Partner Center Find a Broker

After a shaky performance the other week, was this mechanical system able to make a comeback? Time to 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 pair had three valid plays during the week, and zooming in to the short-term time frames reveals which exit levels were hit.

Ack! All red for USD/JPY! These losses amounted to a 26-pip dent for the pair.

Here’s what’s going on with Guppy:

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

This pair also had three valid plays, and here’s how these turned out:

GBP/JPY had a good start as it scored a 25-pip win on its long position. However, this was followed by back-to-back stopped out plays, ultimately resulting in a 14-pip dent for the pair.

This brings the Inside Bar Momentum Strategy down by 40 pips for the week, adding up to the past couple of weeks’ losses. 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!