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This mechanical strategy had a bunch of inside bar patterns on both pairs, but not all turned out to be valid signals. Read on to see what I mean!

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 couple of valid plays for the week, and here’s how these turned out:

One win and one loss for this one! The first position was able to catch 17 pips, but the next one erased this and yielded a 1-pip loss in total. 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 a bunch of inside bars early in the week, but most of these didn’t get their entries triggered. Here’s how the sole signal turned out:

Aha! At least this one was in the green!

With these positions, GBP/JPY was able to bag a total of 76 pips for the week. All in all, the Inside Bar Momentum Strategy was able to end up with a 75-pip gain for the week, chalking up FIVE 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!