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Scored a bunch of wins on this mechanical trading system lately! Read on to see how many pips it racked 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 hit the ground running at the start of October as it caught several valid signals over the past few days.

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

The first signal turned out well as it hit the full profit target.

This was followed by a losing short position, but the next SIX positions all turned out to be winners and made up for the tiny loss.

All in all, USD/JPY was able to bag a total of 84 pips:

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 seven valid plays for the week.

Just like USD/JPY, Guppy only snagged one loss and won the rest of the positions. The entry on the last long signal hasn’t been triggered yet, though.

The earlier positions were able to book a total of 145 pips for the pair:

With that, the Inside Bar Momentum Strategy ended up with a 229-pip gain for the week. The percentage win/loss depends on how position sizes are calculated.

What a way to start the last quarter of the year, huh?

I’m gonna round up the numbers for Q3 soon but ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2020!