It looks like range-bound conditions are returning for the pairs I’m watching on this strategy, but thank goodness for early exit signals.
EUR/USD had a short position left open in the previous update and, just when it seemed ready to hit the full stop loss, a new crossover formed and allowed the strategy to exit at a much better price.
A long pullback signal soon followed, but this also had to be closed for a small loss on yet another new crossover.
Cable hit its full profit target in the previous update, and a bullish crossover was followed by a stochastic pullback signal to go long.
As with EUR/USD, this also had to be cut quick when a fresh bearish crossover happened. This was then followed by a stochastic signal to open a short position.
As for EUR/JPY, the pair opened a long position and has gained enough bullish momentum to have the trailing stop activated.
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
I’ll round up the quarterly numbers on this one in a bit. Think it’ll beat the Q1 2018 figures?