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This mech system snagged fewer signals than usual with both pairs I’m watching, but it still managed to catch pips. Take a look!

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 just the one signal for the week, and here’s how it turned out:

Ack! It’s another loss on this pair from a sole position. Maybe Guppy is doing better?

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

This pair had a couple of valid plays during the week, and here’s how these turned out:

GBP/JPY struck a win with its first position, catching 30 pips on a long play. The second trade seemed to be going well as it came a few pips close to hitting its target again, but it fell short and is still currently open.

All in all, the Inside Bar Momentum Strategy was able to end up with a gain of 23 pips for the week. It’s just slightly higher than the earlier set of gains, but a win is a win! 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!