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This mech strategy had a really stellar run in the past week as short-term momentum was in its favor. All green, baby!

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 a short position left open in the earlier update, and this eventually had to be closed for a small win on a new inside bar pattern.

Check out how the rest of the plays turned out!

Winner winner, chicken dinner! The pair snagged one full win after another as short-term momentum picked up in the direction of the inside bar signals.

With that, USD/JPY was able to lock in a whopping 166 pips in gains for the week. 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 two valid plays, which also churned out wins:

Even though GBP/JPY had fewer trades compared to USD/JPY, it still managed to lock in a total of 148 pips for the week. Not bad at all!

All in all, the Inside Bar Momentum Strategy was able to end up with a 314-pip gain for the week, chalking up three consecutive weekly wins!

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2019 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!