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This mech system had another mixed run as it caught a few wins but snagged a couple of losses. Did it end up positive overall?

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

This pair had four valid inside bar signals, and here’s how those turned out:

It was a rough start as the first position got stopped out before it gained enough momentum to hit the supposed target later on. The next three positions more than made up for it, though, as it caught some pips on an early exit then snagged back-to-back full wins!

Here’s how Guppy is looking:

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

Just the one position for this pair! And here’s how it turned out:

Ugh! That was a pretty big loss for Guppy as the short position lost 50 pips by hitting its stop loss. That erases part of the 58 pips in gains from USD/JPY and puts the system up by only 8 pips for the week. The percentage gain/loss 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!