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Both pairs I’m watching chalked up big moves, but was this mechanical system able to profit from those? Here are the latest positions.

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 again for this one, just like last week. Fortunately the win was larger than the loss by 10 pips. It’s not a lot, but I’ll take it!

Now here’s how Guppy is looking:

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

This pair had a valid inside bar signal from the previous week that’s included in this set. Sadly, that turned out to be a loss but was followed by back-to-back wins.

The last long position also hit its full stop loss. In total, this pair wound up with a 23-pip loss for the week.

This brings the system down by 13 pips for the week as the losses on Guppy erased the tiny gain on USD/JPY. 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!