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After a bit of a slow start with plenty of consolidation, USD/JPY snagged a mixed set while Guppy scored back-to-back wins. Check it out!

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

Just a couple of inside bar patterns that had their entry orders filled:

One small win and one small loss for this one! Fortunately the win was slightly larger than the loss… by a measly pip.

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 patterns that had their entries hit while the last one is still waiting to be opened.

Back-to-back wins, woot woot!

This pair snagged a total of 56 pips in gains from its winning positions. The last short signal is still waiting for its entry to be triggered, but it looks like momentum is going its way.

With that, this Inside Bar Momentum Strategy wound up with a 57-pip win, most of which came from Guppy. 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!