It’s another big win for this mechanical trading system this week! These trends are getting really strong, aren’t they? Take a look at the latest gains.
EUR/USD had a long position opened from a few weeks back, and this one gained enough bullish momentum to have its trailing stop locking in pips along the way.Fortunately, the rally was strong enough to make it all the way to the full profit target without any major pullbacks.
With that, the pair was able to bag a total of 300 pips or a 2.00% gain on the long position. Woot woot! 🎉
Cable already hit its full profit target the other week and is still on a strong uptrend, so there haven’t been any new crossovers just yet.It looks like GBP/USD ain’t ready for new crossovers anytime soon since the 100 SMA and 200 SMA are still far apart.
Too bad the pair left a bunch of pips on the table, as it could’ve scored more gains if the position was left open. Then again, I shouldn’t be too greedy!
Here’s a look at the latest positions:
That chalks up FOUR consecutive winning weeks, adding gains to its first positive week this quarter.
All these gains might just be enough to put the strategy back in the black for this period… but I guess that’ll have to wait until I crunch the numbers for Q2.