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This system caught fewer than usual valid inside bar signals in the past week but still managed to see some gains. Here’s what went on.

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

USD/JPY wasn’t off to a good start as its first position got stopped out on a large pullback, even as it was inching close to its full target. The next trade turned out to be a win as it scored 18 pips in gains.

Here’s how Guppy is looking:

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

This pair had just the one valid signal for the week, and here’s what happened:

Guppy managed to chalk up a win as its short play enjoyed enough bearish momentum to hit its full target at 24 pips.

This leaves the Inside Bar Momentum Strategy up by 30 pips for the week, making up for a part of the other week’s losses. 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!