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This mech system caught four valid signals over the past few days, but only turned out to be a win. Did it make up for the losses at least?

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 ChartUSD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

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

Just when I thought USD/JPY was in for a signal-free week, a short position was opened later on. However, the stop was triggered before price could gain any downside momentum, snagging an 8-pip loss. 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 a couple of valid plays:

The pair was off to a weak start as it had back-to-back losses before it eventually scored a full win on the last short play. Unfortunately this wasn’t enough to erase the losses as the pair wound up with a 31-pip loss.

All in all, the Inside Bar Momentum Strategy was able to end up with a 39-pip loss for the week, chalking up consecutive losing weeks. Bah!

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!