Partner Center Find a Broker

It’s a mixed run for this mechanical system over the past week as one pair bagged some pips while the other stayed in the red. Take a look!

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:

The pair was off to a good start as it caught some gains in the first couple of positions but wound up erasing these in the next two, ending up with a 2-pip dent.

Here’s how Guppy is looking:

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

Ouch, all red!

Guppy snagged four consecutive losses for the week as momentum following inside bar breakouts just couldn’t seem to last, resulting in a 77-pip loss for the pair.

This leaves the Inside Bar Momentum Strategy down by 79 pips for the week, taking up part of the big wins in the earlier updates. 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!