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This mech system is off to a good start for Q2, as it caught a handful of profitable signals on both pairs I’m watching.

How many pips did it score?

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 consolidating early in the week, before bearish momentum picked up later on.

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

The pair was able to jump in a couple of short plays, both of which hit their full profit targets. Woot woot!

With that, USD/JPY was able to bag a total of 30 pips 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 caught a long play at the very start of the week, but this had to be closed early when a new inside bar pattern formed.

Another long signal followed, but the pair didn’t really gain any upside traction soon after. Because of that, this position got stopped out for a tiny loss.

The next signal turned out to be a short play that caught a small chunk of the selloff that followed and hit its profit target. Too bad it didn’t stay open for much longer!

Here’s how it all turned out:

With that, the Inside Bar Momentum Strategy ended up with a total of 63 pips in profits for the week.

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

See how the numbers added up for Q4 2020!