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One pair had a pretty good run in the past week while the other mostly had losses. Did the overall tally result in gains though?

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’s what went on with USD/JPY:

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

This pair had four valid inside bar signals in the past few days, and here’s how these turned out:

All green, baby! USD/JPY was able to lock in gains on its four plays as momentum was in its favor, racking up a total of 40 pips for the week.

Here’s what went down with GBP/JPY:

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

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

GBPJPY inside bar

Guppy was able to score a couple of losses and one win, a reverse of how things played out in the previous update. With that, the pair snagged a 5-pip dent for the week.

This allowed the Inside Bar Momentum Strategy end up with 35 pips in gains, which is still pretty decent. 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!