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This mechanical strategy caught a fair amount of wins and losses for the week, but it was still able to end up with decent gains. Check it!

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 for the week, and here’s how these turned out:

Two wins, one loss? Not bad! Thanks to the larger wins, USD/JPY was still able to end up with a 33-pip gain overall. 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 more valid plays, and here’s how these turned out:

Ha! Still more wins than losses, too!

With these positions, GBP/JPY was able to bag a total of 73 pips for the week. All in all, the Inside Bar Momentum Strategy was able to end up with a 106-pip gain for the week, chalking up four 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!