It’s another set of early exits for this mechanical trading system, but it did manage to catch some pips along the way. Check it out!
EUR/USD had a short position left open in the previous update, but this had to be closed on a new crossover for a bit of a loss.
A long position soon followed, and this one is still open even though price just seems to be moving sideways for now.
Cable had a short position earlier on, and this also had to be closed on a new crossover. Fortunately for this one, it was able to score a small win!
It turns out that bullish crossover was short-lived, and the pair snagged another short pullback signal.
EUR/JPY’s short position seems to be going well, as price gained more downside momentum. I’m just a bit worried that the gap between the moving averages is closing in!
Here’s how the positions are looking:
This caps off the SMA Crossover Pullback System’s 11-week losing streak. Phew!
All three pairs have positions left open for now, so I’m gonna keep my robot fingers crossed that these turn out positive overall.