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Just one signal each for USD/JPY and GBP/JPY with this strategy lately. Both turned out to be winners, and here’s how many pips they racked up.

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 the one valid inside bar signal, and here’s how it turned out:

Thanks to this winning position, USD/JPY ended up with 17 pips for the week. Now here’s how Guppy is looking:

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

This pair also had one valid signal, and here’s how it went:

This short play yielded 37 pips for GBP/JPY, bringing the system total to 54 pips for the week, and the percentage gain/loss depends on how position sizes were calculated.  That’s a pretty nice follow-through on last week’s 120-pip win, even as both pairs saw choppiness earlier on.

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!