This strategy snagged a bunch of early exits on choppy price action but is still locking in pips on some positions. Take a look!
EUR/USD had a short position left open in the earlier update, and this is still locking in pips with its trailing stop already activated.So far, it’s looking at a pretty decent 32-pip gain and could go for more!
GBP/USD had a long position from way back that already had its trailing stop in place. However, moving averages made a bearish crossover that led to an early exit for a small gain.
This was followed by a Stochastic pullback signal to short, but this position didn’t stay open for very long as another crossover materialized almost immediately.As you can see from the oscillating moving averages above, another short signal came up and this ain’t lookin’ good!
As for EUR/JPY, its long position from way back enjoyed plenty of bullish momentum but not enough to have its trailing stop activated. Instead, the pair snagged an early exit on a new crossover… but still managed to lock in pretty good gains!
This bearish crossover was followed by a valid short signal, and this position is still open.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Feb. 9, 2021
All three pairs have positions open again, and this time they’re all going in the same direction. EUR/USD is locking in gains with its trailing stop so I’m not too worried about that, but the other short plays on Cable and EUR/JPY are in the red for now.
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!