There was still a bit of choppiness left in play for the pairs I’m watching, but did the system manage to filter those out? Take a look!
EUR/USD had a bearish crossover as of the latest update, and this was followed by a short signal that was closed on a new crossover the following day.
A long signal soon followed on a bullish crossover and stochastic pullback to the oversold region, but price seems to be struggling to gain upside traction again.
Cable had a choppy run in the earlier update and was left with a bullish crossover then. So far so good for this pair as it climbed high enough to have the trailing stop activated.
EUR/JPY was able to hit its profit target for a big win last time, and a new crossover signaled that a new trend may be in order. A stochastic pullback also followed, generating a long position.
Here’s how it all turned out:
Even with the sideways action and early exits, the system managed to score a teensy win on EUR/USD. Three long positions were left open, though, so I can’t help but worry that all these could turn out losers. Then again, all three could end up winners, so I’m gonna think happy robot thoughts.
Also, if recent performance is any indication, the pairs I’m watching haven’t been as correlated as they used to be.
All in all, the SMA Crossover Pullback System scored 11 pips or +0.07% so far. Have you checked out how this strategy fared for Q4 2018 yet?