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Both USD/JPY and GBP/JPY caught two signals each, but one pair scored back-to-back wins while the other snagged two losses.

Did the strategy extend its winning streak overall, though?

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 few inside bar patterns that formed, but only a couple got their entries triggered.

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

Both were long positions that were able to take advantage of the rallies that followed, but the second one had to be closed early when a new inside bar pattern popped up.

With that, the pair was able to close out with a decent 33-pip win for the week.

Now here’s what went on with GBP/JPY:

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

This pair also had two valid signals for the week, both of which were short plays.

Price enjoyed some downside momentum but fell short of hitting the profit target before a bounce took place. A new inside bar pattern formed, so this position had to be closed early.

The next short position barely got any bearish follow-through, so it was stopped out on the rally.

All in all, Guppy lost 68 pips this week:

With that, the Inside Bar Momentum Strategy took a break from its winning streak and snagged a 35-pip loss.

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

See how the numbers added up for Q4 2020!