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Even with ongoing trends, it was a quiet week for this mech system since it caught only one valid signal.

How did it turn out?

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 was trending higher for the entire week, but it didn’t really catch any valid signals.

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

There were a few inside bar patterns that formed, but these were mostly short signals whose entries didn’t get triggered.

Now here’s what went on with GBP/JPY:

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

This pair was also trending higher throughout the week, and it was able to catch a valid trade signal early on.

Unfortunately this was a short position that dipped close to its profit target before resuming the uptrend. Bah!

Here’s how it turned out:

With that, the Inside Bar Momentum Strategy stayed in the red zone, snagging a 33-pip dent on Guppy for the week.

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

See how the numbers added up for Q4 2020!