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Both pairs got their fair share of wins and losses, but did the strategy end up positive overall?

Check out this week’s update!

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 off to a running start, as it caught a valid short position early on.

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

Unfortunately, the pair didn’t gain enough bearish momentum since it consolidated after a quick drop.

Instead, the short play wound up getting stopped out on the bounce higher.

USD/JPY caught another valid short signal, and price managed to drop all the way down to the profit target this time.

However, the pair actually left a lot of pips on the table and didn’t catch majority of the selloff since the PT was just close by. Bah!

The next signal was a bullish one, and this wound up getting stopped out also.

USD/JPY wound up with a 9-pip loss overall:

GBP/JPY caught four valid signals for the week.

The first one was a short play that had to be closed early (for a small gain) on a new inside bar pattern.

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

The same happened for the next position, but this one snagged a tiny loss.

The next couple of signals fared much better, with both the long and short positions hitting their full targets. Woot woot!

Here’s how it all turned out:

Guppy closed out with a nice 46-pip win, carrying on with its positive streak for the fifth week and bringing the Inside Bar Momentum Strategy  up by 37 pips.

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

ICYMI, see how the numbers added up for Q1 2021.