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It’s kind of a mixed round for this mechanical system in the past week as it scored wins and losses on both pairs. Did it end up net positive?

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

This one caught three valid inside bar signals, and here’s how the positions turned out:

With one win and one loss, USD/JPY wound up with a 9-pip dent overall. The last position is still open and is looking good so far.

Here’s what’s going on with Guppy:

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

This pair had a couple of valid inside bar signals, and here’s what happened:

This pair also had its loss bigger than the win, amounting to a 17-pip loss for the week. In total, this brings the system down by 26 pips and 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!