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Back-to-back wins on Guppy! This mech system had another good run for the week as small losses were outweighed by big gains.

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 another week with several inside bar patterns but only a few valid and triggered signals.

The first couple of plays didn’t turn out so well as price edged close to the targets but reversed course quickly and hit the stops instead.

Fortunately the last play made up for those losses and more!

Here’s how the positions fared:

With that, USD/JPY was able to walk away with an 8-pip loss for the week, as the last play made up for some of the earlier losses.

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, baby! Just like in the previous week!

The first play bagged 74 pips while the next one caught 72 pips, racking up a total of 145 pips for GBP/JPY. This brings the total for the Inside Bar Momentum Strategy to 137 pips.

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!