Partner Center Find a Broker

Just as in the other week, one pair had a shaky run while the other scored pips. Did the strategy end up positive overall?

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 saw a handful of inside bar patterns, but only two were able to generate valid signals and see their entries get triggered.

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

Both signals actually had momentum going for them, but the stops were a bit too tight. Instead of being able to keep the position open until the trend picked up, the trades wound up getting stopped out right away.

With that, USD/JPY wound up with a 21-pip loss 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 just one valid signal, even though it also saw a bunch of inside bar patterns.

Just as in the previous update, Guppy scored pretty decent gains!

Here’s how it turned out:

The pair capped the week off with a neat 32-pip win, bringing the Inside Bar Momentum Strategy up by 9 pips. I know it’s not a lot, but a win is a win!

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

See how the numbers added up for Q3 2020!