I’ve snagged one full win on this mechanical system and the rest have trailing stops activated. I guess this robot ain’t sweating it for now!
EUR/USD had a new downward crossover from the earlier week and a stochastic pullback signal soon followed. Price gained enough bearish momentum to inch close to the target, which means that the trailing stop is already locking in pips along the way.
Cable also had a downward crossover from the previous update that was followed by a stochastic pullback signal this week. And thanks to the recent slide in Cable, this position already hit its target. Woot woot!
Lastly, EUR/JPY’s long position from way back hit its trailing stop to catch some pips before a new crossover occurred.
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
EUR/USD still has a position left open, but the trailing stop is already guaranteed to catch a win for this one. EUR/JPY seems to be late to the game with its fresh bearish crossover, but it could still snag some pips if selling pressure keeps up.
ICYMI, check out this system’s performance for Q1 2018!