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One pair had a bunch of inside bar patterns but no triggered plays while the other had a couple of winning positions. See how many pips it caught!

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 on both USD/JPY and GBP/JPY.

The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.

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 several inside bar patterns that formed throughout the week, but not a single one was able to get its entry triggered.

Some generated long signals but were followed by selloffs while others had short signals that came right before rallies.

I guess I’d take these signal-free runs over losing weeks, though! Besides, USD/JPY had quite an impressive performance the other week.

Now here’s what went on with Guppy:

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

This pair managed to catch two valid signals for the week while a few inside bar patterns didn’t get their entries triggered as well.

Here’s how the opened positions turned out:

Back-to-back wins! Woot woot!

The short position was able to bag 51 pips while the long play caught 26 pips, racking up a total of 77 pips for the Inside Bar Momentum Strategy.

The percentage win/loss depends on how position sizes are calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q1 2020 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!