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Five wins and just one loss on this trading strategy for the week! Read on to see how many pips the latest positions bagged.

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 positions opened, and these made up for its losses the other week:

These consecutive wins amounted to 23 pips in gains for USD/JPY. Woot woot!

Here’s what went down with GBP/JPY:

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

This pair also had three valid plays for the week, and here’s how these turned out:

One loss for GBP/JPY this time! Still, the back-to-back wins earlier on made up for the losing position, yielding a 21-pip gain for the pair.

With that, the Inside Bar Momentum Strategy is up 44 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 Q4 2019 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!