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One more big weekly win for this mech system to cap off the month? Let’s see if the latest positions bagged another impressive run.

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

Ack! More red than green!

Three out of four trades churned out losses for this pair while only one position came out positive. USD/JPY wound up with an 8-pip loss for the week.

Here’s how Guppy is looking:

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

This pair had three valid inside bar signals for the week, and here’s how the positions turned out:

Two wins and one loss? Not so bad, right?

Well, it turns out the losing trade was larger than the winning ones combined, so GBP/JPY ended up with a 10-pip dent for the week.

This leaves the Inside Bar Momentum Strategy down by 18 pips for the week, taking up part of the big wins in the earlier update. The percentage win/loss depends on how position sizes are calculated.

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!