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It was another slow week for this mech system, even though it managed to catch a couple of wins on USD/JPY. Did it end up positive overall?

If this is the first time you’re reading about this 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.

First up, here’s what went on with USD/JPY:

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

This pair had four valid signals for the week, and here’s how these turned out:

USD/JPY was trending lower early in the week before moving sideways for the next few days. It was off to a good start with a winning short position, but the next one got stopped out.

Fortunately it locked in a few pips, even with an early exit on the third play, before chalking up another losing position.

Here’s what went down with GBP/JPY:

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

This pair caught had two valid plays for the week, and here’s what happened:

Ack, back-to-back losses on this one!

Guppy had quite the choppy run as it started with a climb but barely saw any strong momentum in the latter part of the week.

This pair wound up with a 77-pip loss while USD/JPY lost 11 pips, rounding up to an 88-pip dent for the Inside Bar Momentum Strategy.

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

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q4 2019 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!