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Both pairs I’m watching on this mech system were able to score some wins but snagged a few losses as well. Here’s how it all added up.

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 three valid inside bar signals in the past few days, and here’s how these turned out:

One win and two losses for this one. All in all, the pair wound up with a 5-pip loss.

Here’s what went down with GBP/JPY:

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

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

Just like USD/JPY, GBP/JPY had two losses and one win for the week, but its last position is still open. This pair wound up with a 41-pip dent.

With that, the Inside Bar Momentum Strategy is down 46 pips for the week. 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!