I’m seeing strong bearish action on euro pairs, but was this mechanical trading strategy able to cash in on those? Time to find out!
EUR/USD had a short position left open from the earlier update, and sustained bearish momentum allowed the trailing stop to get activated. Price is within striking distance of the target, though, so I’m hoping it gets triggered before a pullback.
Cable still didn’t make any new crossovers as the bearish trend simply went on and on. Man, look at all those pips left on the table!
Lastly, EUR/JPY had a few choppy moments as the new crossover from the previous week generated a short signal that was closed early.
Fortunately the upward crossover wasn’t followed by stochastic pullback signal to go long, so the next one was able to generate another short position.
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
The euro pairs have short positions open with trailing stops already locking in pips along the way. While I’m no longer worried about these positions losing, I’m still keeping my robot fingers crossed that both EUR/USD and EUR/JPY hit their profit targets close by.
ICYMI, check out this system’s performance for Q1 2018!