Got a bunch of new signals on this mechanical trading system! Do you think trends are about to pick up from here or will we see early exits again?
EUR/USD had a bearish crossover from the earlier update, and this was followed by a valid stochastic short signal. Unfortunately, the pullback came in too late as the tide turned again and triggered a new crossover.
Cable had a short position opened during the week, and this also had to be closed on a new crossover for a loss. This was followed by a long signal, and the position is still open for now.
After hitting its trailing stop and scoring wins in the previous update, EUR/JPY had a valid long stochastic pullback signal this time.
Here’s how the positions are looking:
The SMA Crossover Pullback System wound up with a 119-pip loss or 0.79% dent on the account for the week due to a couple of early exits. Still, two positions are left open and I’m gonna keep my robot fingers crossed that these could fare better.