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This strategy only had a few signals for the week, but it still managed to scrape by with a few pips. Take a look!

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 a long position left open from the earlier update, and this was eventually able to score a full win.

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

Another valid signal popped up later on, but the position was unfortunately stopped out as price spiked this way and that.

Thanks to the first win, though, the pair was able to close out with a decent 28-pip gain:

Now here’s what went on with GBP/JPY:

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

This currency pair caught a couple of valid plays for the week.

The long play didn’t have enough bullish momentum going its way, so it eventually hit the stop loss.

The short position, on the other hand, scored a quick win before volatility kicked into high gear.

Here’s what happened:

With that, Guppy closed out with a teensy 5-pip gain.

This means that the Inside Bar Momentum Strategy ended up with a 33-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!