Got a fresh batch of signals on this mechanical trading system! But how did the recent positions fare?
EUR/USD had a long position left open in the earlier update, and it wasn’t looking too good then.The pair tumbled all the way down to its stop loss before a new crossover could even trim the losses on an early exit. Bah!
This was then followed by a valid Stochastic pullback signal to short, and this position is looking much better. In fact, price has fallen low enough to have the trailing stop locking in gains along the way.
As for EUR/JPY, it also bagged a lot of pips when price climbed all the way up to the 300-pip target last week, and it looks like the uptrend ain’t even over yet!
Unfortunately, this means that there have been no new crossovers or signals for this pair this week.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Mar. 9, 2021
Both dollar pairs have short positions open at the moment, and I’m not too worried about these since the trailing stops are already guaranteeing pips in the bag.
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!