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Just a couple of signals each for USD/JPY and GBP/JPY for the past week, but the results were mixed as one pair did much better than the other.

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, check out the valid signals on USD/JPY:

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

This pair had three valid signals for the week, with the remaining one from the other week not hitting its entry level.

Back-to-back wins, baby! The last short signal already has an open position but has yet to hit any of the exit levels. With that, USD/JPY is closing out with a 46-pip win.

Now here’s how Guppy is looking:

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

This pair had a couple of inside bar signals triggered, and zooming in to the short-term charts shows if those hit their entry or exit levels.

Womp, womp, womp… This pair didn’t fare so well as it hit the stops on both short positions, yielding a 56-pip loss for the week.

With that, this Inside Bar Momentum Strategy wound up with a 10-pip dent because of Guppy’s back-to-back losses. The percentage gain/loss depends on how position sizes were calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q4 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!