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It was a pretty exciting couple of weeks for this mech system as it caught a bunch of good signals. 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 caught several valid short signals and just one long play for the week.

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

The first position didn’t fare so well as price didn’t dip low enough before it popped back up to hit the stop.

Fortunately the next three trades turned out to be winning ones, allowing the pair to end up with a neat 23-pip win even after the last position got stopped out.

Here’s what happened:

Now here’s what went on with GBP/JPY:

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

This currency pair made up for its signal-free run last time as it also caught a handful of valid signals this time.

Guppy was off too a good start, followed by small back-to-back losses, then a three-trade winning streak. This was enough to amount to 113 pips in gains for the pair:

With that, the Inside Bar Momentum Strategy ended up with a decent 136-pip gain for the week thanks mostly to Guppy’s wins.

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

See how the numbers added up for Q3 2020!