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This strategy caught only a handful of signals this time, but did it score any wins? Read on to find out!

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 was off to a slow start since it couldn’t pick up on inside bar patterns early in the week.

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

Later on, one valid signal popped up after another as momentum picked up.

The first position didn’t quite catch enough upside to hit the full target before being closed on a new inside bar pattern for a teensy gain.

Unfortunately the next one suffered almost the same fate, as it missed the profit target by a measly pip then got stopped out!

Good thing the last position managed to score a full win. Here’s how it all turned out:

Now here’s what went on with GBP/JPY:

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

Nada!

This currency pair didn’t catch any valid signals at all as entry prices weren’t triggered, even though several inside bar patterns formed.

I guess Guppy wanted to take a break after its stellar run the other week!

With that, the Inside Bar Momentum Strategy ended up with a meager 6-pip gain for the week thanks to USD/JPY’s positions.

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

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