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This mech system snagged three valid signals each for USD/JPY and GBP/JPY, with both pairs showing similar results. Take a look!

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 formed a few more inside bars early on while consolidating, but new patterns were seen before any entry orders were filled. Here’s how the valid ones turned out:

Not bad!  A couple of full wins and one stopped out position for this pair, chalking up a total of 24 pips for USD/JPY.

Now here’s how Guppy is looking:

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

This pair also had a few inside bar patterns that didn’t get their entry orders filled in the first half of the week. The triggered ones are shown below:

Just like USD/JPY, Guppy scored two wins and one loss. These amounted to a 20-pip gain for the pair.

This brings the system up by 44 pips for the week, which is a decent rebound over the previous one’s performance. 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!