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The positive streak continues! Even with some losses, this mech system was able to close out another week in the green.

This marks its fourth consecutive winning week yo!

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 long position left open from the earlier update, and this made it up to the profit target.

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

It was able to catch three additional valid inside bar plays for the week.

One of the long positions didn’t fare so well, though, as price dipped to hit the stop loss before bullish momentum picked up eventually.

Fortunately the next one turned out to be another win, brining the pair up by 48 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 had only one valid signal for the week.

After a bit of a dip, the long position soon got triggered and zoomed up to the profit target to score 32 pips.

With that, the Inside Bar Momentum Strategy is up by 80 pips for the week, adding to earlier gains.

That’s all green so far this year. I hope I didn’t jinx it, though!

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

See how the numbers added up for Q4 2020!