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The winning streak continues! This mech system bagged another set of gains on both USD/JPY and GBP/JPY this 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 a couple had their entries triggered.

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

The first long position had some bullish momentum going for it, but it wasn’t enough to hit the profit target. In fact, price just missed it by a pip!

The next inside bar pattern led to an early exit (for a small gain) and another long position.

This one managed to hit its full profit target, but the win wasn’t all that big either. Here’s how it all turned out:

Now here’s what went on with GBP/JPY:

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

This pair had three valid signals for the week, the first two being long positions and the last one a short play.

Both long positions were able to bag gains while the short position hit its stop loss on a spike higher before bearish momentum picked up.

Here’s what happened:

With that, the Inside Bar Momentum Strategy ended the week with a decent 58-pip win.

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

See how the numbers added up for Q4 2020!