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Both pairs showed a number of inside bar patterns but only a few valid signals popped up. Did these catch any pips for USD/JPY or GBP/JPY?

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, here are the valid signals on USD/JPY:

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

Just a couple of signals for this pair! Zooming in to the short-term charts shows which exit levels were hit:

After last week’s sole losing position, this pair followed through with back-to-back losses. Ouch!

Now here’s how Guppy is looking:

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

This pair caught just had one valid signal for the week, and here’s how it turned out:

Not another losing trade?!

All these stopped out positions brought the system down by 60 pips in total. 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!