After its previous choppy run, was this mechanical trading system able to perform better this time? Take a look at the latest plays.
EUR/USD had a short position left open in the earlier update and this gained some bearish traction.
However, another crossover is likely to happen soon and close this position out. Fingers crossed a few gains can still be caught, though!
Cable also had a short play left open, but price merely moved sideways in the days that followed. It didn’t take long for a new crossover to happen and trigger an early exit for a small loss.
No new positions have been opened yet, as stochastic has yet to dip to the oversold region and pull up.
As for EUR/JPY, the pair had more downside momentum on its short position, enough to have the trailing stop in place.
Price has popped higher since, coming a few pips close to hitting the adjusted stop loss close to entry but seemingly resuming its slide for now.
Here’s a look at the latest positions: