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It’s more of a mixed bag for this mech system this time as one pair caught another set of wins while the other chalked up mostly losses.

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 pair had four valid plays during the week, and zooming in to the short-term time frames reveals which exit levels were hit.

Ack! After scoring three wins last time, USD/JPY had three losses in the past few days. Fortunately the win on the first position was able to make up for most of those.

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 plays, and here’s how these turned out:

Back-to-back wins, baby!

Guppy scored a total of 67 pips while USD/JPY lost 6 pips, for a total of 61 pips for the week. The percentage gain/loss depends on how position sizes were calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q1 2019 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!