New crossovers led to early exits on some positions under this system again, but one play is locking in gains with a trailing stop.
EUR/USD had a long position left open from the earlier update, and this one enjoyed enough bullish momentum to have its trailing stop activated.This means this position is a risk-free one that’s locking in pips along the way!
I’m still keeping my robot fingers crossed that it makes it all the way to the full profit target, but I can rest easy knowing that it’s holding on to at least 20 pips in gains in case price retreats.
GBP/USD had a short position left open in the earlier update, and this one didn’t really see much bearish momentum.Instead, price moved sideways until a new crossover closed the short position out.
The pair staged a strong rally afterwards, but Stochastic has yet to reach the oversold region and turn higher to generate a long signal.
As for EUR/JPY, its long signal was also followed by sideways price action, so the position eventually had to be closed on a new crossover.
Fortunately it managed to bag a few pips on the early exit!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 20, 2021
There are no new positions for the week, and the only one that’s running is the risk-free trade on EUR/USD.
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!