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This mech system had one of its stronger runs lately as profit targets were hit left and right. Here’s how it all added up!

If this is the first time you’re reading about this forex 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.

USD/JPY had just one valid signal for the week as the pair formed an inside bar pattern in the middle of a sharp selloff.

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

Price went on to gain downside momentum and eventually hit the profit target on the sole position.

With that, USD/JPY ended up with a 33-pip gain for the week.

Now here’s what went on with GBP/JPY:

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

This pair caught more signals than USD/JPY, and most turned out to be winners except for the second position.

Here’s what happened:

The second short play on Guppy snagged a meager 15-pip loss, not enough to erase the gains on the other positions. The pair was able to close out with an impressive 89-pip win.

This means that the Inside Bar Momentum Strategy ended up with a 122-pip gain 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 2020!