I’m seeing another set of early exits and a fresh batch of signals on this strategy. Here’s how it’s going so far.
EUR/USD had a new bearish crossover by the end of the previous week, and this was followed by a valid short signal.As it turned out, the moving averages were simply oscillating then, generating another new crossover that closed the position just a few bars later.
This was then followed by a long Stochastic pullback that opened a fresh bullish position that’s open until now.Bullish momentum has picked up enough for this pair to rally more than 150 pips above the long position’s open price. This means that the trailing stop is activated and locking in pips along the way!
As for EUR/JPY, its long position from the previous week also had to be closed early on a new crossover.
A new short position was opened soon after as Stochastic turned lower from the overbought zone.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 24, 2020
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!