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It’s another mixed week for this mech system as both pairs caught their fair share of wins and losses. Take a look at the latest plays.

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 five valid inside bar signals, and here’s how the positions turned out:

That’s three win and one loss for a total of 17 pips… not bad! The last position is still open and in the black 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 three valid inside bar signals, and here’s what happened:

The first position was able to score a win but these gains were erased by the loss on the second one, resulting to just a 4-pip gain for the pair. The last long position is still open.

This brings the system up by 21 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!