The latest set of crossovers have generated fresh signals for this mechanical system. Here’s how the positions are looking.
EUR/USD had a long position opened in the earlier update, but this one had to be closed early when a new crossover formed.Although this resulted to a loss for the pair, I’m pretty happy with how the early exit was able to trim losses before price dropped even further.
GBP/USD had a new bearish crossover in the past week, and this generated a valid Stochastic pullback short signal.Since this short play was just opened before the end of the week, it’s still open for now and I’m keeping my robot fingers crossed that it gains bearish momentum.
This was then followed by a valid long Stochastic pullback signal, and this position is still open as well.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Jan. 12, 2021
In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!