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Was this mechanical system able to extend its winning streak to ELEVEN weeks? Check out the latest positions right here!

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 caught three valid plays for the week, and here’s how these turned out:

USD/JPY was off to a good start as it hit the target on its first position. However, these gains were erased by the next two losing positions, yielding a 2-pip dent for this pair.

Here’s how Guppy is looking:

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

I’m seeing a bunch of inside bar patterns, but only two got their entries filled. Here’s how it turned out:

Ack! One loss and one win for this pair!

Unfortunately, Guppy churned out a 7-pip loss, bringing the system down by 9 pips for the week and ending its long winning streak. Still, this loss ain’t so bad!

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!