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This strategy had another solid run in the past week, scoring three winning positions on the pairs I’m watching. How many pips did it catch?

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 signals for the week, and zooming in to the shorter-term time frames shows if the exit levels were hit:

USD/JPY was off to a rough start with a stopped out position, but the next couple of positions made up for the loss. In total, this pair snagged 7 pips and the percentage gain/loss depends on how position sizes were calculated.

Here’s how Guppy is looking:

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

This one had just one valid setup, and here’s how it turned out:

Woohoo, another win for this pair! This long position was able to bag 33 pips for GBP/JPY.

All in all, the Inside Bar Momentum Strategy was able to end up with a gain of 40 pips for the week, marking its FIFTH consecutive positive week.

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!