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This strategy caught four valid signals then won three plays this week. Read on to see how many pips it bagged.

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 bunch of inside bar patterns throughout the week, but only a couple turned out to be valid signals.

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

The pair was able to bag 39 pips 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 also formed several inside bar patterns throughout the week, but only two had their entries triggered.

The first short position was able to make it all the way down to the full profit target, but the next one popped up to the stop loss before picking up on bearish momentum.

Still, Guppy was able to close out with a neat 10-pip gain:

With that, the Inside Bar Momentum Strategy was able to follow through on the previous week’s gains with a decent 49-pip win.

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

See how the numbers added up for Q4 2020!