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Got a couple of weeks’ worth of signals in this update, fellas!

See how this mech system fared during the start of Q3.

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 only three valid signals throughout the first couple of weeks of October.

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

A bunch of other inside bar patterns formed, but most of these didn’t get their entries triggered.

No harm no foul, though! Even though the pair only had a few opened positions, these turned out pretty well.

USD/JPY chalked up back-to-back gains on its first plays, as the pair banked on sustained bullish momentum. The third position is still open and in the black.

Here’s how the signals fared:

GBP/JPY caught more signals during the period, opening seven positions throughout the past weeks.

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

The first one was a short position that was able to profit from that quick dip lower.

The next couple of plays churned out consecutive wins as well, before the pair snagged a 19-pip loss on the one that followed.

Things did not get any better from there, as Guppy chalked up even larger consecutive losses and erased most of its winnings.

Even with all these positions opened, the pair wound up with a meager 3-pip gain:

This brings the Inside Bar Momentum Strategy 2.0 up by 19 pips for the week.

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

Not the best of starts for this quarter, I know!

ICYMI, see how the numbers added up for Q3 2021.