made up for it with three winning positions. See how many pips this system racked 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.

Here are the valid signals on USD/JPY:

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

As in the previous week, there were a few more inside bar patterns but only three were able to hit their entry levels. Here’s how those valid signals turned out:

That’s three for three on USD/JPY! Now here’s what happened on Guppy:

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

This one saw a few inside bar patterns, too, but there wasn’t much momentum enough to sustain moves in a particular direction.

With that, the system ended up with a decent 54-pip gain for the week on three winning USD/JPY positions. 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 Showcase!