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One pair caught a couple of winning trades on this strategy while the other snagged a loss. Here’s the tally for the week.

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 one had its entry triggered.

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

The pair had a valid short signal, but unfortunately price spiked up to hit its stop during the consolidation that followed.

Because of that, USD/JPY wound up with a 16-pip loss on its sole position:

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 then caught valid entries on a couple.

The first one was a short position that caught enough downside momentum to hit the target. The second one was a long play that also snagged a win before a reversal took place. Woot woot!

These allowed Guppy to close out with a 40-pip win:

With that, the Inside Bar Momentum Strategy was able to follow through on the previous week’s gains with a meager 24-pip win.

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

See how the numbers added up for Q4 2020!