Ugh! EUR/JPY has been chalking up one quick loss after another as choppy conditions are in play. Did the gains on the other pairs make up for these dents?
EUR/USD already had its trailing stop activated on its latest short position, but it turned out a new crossover would be the one to trigger an early exit… and at a much better price, too!
Cable took its own sweet time before making a stochastic pullback signal to open a short position after the earlier downward crossover. This turned out to be a little too late as another crossover formed. Fortunately the early exit signal still caught some pips.
And the thorn in the system’s side these days, EUR/JPY, flipped back and forth once more to catch tiny losses along the way. Bah!
Here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback strategy ended up with a 105-pip win or a 0.7% gain on the account, making a bit of a rebound from the previous week’s big loss.But as in earlier weeks, this marks yet another terrible showing by EUR/JPY. The pair has been caught in choppy conditions, leading to oscillating moving averages that take it in and out of positions quickly.
It seems to be in the same boat as Guppy in my other mechanical trading system, so I’m just gonna give these yen pairs a chance for now and keep my robot fingers crossed for better trends soon.
ICYMI, check out the system’s performance for Q3 2017!