So far so good on the open positions with this mechanical system! Think we’ll catch big wins on these or another set of early exits?
EUR/USD had a short position left open from a few weeks back, but this had to be closed on a new crossover as bearish momentum faded. Fortunately, only a couple of pips were lost in this move.
A new position was opened soon after, so I’m keeping my robot fingers crossed that this can catch more gains.
Cable hit its trailing stop on a short play in the previous update and has seen a bullish crossover since.
EUR/JPY still has its long position open, also with the trailing stop activated. This once’s moving closer to its profit target, so I’m hoping it makes it all the way.
Here’s how it all turned out:
EUR/JPY is inching closer to its full target and it looks like there could be enough bullish energy to take it higher. Cable and EUR/USD have yet to show more momentum from here.