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It’s a bit of a slow one for this mech system as it caught only one signal per pair this week. Here’s how the positions turned out.

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 one valid inside bar signal for the week, and here’s how it went:

The sole long position yielded a 14-pip loss for the pair. Ouch!

Here’s what went down with GBP/JPY:

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

This pair had two valid plays for the week, but the second one is still open.

Fortunately, the 22-pip win on GBP/JPY made up for the loss on USD/JPY.

With that, the Inside Bar Momentum Strategy is up by a measly 8 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!